CRUDE OIL FUTURES (CL1!), H1 Potential For Bullish Momentum

Type: Bullish RiseKey Levels:Resistance: 9999Pivot: 9410Support: 9124Preferred Case:On the H1, price is moving above the ichimoku cloud and within the ascending channel which supports our bullish bias that price will rise from the pivot at 9410 where the swing low support and 23.6% fibonacci retracement are to the 1st resistance at 9999 in line with the swing high resistance and 161.8% fibonacci extension .Alternative Scenario:Alternatively, price may break pivot structure and drop to the 1st support at 9124 in line with the overlap support, 23.6% fibonacci retracement and 50% fibonacci retracement .Fundamentals:The worries over a recession in the US and the ongoing Covid-19 situation in China are likely to balance the supply-side constraints faced by oil producers, resulting in a mixed bias for crude oil .

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/crude-oil-futures-cl1-h1-potential-for-bullish-momentum14"
via IFTTT

COFFEE C FUTURES, H4 Potential For Bearish Momentum

Type: Bearish MomentumKey Levels:Resistance: 235.2Pivot: 225.25Support: 211. 40Preferred Case:On the H1, with price moving below the ichimoku indicator and along the descending trendline, we have a bearish bias that price will drop from our pivot at 225.25 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 211. 40 in line with the 161.80% fibonacci extension and swing low support.Alternative Scenario:Alternatively, price may break the pivot structure and rise to the 1st resistance at 235.2 in line with the swing high resistance, 100% fibonacci projection and 78.6% fibonacci retracement .Fundamentals:Since both countries, Russia and Ukraine, are major exporter of agriculture goods and their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for coffee .

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/coffee-c-futures-h4-potential-for-bearish-momentum"
via IFTTT

Investing for income? Here are six investment trusts to buy now

For many savers and investors, income is getting hard to find. But it's not impossible to find, says Merryn Somerset Webb. Here, she picks six investment trusts that are currently yielding more than 4%.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604973/investing-for-income-six-investment-trusts-to-buy
via IFTTT

Market Spotlight: Bitcoin Hits Lowest Levels Since Dec' 2020

Bitcoin On The Ropes The collapse in Bitcoin has seen the market trading down to it slowest level since December 2020 this week. Firmly hawkish Fed expectations and a resurgent US Dollar have seen risk assets crumbling recently. Bitcoin is now trading down around 70% from the all-time-highs printed last year and has fallen by over 50% this year alone. With cryptos under massive pressure amidst the rout in tech stocks and the exodus from crypto being seen among the retail market, the near-term outlook is highly precarious. The upcoming FOMC meeting this week will be make or break for Bitcoin. If the Fed hikes by more than expected or is more hawkish in its forward guidance than expected, USD will see fresh highs once again and risk assets, including cryptos will plunge further. Only a materially dovish surprise, such as the Fed signalling plans to pause rate-hike after July, will help reverse the current dynamic.Technical ViewsBTCThe sell-off in bitcoin has seen the market trading back down to test the bottom of the large falling wedge patten and the 20575 support level. Given the bullish reversal nature of the pattern, an upside move can still materialise while the current lows hold. Bulls need to see a quick break above 30175 to remove immediate downside pressure, however.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-bitcoin-hits-lowest-levels-since-dec-2020"
via IFTTT

Investors are starting to panic – resist joining in

Markets are falling hard as investors take fright. But whatever you do, says John Stepek, don’t panic. Keep your head and prepare for the opportunities that will eventually arise.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/604977/bear-market-panic
via IFTTT

Britain’s ten most-hated shares – 10 June

Rupert Hargreaves looks at Britain's ten-most hated shares, and what short-sellers are looking right now.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/604737/britains-ten-most-hated-shares
via IFTTT

NIKKEI 225 INDEX, H4 Potential for Bearish Momentum

Type: Bearish MomentumKey Levels:Resistance: 28330Pivot: 27390Support: 260780Preferred Case:On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will continue to drop from the pivot at 27390 at the overlap resistance in line with the 61.8% fibonacci retracement to the 1st support at 260780 in line with the swing low and 78.6% fibonacci projection.Alternative Scenario:Alternatively, price may reverse off the pivot and rise to the 1st resistance at 28330 in line with the multiple swing highs.Fundamentals:No major news

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nikkei-225-index-h4-potential-for-bearish-momentum"
via IFTTT

BAE Systems: a stock to tuck away for uncertain times

BAE Systems is the largest defence contractor in the UK. With governments around the world increasing their defence spending, it’s a stock well worth considering, says Rupert Hargreaves.

from Moneyweek RSS Feed https://moneyweek.com/investments/stocks-and-shares/share-tips/604972/bae-systems-a-stock-to-tuck-away-for-uncertain
via IFTTT

Why you should consider abandoning your cash Isa

Standard savings accounts are paying better rates than their tax-free cash Isa counterparts, says Ruth Jackson-Kirby.

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/savings/isas/cash-isas/604971/why-you-should-consider-abandoning-your-cash-isa
via IFTTT

Protecting your wealth from inflation won’t be easy – here’s what to do

US inflation hit a fresh 40-year high last week. That sent markets into a spin over fears of interest rates rising more quickly than expected. John Stepek explains what you should do to protect your wealth.

