Daily Technical Trade Set Ups for Emini SP500. Nasdaq & DAX

Daily Technical Trade Set Ups for Emini SP500. Nasdaq & DAXTo access today's actionable analysis click here!

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-technical-trade-set-ups-for-emini-sp500-nasdaq-and-dax
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Daily Market Outlook, February 20, 2023

Daily Market Outlook, February 20, 2023Asian Markets Recover After A Tepid Start To The Trading WeekAsian equities opened on the backfoot given a mixed handover from Wall Street as investors squared positions ahead of the Friday close and the US Presidents Day holiday today (with the NYSE closed today). Overnight geopolitical concerns were once again at the fore, with North Korea test firing an ICBM and multiple rocket launcher drills, this was coupled with lingering China-US tensions as China warned the US on escalating tensions regarding ‘ballon-gate’ the US countered with its own warnings regarding China providing pro Russian support in the Ukrainian war. The Shanghai Comp and Hang Seng were once again regional outperformers supported by continuing liquidity provisioning by the PB0C.Today’s data docket is very scant. Eurozone consumer confidence is expected to post its fourth monthly rise in a row, however, the increase is from record low levels. This is the first of several Eurozone surveys for February due this week all of which are expected to show that economic conditions in the region are showing nascent signs of improvement. UK January public finances data, due early Tuesday, will reveal self-assessment income tax returns for the year. Any indication from this that annual borrowing levels will come in below forecasts may lead to more calls for new policy measures in the March Budget. Down under in Australia the central bank will release minutes of its February policy meeting ealy Tuesday, after raising rates by 25bps at that meeting and pointed to the likelihood of further hikes, investors will parse the minutes for signs of further intentions to continue restrictive monetary policy in the first half of this year.Last week saw an extension of the rebound in market interest rate pricing in the US, this move commenced after the very robust employment report for January, when investors began to see markets actively reprice the terminal rate higher, with Fed officials rhetoric also confirming a sense that higher for longer remains the name of the game, last week's data pointed to a slower decline in inflation and better than expected manufacturing activity reinforced the belief of elevated rates persisting, this week the Fed’s preferred inflation metric, core personal consumer expenditure deflator, will be released and may point to another rise of 0.4% month over month leaving the Fed adrift by 0.17% month over month from achieving levels that would return the US to it’s 2% inflation target.FX Options Expiration New York CutGBPUSD 1.1000(400m)Overnight News of NoteAsia Shares Hesitant Ahead Of Updates On Fed, BoJ PoliciesFed’s Preferred Inflation Gauges Seen Running Hot This WeekUS Plans New Russia Export Controls, Key Industries SanctionsUS-China Meeting Only Worsens Tensions Over Balloon, RussiaWH To Hold Secret Talks With Taiwan Officials In WashingtonChinese Banks Hold Rates Steady, Analysts Bet Easing To ComeBoJ Viewers Flag Outside Risk Of March Surprise To Help UedaIran Nuclear Inspectors Find Uranium Enriched To 84% PurityNorth Korea Fires Barrage Of Ballistic Missiles As It Warns USECB’s Makhlouf Defends Runaway Economic Growth As ‘Real’UK PM Sunak Forced To ‘Pause’ Protocol Deal Amid BacklashMeta To Launch Subscription Service For Facebook, InstagramDeutsche Bank Criticised By Regulators Over Mis-Selling Probe(Sourced from Bloomberg, Reuters and other reliable financial news outlets)Technical & Trade ViewsSP500 Bias: Intraday Bullish Above Bearish Below 4100Primary support is 4005Primary objective is 4384Below 4000 opens 396520 Day VWAP bearish, 5 Day VWAP bearishEURUSD Bias: Intraday Bullish Above Bearish below 1.0710Primary resistance is 1.0950Primary objective is 1.0430Above 1.0820 opens 1.0920 Day VWAP bearish, 5 Day VWAP bearishGBPUSD Bias: Intraday Bullish Above Bearish below 1.21Primary resistance  is 1.2265Primary objective 1.1785Above 1.2265 opens 1.233720 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Intraday Bullish above Bearish Below 134Primary support  is 131.85Primary 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 DayVWAP bearishBTCUSD Intraday Bias: Bullish Above Bearish below 25200Primary support 23500Primary objective is 26700Below 20300 opens 1950020 Day VWAP bullish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-february-20-2023
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Bitcoin’s Future is Unclear, Silver is on the Rise

