Tag: tickmill

USD Stays Down The US Dollar remains under pressure as we commence the final full trading week of 2023. Last week, the Fed’s signal that rates will be cut next year acted as confirmation for those who have speculated over the likelihood of such a shift across recent months. On the back of the meeting, […]

TitlePotential bearish reaction off pullback resistance TypeBearish Reversal Preference:Price is rising towards the pivot point of 77.855 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 72.067 which is a multi-swing-low support […]

Aussie On the Up The Australian Dollar continues its attempted breakout today, fuelled by ongoing USD weakness. The shift in perspective on the Fed sets AUD up as a prime candidate for strength in coming months. With risk flows improving and commodities prices gaining, AUD looks well positioned to benefit from further USD weakness as […]

Daily Market Outlook, December 18, 2023 Munnelly’s Market Minute…  Last week, a notable theme in the markets was a divergence in messaging from the Federal Reserve (Fed), Bank of England (BoE), and European Central Bank (ECB). The Fed adopted a somewhat dovish tone and did not resist market expectations for significant rate cuts in 2024. […]

Daily Market Outlook, December 15, 2023 Munnelly’s Market Minute…  Asia – Stocks in the Asia-Pacific region mostly traded higher, buoyed by positive sentiment from Wall Street, supported by favourable data and decreasing yields following the recent dovish pivot by the Federal Reserve. The Nikkei 225 rose, surpassing the psychological 33K handle. The Hang Seng surged […]

EUR Rally Stalls On the back of the post-FOMC rally we saw on Wednesday, EURUSD was driven further higher yesterday by the ECB. While the bank held rates unchanged and arguably made some dovish adjustments to the decision statement, Lagarde’s pushback against rate-cut calls and her insistence that rates would need to stay at current […]

This week saw a series of central bank meetings that delivered a plethora of surprises. In particular, the communication from both the Federal Reserve and the European Central Bank diverged from market consensus expectations. Strong data on the U.S. economy, including service activity indices (PMI), employment and wage growth in November, and changes in unemployment […]

TitleCHFJPY H4 | Potential bullish bounce? TypeBullish Bounce Preference:Price is above the pivot point at 163.721, the pullback support, and could bounce off and rise to the 1st resistance level at 166.671, multi-swing high resistance. Alternative scenario:Price could break the pivot line at 163.721 and fall to 1st support level at 162.154, the swing-low support. […]

Futures Weekly Wrap-Up #ES #NQ #YM To access the weekly review of the price action in the emini futures markets and today’s real-time actionable analysis for the Friday trading session use the links below, please like & share! Emini SP500 https://youtu.be/JZ-z0uEMhU0?si=6krBfWtUcTpb1zEk Emini Nasdaq https://www.youtube.com/watch?v=r2T8PoIaVW4 Emini DowJones https://youtu.be/2iiOvRx4z3c?si=Q3wigFT0pV6Zs_0_ Source: Tickmill

FTSE Surges Post-BOE On the back of the Bank of England meeting yesterday, the FTSE is attempting to breakout above the 7678.8 level range highs. The meeting saw the BOE holding rates steady, while pushing back against those calling for imminent rate cuts. Instead, the bank warned that the battle against inflation was still not […]