Tag: tickmill

Credit AgricoleAsia overnightUST yields holding onto yesterday’s gains kept downward pressure on sentiment in Asia. Most Asian bourses and S&P 500 futures were trading lower at the time of writing. The JPY was the outperformer in G10 FX on the back of weaker risk sentiment. The NZD was supported by the NZ rates market pricing […]

Aussie Employment Data In Focus TonightLooking ahead to tonight’s Asian session (Weds/Thurs overnight), the key data releases to note are the Australian unemployment rate and employment change numbers. Given the firm trajectory in the labour market rebound, the market is looking for the unemployment rate to fall lower again to 4.5% from the prior 4.6%.With […]

CAD CPI In FocusToday’s Canadian CPI print will be the key data focus for the US session. CAD has been one of the strongest performers of 2022 in light of the uptick in oil prices and hawkish BOC expectations. With that in mind, today’s data has the potential to further accelerate the rally, or hit […]

NZDCAD Opens UpThe breakdown trade recently issued in NZDCAD has seen the market extending lower to reach its first target at .8475. Despite some corrective action, NZD is firmly back under pressure now with the US Dollar rebounding higher once again. With the retail market around 96% long here and with the US Dollar fighting […]

Equities Under Pressure As USD ReboundsBenchmark global equities indices are back under pressure this week as the rebound in the US Dollar weighs on asset prices. The current USD drive looks to be linked to comments made yesterday by Fed’s Bullard who noted that the current pace of inflation would likely warrant higher interest rate […]

At today’s meeting, theBank of Japan changed the balance of risks for inflation in the forecasttowards neutral, however, it barely raised its inflation forecast, which willlikely be regarded as a lack of urgency to raise the rate. In the case of moresignals from the Fed related to policy tightening, the yen is the first tosuccumb […]

GBPCAD Head & ShouldersThe rally in GBPCAD off the Q4 2021 lows looks now to have fizzled out with price putting in an interim double top formation around the 1.73 mark. Price has now broken below the neck of this pattern and with both MACD and RSI bearish here, the focus is on a further […]

Type: Bearish ReversalKey Levels:Resistance: 125.664Pivot: 125.348Support: 124.768Preferred Case:Prices are consolidating in a triangle. We see the potential for prices to dip from our Pivot at 125.348 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 124.768 in line with 23.6% Fibonacci retracement. Technical indicators are showing bearish momentum.Alternative Scenario:Alternatively, […]

Type: Bullish BounceKey Levels:Resistance: 1.0509Pivot: 1.04178Support: 1.04047Preferred Case:Price broke out of the descending trendline resistance on the daily, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 61.8% Fibonacci projection and 50% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci retracement and previous swing […]

Type: Bearish ReversalKey Levels:Resistance: 43811.Pivot: 42275.85Support: 39778.7Preferred Case:Price is abiding to the descending trendline resistance, signifying overall bearish momentum. We can expect price to continue to drop from pivot level in line with 23.6% Fibonacci retracement and graphical overlap support (if price close below pivot) towards 1st Support in line with 61.8% Fibonacci projection and […]