CHFJPY Potential for Bullish Rise towards overlap resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleCHFJPY Potential for Bullish Rise towards overlap resistanceTypeBullish BreakoutPreference:Looking at the H4 chart, my overall bias for CHFJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.If price breaks this level, we can likely see price pivot towards the overlap resistance. The support is where the overlap support is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/chfjpy-potential-for-bullish-rise-towards-overlap-resistance"
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Is it a good time to buy an annuity as rates hit a 14-year high?

Average annual annuity income has risen by almost £700 over the past 12 months. We look at whether now is a good time to buy an annuity

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/pensions/605406/buy-an-annuity
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Daily Technical Trade Set Ups for Cardano, Bitcoin & Litecoin

Daily Technical Trade Set Ups for Cardano, Bitcoin & LitecoinTo access today's actionable analysis, click here!

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Halifax: UK house prices tread water as mortgage costs rise

Halifax’s latest house price index shows the average house price has remained largely unchanged from December.

from Moneyweek RSS Feed https://moneyweek.com/investments/property/house-prices/605681/halifax-uk-house-prices-tread-water-as-mortgage-costs-rise
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Market Spotlight: BP Outlines Strategy Shift Following Record profits

Record Profits Shares in oil giant BP are trading higher across the European morning today on the back of a stellar set of earnings. The group posted Q4 EPS of $21.95, just a touch under the $22.90 the market was looking for. However, revenues were seen higher than forecasts at $5.75 trillion vs $4.59 trillion expected. On the year as whole, BP posted record profits of $27.65 billion, its highest returns in 14 years. As a result of these gains BP announced a 10& increase in the dividend along with a $2.75 billion share buyback.Increased Taxation Record profits from energy companies have drawn plenty of criticism given the cost-of-living crisis in the UK. Last year, the government announced a new windfall profits tax on energy firms making excess profits from the spike in energy prices seen in response to the Russian invasion of Ukraine. BP noted that it will pay around $2.2 billion in UK tax with around a third of that satisfying the government’s new energy tax.Green Strategy in QuestionThe spike in profits appears to have impacted the group’s outlook and strategy. Looking ahead, BP noted that it will not be looking to reduce fossil fuel output by 2030 by as much as expected. BP had been among the first energy giants to announce a shift towards greener energy, outlining plans to cut emission by 50% by 2050. However, it now said it will target a 20-30% reduction, citing the need to keep up with global demand for fossil fuels.Technical ViewsBPFor now, BP shares continue to hold in range between the 456.80 level support and the 504.45 resistance, underpinned by the local rising trend line. In line with the broader bull trend, the focus is on a n eventual break higher while price holds above the support level. However, bearish divergence on momentum studies is worth keeping an eye on. Any downside break of 456.80 opens the way fo r a test of 421.05 next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-bp-outlines-strategy-shift-following-record-profits"
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Daily Market Outlook, February 7, 2023

