Tag: tickmill
Currency markets saw a slight bearish tilt in Powell’s remarks on Thursday, causing some weakening in the dollar’s support. The dollar index dipped below the 106 level post-speech, but it failed to elicit significant interest from sellers. As a result, the price stabilized on Friday, trading above 106 points. Since the end of last week, […]
Retail Sales Drop in September Following a disappointing CPI reading earlier in the week, the latest data out of the UK today made for further grim reading. UK retail sales were seen falling 0.9% in September, down from 0.4% in August and below the -0.3% the market was looking for. The ONS cited the unseasonably […]
Yields on Treasury bonds have revisited recent local highs, compelling equity investors to reassess their discounted cash flow stock valuations. The yield on the 10-year bond touched 4.99% on Thursday, while the 2-year bond yield advanced to 5.25%. The market capitalization of major U.S. stock indices dipped by 1-1.5% yesterday, and today, there’s cautious growth. […]
TitleUS30USD H4 | Bearish reaction off pivot? TypeBearish Reversal Preference: Price has broken through an overlap support previously, becoming an overlap resistance, and could possibly retest it now. Our pivot point is at 33454.9, which is the overlap resistance level. If price rejects this overlap resistance level and closes below, then price could possibly fall […]
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 CLICK HERE! Source: Tickmill
TitleEURGBP H4 | Bearish reversal off 61.8% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 0.8729, which is an overlap resistance, aligning with the 61.8% and 100% fibo projection. Based on Elliot Wave structure that has been plotted out, we have projected the final wave, wave 5 to have its last […]
Daily Market Outlook, October 20, 2023 Munnelly’s Market Commentary… Asia – Asian stock markets experienced a decline to their lowest levels in 11 months on Friday. This drop was driven by the continuous increase in long-term U.S. yields, which placed pressure on market valuations. Investor sentiment was marked by caution due to growing concerns that […]
TitleUSDCAD H4 | Falling to pullback support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36919 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.37835 which is a swing-high resistance […]
TitleXAUUSD H4 | Potential Bearish reversal? TypeBearish Reversal Preference:The price is rising toward our pivot point of 1954, which serves as an overlap resistance. A reversal from this point could lead to a price drop to the 1st support at 1933, a pullback support level. Alternative scenario:However, if the price breaks above the pivot, it […]
TitleEURJPY H4 | Bullish bounce off 61.8% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance. Alternative scenario:If price falls below […]