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Market Analysis

Market Spotlight: GBPJPY Breakout Hits 2nd Target

GBPJPY Breakout CompleteThe rally in GBPJPY has seen the pair hitting the final target for the breakout trade from 157.88 at 162.59. The rebound in risk assets over recent weeks has fuelled a high...

Market Spotlight: One More Push Lower For GBPNZD?

GBPNZD Testing Key LevelThe sell off in GBPNZD has seen the pair collapsing by around 8% over the last month, shedding around 1600 pips! The decline has been firmly consistent with price blowing...

Market Spotlight: SNB Willing To Tolerate Some CHF Strengthening

SNB Holds Steady The March SNB monetary policy meeting today saw the central bank holding rates unchanged, as expected. In the statement issued alongside the decision, Jordan noted that the bank had...

Market Spotlight: USDNOK Looking to Breakdown

USDNOK Testing Key Support USDNOK is attempting to breakout to the downside here. With the Dollar failing to find lift-off following the hawkish FOMC last week, and with crude prices turning higher...

Market Spotlight: Toyota Shares Higher On Buyback News

Buybacks Start TomorrowShares in Japanese vehicle maker Toyota are trading higher today on news that the company will buy back around $826 million worth of shares this week. With shares in Toyota...

Market Spotlight: CADJPY Breakout Hits Second Target

CADJPY Keeps GoingThe recent CADJPY breakout idea has now hit its second target. Price has made a more than 5% move higher over the last week as risk appetite rebounds. CAD, along with other...

Market Spotlight: GBPJPY Finally Breaks (Nearing First Target)

For those of you tracking the Market Spotlight you’ll know I’ve been looking for GBPJPY to break for pretty much all of the year so far. This week the trade finally came to fruition with the pair...

Market Spotlight: US Yields Soar On Hawkish Powell Comments

Powell Ignites YieldsFed chairman Jerome Powell lit a fire under US yields yesterday with comments made at the National Associations of Business Economics. Powell warned that the Fed is willing to do...

Market Spotlight: Make Or Break For Ethereum

ETH Triangle TradeIt’s been a frustrating time for crypto bulls recently. The current “crypto winter” as its been called has seen major digital coins, such as Ethereum, shedding value over the year so...