Daily Market Outlook, February 7, 2023Powell’s Speech The Highlight of The Day, First Post Payrolls Remarks“Asian equities traded with mixed tone overnight following on from a very quiet session on Wall Street, as investors were reluctant to extend risk ahead of a speech by Fed Chair Powell, who addresses the Economic Club of Washington later today, investors will parse Powell’s comments for his read on the red hot jobs data in the US Friday, these come in light of lasts weeks post rate announcement press conference when markets believed the Fed Chair gave the first clear acknowledgement of the start of the disinflationary process in play, however, the employment data on Friday has pushed market pricing in favour of further rate hikes given the continued tightness in the US labour market.  Overnight the Australian central bank raised rate again and confirmed they expected further hikes to follow given the re-emergence of inflationary pressure in the economy, this move comes as markets were starting to reprice lower rates down under before inflation data came in hotter than expected, leading investors to consider inflationary pressures returning on a global scale, Fed’s Bostic’s remarks overnight supported this view suggesting that employment data could lead to a higher terminal rate stateside European bourses are taking the soft handover from Asian markets with the EuroStoxx CAC and Dax trading lower, the stand out performer is the FTSE being supported by record earnings from BP this morning, who announced a £2.7Bln stock buyback programme. In the foreign exchange markets the unwind in Dollar weakness is attracting attention, with investors piling into Dollar call options and increasing bets on a return to EUR & GBP weakness, notably €500million trading on a nine month 0.9500 USD call structure ”FX Options Expiration New York CutEURUSD 1.0600 (726mln), 1.0845 (336mln)Overnight News of NoteAsian Share Markets Stabilised Somewhat On Tuesday Ahead Of PowellAussie Extends Gain After RBA Hikes Rates, Signals More To ComeRBA Raises Rates To 10-Year High, Says More Hikes AheadRBA: Path To Achieving A Soft Landing Remains A Narrow OneFed’s Bostic Says Higher Peak Rate on Table After Jobs BlowoutChina's Yuan Off One-Month Low On Signs Of De-Escalation In Sino-U.S. TensionsJapan's December Nominal Wages Rise 4.8%, Most Since 1997Australia Records Its Fifth Straight Year Of Trade Surpluses In 2022BoE Officials Say Brexit Fuelling Inflation, Driving Up RatesOil Extends Gain As Saudi Arabia Bets On Demand Rebound In AsiaNYSE Plans To Pay In Full 60% Of Claims Submitted After Glitch(Sourced from Bloomberg, Reuters and other reliable financial news outlets)Technical & Trade ViewsSP500 Bias: Intraday Bullish Above Bearish Below 4070Primary support is 3990Primary objective is 4384Below 4050 opens 402020 Day VWAP bullish, 5 Day VWAP bearishEURUSD Bias: Intraday Bullish Above Bearish below 1.0610Primary support  is 1.0610Primary objective is 1.11Below 1.0585 opens 1.050020 Day VWAP bearish, 5 Day VWAP bearishGBPUSD Bias: Intraday Bullish Above Bearish below 1.21Primary support  is 1.21Primary objective 1.1840Above 1.2165 opens 1.226020 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Intraday Bullish above Bearish Below 131Primary support  is 131Primary objective is 134.70Below 130.80 opens 130.1120 Day VWAP bullish, 5 Day VWAP bullishAUDUSD Bias: Intraday Bullish Above Bearish below .7050Primary resistance is .7050Primary objective is .6750Above .7150 opens .725020 Day VWAP bearish, 5 Day bearish VWAPBTCUSD Intraday Bias: Bullish Above Bearish below 23200Primary support 22200Primary objective is 25000Below 21000 opens 2030020 Day VWAP bullish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-february-7-2023"
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The IndeX Files 07-02-2023

Equities Under Pressure From Resurgent USDIt’s been a difficult start to the week for global equities benchmarks. Leading indices have come under pressure on the back of Friday’s US jobs data which has fuelled a shift in Fed expectations, leading to a stronger US Dollar. Friday’s data saw the headline NFP print coming in at 517k, vs 193k expected, with the unemployment rate tumbling to lows last seen in 1969 at 3.4%. These figures are diluting expectations of a near-term pivot from the Fed, downplaying the risks of a recession this year (or a deep one at least) and giving the Fed plenty of room to push ahead with further tightening this year. Traders now await comments from Fed chairman Powel later today with plenty of downside risks for equities should Powell reaffirm the Fed’s hawkishness.The DAX has come under pressure today following the release of worse than expected German industrial orders data. Fears of a recession in Germany this year are still a big headwind to the eurozone economy particularly with ECB’s Holzmann and Mann warning yesterday that rates would need to stay at restrictive levels for longer.The FTSE has been boosted today by a bumper set of earnings from BP. The oil giant posted record gains last year and announced an increase in the dividend as well as a $2.75 billion share buyback for Q1.Technical ViewsDAXThe rally in the DAX has seen the market breaking out above the 15163.41 level while continuing higher within the bull channel which has framed the move off last year’s lows. Though momentum studies are weakening, while price holds above that level, focus is on further upside.S&P 500The rally in the S&P saw price briefly testing above the 4153.50 level. The move has since reversed with price trading back below that level. With indicators turning lower, while below here there is risk of a further drop lower towards 3910 next. Above here, 4305 is the next level to watch.FTSEThe rally off last year’s lows which has been framed by a steep bull channel, has seen the index trading up to a test of the 7904.7 level. This area is holding as resistance for now. However, while price remains above the 7678.8 level and within the bull channel, focus is on an eventual break higher.NIKKEIThe rally in the Nikkei has seen the index trading back up to test the broken bull trend line and the bear trend line from last year’s highs. For now, this resistance is holding. However, if price can stay atop the 27422.9 level, focus is on further upside. Below there, risks of a full retreat towards 25500.5 are seen.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/the-index-files-07-02-2023"
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AUDUSD Potential for bearish drop towards intermediate support

