Tag: tickmill
Bullish OPEC Report Crude prices have been making their way higher this week, on the back of heavy selling over recent weeks. The uptick comes amidst a pullback in the US Dollar and has also been helped by a more positive outlook for OPEC. In its latest global outlook, OPEC reported that with global supply […]
Gold Under Pressure Gold prices are under pressure as we kick off the new week. The safe-haven was seen extending recent losses through the European open on Monday as hawkish Fed expectations once again take centre stage. Hawkish comments from several Fed members last week, including chairman Powell, have kept the prospect of further Fed […]
Daily Market Outlook, November 13, 2023 Munnelly’s Market Commentary… Asia – stock markets displayed a subdued performance as the region approached key risk events for the week. Investors exercised caution in anticipation of influential factors, including the release of US Consumer Price Index (CPI) data, Chinese activity data, the Biden-Xi meeting, and the looming US […]
The price of Bitcoin is heading up for now. However, it is likely to undergo correction soon. The asset might rebound from the level of 34330 but gain the required support at the level of 31000. This level has been repeatedly tested in the past as well. Brent oil has closely approached the supporting level […]
S&P 500 and other US stock indices closed with a solid gain on Friday. After breaking through the bearish channel last week, the SPX index spent most of the week consolidating near the 4350 level, but on Friday, it made a confident leap, surpassing the 4400 mark. The rally since early November has been quite […]
Futures Weekly Action Areas #ES #NQ #YM To access the weekly action areas for the trading week ahead in the emini futures markets use the links below Emini SP500 https://www.youtube.com/watch?v=VKcKpHJ6fCg Emini Nasdaq https://www.youtube.com/watch?v=TpGx1q_ogKo Emini DowJones https://www.youtube.com/watch?v=iIHF-qcWdNw Source: Tickmill
ETH Testing Highs Ethereum prices are holding just below YTD highs as we start the new week. Following a test of the 2153.5 level last week, ETH prices have since cooled a little though retain a firm upside focus on the back of the more than 405 rally we’ve seen since the September lows. The […]
GBP Traders Await Inflation Data GBPUSD continues to cling to support around the 1.2171 level. The level has acted as a magnet over recent months with price oscillating around that price point since mid-September. An attempt earlier this month at breaking higher saw price running into trouble at the 1.2437 level with that area acting […]
Bitcoin Bites Back After some time out of the limelight, Bitcoin has been grabbing attention again recently with some mouth-watering volatility. The leading cryptocurrency has seen impressive gains over 2023, encouraging bulls that we might see a return to the sort of upside we saw in late 2020/early 2021. There are a number of factors […]
Recession Risks Loom The British Pound is seeing further selling today on the back of the latest UK growth data released this morning. The data, while a little better than forecast, pointed to anaemic growth in the UK and has done little to pushback against recession risks. The monthly GDP reading was seen at 0.2%, […]