EURUSD, H4 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 1.0857Pivot: 1.07082Support: 1.05373Preferred Case:On the H4, with price moving above the Ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise to our 1st overlap resistance at 1.0857 where the 61.8% Fibonacci retracement is from our pivot 1.07082, where price has recently bounced off.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.05373 in line with the 23.6% fibonacci retracement.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurusd-h4-or-potential-bullish-continuation30"
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Has the chancellor done enough to save the UK from recession?

UK Chancellor Rishi Sunak announced a new package last week to ease the cost of living crisis. John Stepek explains whether the risk of a UK recession still remains.

from Moneyweek RSS Feed https://moneyweek.com/economy/uk-economy/604918/has-the-chancellor-done-enough-to-save-the-uk-from-recession
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Chase Coleman: star hedgie hits the panic button

Chase Coleman got off to a sizzling start in the hedge-fund industry and became one of the biggest winners of the tech bull market. His fall from grace has been brutal.

from Moneyweek RSS Feed https://moneyweek.com/economy/people/604907/chase-coleman-star-hedgie-hits-the-panic-button
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How the West can win Putin’s war on food

The West could easily make up the shortfall if it let the free market rip, says Matthew Lynn.

from Moneyweek RSS Feed https://moneyweek.com/economy/global-economy/604899/how-to-win-putins-war-on-food
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Weekly Wrap-up with Stuart!

The US advance indicators report revealed a huge April pullback in the goods trade deficit from an all-time wide in March that shattered the prior record in January. We saw a big import drop after an outsized March surge and a big gain for exports, alongside an upside wholesale inventory surprise that more than offset a auto-restrained retail inventory gain. The trade figures faced an energy price pull-back in April after a massive March lift with the war in Ukraine.

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.

from HF Analysis /471972/
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Which companies will lose the most from the energy windfall tax?

The government’s new energy windfall tax has muddied the waters for investors and companies alike. Rupert Hargreaves explains how it might affect some of the sectors’ biggest companies.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/energy-stocks/604916/energy-windfall-tax-winners-and-losers
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WHEAT FUTURES (ZW1!), H1 Potential For Bearish Bounce

Type: Bearish ContinuationKey Levels:Resistance: 1170'2Pivot: 1159'0Support: 1121'4Preferred Case:With RSI moving in a downtrend momentum and price reversing off the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 1121'4 in line with the 78.6% fibonacci projection and horizontal overlap support from our pivot at 1159'0 in line with the horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance at 1170'2 in line with the pullback resistance, 38.2% fibonacci retracement and 61.8% fibonacci retracement .Fundamentals:No Major News

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/wheat-futures-zw1-h1-potential-for-bearish-bounce"
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NIKKEI (OSE:NK2251!), H4 Potential for Bullish Momentum

Type: Bullish MomentumKey Levels:Resistance: 62941Pivot: 62243Support: 61634Preferred Case:On the H4, price is moving above the ichimoku cloud and within the ascending trendline which supports bullish bias that price will rise from our pivot at 26610 in line with the 38.2% fibonacci retracement to the resistance at 27740 in line with the 78.6% fibonacci retracement and swing high. Additionally, the presence of bullish pressure shown on the MACD indicator further supports our bullish bias.Alternative Scenario:Price may reverse and break the pivot and drop to our support level at 25660 in line with the 78.6% fibonacci projection .Fundamentals:No major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-ose-nk2251-h4-potential-for-bullish-momentum"
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AUDUSD, H1 | Potential Bullish Continuation

Type: Bullish BounceKey Levels:Resistance: 0.72627Pivot: 0.70902Support: 0.69503Preferred Case:On the H1, with price moving above the ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72627 where the swing high is from our pivot at 0.70902 in line with the 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price may break support structure and head for 1st support at 0.69503 where the horizontal pullback support and 23.6% Fibonacci retracement are.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-h1-or-potential-bullish-continuation"
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Ocado faces a “crunch” year – should you buy or avoid?

Ocado was one of the big winners from the pandemic as customers moved online. But now it’s struggling, and losses are growing. So, asks Rupert Hargreaves, should you buy Ocado shares or steer clear?

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604913/should-you-buy-ocado-shares
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What to buy as the tech-stock bull market crashes

The decade-long bull market in tech stocks has come to a rapid halt. Investors need to distinguish solid stocks from speculative ones rather than just buying the dip, says Matthew Partridge

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/tech-stocks/604909/what-to-buy-as-the-tech-stock-bull-market-crashes
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Market Update – May 27 – USD 1-month low, Stocks Rally, Yields Ease

USD sinks to 1-month low (USDIndex 101.43) CB easing pressures absorbed, despite GDP slipping to -1.5% from -1.3% & Pending Home sales at -3.9% from -1.6%. Stocks had a very strong day on weaker USD (NASDAQ +2.68%) and Yields slipped. Asian markets followed US lead (Nikkei +0.66%, Hang Seng +2.07%) and European FUTS are higher.  BOJ’s Kuroda & PM Kishida, talk up YEN and want it stabilized and see core CPI at 2% for next 12-months.

• USDIndex sinks further to 4-week lows traes at 101.55. (-1.5% this week, after -1.37% last week)
• Equities – USA500 +79 (1.99%) at 4057, US500FUTS at 4050 now. Discount Retailers lead markets higher on good Earnings – Dollar Tree +21.87%, Macy’s +19%, Dollar General +13% TSLA +7% NVDA +5%
• Yields 10-year yield edged lower to 2.75% at close and trades at  2.76%. now   
• Oil & Gold had mixed sessions – USOil rallied after a cautious week back to test over $114, trades at $13.70 now, Gold is holding over $1850, at  $1854.  
• Bitcoin continues to weaken under $30K – at $28.6k, having touched $27.9k yesterday.
• FX markets – EURUSD up to test 1.0750, breaching 1.0700 again, USDJPY capped  under 127.00, having tested 126.50 Cable to 1.2625, from 1.2540 yesterday.  

Overnight – JPY – Tokyo Core CPI in line, (1.9%) AUD Retail Sales  in line (0.9%)

Today – US PCE Price Index, Personal Income & Consumption, Speech from ECB’s Lane.

Biggest FX Mover @ (06:30 GMT) NZDUSD (+0.51%) gave up yesterday’s declines  to 0.6450 and retook 0.6500 today, trades at 0.6512 16-day high., MAs aligning higher, MACD histogram positive & holds 0 line, RSI 65 & rising, H1 ATR 0.00104, Daily ATR 0.000777.

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.

from HF Analysis /471883/
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Will the rise of ESG investing cause stagflation?

ESG investing is booming. But it may be contributing to today’s stagflation – slower growth and higher inflation – says Tom Traill.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/esg-investing/604904/will-the-rise-of-esg-investing-cause
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Share tips of the week – 27 May

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/604902/share-tips-of-the-week-27-may
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