Bitcoin Trading Flat, but not for Long

As we all know, Christmas and the holiday season make the market especially volatile. So, get ready for different unexpected and illogical market moves.Bitcoin keeps moving in a very narrow range, trying to define the next move. The asset might potentially pull from the resistance at the level of 18350 next to the broken uptrend. So, let’s observe what will happen next.Silver is approaching the resistance at the level of 24.75. The asset might potentially try to either pull back or break the level through. As silver seems to be heading up, it could break this level through. However, it would be wise to check the price movements or the candlestick formations next to this level.The currency pair EUR/USD is forming a pennant after the breakout of the downtrend. It might signify a potential jump. Currently, the asset’s price is testing the level of 1.0600. The currency pair might gain the required support at this level and head up.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-trading-flat-but-not-for-long"
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The Risk of more Downside in USDJPY Remains High on Implications of BOJ Major Policy Shift

FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of Japan delivered a crushing blow to JGB demand resulting in a massive dump of Japanese bonds by investors. In turn, this effect caused the yen to strengthen by more than 4% against the dollar. Today, the speculative demand for the yen declined and USDJPY rebounded from 130.50 to 132.5. Nevertheless, the risk of a new decline remains high for the simple reason that the policy of the Bank of Japan has the groundwork for a radical change, namely the transition to the gradual withdrawal of monetary stimulus. The current rebound may run out of steam at the level of 1.33-1.3350, after which a downside may resume:The Conference Board releases the US consumer confidence data today, also the report on existing home sales is due.The US data calendar for the second half of the week includes Personal Income, Personal Goods and Durable Goods Orders for November (December 23), and the Dallas and Richmond Fed Manufacturing indices for December 27-28. There are currently no scheduled speeches by Fed officials until the release of the Fed minutes on Jan. 4. However, it is unlikely that this data will induce major moves in the low-volatility environment during the holiday period. Current major drivers of sentiment will likely be news from China and about the energy crisis. In China, a growing number of anecdotal reports suggest that the actual death toll could be significantly higher than reported: if supported by more evidence, markets may increasingly doubt the sustainability of China's COVID-19 zero exit path with negative implications for yuan, Asian EMFX and currencies sensitive to the global business cycle. On the energy side, a potential Russian response to EU gas price caps, a possible re-escalation of the conflict in Ukraine, and news about the weather (which has been a key driver of gas prices recently) could have implications for the foreign exchange market. From this point of view, European currencies continue to look quite vulnerable. The dollar index is likely to close the year at current levels. In line with its seasonal trend, December was a weak month for the dollar. However, already in January, seasonality can become a positive factor for the dollar as the US currency rallied in January during the four previous years.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/the-risk-of-more-downside-in-usdjpy-remains-high-on-implications-of-boj-major-policy-shift"
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S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bearish Drop

Type: Bearish DropKey Levels:Resistance:4049.00Pivot:3914.00Support:3757.50 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 3757.50, where the 161.8% Fibonacci line is.Alternative Scenario:Price could head back up to retest the pivot at 3914.00, where the previous swing low is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-500-e-mini-futures-es1-h4-potential-for-bearish-drop21"
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7 cheap investment trusts to buy

Max King takes a look at six cheap investment trusts to buy today after what has been a terrible year for the sector.

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Daily Market Outlook, December 21, 2022