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/604970/protecting-your-wealth-from-inflation
via IFTTT

Market Spotlight: Coinbase Shares On Cliff Edge

Coinbase CEP Hits OutShares in US crypto-broke Coinbase are heading lower once again this week. The company’s stock has bene in freefall this year amidst the broader rout in tech stocks as well as the specific losses suffered in the crypto space which have seen a high level of clients exiting coinbase. The company recently reported worse-than-expected Q1 earnings, fuelled in large part by the dismal performance in cryptos this year.As a result of recent poor performance, Coinbase recently announced it would be extending its pause on hiring for new and backfill positions. This week, Coinbase founder and CEO Brian Armstrong has drawn fresh scorn over a tweet sent out, aimed at Coinbase employees, which told them to leave and find a company they believe in if they were not happy.Coinbase employees have now started an online petition to file a vote of no confidence against several high-ranking CEO executives, calling for their removal. With the company culture in clear disarray and with the crypto space taking a fresh plunge lower this week following strong US CPI last week, near-term expectations are poor for Coinbase.Technical ViewsCoinbaseThe recent bounce off the 49.52 lows saw Coinbase fail to even make it as high as a test of the bear channel top. With price recently coming back under pressure, the focus is now on a break of the current lows and a continuation of the bear channel. A break through lows should see momentum studies flipping bearish, adding further pressure.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-coinbase-shares-on-cliff-edge"
via IFTTT

GC1!, H4 | Potential Bullish Momentum

Type: Bullish BounceKey Levels:Resistance: 1902.6Pivot: 1857.9Support: 1830.2Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from the pivot at 1857.9 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at 1902.6 in line with the 78.6% fibonacci projection and 50% fibonacci retracement.Alternative Scenario:Alternatively, price could break the support at the pivot and drop to 1st support at 1830.2 in line with the 78.6% fibonacci projection and overlap support.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gc1-h4-or-potential-bullish-momentum"
via IFTTT

GBPNZD, H4 | Potential Bullish Momentum

Type: Bullish BounceKey Levels:Resistance: 1.95659Pivot: 1.93528Support: 1.92854Preferred Case:On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 1.93528 where the horizontal swing low support and 78.6% fibonacci projection are to our 1st resistance at 1.95659 in line with the swing high resistance and 78.6% fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and we can expect the bearish momentum to carry price to 1st support at 1.92854 in line with overlap support and 100% fibonacci projection.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpnzd-h4-or-potential-bullish-momentum13"
via IFTTT

Investment Bank Outlook 13-06-2022

Credit AgricoleAsia overnightIt was risk-off trading to start the week with investors having to contend with higher UST yields post the upside surprise in US inflation on Friday as well as the resumption of mass Covid testing in Beijing and Shanghai. The latter is raising concerns of another round of lockdowns. The UST curve has begun to invert with the 2s10s spread just holding above zero and the 5s30s spread turning negative for the first time since April. UST yield curve inversion reflects investors’ rising concerns about a US recession. At the time of writing, all Asian bourses as well as S&P500 futures were trading lower. In G10 FX, higher UST yields and risk-off trading led to USD outperformance with the NOK, AUD and JPY weakening the most against the USD during the Asian session. USD/JPY broke 135. The EUR largely shrugged off the outcome of the first round of the French parliamentary elections, as the first estimations put President Emmanuel Macron’s coalition well ahead of the left/far-left group in the number of expected seats, although still possibly falling short of securing an absolute majority on Sunday. Even in the case of a minority government for Macron’s coalition, the EUR should not be too underwhelmed.CitiEuropean OpenMarkets in Asia were buffeted by shockwaves from last Friday’s US CPI. Equities and high beta currencies ticked lower, while JPY suffered from widening rate differentials. US yields flattened further, led by the front end as Fed pricing continues to firm. China over the weekend saw more signs of its reopening stalling over virus concerns, and iron ore plunged in Singapore over this. Closer to the European Open, we note that the BoJ announced additions to the auction schedule of buys of JGB.Looking ahead, USD sees Brainard speak, although given the topic, headline risk is low. GBP will see monthly GDP and trade balance figures, EUR awaits a lineup of ECB speakers, with focus on any indications of a new fragmentation tool. TRY sees current account balance figures, PLN notes trade balance details and India awaits CPI.What happened in markets?G10 FX saw dollar reign as king yet again post the CPI print last Friday. High Beta currencies took most of the drubbing, with NOK down 0.73%, AUD -0.55%. JPY was also a big loser as widening yield differentials hit hard, down 0.52%.Equities continued their slide lower. S&P eminis were down 1.33% while Nasdaq100 futures were down 1.86%. Kospi and HSI were hit hard as well, down 3.21% and 2.81% respectively.Commodities: Oil prices have opened lower with Brent and WTI down around 1.5%, although given volatility, we do not read too much into it. Instead, we flag Citi Energy Futures Specialist Tim Evans’ Energy Futures - Weekly Overview for a full overview of the energy markets.Rates: US 2-3y yields are higher by another 10bps as Fed rate hike pricing continues to firm. March 2023 Eurodollar futures have sold off 20 ticks form the close, with Libor now implied >4% by middle of next week, a new hawkish extreme peak in hike pricing. More in March 2023 USD Libor implied >4%, FX FWDs on the move

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/investment-bank-outlook-13-06-2022"
via IFTTT