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% ...

Submitted Nov 12, 2021|From tickmill.com

Much of the fall in EURUSD this week was due to the widening of the rate differential between short-term EU and US bonds. Following the CPI release on Wednesday, the yield gap rose 4 bps. and then added another 6 bp over the next two days. reaching ...

Submitted Nov 11, 2021|From tickmill.com|2 comments

Inflation in the US again exceeded expectations, this time by a wide margin. Headline and core inflation rose to the highest levels in the past 30 years. Significant short-term momentum, as well as the looming Christmas shopping season, are making ...

Submitted Nov 8, 2021|From tickmill.com

The current price action in gold is attracting my attention. The rally off the 1763.88 level has seen price breaking out above the bear channel top with price now sitting just shy of a test of the 1826.71 level. This is a key resistance level in ...

Submitted Nov 3, 2021|From tickmill.com

Type: Bearish Reversal Resistance: 1789.06 Support: 1776.287 Pivot: 1783.651 Preference: Prices are consolidating in a bearish channel. We see potential for dip from our Pivot at 1783.651 in line with 50% Fibonacci retracement and 38.2% Fibonacci ...

Submitted Oct 26, 2021|From tickmill.com

Type: Bearish Reversal • Pivot: 63679.07 • Resistance: 66781.83 • Support: 59497.32 • Preference: Price broke out of an ascending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci ...

Submitted Oct 25, 2021|From tickmill.com

Worries about so-called stagflation - a combination of low growth and high inflation - continue to mount among asset managers, the latest BofA report shows. In the last survey, the share of respondents who believe that both inflation and economic ...

Submitted Oct 25, 2021|From tickmill.com

ECB meets, U.S. earnings season kicks into gear The European Central Bank will meet on Thursday, but the market is expecting it to be a non-event. The U.S. corporate earnings season kicks into high gear, with a large proportion of S&P 500 companies ...

Submitted Oct 25, 2021|From tickmill.com|1 comment

Gold tried to break the downtrend, but to no avail. After this attempt, long spike was still left. In principle, it might signify the potential drop of the asset’s price. Of course, gold might still manage to break the downtrend through, yet the ...

Submitted Oct 15, 2021|From tickmill.com

The CADJPY breakout trade continues to deliver here, with price blowing through another target at 90.69 and clearing the previous 2021 highs. The crude market rally has acted as a platform for firm CAD upside here. Rising BOC tightening expectations ...

Submitted Oct 14, 2021|From tickmill.com

The crude market has drawn plenty of attention this week as the ongoing rally saw prices breaking out to fresh three year highs. Traders have been increasing their net long positions in crude over recent weeks, as reflected in the COT report which ...

Submitted Oct 14, 2021|From tickmill.com

Trade Risks As a result of China’s issue with Australia, the country has launched a series of trade embargoes on many Australian imports. Given that China is Australia’s largest trading partner, the moves have had serious repercussions for ...

Submitted Oct 12, 2021|From tickmill.com

The recent short idea in EURAUD has been triggered with price moving steadily lower now, on track to hit the first target at 1.5671. Optimism in Australia, following the end of the recent lockdowns there, is putting the focus back on RBA tightening ...

Submitted Aug 6, 2021|From tickmill.com

We’ve heard thousands of drums played simultaneously, Olympic cauldrons lit by flaming arrows, political boycotts and even Bjork. So, what is it about the Olympic games that has countries battling ferociously to become a host? Aside from the obvious ...