Daily Market Outlook, December 21, 2022 The Bank of Japan's surprise announcement regarding a modification in its yield curve control policy, by widening its 10-year target to a plus or minus 0.5% versus its prior plus or minus 0.25%, has left markets grappling with the implications as the global anchor of rates is finally lifted, market participants believe that this is likely the first salvo in a significant regime shift that will unfold in 2023, this belief is contrary to the BoJ's official stance but nevertheless as is often the case once markets sense weakness or a shift in policy stance they will seek to test the position, with some major hedge funds already openly discussing plans to build positions in the Japanese Yen to take advantage of the potential for future announcements, given the sizeable moves already witnessed in favoured carry trade positions in the likes of AUDJPY and NZDJPY which have already seen reversals of just under 5%.  The BoJ move had initially pressured global risk sentiment with equity markets responding negatively to the last bastion of easy monetary policy seemingly giving way, however, a reversal in sentiment developed during yesterday's European and US sessions as dwindling liquidity and positive comments from FEDEX sparked the fuse for a short covering rally, with the benchmark SP500 snapping a four-day losing streak, this reversal in risk sentiment has carried into Asian trade overnight, with most Asian markets posting positive returns on the day, even the Nikkei managed to stabilise losses showing only marginal decline on the day. European markets are set to open with a positive tone this morning, investors will be hoping for no further 'tape bombs' for the remainder of the week as holiday-thinned trading conditions start to set in and investors hope for a Santa rally, the Scrooge's amongst market participants are starting to opine on what was going on behind the scenes at the BoJ that meant they needed to make this historical policy announcement the week before Christmas?Overnight HeadlinesUS Target China Potential Chip Star With New RestrictionsUS Hopes To See China Defeat Current Covid-19 OutbreakUS Senate Advance $1.66 Trillion Government-Funding BillBeijing Braces For Cases Surge, World Watches In ConcernJapan Warns Of Covid Situation, Cuts Factory Output ViewGoldman: BoJ Could Remove Negative Interest Rates NextUK Business Confidence Sees Best Rebound Since April 21Zelenskiy Plans To Address Congress In-Person WednesdayOil Holds Two-Day Gain On Stockpile Decline, Supply RisksTC Energy Delays Full Keystone Pipeline Restart Next WeekFedEx Profit Top As Higher Prices Offset Shipments DeclineNike Beats Estimates As Boosted By Discounts, PromotionsFX Options Expiring 10am New York CutEUR/USD: 1.0400-10 (890M), 1.0500 (272M), 1.0700 (258M)USD/CHF: 0.9300 (1.0BLN). EUR/CHF: 0.9800 (274M)AUD/USD: 0.6655 (207M), 0.6900 (867M)USD/CAD: 1.3485 (250M)Technical & Trade ViewsSP500 Bias: Bullish Above Bearish Below 3900Primary support is 3900Primary downside objective is 3700Above 3950 opens a test of 400020 Day VWAP bearish, 5 Day VWAP bearishEURUSD Bias: Bullish Above Bearish below 1.0650Primary resistance is 1.0650Primary downside objective is 1.0450Above 1.0680 opens a test of 1.073520 Day VWAP bullish, 5 Day VWAP bullishGBPUSD Bias: Bullish Above Bearish below 1.2250Primary resistance is 1.2250Primary downside objective 1.20Above 1.2275 opens a test of 1.234020 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Bullish above Bearish Below 132.50Primary resistance is 132.50Primary downside objective is 130Above 133 opens a test of 133.6020 Day VWAP bearish, 5 Day VWAP bearishAUDUSD Bias: Bullish Above Bearish below .6740Primary resistance is .6740Primary downside objective is .6535Above .6775 opens a test of .689020 Day VWAP bearish, 5 Day VWAP bearishBTCUSD Bias: Intraday Bullish Above Bearish below 16200Intraday 16200 is primary supportPrimary upside objective is 17200Failure at 16000 opens a test of 1550020 Day VWAP bearish, 5 Day VWAP bearish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-december-21-2022"
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What you need to think about before dipping into your investments

With the costs of living affecting everyone right now, it’s understandable that you may want to dip into your investments. But before you do, here’s what to think about when taking money out of your investment portfolio.

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/605614/dipping-into-your-investments
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Market Spotlight: BOJ Paving Way For Policy Normalisation?

