Tag: tickmill
TitleAUDUSD H4 | Rising into 50% Fibo TypeBearish Reversal Preference: Price is rising towards the pivot point of 0.63991 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.63324 which is a swing-low […]
On Wednesday, the Treasury bond market was hit by a new wave of sell-offs. The yield on 10-year bonds surged by 11 basis points in a short span of time, setting a new local high: The sell-off was apparently triggered by the durable goods orders report. The market had expected a 0.2% decline for the […]
Energy Prices Stoke Concerns UK shares have come under heavy selling pressure again today with the FTSE falling around more than 1% over early European trading on Thursday. The index is now down almost 3% from the September highs and looks vulnerable to further losses through the end of the week. The driver behind the […]
Daily Market Outlook, September 28, 2023 Munnelly’s Market Commentary… Asian equity markets with a mixed tone as traders evaluated the performance in the US leading into the end of the month and quarter. Global yields and oil prices saw further upside, impacting market sentiment. The Nikkei 225 underperformed, slipping below the 32k handle and facing […]
Rising Yields Turn Stocks Lower Following the correction lower from YTD highs, the Nasdaq continues to hug support at the 14544.9 level today. The uptick in USD and US yields over the last two weeks has been a major downside catalyst for risk sentiment, with tech stocks falling sharply. The Fed is now widely expected […]
TitleEURUSD Day, Bouncing off support? TypeBullish Bounce Preference:Price is currently at our pivot point of 1.04737, which serves as an overlap support level. that aligns with the 127.2 Fibo extension. A reversal from this point could lead the price rise to the 1st resistance at 1.06425, an overlap resistance. Alternative scenario:However, if the price breaks […]
The price of natural gas has closely approached the psychological level of 3.00 USD/MMBtu. At that, the asset’s price is trying to test this level for the third time in a row. As the cold season approaches, the demand for natural gas will gradually increase since it plays a crucial role in heating residential and […]
TitleSPX500USD H4 | Bearish reaction off 38.2% fibo? TypeBearish Reversal Preference: Price is rising towards our pivot point at 4306.5, aligning with the 38.2% fibo retracement and 78.6% fibo projection. We could expect price to fall from our pivot point, to the 1st support at 4259.5, which is a swing low support level. Alternative scenario:If […]
TitleEURJPY H4 | Bullish bounce off 78.6% fibo? TypeBullish Bounce Preference: Price is falling to our pivot point at 157.04, which is a swing low support and at the 78.6% fibo retracement, and slightly below the 78.6% fibo projection. Price could bounce off the pivot point and rise towards the 1st resistance at 157.83, which […]
USD Rally Continues The US Dollar rally continues to gather pace as we head through the middle of the week. More importantly, as we round out Q3, many of those USD forecasts from Q2 calling for a lower USD now look wildly offside. The Dollar has enjoyed a near 7% rally over the September quarter […]