USDJPY, H4 | Potential for Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 128.11Pivot: 127.65Support: 127.009Preferred Case:On the H4, with price moving below the Ichimoku cloud and the stochastic indicator moving in a downtrend channel, we have a bearish bias that prices will drop to our 1st support at 127.009 where the overlap support is from our pivot at 127.65 in line with horizontal overlap resistance and 23.6% Fibonacci retracementAlternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 128.11 where the horizontal overlap resistance, 38.2% Fibonacci retracement and 38.2% Fibonacci retracement are.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bearish-continuation"
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AUDUSD, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 0.72608Pivot: 0.7051Support: 0.69483Preferred Case:On the H4, with price moving above the Ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 0.72608 where the 50% Fibonacci retracement is from our pivot at 0.7051 in line with the horizontal overlap support and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 0.69483 where the horizontal swing low support and 61.8% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h4-or-potential-bullish-continuation"
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Wall Street’s sell-off has further to go

The current stockmarket sell-off has been led by tech stocks, but the pain is spreading. The bear market has further to go – US stocks are still expensive, and investors must be wary of relief rallies.

from Moneyweek RSS Feed https://moneyweek.com/investments/stockmarkets/us-stockmarkets/604905/wall-streets-sell-off-has-further-to-go
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China’s zero-Covid labyrinth

China’s zero-Covid policy will lead to an “extended period of sub-par growth” as constant lockdowns constrict its economy.

from Moneyweek RSS Feed https://moneyweek.com/investments/stockmarkets/china-stockmarkets/604903/chinas-zero-covid-labyrinth
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Marks & Spencer shares look cheap – should you buy in?

Marks & Spencer shares have been a disappointment for investors for two decades. But with the company now on something of a comeback, Rupert Hargreaves asks if it is worth buying in.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/retail-stocks/604901/marks-spencer-shares-look-cheap-should-you-buy
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S&P500, H4 | Potential Bullish Continuation

Type: Bullish BreakoutKey Levels:Resistance: 4301.57Pivot: 4080.88Support: 3812.69Preferred Case:On the H4, with MACD indicating a green bullish area, it supports our bullish bias that price will rise from our pivot at 4080.88 in line with 38.2% Fibonacci retracement and horizontal overlap resistance, to our 1st resistance at 4301.57 in line with the 61.8% Fibonacci retracement.Alternative Scenario:Price may reverse and approach 1st support at 3812.69 in line with the 61.8% Fibonacci projection and swing low.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p500-h4-or-potential-bullish-continuation"
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USDJPY, H4 | Potential Bearish Continuation

Type: Bearish ReversalKey Levels:Resistance: 128.011Pivot: 127.083Support: 126.152Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 126.152 where our horizontal pullback support, 78.6% Fibonacci projection and 100% Fibonacci projection are at froour pivot at 127.083 in line with horizontal overlap resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for the 1st resistance at 128.011 in line with the horizontal overlap resistance and 38.2% Fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-bearish-continuation25"
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GC1!, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 1884.9Pivot: 1851.9Support: 1831.6Preferred Case:On the H4, with prices moving above the Ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1851.9 where the horizontal overlap support is to our 1st resistance at 1884.9 in line with the 78.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1831.6 where the horizontal overlap support, 38.2% Fibonacci retracement and 61.8% Fibonacci projection are.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bullish-continuation"
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NZDUSD, H4 | Potential Bullish Continuation25

Type: Bullish BounceKey Levels:Resistance: 0.65453Pivot: 0.64101Support: 0.62898Preferred Case:On the H4, with price moving above the Ichimoku cloud and price breakout from the descending trendline, we have a bullish bias that price will rise to our 1st resistance at 0.65453 where the 38.2% Fibonacci retracement and horizontal swing high resistance are from our pivot at 0.64101 in line with the overlap support. Take note of intermediary support at 0.63663 where the overlap support is.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 0.62898 where the swing low support is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-h4-or-potential-bullish-continuation25"
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Market Update – May 25 – Stocks Volatile, USD stable, NZD Surges

USD slipped again, but is  stable today (USDIndex 102.00), weak global PMI data & US data missed and Powell added to rate hike expectations meant Stocks had another volatile session (SNAP lost -43%, and other big tech stocks hit NASDAQ -2.35%) Yields down as treasuries firmed. Asian markets mixed (Nikkei -0.26%) RBNZ raised by 50bps & Gov. Orr had more hawkish outlook than expected (rates to 4%?) NZD surged. NK tested a range of missiles as Biden left Asia, Zelenskiy says Bombas situation critical,

• USDIndex down to 101.64 yesterday back to 102.00 
• Equities – USA500 -32 (0.81%) at 3941, US500FUTS at 3962 now. Snap lead some huge declines .
• Yields down, 10-yr closed at 2.76%, now 2.77%   
• Oil & Gold both had positive sessions – USOil back up  to test $111 Gold holds $1860 today, down from $1870.  
• Bitcoin rotates through $30K – but under today at 29.8k.
• FX markets – EURUSD up to test 1.0750, holds 1.0700, USDJPY down to 127.00, Cable up to 1.2540.  NZD off 5-week low at 0.6515

Overnight – Hawkish RBNZ, German Gfk missed, French Consumer Confidence missed.

Today – US Durable Goods, FOMC Minutes, ECB Financial Stability Review, Speeches from ECB’s Lagarde, Lane, Panetta, Fed’s Brainard

Biggest FX Mover @ (06:30 GMT) EURNZD (-1.02%) Tanked from 1.6650 to 1.6425 on Hawkish RBNZ. MAs aligning lower, MACD histogram turned negative crashing signal line  RSI 29, OS & falling, H1 ATR 0.0043, Daily ATR 0.01413.

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 distribution.

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Flexible working: don't rush your staff back the office

The government is urging people to get back to the office. But there are good reasons for many small businesses to embrace flexible working.

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Four high-quality US stocks to give shelter from the storm

Professional investor Timothy Parton of the JPMorgan American Investment Trust picks four solid US stocks to buy now.

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Three undervalued mid-cap stocks with attractive prospects

Professional investor Katen Patel of the JPMorgan Mid Cap Investment Trust picks three fast-growing mid-cap stocks to buy now.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604836/three-undervalued-mid-cap-stocks-with-attractive
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Gold (GOLD1!), H1 Potential For Bullish Bounce

Type: Bullish BounceKey Levels:Resistance: 51260Pivot: 50862Support: 50579Preferred Case:With prices moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 51260 in line with the 127.2% Fibonacci extension and overlap resistance from our pivot of 50862 in line with the 23.6% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 50579 in line with the horizontal overlap support and 38.2% fibonacci retracement .Fundamentals:Due to increasing inflation rates in both the US and UK, we have a bullish view on the precious metal.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gold-gold1-h1-potential-for-bullish-bounce24"
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