BTCUSD,H4 | Bullish Momentum

Type: Bullish BreakoutKey Levels:Resistance: 53447.13Pivot: 51516.62Support: 49368.58Preferred Case:Price is reacting in an ascending channel, signifying bullish momentum. However, price is currently at a resistance, we can expect price to drop from 1st Resistance in line with 127.2% Fibonacci projection and 127.2% Fibonacci Extension towards 1st Support in line with 38.2% Fibonacci retracement. Our short-term bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level.Alternative Scenario:Alternatively, price could push higher to 1st Resistance in line with 161.8% Fibonacci projection and 161.8% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-bullish-momentum"
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CHFJPY, H4 | Bullish Momentum!

Type: Bullish BounceKey Levels:Resistance: 124.777Pivot: 123.916Support: 123.532Preferred Case:Prices are on bullish momentum. We see potential for a bounce from our Pivot at 123.916 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci retracement towards our 1st resistance at 124.777 in line with 161.8% Fibonacci extension and 200% Fibonacci projection. Prices are trading above our Ichimoku clouds, further supporting our buAlternative Scenario:Alternatively, prices may dip towards our 1st support at 123.532 in line with 61.8% Fibonacci retracement and 100% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/chfjpy-h4-or-bullish-momentum"
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USDJPY, H4 | Bullish Momentum!

Type: Bullish BounceKey Levels:Resistance: 114.877Pivot: 114.216Support: 114.047Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 114.216 in line with 100% Fibonacci retracement, 100% Fibonacci extension and 78.6% Fibonacci retracement towards our 1st resistance at 114.877 in line with 161.8% Fibonacci retracement and 161.8% Fibonacci Projection. Prices are trading above our Ichimoku Clouds, further signalling bullish momentum.Alternative Scenario:Alternatively, prices will dip towards our 1st support at 114.047 in line with 100% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-momentum27"
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AUDUSD, H4 | Short-term Bearish Drop

Type: Bearish ReversalKey Levels:Resistance: 0.7289Pivot: 0.72511Support: 0.71808Preferred Case:Price is reacting in an ascending channel, signifying bullish momentum. However, price is currently at a resistance, we can expect price to drop from 1st Resistance in line with 127.2% Fibonacci projection and 127.2% Fibonacci Extension towards 1st Support in line with 38.2% Fibonacci retracement. Our short-term bearish bias is further supported by the stochastic indicator where the %K line is at the resistance level.Alternative Scenario:Alternatively, price could push higher to 1st Resistance in line with 161.8% Fibonacci projection and 161.8% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-short-term-bearish-drop"
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Share tips of the week – 24 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604269/share-tips-of-the-week-24-december
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MoneyWeek Christmas quiz 2021

It’s been a year of speculative frenzy, economic uncertainty and political scandal. See which financial stories you remember – and which passed you by – with our Christmas quiz. Compiled by Jasper Spires

from Moneyweek RSS Feed https://moneyweek.com/economy/people/604268/moneyweek-christmas-quiz-2021
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MoneyWeek’s Super Six: December 2021 update on our investment trust portfolio

MoneyWeek’s favourite investment trusts have rocketed in the past ten years, says Merryn Somerset Webb. We will stick with them

from Moneyweek RSS Feed https://moneyweek.com/investments/funds/investment-trusts/604261/moneyweek-investment-trust-portfolio-update-december-2021
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Want to quit your job and live an egalitarian life off the land? Things aren't quite that simple

The idea of adopting a simpler lifestyle free from social hierarchies, economic inequalities and tiresome modern work appeals to many romantics – but there are some practical considerations, says Stuart Watkins

from Moneyweek RSS Feed https://moneyweek.com/economy/604258/economic-inequalities-and-evolution-of-capitalism
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Dollar Becalmed After Falling in Response to Omicron Hopes

from Forex News https://www.investing.com/news/forex-news/dollar-becalmed-after-falling-in-response-to-omicron-hopes-2723052
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Market Update – December 24 – The Santa Rally arrived

Wall Street’s main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant. – RTS

