Tag: tickmill

Kiwi Catches AirThe weather here in London has been heating up this week, finally, and it seems so too has market action. We’ve seen a further slew of interesting developments this week in terms of key market moves. Broadly speaking, the rebound in risk sentiment has created many interesting opportunities across the week and also […]

BOE Up NextThe Bank of England March rates meeting will be the main economic focus today. The bank is widely expected to raise rates by a further .25% in a bid to curtail soaring inflation. However, the current UK rates market pricing reflects a 60% probability of a .5% hike which, if delivered, would push […]

Type: Bearish ReversalKey Levels:Resistance: 1162’6Pivot: 1125’4Support: 1039’0Preferred Case:Prices are on bearish momentum and abiding by our descending trendline. We see the potential for a further bearish continuation from our Pivot at 1125’4 in line descending trendline towards our 1st support at 1039’0 in line with 61.8% Fibonacci projection. Our bearish bias is further supported by […]

The Fed raised interest rate by 25 bp, but made it clear that the policymakers are not going to stop and will deliver additional six more rate hikes this year. In addition, the Fed raised the level of terminal rate, at which the tightening cycle will end – up to 2.8%. Geopolitical tensions are creating […]

Fed Delivers The GoodsThe Fed went ahead with the well-expected .25% hike at its March meeting yesterday. Along with raising rates, which were voted for 8-1, the Fed also upgraded its dot-plot forecasts and economic projections. The Fed now forecasts 7 hikes over the year, up from just three in December, in line with the […]

Type: Bullish BounceKey Levels: Resistance: 1686’0Pivot: 1667’2Support: 1658’4Preferred Case:With price expected to bounce off the RSI indicator, we have a bullish bias that price will rise to our 1st resistance at 1686’0 in line with the horizontal swing high resistance and 50% and 78.6% Fibonacci retracement from our pivot at 1667’2 in line with the […]

Type: Bullish BounceKey Levels:Resistance: 220.75Pivot: 211.10Support: 204.70Preferred Case:Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level.Alternative Scenario: Price could also head […]

Markets are expecting a 25bp rate hike from the Fed today and indications in Dot Plot for an additional rate increase of 90-100 bp this year. Forecasts of a higher terminal rate this year should be a positive surprise for the dollar. The degree of concern about the conflict in Ukraine and its economic implications […]

Coca Cola Higher Pre-MarketShares in beverage giant Coca Cola (KO) are trading higher ahead of the open today as the company’s stock continues to rebound following the 9% decline from YTD highs. Coca Cola shares had been under pressure over its initial refusal to join the tides of global companies suspending operations in Russia out […]

Type: Bullish BounceKey Levels:Resistance: 2593Pivot: 2496Support: 2449Preferred Case:Price is abiding by the ascending trendline. We see the potential for bullish bounce from our Pivot level at 2661 in line 61.8% Fibonacci projection towards our 1st Resistance at 2593 in line with 50% Fibonacci retracement. Our bullish bias is further supported by RSI indicator showing price […]