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Market Analysis

Market Spotlight: USDJPY Hits First Target

USDJPY Moving WellThe recent breakout trade idea issued in USDJPY has hit its initial target at 115.45. The uptick in USD this week has been further bolstered by a hawkish set of FOMC meeting minutes,...

Market Spotlight: Trading US Prelim GDP

US Data In FocusThe key data focus for today’s US session will be the release of preliminary US quarterly GDP. With the US Dollar currently trading firmly higher, today’s data has the potential to...

Market Spotlight: Trading The November RBNZ

RBNZ Up NextThe big event focus today is the RBNZ November meeting due over tonight’s Asian session. Expectations are high heading into the meeting with the market pricing in a .25% rate hike, in line...

Market Spotlight: EURNZD Short Update

EURNZD Short In PlayThe recent EURNZD breakdown trade idea has now triggered with the market having broken below the 1.6159 level. We’ve now spent three days below the level and, while the market...

Market Spotlight: GBPAUD Hits First Target

GBPAUD On The MoveThe breakout trade in GBPAUD has hit its first target at the 1.8578 level, where the channel top is offering additional resistance. Despite the moves lower in GBP today, GBPAUD is...

Market Spotlight: DXY Bull Channel Trade

DXY Bull Channel In FocusThe rally in the US Dollar this week has seen the DXY breaking out above the prior 2021 highs around 94.63, trading up as high as 96.30. However, the move into the bull...

Market Spotlight: GBPAUD Breaking Out

GBPAUD Turns HigherThe recent block of consolidation in GBPAUD is finally resolving now with price breaking out above the 1.8438 level. A solid string of data release from the UK this week (labour...

Market Spotlight: Tracking The Ethereum Correction

The roughly 17% fall in Ethereum will not be welcomed by bulls. The bad news, however, is that we might have a little further to go before we see significant buying kick in again. Price is currently...

Market Spotlight: Trading October US Retail Sales

US Retail Sales Up NextThe key data focus today (and of this week) will be the release of US retail sales for October. On the back of last week’s bumper US inflation data for the same period, the...