Tag: tickmill
GBP Holds Firm Against USD GBP has been one of the better performers against USD this week. Despite the broad strength we’ve seen across USD pairs, GBPUSD has remain well supported, even with today’s better-than-forecast US jobs data. One explanation for this is the latest BOE meeting which saw the bank striking a more hawkish […]
Euro Stocks Up The DAX is pushing higher today on the back of the latest set of eurozone inflation figures released this morning. The index is still down around 2% from the week’s highs but has recovered more than 1% so far. The flash eurozone CPI reading for December came in at 2.9% on the […]
US Jobs Rise Again The latest set of jobs data out of the US today has added further pause-for-thought for those projecting near-term US rate cuts. With the headline NFP figure printing 216k vs 168k expected, the US economy is proving to be more resilient than many ere expecting over recent months. The unemployment rate […]
TitleEURJPY H4 | Bullish bounce TypeBullish Bounce Preference:The price could bounce off the pivot at 158.194, the pullback support, and rise to the 1st resistance level at 160.369, the pullback resistance. Alternative scenario:EURJPY could potentially pull back and breakout of the pivot at 158.194, and fall to the 1st support at 156.771, the pullback support […]
TitleGBPJPY H4 | Bearish reversal TypeBearish Reversal Preference:GBPJPY could rise to the pivot at 184.047, the swing-high resistance, before pulling back and falling to the 1st support at 181.86, the pullback support level. Alternative scenario: The price could break the pivot at 184.047, and rise to the 1st resistance at 184.838, the multi-swing-high resistance. To […]
TitleNZDUSD H4 | Potential bullish bounce TypeBullish Bounce Preference:NZDUSD could bounce off the pivot at 0.62217, the multi-swing-low support, and it could rise to the 1st resistance at 0.6326, the overlap resistance level. Alternative scenario:The price could reverse to the pivot at 0.62217, and fall to the 1st support at 0.61823, the overlap support level. […]
Daily Market Outlook, January 5, 2024 Munnelly’s Market Minute… Stocks in the Asian region ended up trading mixed as the initial optimism slowly faded, even though there were no significant developments. This occurred as investors prepared for the release of the US Non-Farm Payrolls (NFP) report and ISM Services Purchasing Managers’ Index (PMI). The Nikkei […]
TitleEURUSD H4 | Bullish bounce? TypeBullish Bounce Preference:The price is falling toward the pivot point of 1.0882, which serves as a pullback support level that aligns with the 61.8% Fibo retracement, A bounce from this point could lead the price to rise to the 1st resistance at 1.1004, an overlap resistance that aligns with the […]
The EURUSD experienced a corrective phase and stabilized below 1.0950 early on Thursday, finding support above the 1.0900 level tested the day before. The pair’s technical trajectory indicates a potential recovery, but investors are exercising caution ahead of the NFP report on Friday. During the middle of the week, the US Dollar gained strength due […]
Wednesday saw the EUR/USD pair lose its recovery momentum, slipping below the crucial 1.0950 mark during European trading hours. This decline comes on the heels of a decisive correction in the US Dollar (USD), which touched its lowest level in nearly two weeks at 1.0938. The Technical Tapestry Taking a closer look at the technical […]