Tag: tickmill
The greenback has regained its footing, and a pivotal factor behind this resurgence is the hawkish stance taken by several Fed members. Notably, we saw both a hawk, Neel Kashkari, and a dove, Austan Goolsbee, highlighting the battle against inflation and leaving all options open for the upcoming December meeting. This illustrates the delicate balance […]
TitleUSDCAD H4 | Potential bullish bounce TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.37378 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.38900 which is a swing-high resistance level. […]
TitleSPX500USD H4 | Bullish bounce off pivot? TypeBullish Bounce Preference: Price could bounce off our pivot point at 4371.9, which is a pullback support level. If price bounces off our pivot point, then price could potentially continue its bullish run to the 1st resistance level at 4398.7, which is a swing high resistance level. Alternative […]
Daily Market Outlook, November 8, 2023 Munnelly’s Market Commentary… Asia – markets had a mixed performance following a similar trend from Wall Street, with the market activity being very limited in early APAC hours. Nikkei 225 initially gained from the strong earnings of Nintendo, which boosted the Electronics sector by over 6%, but the Oil […]
JPY Falling Further The Japanese Yen is weakening across early trading on Monday following the latest comments from BOJ governor Ueda today. Speaking a few hours ago, Ueda signalled that the prospect of negative rates being reversed this year was very low. While Ueda acknowledged that the bank had made progress in terms of bringing […]
BTC Rally Pauses for Now Bitcoin bulls remain in limbo for now as the leading crypto asset continues to hang out just below recent highs. Excitement and speculation regarding anticipated BTC ETF approval has been keeping Bitcoin prices well supported over recent months, helped by a shift in the market’s Fed expectations. However, on the […]
After a series of risk-on days, FX markets are now consolidating with the dollar on the rise against its major peers. This follows some intriguing price movements triggered by the Reserve Bank of Australia’s 25 basis point interest rate hike, as well as mixed economic data from China. Today’s trading session appears relatively calm, but […]
TitleGBPUSD H4 | Rising towards resistance? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1,2323, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1,2417, a multi-swing high resistance. Alternative scenario:However, if the price breaks below the pivot, […]
TitleEURUSD H1 | Bouncing off support? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1.0686 which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.0722, an overlap resistance. Alternative scenario:However, if the price breaks below the pivot, it […]
Daily Market Outlook, November 7, 2023 Munnelly’s Market Commentary… Asia – stocks experienced a decline across the board, retreating from the previous day’s gains, with Wall Street’s mixed performance contributing to the uncertainty. South Korea’s KOSPI was a significant underperformer, dropping over 2.8% following the previous day’s surge driven by the ban on stock short-selling. […]