Tag: tickmill

CPI Driven Volatility Yesterday saw widespread volatility across all asset classes as traders digested the latest US inflation figures. There has been plenty of attention on the Fed recently given the wealth of Fed commentary we’ve had and the seemingly more hawkish tilt to much of it. Many Fed members, including chairman Powell, have been […]

TitleUSDCAD H4 | Potential bearish breakout TypeBearish Breakout Preference: Price is falling towards the pivot point of 1.36708 which is a pullback support that aligns with the 78.6% Fibonacci retracement level and could potentially break through this level; we could see momentum carry price down to its 1st support at 1.3578 which is a pullback […]

Gold Rally Continues Gold prices are trading higher through the middle of the week, spurred on by a weaker US Dollar. The greenback plunged yesterday in response to a cooler-than-forecast set of US inflation figures. US CPI was seen falling back to 3.2% YoY, down from 3.7% prior. The data has fuelled a pushback against […]

CPI Slides 2% In reassuring news for both UK households and the BOE, UK inflation was seen cooling sharply last month. Headline annualised inflation fell back to 4.6% from 6.7% prior, below the 4.7% the market was looking for. This marked the largest deflationary move in two-years in the UK. Core inflation was seen falling […]

Daily Market Outlook, November 15, 2023 Munnelly’s Market Commentary…  Asia – stocks experienced an uptick as global risk sentiment improved. The catalysts for this positive shift included weaker-than-expected US Consumer Price Index (CPI) data, which led to a more dovish outlook from the Federal Reserve, raising hopes that the Fed might conclude its rate-hiking cycle. […]

TitleXAUUSD H4 | Falling to support? TypeBearish Reversal Preference: Price has just reacted off our pivot point of 1946.23, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1932.79, an overlap support level Alternative scenario: However, if the price breaks above […]

Daily Market Outlook, November 14, 2023 Munnelly’s Market Commentary…  Asia – stocks exhibited a mixed performance as markets awaited the release of US Consumer Price Index (CPI) data.  The Nikkei 225 saw advancement, driven by earnings releases and Japan’s consideration of corporate tax breaks for companies implementing an 8% wage increase. Meanwhile, the Hang Seng […]

TitleUS30USD H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference:Price could fall to our pivot point at 34194.1, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Price could bounce off our pivot point to rise towards the 1st resistance at 34784.2, which is a swing high […]

The euro and British pound surged on Tuesday following the release of UK labor market statistics, which revealed an unexpected increase in employment in both the services and manufacturing sectors. Contrary to the consensus estimate of a 198,000-job reduction in August, employment rose by 54,000, a positive revision of the previous figure. Additionally, September saw […]

TitleGBPUSD H1 | Reacting off resistance? TypeBearish Reversal Preference: Price is rising toward our pivot point of 1.22888 which serves as a swing-high resistance level  A reversal from this point could lead the price to drop to the 1st support at 1.2223, an overlapping support level. Alternative scenario:However, if the price breaks above the pivot, […]