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Market Analysis

Market Spotlight: OPEC Meeting In Focus

OPEC Up NextThe big focus for markets today, away from any Omicron updates, is the OPEC+ meeting taking place in Algeria. The meeting has been called in order for OPEC and a group of non-OPEC producer...

Market Spotlight: Trading Today's US Data

ADP Employment & ISM Manufacturing DueWhile fears around the newly discovered Omicron COVID-variant have taken centre stage, it is important to keep track of the data flow we have at the moment....

Market Spotlight: ZAR Short Opportunities

ZAR Under PressureFollowing the initial sell off in ZAR on Friday as news of the variant first broke, price has since stalled and remained within the range of that initial day’s decline. For now,...

Market Spotlight: GBPAUD Approaching Second Target

GBPAUD Continues OnThe recent GBPAUD breakout trade is now on course to hit the second target at 1.8739. Following the test of the initial target at 1.8578 we saw price consolidating briefly, while...

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...