JPY Well Bid Following BOJThe Japanese Yen is surging higher across the board today on the back of a surprising tweaking of the BOJ’s yield curve target rate. At the December meeting overnight, the BOJ widened the band by 0.25%. JGB yields will now be allowed to trade as higher as 0.5% with many in the market viewing this adjustment as paving the way for upcoming policy normalisation.Ahead of the meeting, not one of the 47 economists polled by Bloomberg anticipated the adjustment, well-explaining the huge moves we’ve seen across the FX space. However, Kuroda was keen to insist that the move didn’t amount to a rate. At the press conference Kuroda explained “This isn’t a rate hike… Although today’s measures will widen the yield band, we believe that the effects of monetary easing, starting with yield curve control, will spread more smoothly through corporate finance and other means as a result.”BOJ Policy Normalisation Coming?Interestingly, this action comes on the back of reports over the weekend suggesting the government is considering revising its 10 year-old inflation accord with the BOJ to allow for more flexibility. Clearly, it seems the tide is starting to turn and as many other central banks pivot or begin to think about pivot on tightening, the prospect of BOJ policy normalisation holds the power to drive further seismic shifts in FX prices.Technical ViewsUSDJPYThe reversal lower in USDJPY has seen the market breaking down through the rising channel and through the last key support at the 139.33 level. Price is now testing the 131.36 level support and, with momentum studies bearish and the retail market heavily long, the focus is on a continuation lower near-term. Below the 131.36 level 126.93 is the next support to note.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-boj-paving-way-for-policy-normalisation"
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What does the next decade have in store for investors?

Investors face a “sea change” in the investment environment. Dominic Frisby explains what this could mean for your money.

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Technical Trade Set Ups For USDJPY, Apple & Amazon

Technical Trade Set Ups For USDJPY, Apple & Amazon

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/technical-trade-set-ups-for-usdjpy-apple-and-amazon"
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Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise

Type: Bullish RiseKey Levels:Resistance:2569Pivot:2422Support:2470Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the previous swing high is.Alternative Scenario:Price may break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cocoa-futures-cc1-h4-potential-for-bullish-rise20"
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The IndeX Files 20-12-2022

Equities Plunging Ahead of Christmas As Recession Fears Weigh Global equities benchmarks are trading with a heavy tone today as risk markets remain under pressure across early European trading on Tuesday. The driver appears to be the renewed focus being put on global recession risks on the back of last week’s slew of central bank tightening and the shocking miss in US retail sales. The pre-holiday season is typically a time of high demand across both the retail, hospitality and travel sectors. However, On the back of many US firms warning of weaker outlooks for the Q4 period, November’s dismal US retail reading has been taken as evidence of much weaker performance.These fears are echoed in the UK where a recent spate of industrial action as well as a fresh surge in covid cases and a surprise cold-snap have hampered pre-Christmas trading across many sectors. On the back of the BOE’s warning that the UK is staring down the barrel of a length recession across next year, equities sentiment is understandably strained currently.News of surging covid cases in China is also dampening risk sentiment this week. While traders have recently been looking ahead to a potential Q1 or sooner reopening of the economy, a surging death toll and infection rate is adding to uncertainty this week with traders fearing a U-turn on the recent easing of some covid restrictions by the Chinese government.Technical ViewsDAXThe latest failure at the test of the 14703.98 level has seen the market reversing lower, breaking back under 14170.79. The big test now will be the 13672.31 level. If price can hold here, the focus will remain on a further push higher. However, a break here opens the way for much deeper levels near-term.S&P 500The failure at 4153.50 has seen the market reversing lower and trading back below the 3910 level. With momentum studies bearish, the focus is on a continued push lower with the 3647 level the deeper support to monitor.FTSEThe failure at 7575.8 has seen the market turning lower and breaking back under the 7362.8 level. With momentum studies bearish, the focus is on further downside while the market holds below that level with 7213.9 the next support zone to note.NikkeiThe failure at the 28356.6 level has seen market breaking sharply lower, trading back under the 27422.9 level and down through the rising trend line. Price is currently holding on support at the 26246 level and looks vulnerable to a deeper push towards 25500.5 next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/the-index-files-20-12-2022"
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Daily Market Outlook, December 20, 2022

