Tag: tickmill
Safe-Haven Flows Supporting Gold Gold prices continue to push higher through the back end of the week as prevailing uncertainty around the conflict in the Middle East continues to drive safe-haven flows. For now, Israel is refraining from launching a full-scale ground invasion of Gaza and president Biden has brokered a deal with Israel to […]
Netflix Stock Jumps The more than 16% gain after hours in Netflix yesterday has been the big story from the US earnings landscape this week. The company’s stock soared after Netflix posted stronger-than-forecast results for Q3 yesterday. Looking at the headline numbers, EPS was seen at $3.73 vs $3.48 expected on revenues of $8.542 billion […]
Daily Market Outlook, October 19, 2023 Munnelly’s Market Minute… Asia – Asian stocks experienced widespread declines, largely influenced by a spillover of selling pressure from Wall Street. This was driven by the latest earnings reports and persisting geopolitical uncertainties. In addition, the upward trend in bond yields posed further challenges. The Nikkei 225 in Japan […]
TitleUSDCHF H4 | Bouncing off support level? TypeBullish Bounce Preference:Price has just bounced off our pivot point of 0.8981, which serves as an overlap support level. A reversal from this point could lead the price rise to the 1st resistance at 10.9029, a multi-swing high resistance Alternative scenario:However, if the price breaks below the pivot, […]
TitleGBPJPY H4 | Bullish reversal off 100% fibo? TypeBullish Bounce Preference: Price is falling towards our pivot point at 181.13, which is an overlap support, aligning with the 100% fibo projection and 50% fibo retracement, which shows that there is fibo confluence here. Price could potentially bounce off our pivot point and rise towards the […]
Bitcoin has tested the key level of 30000 and dropped. The asset’s price is likely to approach the level of 25000, gain the required support, rebound, and rise. Of course, it can also dive even deeper. However, the jump is more likely to happen. Let’s observe which scenario is going to work out. Apple stock […]
Daily Market Outlook, October 18, 2023 Munnelly’s Market Minute… Asia – Asian stocks displayed a mixed performance, influenced by escalating tensions in the Middle East ahead of US President Biden’s visit to Israel. The cancellation of scheduled meetings with the Palestinian President and Arab countries added to the geopolitical uncertainty. In economic news, China reported […]
TitleUSDCAD H4 | Bullish bounce off overlap support TypeBullish Bounce Preference:Price is falling towards the pivot point of 1.36075 which is an overlap support that aligns with the 100.0% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 1.36901 which is a multi-swing-high […]
Oil Underpinned by Middle East Tensions Oil prices continue to tread water through the middle of the week as prices consolidate following the sharp rally seen on Friday. Tensions in the Middle East are underpinning oil prices here though, with traders awaiting fresh upside impetus, bulls have been unable to capitalise on last week’s momentum. […]
TitleEURJPY H4 | Bullish bounce off 38.2% fibo? TypeBullish Bounce Preference: Price could fall to our pivot point at 157.9, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Since EURJPY is looking to become bullish, there is a high possibility that the multi-swing high resistance could be […]