Tag: tickmill
Inflation in the US is at a 40-year high, but the Fed should be concerned not so much with the level of prices as with its structural persistence – the share of companies planning to raise prices has risen to a record level and continues to grow. It is becoming increasingly difficult to expect a […]
Type: Bullish ContinuationKey Levels:Resistance: 92.88Pivot: 88.82Support: 86.78Preferred Case:With price expected to reverse off the support of the Ichimoku cloud, we are bias that price will rise from our pivot at 88.82 in line with the 61.8% Fibonacci projection and 61.8 Fibonacci retracement level and horizontal overlap support to 1st resistance at 92.88 in line with […]
Type: Bearish DownsideKey Levels:Resistance: 1836.9Pivot: 1829.7Support: 1815.3Preferred Case:Prices are approaching a strong graphical overlap resistance at our Pivot. We see the potential for bearish downside from our Pivot at 1829.7 in line with 38.2% Fibonacci retracement towards our 1st support at 1815.3 in line with 50% Fibonacci retracement and 50% Fibonacci retracement. Our bearish bias […]
Credit AgricoleAsia overnightRisk-off trading dominated the Asian session as the higher-than-expected US inflation reading and hawkish rhetoric from the FOMC’s James Bullard ramped up market expectations of a more front-loaded rate hiking cycle. UST 10Y yields retreated only modestly from their high of 2.05% and remain above 2%. A majority of Asian bourses and S&P500 […]
USD Ending the Week HigherThe US Dollar is trading on a better footing into the end of this week following a further lift from the US January CPI reading yesterday. Headline inflation was seen rising 0.6% on the month, better than the prior month’s 0.5% reading and the expected 0.4% reading the market was looking […]
Well, it’s been a much quieter week for FX markets. On the back of the US jobs report last week the market appears to be awaiting the next major catalyst. We have seen some interesting moves, however, with the reversal lower in EUR, and strength in AUD and NZD headlining the week’s action. However, talking […]
Type: Bearish ContinuationKey Levels:Resistance: 152″18Pivot: 154’05Support: 152’14Preferred Case:With price moving below the Ichimoku cloud, we are biased that price retest at our pivot of 154’05 in line with the 38.2% Fibonacci retracement and horizontal overlap resistance and dip to our 1st support at 152’14 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price could […]
Type: Bullish ContinuationKey Levels:Resistance: 15256Pivot: 14812Support: 14512Preferred Case:With price moving above the ichomoku cloud, we are bias that price will retest at the pivot at 14812 in line with the 38.2% Fibonacci retracement level and horizontal overlap support to 1st resistance at 15256 in line with the horizontal overlap resistance and 61.8% Fibonacci projection level.Alternative […]
US CPI On Watch US CPI will be the key data focus today and, on the back of last week’s bumper NFP result, USD bulls are looking for another quick win here to help drive USD higher. If we remembers back to last month’s CPI release however it was interesting to see that despite a […]
Oil Traders Cut Longs FurtherThe latest CFTC COT institutional positioning report shows that oil traders continued to reduce their net long positions last week as profit taking develops further. Crude prices had surged to fresh two-month highs just a few weeks ago but are now well off these levels and are down by around 200k […]