Tag: tickmill
CPI Rises Again in August The release of the latest US inflation data has done little to impact near-term Fed rate pricing, despite coming in above forecasts. Annualised CPI was seen rising to 3.7% from the prior month’s 3.2% reading, above the 3.6% the market was looking for. Looking at the monthly breakdown, headline inflation […]
Daily Market Outlook, September 14, 2023 Munnelly’s Market Commentary… Asian equity markets generally displayed resilience and upward momentum, distancing themselves from the uncertainty that had gripped Wall Street. This confidence emerged in the aftermath of a somewhat hawkish-leaning US inflation report, which revealed an uptick in the headline Consumer Price Index (CPI). However, the Core […]
TitleCADJPY H4 | Falling to pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 108.45 which is a pullback 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 109.093 which is a swing-high […]
TitleEURUSD H4 | Bouncing off Support level? TypeBearish Breakout Preference:Price could bounce off from our pivot point at 4460.15, which is an overlap support level, aligning with the 50% fibo retracement. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 4494.9, which is a swing high resistance […]
TitleXAUUSD H4 | Potential Bullish Reversal? TypeBullish Bounce Preference:The price is falling toward our pivot point of 1900.434, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1916.192, an overlap resistance. Alternative scenario:However, if the price breaks below the pivot, it […]
Aussie Under Pressure The Aussie Dollar continues to linger below the .6520 level following the downside break in early August. The move lower has been laboured, on the back of the impulsive break lower we saw across July. With this in mind, the pair is perhaps vulnerable to a near-term short squeeze if we’re unable […]
TitleUSDJPY H4 I Reacting off the resistance? TypeBearish Reversal Preference:Price is currently at our pivot point of 147.382, which serves as an overlap resistance level that aligns with 78.6% Fiob retracement. A reversal from this point could lead the price to drop to the 1st support at 146.132, representing a swing-low support level. Alternative scenario:However, […]
TitleSPX500USD H4 | Bullish bounce off 50% fibo? TypeBullish Bounce Preference:Price could bounce off from our pivot point at 4460.15, which is an overlap support level, aligning with the 50% fibo retracement. If price bounces off the pivot point, then price could potentially rise towards the 1st resistance at 4494.9, which is a swing high […]
Brent Soaring on OPEC Drivers Oil prices are soaring this week with Brent crude oil trading up to fresh highs on the year, hitting levels not seen since November 2022. Brent is now trading around 32% higher off the YTD lows and looks poised for further gains near term against a highly supportive backdrop. The […]
Stocks Showing Caution Ahead of Data US stock markets are reflecting some trepidation ahead of the latest set of US inflation figures due later today. Fed rate hike projections for the remainder of the year have been sharply unwound on the back of recent US data misses. While the Fed has reaffirmed its message that […]