• USD (USDIndex 96.00) weakened again and is having its worst week since September.   US stocks rallied again to new highs, Yields also rose; USOil & Gold both held on to healthy gains. Risk on for Santa as strong US data and good Omicron news lifted sentiment. Asian markets grind higher again.
• US Yields 10yr traded closed at  1.4903%,  having breached 1.50%  
• Equities – USA500 +29 (+0.62%) at 4725 (0.5% above key 4700)  NASDAQ +085%, #TSLA +5.76%  Eli Lilly +2.48%, PFE -1.41% – For the week, the S&P 500 rose +2.3%, the Dow gained about +1.7% and the Nasdaq climbed +3.2%. S&P Futures were up 0.66%. 
• USOil – rallied again $73.54, before settling at 73.32
• Gold – spiked to $1810 on the weaker USD, and holds at 1808
• Bitcoin rallied +4.5% with the risk-on mood, breaching 50k and trades at 51k now
• FX markets – EURUSD 1.1325, USDJPY holds up at  114.34, Cable breached  1.3400 and trades at 1.3410 now.

Today – Germany closed today & Monday, UK Half-day today and closed Monday & Tuesday. US markets closed today re-open until Monday.

 

Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.46%) Continues the rally from Tuesday as JPY weakens on budget announcements, breached 78.00 now. MAs aligned higher, MACD signal line & histogram higher, RSI & Stochs  OB, H1 ATR 0.112 Daily ATR 0.7500.

from HF Analysis /297124/
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Singapore central bank $60 billion swap facility with Fed to expire on Dec. 31

from Forex News https://www.investing.com/news/forex-news/singapore-central-bank-60-billion-swap-facility-with-fed-to-expire-on-dec-31-2722811
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Turkey’s Missing Billions Signal Unannounced Lira Intervention

from Forex News https://www.investing.com/news/forex-news/turkeys-missing-billions-signal-unannounced-lira-intervention-2722324
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The MoneyWeek Podcast: a very strange year, when forecasting anything became almost impossible

Merryn and John talk about the past year in the markets, the rise of inflation and the bond market's reaction (or lack of it), and conclude that nothing does what you expect anymore.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/604281/the-moneyweek-podcast-a-very-strange-year-when-forecasting
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EURJPY: Price level to watch out for

Japan’s growth forecast was raised to 3.2% for the 2022 fiscal year from the 2.2% real GDP growth forecast seen at the mid-year review in July, helped by a record additional stimulus budget approved by parliament this week. This will be the fastest growth since fiscal 2010 when the economy grew 3.3% after the global financial crisis.

Stimulus spending is expected to boost GDP by 1.5% this fiscal year and 3.6% next fiscal. But the government lowered its forecast for Japan’s real GDP to 2.6% in the current fiscal year, which ended in March from 3.7% previously, as the prolonged COVID-19 pandemic and chip supply constraints weigh on the recovery.

Japan’s economy, the world’s third largest, experienced an annualized contraction of 3.6% in the July-September quarter following a resurgence of COVID-19 cases, curbing private consumption which accounts for more than half of GDP.¹

USDJPY rallied +0.04% yesterday to a 3½ week high as safe-haven demand for the Yen was capped, after Japan’s Nikkei Stock Index closed +0.16% higher. The Yen also came under pressure Wednesday after the minutes of the BOJ’s October meeting said the Yen’s weakness had had a positive impact on the overall economy. Meanwhile the Yen weakened against the Euro yesterday by 0.4%, continuing the upward movement for the 3rd day.

EURJPY,H4

The asset is currently trading below the resistance level of 129.63, gaining 0.2% in the Asian session. Technically, a break of the resistance level would bring the bias to the upside at the 50.0% (130.40) retracement level. However, as long as resistance persists, the asset is likely to re-consolidate within a bound price range. And a break of the support at 127.37 will confirm the continuation of the correction wave for a move to the downside at the 126.00 price level. Overall these assets are likely to consolidate, yesterday’s gains fueled by inflationary pressures in Europe which lifted the 10-year German bond yields to a 3½ week high of -0.269%. France’s Nov PPI was up +17.4% y/y, the biggest gain since the data series began in 1996. The ECB’s Hawkish comments on Wednesday also supported the EUR after ECB Governing Council member Rehn said the ECB “will respond” if inflation picks up high.

¹) https://www.reuters.com/

Click here to access our Economic Calendar

Ady Phangestu

Market Analyst

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from HF Analysis /296897/
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