Yen wallows as Omicron fears subside and rate hikes loom

from Forex News https://www.investing.com/news/economy/yen-wallows-as-omicron-fears-subside-and-rate-hikes-loom-2730607
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BTCUSD, H4 | Bullish Momentum

Type: Bullish BounceKey Levels:Resistance: 51870.13Pivot:45589.14Support: 43962.81Preferred Case:Price broke out of the descending trendline resistance, signifying a bullish momentum. We can expect price to bounce from the pivot level in line with 100% Fibonacci projection towards 1st Resistance in line with 100% Fibonacci projection. Our bullish bias is further supported by the RSI indicator where it is abiding to the ascending trendline support.Alternative Scenario:Alternatively, price could push further down to 1st Support in line with 127.2% Fibonacci projection and 127.2% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/btcusd-h4-or-bullish-momentum4"
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EURAUD, H4 | Bearish Drop

Type: Bearish ReversalKey Levels:Resistance:1.57477Pivot: 1.57094Support: 1.56246Preferred Case:Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our Pivot at 1.57094 in line with 61.8% Fibonacci extension towards our 1st support at 1.56246 in line with 61.8% Fibonacci retracement. Our bearish bias is further supported by Ichmoku clouds showing bearish momentum and also RSI at levels where dips previously occurred.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 1.57477 in line with 78.6% Fibonacci extension.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euraud-h4-or-bearish-drop"
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NZDUSD, H4 | Bullish Momentum!

Type: Bullish BounceKey Levels:Resistance: 0.68223Pivot: 0.67888Support: 0.67692Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 0.6788 in line with 23.6% Fibonacci retracement towards our 1st resistance at 0.68223 in line with 61.8% Fibonacci retracement. Ichimoku clouds are showing strong bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.67692 at 0.67692 in line with 61.8% Fibonacci retracement and 161.8% Fibonacci Projection.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-bullish-momentum"
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USDCAD, H4 I Potential for a drop

Type: Bearish ReversalKey Levels:Resistance: 1.28328Pivot: 1.27628Support: 1.26388Preferred Case:With price moving below the ichimoku cloud and respecting the descending trendline, we have a bearish bias that price will drop from our pivot at 1.27628 which is in line with horizontal overlap resistance,38.2% Fibonacci retracement level to 1st support at 1.26388, which is in line with horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and rise up to our 1st resistance at 1.28328, which coincides with horizontal swing high resistance, 61.8% Fibonacci retracement level .

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-h4-i-potential-for-a-drop"
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Dollar Down, but Hits One-Month High Against Yen Over Rate Hike Bets

from Forex News https://www.investing.com/news/forex-news/dollar-down-but-hits-onemonth-high-against-yen-over-rate-hike-bets-2729464
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Dollar hits one-month high vs yen as Fed rate bets lift U.S. yields

from Forex News https://www.investing.com/news/economy/dollar-hits-onemonth-high-vs-yen-as-fed-rate-bets-lift-us-yields-2729444
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NZDUSD, H4 | Bearish Dip!

Type: Bearish ReversalKey Levels:Resistance: 0.68852Pivot: 0.6859Support: 0.68135Preferred Case:Prices have reached a strong resistance level and are consolidating in a double top. We see the potential for a short pullback from our Pivot at 0.6859 in line with 127.2% Fibonacci extension towards our 1st support at 0.68135 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. RSI is at levels where dips previously happened.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 78.6% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-bearish-dip"
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EURUSD, 4H I Potential For A Drop

Type: Bearish ReversalKey Levels:Resistance: 1.13862Pivot: 1.13593Support: 1.12985Preferred Case:Price is reacting below our pivot level at 1.13593 which is in line with horizontal overlap resistance. Price can potentially drop to 1st support at 1.12985, which is in line with 61.8% Fibonacci retracement level and horizontal swing low support. This is further supported by how price is likely to reverse off the Stochastic resistance level.Alternative Scenario:Alternative Scenario:Alternatively, price may rise up to our 1st resistance at 1.13862, which coincides with 127.2% Fibonacci extension level and horizontal swing high resistance .

