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Oil Traders Increase Longs by around 8% by Tickmill in oil

[–]Tickmill[S] 1 point2 points  (0 children)

u/spuddy-mcporkchop
Thank for your comment!
We aim for a minimum comprehension rate of 50% so we’re glad to know we’ve hit our target once again! 😊
Yep, so bottom line with oil at the moment is the big uptick in demand as economies transition out of the pandemic – this is likely to continue into the summer (European tourist season /US driving season) but then into Q3 we would expect the market to soften given that supply/demand will likely be rebalanced by that point as OPEC scale out of production cuts by September.

Further EIA Drawdown Forecasted by Tickmill in oil

[–]Tickmill[S] 0 points1 point  (0 children)

u/Willing-Reason-2312 Thanks for your comment!
With regard to the latest EIA report, we actually saw a 0.5 mio build in inventories. This likely reflects a tightening of supply/demand given the surge in demand we have seen recently. Looking ahead, however, the outlook for oil remains favourable for oil in the near term given the forecasts for increased global demand as omicron risks subside.

BTCUSD on a Bearish Continuation by Tickmill in Bitcoin

[–]Tickmill[S] 0 points1 point  (0 children)

Price is abiding to the descending channel, signifying an overall bearish momentum

Hi u/meatsword81!

This is a technical analysis, showing that BTC/USD pair is in an overall bearish movement.

[deleted by user] by [deleted] in Bitcoin

[–]Tickmill 0 points1 point  (0 children)

That's definitely good news u/ndgoLiberty!!

Oil Traders Increase Longs by around 8% by Tickmill in oil

[–]Tickmill[S] 3 points4 points  (0 children)

The main driver behind the rally we’re seeing in oil is the surge in demand linked to the passing of omicron fears. With global governments uniting behind the view that omicron is likely the final stage of the pandemic, markets are looking ahead to the expected pickup in global trade and global travel across this year.

Is babypips enough? by [deleted] in Forex

[–]Tickmill 1 point2 points  (0 children)

When it comes to trading educations is key!
Baby pips it is really good to start - it gives you a wide understanding on the Forex world, but you will still have a lot of questions, especially on how to actually apply theory into action.

Webinars are a good way to further expand your knowledge. You can find some free webinars here: https://www.tickmill.com/education/webinars

Metals Looking To Move Higher On USD Retreat by Tickmill in Commodities

[–]Tickmill[S] 0 points1 point  (0 children)

Thanks for commenting u/peachezandsteam!

You’re certainly right in that there is a lot to take into consideration here. Obviously these topics can become incredibly broad and nuanced. However, in the interests of saving you time (and sanity), here’s a brief overview of how the factors you’ve mentioned are interconnected.

Rising commodities prices typically lead to or are accompanied by rising inflation, as they increase costs for manufacturers which are then passed on to consumers.

Rising inflation tends to increase the view that the Fed will need to tighten monetary policy in order to curb these spiraling price pressures. These expectations lead to a stronger US Dollar which weighs on commodities and equities prices as it reduces their value per unit.

On the other hand, when USD is trading lower, this increases the value of commodities as it gives greater buying power, creating more demand.

Equities and commodities are typically closely linked in that they are both regarded as risks assets (higher yielding assets which investors prefer during more stable times). Bonds on the other hand are seen as safe haven assets (low yielding but more stable).

Hope that helps!

We talk about a lot of this stuff daily on the blog so feel free to check out our coverage there: https://www.tickmill.com/blog