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Market Analysis

Market Spotlight: Trading Tonight's Aussie Employment Data

Aussie Employment Data In Focus TonightLooking ahead to tonight’s Asian session (Weds/Thurs overnight), the key data releases to note are the Australian unemployment rate and employment change...

Market Spotlight: CADCHF & Canadian CPI

CAD CPI In FocusToday’s Canadian CPI print will be the key data focus for the US session. CAD has been one of the strongest performers of 2022 in light of the uptick in oil prices and hawkish BOC...

Market Spotlight: GBPCAD Pattern Play

GBPCAD Head & ShouldersThe rally in GBPCAD off the Q4 2021 lows looks now to have fizzled out with price putting in an interim double top formation around the 1.73 mark. Price has now broken below...

Market Spotlight: NZDCAD Hits First Target

NZDCAD Opens UpThe breakdown trade recently issued in NZDCAD has seen the market extending lower to reach its first target at .8475. Despite some corrective action, NZD is firmly back under pressure...

Market Spotlight: GBPJPY Looking To Break Out

GBJPY In Holding PatternGBPJPY price action is starting to look very interesting here. Price is has been sitting in a tight range just under the 157.88 highs over the last week. While there are clear...

Market Spotlight: Loonie Looking To Break Lower

USDCAD Testing Channel LowThe sell off in USDCAD over the last week has seen price breaking below key support at the 1.2643 level trading down as far as a test of the 1.2469 level, with the bull...

Market Spotlight: USDJPY & US Retail Sales

US Data In Focus AgainThe final tier-one data of the week is due over today’s US sessions with US Retail Sales for December due. Following the lacklustre response to stronger-than-expected CPI for...

Market Spotlight: ETH Approaching Key Zone

Keep An Eye On ETHThe breakdown in the US Dollar this week is allowing for a broad move higher in risk assets. Among those instruments seeing the most benefit is ETH which has rallied almost 20% off...

Market Spotlight: EURUSD Breakout Triggered

EURUSD Breaking Out?So, on the back of yesterday’s CPI release in the US it seems it was the bearish USD scenario which played out, triggering the EURUSD breakout idea. Price is now on course to test...