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Market Analysis

Market Spotlight: Gold At Key Support Ahead of FOMC

FOMC Up NextThe FOMC meeting later todayholds the potential to be a key, near-term catalyst for FX price action. Withtraders expecting the Fed to hike rates by .5%, the focus now will be one...

Market Spotlight: Still Short GBPCAD

GBPCAD Remains Under PressureThe short idea issued inGBPCAD has seen the market trading down towards the target at 1.5894. While we’veseen a little corrective action recently, the bias remains firmly...

Market Spotlight: First RBA Rate Hike Over A Decade

Aussie Bid Following RBA Rate HikeThe Australian Dollar has been in the spotlight today following the May RBA meeting overnight. The RBA took the historic move of hiking rates by 0.25% lows off their...

Market Spotlight: Monitoring Key Level in AUDJPY

AUDJPY On WatchAUDJPY price action is worth monitoring here. The recent ascent above the 94.23 level saw plenty of bearish divergence before the market topped out and corrected lower. Price is...

Market Spotlight: NZDUSD Hits Final Target

NZDUSD Sell-Off ContinuesThe recent short trade issued in NZDUSD has hit its final target at .6450. With USD having increased significantly in the last fortnight, amidst an uptick in hawkish Fed...

Market Spotlight: Opportunities Around Today's US GDP Print

US GDP Up NextLooking ahead to today’s US session, the main data focus will be on the release of advance US quarterly GDP for Q1. In light of the impact of surging inflation, supply-side issues, and...

Market Spotlight: USDJPY Surges As BOJ Reaffirms Easing Stance

JPY Plunges Lower StillThe Japanese Yen has fallen to it slowest level against the Dollar since 2002 on the back of the April BOJ meeting today. The BOJ reaffirmed its commitment to maintaining an...

Market Spotlight: Tesla Falls on Twitter Funding Fears

Tesla Sell Off DeepensShares in US automaker and alternative energy firm Tesla have come under heavy selling pressure this week. The company’s stock plunged by 12% yesterday over concerns relating to...

Market Spotlight: GBPAUD Trend Resumption Trade

GBPAUD Rejected At Key LevelGBPAUD price action is looking interesting for bears here. The decline from the break through the rising trend line over late 2021/early 2022 has seen the market breaking...