Submitted Dec 17, 2021|From tickmill.com

Equity price action was more prominent in the Asian morning, as tech names weighed on local indices. USD tilted a tad lower, while UST yields were a touch higher. The highlight of the morning was the BoJ decision to maintain their rates, but will ...

Submitted Dec 16, 2021|From tickmill.com

Today’s Bank of England meeting is drawing a great deal of attention and has the potential to cause significant price action swings in GBP-based pairs and UK asset prices. On the back of the BOE surprising the market when it failed to lift rates in ...

Submitted Dec 15, 2021|From tickmill.com

Type: Bullish Bounce Key Levels: Resistance: 51560.03 Pivot: 46911.28 Support: 44586.91 Preferred Case: Price is currently at the horizontal support level, we can expect price to bounce from there in line with 78.6% Fibonacci projection towards 1st ...

Submitted Dec 14, 2021|From tickmill.com

Another quiet session in Asia, as we gear up for the week of central bank decisions. Both USD and UST yields ticked slightly higher. AUD dipped 0.3% on flows and thin liquidity. Japan saw the BOJ announce another two repo operations in what now ...

Submitted Dec 13, 2021|From tickmill.com

As we inch ever closer towards the end of the year, it seems that the market continues to lose momentum. The stagnation of the last fortnight is continuing this week with prices still hovering above the 1763.88 support level. However, there is a ...

Submitted Dec 9, 2021|From tickmill.com

In a situation which was eerily reminiscent of this exact time last year, the UK government took the market by surprise last week with the announcement of a move to “Plan B” measures. The COVID restrictions, which are intended as a measure to ...

Submitted Dec 5, 2021|From tickmill.com

Type: Bullish Bounce Key Levels: Resistance: 53675.03 Pivot: 47385.9 Support: 44903.88 Preferred Case: We can expect price to bounce from pivot level in line with 38.2% Fibonacci retracement towards 1st Resistance in line with 161.8% Fibonacci ...

Submitted Nov 30, 2021|From tickmill.com

Type: Bearish Reversal Key Levels: Resistance: 59494.65 Pivot: :57669.37 Support: 53630.53 Preferred Case: Price is reacting in between the descending channel, signifying overall bearish momentum. We can expect price to drop from pivot level in line ...

Submitted Nov 29, 2021|From tickmill.com

On Monday, risk assets rebounded as reports over the weekend suggest that the bout of Covid hysteria on Friday could be an overreaction. Air travel halts have apparently eased off over the weekend, while the WHO and South African researchers ...

Submitted Nov 26, 2021|From tickmill.com

Financial markets have gone into full-blown correction on Friday. Oil collapsed, bond yields of major economies plummeted, indicating a strong demand for risk protection. Interestingly, the dollar is also falling, which until recently also served as ...

Submitted Nov 25, 2021|From tickmill.com

Oil Traders Cut Longs The latest COT CFTC institutional positioning report shows that oil traders cut their net-long positions once again last week. This latest decline was well reflected in price action, with crude currently sitting down by more ...

Submitted Nov 23, 2021|From tickmill.com|2 comments

The New Zealand Dollar is back in focus today as the markets await the November RBNZ MPR meeting tonight. Ahead of the meeting, expectations are broadly in favour of the bank tightening once more. With data improving steadily, inflation soaring and ...

Submitted Nov 23, 2021|From tickmill.com

The dollar rises a new high of this year (96.50 on DXY) amid Biden’s decision to extend the term of the current Fed Chairman Powell. Considering that Powell's main rival, Lael Brainard, is a champion of soft credit policy, the news had a positive ...

Submitted Nov 23, 2021|From tickmill.com

Price is abiding to the descending channel, signifying bearish momentum. We can assume that price would push further down from the pivot level in line with 38.2% Fibonacci retracement towards 1st Support in line with 61.8% Fibonacci projection. ...

Submitted Nov 22, 2021|From tickmill.com

The gold market has started the week on a neutral footing with price currently holding around the week’s opening price. For now, the market is sitting slightly lower against the highs printed last week around the 1871.04 level last week. The current ...

Submitted Nov 22, 2021|From tickmill.com

Type: Bearish Drop Key Levels: Resistance: 59598.53 Pivot: 57492.35 Support: 53539.23 Preferred Case: Price is abiding to the descending channel, signifying bearish momentum. We can assume that price would push further down from the pivot level in ...

Submitted Nov 19, 2021|From tickmill.com

UK Data Rising Steadily It’s been a stellar week for the UK, data-wise at least. First up we had a bumper set of employment figures on Tuesday which saw the unemployment rate falling back to levels not seen since the good old days of 2017. We never ...

Submitted Nov 19, 2021|From tickmill.com

Bitcoin Bails Again It’s that time once again folks; the end of the week. As we wind down for the weekend it’s time to once again recap the week’s highs and lows, triumphs and failures. Chatting with traders this morning it seems the big move that ...

Submitted Nov 18, 2021|From tickmill.com|3 comments

Bearish Reversal Key Levels: Resistance: 0.92784 Pivot: 0.92661 Support: 0.92374 Preferred Case: Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement ...

Submitted Nov 17, 2021|From tickmill.com

Bullish Bounce Key Levels: Resistance: 60814.83 Pivot: 58119.99 Support: 55348.88 Preferred Case: Price is approaching the graphical overlap support. We can expect price to make a short-term bullish bounce from pivot level in line with 127.2% ...