Tag: tickmill

CitiEuropean OpenRisk-off sentiments initially permeated through markets over headlines that U.S. Secretary of State Blinken believed Russia will invade Ukraine before the night is over. This risk-off sentiment only took a turn for the worse, as Russian President Putin made a surprise speech announcing that he has authorized a special military operation. Subsequently, Bloomberg reported […]

Price Shift Coming? GBPCAD price action is catching my eye here. The market has been trading higher within a broad bullish channel over recent months. However, price is now potentially carving out a large double top pattern with strong bearish divergence on momentum studies. The market is now turning lower, about to test the 1.7198 […]

Risk Aversion Seen on ThursdayGlobal markets are in heavy risk-off mode today in response to news of Russia invading Ukraine. News broke in the early hours of the morning that Russia had launched an attack on several front, firing missiles, rolling troops in and deploying troops by air. There have been reports of mass casualties […]

Type: Bearish DipKey Levels:Resistance: 14372.25Pivot: 13842.25Support: 12724.25Preferred Case: Price has recently broken through a key support level and near pivot level of 14034 in line with 38.2% Fibonacci retracement . Price can potentially dip to the support level of 13624 in line with the horizontal swing low support . Our bearish bias is supported by […]

Type: Bullish ContinuationKey Levels:Resistance: 154’09Pivot: 152’21Support: 151’15Preferred Case: Price is near pivot level of 152’21 in line with 50% Fibonacci retracement. Price can potentially go to the 1st resistance of 154’09 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above the […]

NZDCAD Breaks OutThe rally in NZD on the back of the February RBNZ meeting overnight has seen the NZDCAD breakout idea from .8553 hitting its first target at .8631. With the retail market heavily short the pair and with both MACD and RSI bullish here, the focus is on a continuation higher while 8553 holds, […]

NZD In The Driving SeatThe New Zealand Dollar has been the strongest performer across the European open today, extending the rally seen over the Asian session in response to the latest RBNZ meeting. As expected, the RBNZ hiked rates again overnight, marking the third consecutive rate rise, to take the bank’s headline rate back up […]

The acute phase of the crisis (probably not the last one) in Eastern Europe has passed and the market focus is once again shifting to the battle of central banks against inflation. Short-term market inflation expectations, which are calculated as the spread between 2Y Treasury yield and 2Y TIPS yield, jumped 9 bps to 3.76%, […]

Shares in Barclays are trading a little higher ahead of the open today following a positive Q4 earnings release. The bank reported earnings per share of $0.36, well above the $0.26 EPS forecasts. Similarly, the bank reported revenues of $7.015 billion, beating the $6.991 billion number Wall Street was looking for. This marks the sixth […]

CitiEuropean OpenSouring risk continued in Asia, as new headlines shook overnight markets. Russia’s President Putin ordered Russian troops to the breakaway region of Ukraine for “peacekeeping,” further escalating tensions. Subsequent headlines of potential sanctions, further talks as well as criticism from the UN Security Council meeting drew little reactions from markets. DXY continued its march […]