First Target HitThe falling wedge breakout trade in EURJPY has now hit its initial target at 130.69 after triggering long on the break of 129.59. With USD seeing some buying across the European...
Market Spotlight: Trading The August NFP
US Labour Reports Up NextToday’s US labour reports are drawing a lot of attention from the market, perhaps even more so than usual. With the US Dollar trading lower on the back of Powell’s Jackson...
Market Spotlight: USDCNH Downside Opportunities
USDCNH Sitting on Key SupportThe recent sell off in USDCNH has seen the pair breaking down through the rising channel from YTD lows with price now testing the 6.4490 support level. This is a key level...
Market Spotlight: Trading The US ADP Employment Release
ADP Employment Up Next Aside from the ISM manufacturing print for August, the other key data release today will be the ADP Non-Farm employment change number. The release is typically used as a gauge...
Market Spotlight: Trading August US ISM Manufacturing
US ISM Manufacturing In FocusLooking ahead to today’s US session, the key data focus will be split between the ADP employment change and the August ISM manufacturing reading. On the manufacturing...
Market Spotlight: EURJPY Approaching Target
EURJPY Moving HigherThe EURJPY falling wedge pattern trade highlighted last week has now triggered with price having broken above the 129.59 level. While above here, the initial target is the 130.69...
Market Spotlight: NIKKEI Channel Break
Nikkei Looking To Break OutThe current price action in the Nikkei is grabbing my attention this week. While the market has been in an ongoing decline over recent months, framed by the bear channel...
Market Spotlight: Trading US Core PCE
US Core PCE Up NextThe key data focus today will be the release of the latest US core PCE index. Given that the indicator is used by the Fed in its main inflation calculation, the data holds the...
Market Spotlight: EURUSD Into Jackson Hole
Jackson Hole In FocusAside from the US Q3 advance GDP release, today also marks the start of the Jackson Hole symposium in the US, bringing central bankers from all over the globe together for the...
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