Bitcoin has tested a very important resistance at the level of 25000. Currently, it stays still. However, Bitcoin might eventually pull back from this level, undergo correction, and gain the required support at the level of 21500. Yet buyers may help the asset to pull through to break the resistance and hit the level of 30000. In this case, it is important to follow the price movements, that is, the candlestick formations next to important levels to figure out what might happen next.Silver formed a hammer at the end of last Friday and touched the supporting level of 21.30. This level is located next to the 50% price correction from the latest rise. Hence, silver is heading up. The asset is likely to hit the level of 25.American stock index S&P 500 keeps testing the broken downtrend. It has formed a pattern resembling a bull flag. The index is likely to jump on Monday. So, let’s see what will happen next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-s-future-is-unclear-silver-is-on-the-rise
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AUDUSD Potential for Bearish Drop to 61,8% Fibonacci line

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, H4 | Potential for Bearish Drop TypeBearish ReversalPreference:Looking at the H4 chart, my overall bias for AUDUSD is bearish as the current price is below the Ichimoku Cloud. Looking for a sell entry at 0.68609, and take profit at 0.65887 where the 61.8% Fibonacci line is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-potential-for-bearish-drop-to-61-8-fibonacci-line
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USDJPY Potential for bullish continuation 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.TitleUSDJPY Potential for bullish continuation towards previous swing highTypeBullish BouncePreferenceLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.Looking for price to rise from this pivot which is the overlap support towards the resistance which is the previous swing high.It's worth noting that there is an intermediate resistance here where price might struggle to break through.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-potential-for-bullish-continuation-towards-previous-swing-high
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NZDJPY Potential for bearish drop towards previous swing low

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleNZDJPY Potential for bearish drop towards previous swing lowTypeBearish BreakoutPreferenceLooking at the H4 chart, my overall bias for NZDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.If price breaks this support here, I expect price to possibly drop from the pivot towards the support which is the previous swing low.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/titlenzdjpy-potential-for-bearish-drop-towards-previous-swing-low
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Masseria Pistola: rustic charm in Puglia

The newly renovated farmhouse in southern Italy offers a stylish and tranquil stay

from Moneyweek RSS Feed https://moneyweek.com/spending-it/travel-and-holidays/605712/masseria-pistola-rustic-charm-in-puglia
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Is it time to give up on buy-to-let?

Buy-to-let investors are fleeing the market as higher mortgage costs eat into rental income.

from Moneyweek RSS Feed https://moneyweek.com/give-up-on-buy-to-let
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Daily Market Outlook, February 17, 2023

