Tag: tickmill
Despite relatively upbeat NFP report, the dollar was down on Friday. This is somewhat surprising as the odds of a Fed rate hike in March rose after the report. If before the report, the chances were 66%, then on Monday they rose to 70%:Currently the markets price in three rate hikes in 2021. It is […]
NZDCAD Looking To Break LowerNZDCAD has been moving in a broad bearish channel over the last year and price is now threatening to take another leg lower. NZD has been among the currencies hardest hit by the recent fall-back in risk appetite. Hawkish Fed expectations, fuelled by the December FOMC minutes last week, have spooked […]
Type: Bullish BounceKey Levels:Resistance: 116.327Pivot: 115.624Support: 115.332Preferred Case:Prices are on bullish momentum and abiding to our bullish channel. We see potential for a buy from our Pivot at 115.624 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement towards our 1st resistance at 116.327 in line with 127.2% Fibonacci extension. Ichimoku clouds are showing […]
Type: Bullish BounceKey Levels:Resistance: 1.27905Pivot: 1.27067Support: 1.26655Preferred Case:With price moving within the ascending channel, we have a bullish bias that price will rise to our 1st resistance at 1.27905 which is in line with horizontal swing high resistance and 78.6% Fibonacci retracement from pivot at 1.27067, which is in line with horizontal swing low support […]
US Data In FocusToday’s US labour reports for December hold the potential to drive the first major Dollar move of the year. It’s been a quiet start for the greenback as traders await the release of today’s data. Earlier in the week, the December FOMC minutes confirmed that the Fed is now firmly in hawkish […]
Credit AgricoleAsia overnightUST yields are a little lower ahead of the non-farm payrolls data and following the soft US non-manufacturing ISM data. This helped support sentiment during the Asian session. Most Asian bourses and S&P 500 futures were trading higher at the time of writing. G10 FX traded in tight ranges with the NOK and […]
The rush in the markets after the Fed minutes has somewhat subsided and investors are turning their eye on the release of US labor market data today. According to the consensus forecast, the economy added 400K jobs while wages rose 0.4% on a monthly basis. The ADP report released on Wednesday, which more than doubled […]
Trading Today’s NFP ReleaseGiven the built up hawkish expectations heading into today’s NFP release (you can find a fuller briefing here) it’s important to also consider what we might see play out should any of the data miss the mark. As I touch on quite regularly, when the market is looking so heavily in one […]
Type: Bullish BounceKey Levels:Resistance: 1.44293Pivot: 1.43532Support: 1.43136Preferred Case:Prices are consolidating in a triangle. We see the potential for a bounce from our Pivot at 1.43532 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension towards our 1st resistance at 1.44293 in line with 1.44293 in line with 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip […]
Type: Bullish BounceKey Levels:Resistance: 45642.73Pivot: 40746.54Support: 38717.78Preferred Case:Prices are on strong bearish momentum and abiding to our daily descending trendline. We see the potential for a dip from our Pivot at 44122.38 when it retests in line with 23.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 41839.61 in line with 161.8% […]
