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Market Analysis

Market Spotlight: GBPUSD Pattern Play

GBP On Watch Price action in GBPUSD is catching my eye here. The pair has been grinding lower in a well-defined bear channel since the YTD highs. However, the last decline saw strong bullish...

Market Spotlight: CADJPY Breakout Update

CADJPY Movin' On UpThe recent CADJPY bull flag trade has now triggered. The market broke out above the bear channel top and has now breached the 102.17 level. With MACD and RSI turned bullish the...

Market Spotlight: Amazon Shares Approaching Key Resistance Level

Amazon Shares Rallying on Stock Split NewsShare in US online retailer Amazon are rebounding firmly this week. Tech stocks have been among the strongest beneficiaries of the rebound in equities...

Market Spotlight: EURJPY Headed to First Target

EURJPY Breaks OutThe recent EURJPY long idea has now triggered and is advancing towards the first target. The pullback in JPY recent has helped this pair move forward. With risk sentiment having...

Market Spotlight: LSE Suspends Gazprom Trading

LSE Suspends Gazprom As of May 31stThe London Stock Exchange announced today that it has suspended shares of Russian state-owned energy supplier Gazprom from trading. The company reportedly requested...

Market Spotlight: EasyJet Shares Fall on Cancellation Issues

EasyJet Testing Bearish Channel Shares in UK airliner EasyJet are reversing lower from initial gains following today following the firm coming under criticism following the latest wave of flight...

Market Spotlight: EURJPY Channel Break on Watch

Kuroda Comments Weigh on JPYThe Japanese Yen is under pressure once again today, not least from the rebound in risk sentiment which is sapping safe-haven flows. BOJ governor Kuroda was seen making a...

Market Spotlight: FOMC Minutes Fail to Deliver Fireworks

FOMC Minutes Confirm Fed HawkishnessThe May FOMC minutes last night were broadly as expected. The release reaffirmed the current Fed hawkishness yet, in light of the uptick in recent Fed commentary,...

Market Spotlight: USDJPY Short Update & US GDP Preview

USDJPY Short In Play The recent USDJPY short idea triggered on a break below the 128.50 level with price currently sitting around half-way to the first target. The move lower has been rather laboured,...