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleAUDUSD Potential for bearish drop towards intermediate supportTypeBearish BreakoutPreference:If price breaks this support right here, we can possibly see price drop from this pivot towards the intermediate support level.Resistance will be here.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-potential-for-bearish-drop-towards-intermediate-support"
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EURJPY potential for bullish rise towards previous swing high

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleEURJPY potential for bullish rise towards previous swing highTypeBullish BouncePreference:Expect price to possibly retest the pivot which is the overlap support before heading towards the previous swing high resistance.The support level is here.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurjpy-potential-for-bullish-rise-towards-previous-swing-high"
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The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index

from Moneyweek RSS Feed https://moneyweek.com/investments/investment-strategy/income-investing/604871/ftse-100-ten-highest-dividend-yields
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Market Spotlight: Bitcoin Hurt By USD Rally

BTC Reversing From Recent HighsBitcoin prices have come off a little from last week’s highs with the market turning lower by 7% across recent days. A slew of weaker-than-forecast tech earnings hurt sentiment last week. However, it was Friday’s post-NFP USD rally that really put BTC under pressure. With the NFP coming in well above market forecasts and unemployment falling to multi-decade lows. Powell on WatchLooking ahead this week, traders will be closely watching Fed chairman Powell who speaks tomorrow. On the back of Friday’s better-than-expected data, the risk is that Powell takes a more hawkish stance, helping drive USD further higher and pulling risk assets (including BTC) lower near-term.US Rates In FocusLooking ahead, the fate of BTC in coming months will hinge firmly on US rate path projections. While Friday’s jobs data was encouraging, concerns about downside risks to the US economy have been a key feature of the current earnings season. Though many players are now projecting a milder downturn than expected towards the end of last year, focus is likely to drift back towards the Fed ending its tightening operations as we move through Q2 and into summer, creating upside risks for BTC a little further down the line even if we do see some near-term give back.  Technical ViewsBTCThe failure on approach to the 24930 level has seen the market reversing sharply lower. Price is now testing the 22600 level support and with momentum studies turning lower, the market is at risk of a break lower here. Below this level, 20575 is the next support to note.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-bitcoin-hurt-by-usd-rally"
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Market Spotlight: EURUSD Reversal Threat

EURUSD Reverses Sharply Last week holds the potential to mark a clear turning point for EURUSD. The weakness we saw on the back of the ECB meeting, further strengthened by the USD rally in response to Friday’s jobs data, has been accompanied by a sharp shift in retail sentiment. The retail community is now around 70% long the pair, suggesting room for a deeper reversal lower.ECB Pivot In Sight While ECB chief Lagarde did her best to hammer home the point that the ECB will continue with rate hikes until inflation is back at target, the market seemed solely focus on her comments that after the next .5% hike in March, the ECB will assess and make decisions on a data-dependent, meeting by meeting basis. This has seen an unwinding of long positions in EUR which had built up prior to the meeting. Bumper NFP Report Sends USD HigherOn Friday, a bumper set of US labour market data saw USD heavily bid as US rate hike projections came into question. With the risk now that USD remains well-bid near-term while EUR continues to sell-off, EURUSD looks poised for further losses. Expect Fed speakers across the week to stand behind their hawkish sentiment which should drive the reversal further.Technical ViewsEURUSDFollowing the reversal lower last week, the pair is now testing support at the 1.0785 level along with the falling wedge support line. With retail traders long and with momentum studies turning bearish, a break lower here will open the way for a move down towards the 1.0364 level next and bull channel lows.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-eurusd-reversal-threat"
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Daily Market Outlook, February 6, 2023

