Tag: tickmill
The significance of today’s US inflation report can hardly beoverestimated. Over the past few years there were few inflation reports, which drewas much attention as the January report. The Fed acknowledged in December thatit was wrong with its inflation forecasts, removing the word “temporary” fromthe wording. Additionally then signaled in January that getting a grip […]
Coca Cola Earnings In FocusUS beverage icon Coca Cola is due to report Q4 2021 earnings today and the release is drawing plenty of attention. KO shares have been in a firm upward trend since the December lows, printing a near 20% rally. Over the last 24 hours we’ve seen heavy selling, however, as traders […]
Type: Bullish ContinuationKey Levels:Resistance: 154″17Pivot: 153″10Support: 152″18Preferred Case:Price is trading in a descending channel and near pivot level of 153″10 in line with 23.6% Fibonacci retracement. Price can potentially go to the resistance level of 154″17 which is in line with 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the […]
Daily Market Outlook, February 9, 2022 Overnight Headlines Biden Is Set To Meet With Utilities In New Push For Climate Spending House Passes Short-Term Government Funding Bill, Sends To Senate US Lawmakers Move Closer To Agreement On Russia Sanctions Bill Fed’s Daly Warns US Inflation Could Get Worse Before It Gets Better Fauci Declares Full […]
CIBCFX FLOWSFixing demand for $YEN but was subsequently sold by Japanese, believed to be the usual exporters. I also learned that the retail sector was also selling, adding to short USD positions. Japanese names also sold EUR¥ which has gotten several specs bullish. $YEN stayed under pressure, 10-year UST yields closed 1.96% over in North […]
Type: Bullish ContinuationKey Levels:Resistance: 15621.25Pivot: 14826.75 Support: 14510.25Preferred Case:Price is near pivot level of 14826.75 in line with 50% Fibonacci retracement. Price can potentially go top the resistance level of 15261.25 which is also 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator.Alternative Scenario:Price can potentially dip […]
Uber Up NextAs US earnings season rolls on, Uber is up next to report today. The company has seen its share prices trending steadily lower since the highs printed early last year. The group saw strong performance over the peak of the pandemic with a record surge in food deliveries offsetting the drop in transport. […]
Cryptos On The ReboundFollowing months of heavy losses, cryptocurrencies are finally starting to rebound in February. BTC has now recovered almost 40% off the lows printed in January while ETH has climbed by almost 50%. Much has been made of the cascade we’ve seen since the all-time highs printed last year with many calling for […]
On Wednesday, sellers in the sovereign debt markets take profits before release of the key inflation data point for the market (US CPI), yields pulled back from key resistance levels (2% on 10-year Treasuries, 0.25% on German Bunds). Another driver of the rally could be acknowledgment that there was an overreaction to the ECB and […]
NZDJPY On Watch NZDJPY is worth keeping an eye on here. The reversal off the move sub 75.92 is starting to gather momentum and price is fast approaching the bear trend line from 2021 highs and the 77.34 level resistance. With the retail market heavily short the pair and RBNZ rate-hike expectations surging in the […]