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-4h-i-potential-for-a-drop"
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USDJPY, H4 | Bullish Momentum

Type: Bullish BounceKey Levels:Resistance: 115.456Pivot: 115.006Support: 114.702Preferred Case:Prices are on bullish momentum and consolidating in a bullish channel. We see the potential for further bullish continuation from our Pivot at 115.006 in line with 78.6% and 23.6% Fibonacci retracement towards our 1st resistance at 115.456 in line with 100% Fibonacci retracement, 200% Fibonacci Projection and 100% Fibonacci retracement. Ichimoku clouds are showing strong bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 114.702 which is a graphical swing low and also in line with parallel channel.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-momentum3"
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Market Update – January 3 – Front foot for the new year

Welcome to 2022, Evergrande back in the headlines, having defaulted , shares have been suspended, (they fell 90% in 2021) awaiting “inside information”. TESLA beat delivery targets & more woes for the TRY as Inflation hits 19-year highs.

The 2021 close – S&P500 (+27%) , USDIndex +6.3%, 10-yr yields broke 1.5%, Oil & Gas (50% & 48% respectively, Coffee was the best  performing commodity +70%, Gold lost –4%). European Banks gained  +34%, US Treasuries lost -3% and the Chinese Tech & Property sector collapsed. Inflation (US 6.8% EZ 4.9%, UK 5.1% & Japan 0.1%), Energy & Food costs rallied. Crypto’s volatile & surged (BTC +60%), Meme Stocks monstrously volatile (GameStop +700% – as high as +2,500%) & AMC +1200% (up 3200% at one point). NFT’s arrived (Market Cap 2021 – $22Billion+ vs just $100 million in 2020)

• USD (USDIndex 95.90) recovered from 2021 close at 95.50 zone. US stocks dipped into year end,  & Yields also slipped. USOil & Gold both held on to healthy gains.
• US Yields 10 yr traded to 1.51%  
• Equities – USA500 -12.55 (-0.26%) at 4766   NASDAQ -0.61%,  
• USOil – slipped from $76.00 but held onto $75.00 ahead of OPEC+ meeting tomorrow.
• Gold – spiked to $1831 on the weaker USD, and holds at 1825
• Bitcoin down to 47k
• FX markets – EURUSD 1.1340, USDJPY holds over 115.00 & Cable holds over 1.3500.

European Open – The March 10-year Bund future is down -11 ticks, US futures are underperforming, while stock futures are higher in Europe and the US. Large parts of Asia were still on holiday today and in Europe, the U.K. remains shut for the extended New Year holiday. The calendar focuses on final manufacturing PMI readings for the Eurozone, which are not expected to bring major revisions and confirm that virus developments have slowed the pace of expansion.

Today – Final Manu PMI’s from EZ – UK, US & Canada remained closed for New-Year 

Biggest FX Mover @ (07:30 GMT) CADCHF (-0.37%) Rejected rally to 0.7200 yesterday having topped at 0.7180, trades down to 0.7150 now. MAs aligned lower, MACD signal line & histogram lower and now below 0 line. RSI 40.62 and falling, H1 ATR 0.0007 Daily ATR 0.0052.

Click here to access our Economic Calendar

Stuart Cowell

Head Market Analyst

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our written permission.

from HF Analysis /298837/
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Dollar Up, Trade Remains Thin as Key Markets Remain Closed

from Forex News https://www.investing.com/news/forex-news/dollar-up-trade-remains-thin-as-key-markets-remain-closed-2728612
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Factbox-Sudan's Abdalla Hamdok

from Forex News https://www.investing.com/news/forex-news/factboxsudans-abdalla-hamdok-2728560
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Value stocks: when cheaper isn’t cheap enough

Value stocks will probably beat growth stocks in the years ahead, but that won’t necessarily mean high returns, says Cris Sholto Heaton

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/value-investing/604278/value-stocks-when-cheaper-isnt-cheap-enough
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