Fundamental Analysis - Tickmill Expert Blog - Forex Traders Blog

CAD Retail Sales on Watch Following CPI Fall

BOC On WatchWith no US data on deck today, the focus will be on Canadian retail sales. With the BOC very much back in the show regarding rate hikes, traders are paying close attention to incoming CAD...

Dollar Rebounds on Positive US Data, EURUSD and GBPUSD Charts Show Potential Resistance

Labor market and consumer confidence data in the US, released yesterday, beat estimates, allowing the dollar to stage a comeback. EURUSD retreated into the range of 1.11-1.1150 in line with...

Nasdaq Falls as Tech Stocks See Tricky Start to Earnings Season

USD RecoveringThe US Dollar is extending gains on Friday, with the Dollar index on course to end the week around 1.5% higher, as of writing. The rebound comes on the back of a fortnight of heavy...

Strong UK Retail Sales Fail to Halt GBP Waterfall

Consumer Confidence DipsThe latest data out of the UK today painted a very mixed picture. Firstly, the GfK consumer confidence reading was seen printing -30, down from -24 previously and worse than...

Tesla Investors Worried By Narrowing Margins

Tesla Lower Following EarningsTesla shares are down pre-market today following the company’s latest earnings report yesterday. Despite both EPS and revenues coming in above forecasts, investors were...

USDJPY Holding At Key Support Ahead of US Data Dump

US Data on DeckLooking ahead today we have plenty of important US data on deck which should offer volatility across FX and equities markets. Weekly unemployment claims, the Philly Fed manufacturing...

Crude Steady Following Fresh EIA Deficit Data

Fresh Inventories Deficit SeenCrude prices continue to hold within last week’s range as the latest EIA inventories yesterday failed to provide the catalyst for a fresh directional move. The EIA...

Is the Global Disinflation Wave Gaining Momentum? UK and US Inflation Data Suggest Yes

GBPUSD experienced a rapid decline on Wednesday after the release of British consumer price data, revealing an unexpected drop in core inflation from 7.1% to 6.9%. It became evident that disinflation...

Meta Rallies As ChatGPT Rival Launches

Lllama Launch Drives Shares HigherShares in Meta are trading higher ahead of the US open today as investors respond to the launch of the group’s ChatGPT and Bard rival, Llama. An AI competitor has...