Daily Market Outlook, February 17, 2023Fed Hawks Weigh On Risk Appetite As Investor Risk Sentiment SoursAsian equities declined as US producer price inflation and hawkish Fed rhetoric weighed on investor appetite into the weekend. Treasury yields ascended with the 10yr yield approaching 4% as markets reprice US  rate expectations towards three further 25bps increases by the summer and for rates to remain higher for longer. Goldman Sachs has raised its US rate view, the firm now looks for three further 25bps hikes from the FOMC in March, May and June, lifting its view of the terminal rate to 5.25-5.50%; the firm raised its forecasts in light of stronger growth and firmer inflation metrics. In the Eurozone ECB’s Schnabel added to the hawkish tone from global central bankers as she deemed monetary policy transmission in Europe may require more aggressive ECB policy. The data docket for the European session is scant, Statetside the only print of note is import price inflation, investor attention will shift to Fed’s Barkin set to make remarks regarding the US labour market and Fed Governor Bowman is also scheduled to speak. FX Options Expiration New York CutEURUSD 1.08(455m)USDJPY 134.40(395m)GBPUSD 1.2415(403m)AUDUSD .6740(365m)Overnight News of NoteDollar Rises To 6-Week Peak As Strong US Retail Sales Bolster Higher-Rates ScenarioFed’s Mester Says She Saw ‘Compelling’ Case For Half-Point Rate HikeFed's Bullard Backs More Interest Rate IncreasesECB's Lane Says Tightening Effect Still In PipelineEU Commission Scratches Russia Nuclear Sanctions PlansUK PM Sunak Due In Northern Ireland As Protocol Deal ImminentDow Falls More Than 250 Points After Another Hot Inflation ReportGoldman Sachs Steps Back From Bidding For New Credit Card ProgramsBank Of America Plans Job Cuts In Its Investment BankTesla Recalls 362,758 Vehicles; Full Self-Driving Beta Software May Cause Crashes(Sourced from Bloomberg, Reuters and other reliable financial news outlets)Technical & Trade ViewsSP500 Bias: Intraday Bullish Above Bearish Below 4177Primary support is 4005Primary objective is 4384Below 4000 opens 396520 Day VWAP bullish, 5 Day VWAP bullishEURUSD Bias: Intraday Bullish Above Bearish below 1.0710Primary resistance is 1.0950Primary objective is 1.0620Above 1.0820 opens 1.0920 Day VWAP bearish, 5 Day VWAP bearishGBPUSD Bias: Intraday Bullish Above Bearish below 1.20Primary resistance  is 1.2265Primary objective 1.1840Above 1.2265 opens 1.233720 Day VWAP bearish, 5 Day VWAP bearishUSDJPY Bias: Intraday Bullish above Bearish Below 134Primary 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 DayVWAP bearishBTCUSD Intraday Bias: Bullish Above Bearish below 25000 - 25000 Target Hit, New Pattern Primary support 23500Primary objective is 26700Below 20300 opens 1950020 Day VWAP bullish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-february-17-2023
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AUDUSD Potential for 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.TitleAUDUSD, H4 | Potential for Bearish Drop to intermediate support TypeBearish DropPreference:We are seeing the price is being above the Ichimoku cloud, Looking for a pullback sell entry at 0.6893 where the 50% Fibonacci line is, and take profit at 0.67395 where the 78.6% Fibonacci line is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audusd-potential-for-bearish-drop-to-intermediate-supportwas
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GBPUSD Potential to retest on the overlap 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.TitleGBPUSD, H4 | Potential retest on the overlap support TypeBullish Rise Preference:Looking at the H4 chart, my overall bias for GBPUSD is bullish. Looking for a buy entry at 1.19189 where the overlap support and 78.6% Fibonacci line is. Take profit will be at 1.20752, where the recent swing high is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpusd-potential-to-retest-on-the-overlap-support
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USDCAD Potential for Bullish Rise to 61.8% Fibonacci line

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleUSDCAD, H4 | Potential for Bullish Rise to 61.8% Fibonacci line TypeBullish Rise Preference:Looking at the H4 chart, my overall bias for AUDUSD is bullish as the current price is above the Ichimoku Cloud, Looking or a pullback sell entry at 1.35066 where the 38.2% Fibonacci line is, We are looking to take profit at 1.35327 where the 61.8% Fibonacci line is.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdcad-potential-for-bullish-rise-to-61-8-fibonacci-line
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Where RIT Capital Partners went wrong

Weak returns and rising private-equity exposure mean the wide discount to NAV for RIT Capital Partners is justified.

from Moneyweek RSS Feed https://moneyweek.com/investments/605638/rit-capital-partners
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The MoneyWeek portfolio of investment trusts – December 2022 update

A decade ago we set up the MoneyWeek portfolio of investment trusts.. It proved a success, says Merryn Somerset Webb.

from Moneyweek RSS Feed https://moneyweek.com/investments/funds/investment-trusts/investment-trust-model-portfolio
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