Daily Market Outlook, February 6, 2023 “Asian equities are trading lower this morning as financial markets continued to digest Friday’s blow out jobs data, the stand out performer is the Nikkei as chatter regarding the next BoJ Chief hit the wires overnight, the widely viewed dovish Amamiya has reportedly been tapped for the top job, however, Japanese government officials were quick to refute the reports. Concerns of a resurgence in US-China tensions have done little to help the risk off tone following the ‘weather balloon’ incident across the US. US Secretary of State Blinken cancelled his trip to China in an overt response to the incident, though there are reports that the White House is still considering sending Secretary Blinken to China in a stamp of authority, demonstrating the United States political strength”Overnight News of NoteAsia Shares Slip Monday, Dollar Up As U.S. Rate Outlook ShiftsDollar On The Front Foot After Robust U.S. Jobs Data, Yen FaltersChina Traders Sell Most HK Stocks In 17 Months Amid PullbackBitcoin Not Ready To Soar As Investors Await Fed Chair Speech, More EarningsJapan Sounds Out BoJ Deputy Amamiya For Central Bank GovAmamiya Would Weigh On Yen, Be A Boost For Bonds, Analysts SayKuroda Defends BoJ's Stimulus As Best Way To Hit Inflation TargetAustralia, China Trade Ministers Hold First Meeting Since 2019Australian Inflation Gauge Rises To New Record To 6.4% In JanuaryECB's Visco Says Caution Warranted On Mon Policy TighteningUK Mortgages Set For Slowest Year Since 2011 As House Prices DipDollar On The Front Foot After Robust U.S. Jobs Data, Yen FaltersJGB Yields Rise Despite Report Dovish Amamiya To Become BoJ GovOil Steadies After Slump As IEA Points to Rising China DemandIEA: There Are Signs a Stronger China Rebound Will Boost OilOil Market Faces Production Issue In 2024, Goldman’s Currie SaysNewmont In $17 Billion Takeover Bid For Gold Miner NewcrestAdani Stock Rout Enters Third Week As Flagship Shelves Bond Sale(Sourced from Bloomberg, Reuters and other reliable financial news outlets)Technical & Trade ViewsSP500 Bias: Intraday Bullish Above Bearish Below 4095Primary support is 3990Primary objective is 4384Below 3980 opens 3910/0020 Day VWAP bullish, 5 Day VWAP bullishEURUSD Bias: Intraday Bullish Above Bearish below 1.0750Primary support  is 1.0750Primary objective is 1.11Below 1.0730 opens 1.061020 Day VWAP bullish, 5 Day VWAP bearishGBPUSD Bias: Intraday Bullish Above Bearish below 1.21Primary support  is 1.21Primary objective 1.19Above 1.2265 opens 1.239020 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Intraday Bullish above Bearish Below 131.50Primary resistance is 132.30Primary objective is 125.00Above 133.00 opens 135.0020 Day VWAP bearish, 5 Day VWAP bearishAUDUSD Bias: Intraday Bullish Above Bearish below .7050Primary resistance is .7050Primary objective is .6750Above .7150 opens .725020 Day VWAP bearish, 5 Day bearish VWAPBTCUSD Intraday Bias: Bullish Above Bearish below 23200Primary support 22200Primary objective is 25000Below 21000 opens 2030020 Day VWAP bullish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-february-6-2023"
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NZDUSD Potential Bearish Drop to intermediate Support

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleNZDUSD, H4 | Potential Bearish Drop to intermediate support TypeBearish Continuation Preference:We are seeing the price test key overlap support,. There is a chance the price might continue to head, looking for buy entry at 0.62028, and taking profit at 0.60178.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/nzdusd-potential-bearish-drop-to-intermediate-support"
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