Tag: tickmill

CIBCFX FlowsAustralia’s Q4 inflation came out higher than expected, trimmed mean, measure watched by RBA, up 2.6%, above the RBA target midpoint of 2-3%. Our macro strategist Patrick expects the RBA could announce next week to end QE sometime middle of February. Patrick, along with market is looking for rate hike this year. RBA is […]

Type: Bullish BounceKey Levels:Resistance: 27479.38Pivot: 27171.76Support: 26531.38Preferred Case:Prices are on bearish momentum and consolidating in a descending channel. We see the potential for a dip from our Pivot at 27171.76 in line with 100% Fibonacci extension toward sour 1st support at 26531.38 in line with 100% Fibonacci extension. Prices are trading below our Ichimoku cloud […]

AUDNOK Breaks The ChannelThe recent AUDNOK breakout trade idea has hit its first target at 6.4202. With MACD and RSI firmly bullish here, the focus remains on the bigger target at 6.5046.Despite the broader wave of risk aversion we’ve seen, AUD has benefitted against NOK firstly as a result of softer oil prices this week […]

Markets Rattled By Russia/Ukraine Military FearsIt’s been a volatile start to the week for benchmark global equities indices. Asset markets have seen wild price action over the last 24 hours with stock prices plunging amidst rising geo-political fears before recovering off the lows. Once again today, however, risk markets are back under pressure as uncertainty […]

The increased geopolitical premium and rotation out risk assets on expectations of higher Fed rate have made a significant contribution to the weakening of currencies tied to business cycle fluctuations or those that correlate with equity returns. High uncertainty around the situation in Ukraine may discourage investors to buy those currencies in near-term, at the […]

UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and services sector were weaker than expected over the month. The manufacturing PMI was seen falling back to 56.9, from the prior month’s […]

EURAUD Looking For Lift OffEURAUD looks poised to breakout here. Price has been holding in a block of consolidation between the 1.5671 level support and resistance at the 1.5876 level, sitting in the lower portion of a large triangle pattern. With both MACD and RSI bullish here, and with the market pressuring the topside level […]

Metals Well-Bid On Monday But FOMC LoomsThe metals complex has started the week with a positive tone as both gold and silver see decent demand across the European open on Monday. With USD continuing to hold within the narrow block of consolidation which has formed recently, and with equities markets tanking, gold prices look likely […]

Asian and European markets are in the red on Monday with the weakness of US equities on past Friday being key catalyst of downward momentum. Investors increased demand for cash amid growing risk-off mood helping USD to stand out among G10 peers. Interestingly, 10-year bond yields extended decline after hitting 1.90% peak in the last […]

Amazon Under PressureAmidst the broader sell-off in risk assets, tech stocks have been among the hardest hit over the recent weeks. Looking at Amazon in particular, the company’s stock saw a deep 12% slide last week, marking its worst week since 2018. Pre-market pricing shows Amazon stock is due to open a further 4% down […]