Daily Market Outlook, December 20, 2022 As suggested by wire reports yesterday, the Bank of Japan has confirmed overnight that they will loosen their yield curve control policy, increasing its tolerance band to 0.5%, the confirmation saw the 10-year yield surge to test its ceiling level which added support to the Japanese yen, the move in Japanese government bonds was sufficiently volatile to trigger circuit breaker protection, with the benchmark Nikkei225 currently trading down just under 3%. This move marks the end of the stalwart of easy monetary policy, the BoJ had refrained all year from joining other G7 central banks in tightening monetary conditions, and investors are faced with a new year of broadly tightening financial conditions across all developed markets.  With Asian equity markets retreating in unison with the Nikkei, European bourses are poised for a soggy start to trading, a lack of tier-one data catalysts and declining liquidity in the final full trading week of the year is likely to see a continuation in the softness in risk sentiment, the Euro Stoxx 50 futures printed one-month lows before the open, with the DAX & FTSE futures all pointing to losses of just under 1%. Overnight HeadlinesBoJ Allows Yields To Rise More In Surprise Tweak To PolicyChina Keeps Loan Rates Unchanged, Cut Seen In Next YearChina’s Covid Outbreak Has US Worried Over New VariantsNorth Korea Slams Japan’s Security As Vows CounteractionRBA Considered Pausing Hikes In Dec, Still See More AheadECB’s Nagel: Still ‘Long Way’ From Achieving Inflation GoalUK Lords Warn Labour Shortages Shape Of Things To ComeUK Extend Mortgage-Guarantee Program To Boost HousingYen Jumps To 4-Month Peak Post Hawkish BoJ Policy TweakFX Options Expiring 10am New York CutEUR/USD: 1.0400 (225M), 1.0695-05 (955M)USD/JPY: 132.45-50 (404M), 135.50 (312M)EUR/CHF: 0.9975 (652M)AUD/USD: 0.6505 (622M), 0.6535 (374M)0.6640-50 (396M), 0.6725 (387M), 0.6900 (569M)USD/CAD: 1.3450 (200M),Technical & Trade ViewsSP500 Bias: Bullish Above Bearish Below 3900Primary resistance is 3900Primary downside objective is 3700Above 3950 opens a test of 400020 Day VWAP bearish, 5 Day VWAP bearishEURUSD Bias: Bullish Above Bearish below 1.0550Primary resistance is 1.0650Primary downside objective is 1.0450Above 1.0680 opens a test of 1.073520 Day VWAP bullish, 5 Day VWAP bullishGBPUSD Bias: Bullish Above Bearish below 1.2250Primary resistance is 1.2250Primary downside objective 1.20Above 1.2275 opens a test of 1.234020 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Bullish above Bearish Below 134.50132 Target Achieved, New Pattern EmergingPrimary resistance is 134.50Primary downside objective is 130Above 135 opens a test of 136.4020 Day VWAP bearish, 5 Day VWAP bearishAUDUSD Bias: Bullish Above Bearish below .6740Primary resistance is .6740Primary downside objective is .6535Above .6775 opens a test of .689020 Day VWAP bearish, 5 Day VWAP bearishBTCUSD Bias: Intraday Bullish Above Bearish below 16200Intraday 16200 is primary supportPrimary upside objective is 17200Failure at 16000 opens a test of 1550020 Day VWAP bearish, 5 Day VWAP bearish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-december-20-2022"
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Technical Trade Set Ups For SP500, DXY & AUDUSD

Technical Trade Set Ups For SP500, DXY & AUDUSD

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/technical-trade-set-ups-for-sp500-dxy-and-audusd"
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Is it a good time to invest in property?

Property has always been an attractive sector for investors, but with market turmoil and a potential house price crash, we look whether now is a good time to invest in property.

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