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Market Analysis

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...

Market Spotlight: Trading US Q3 GDP

US GDP In FocusThe key data focus today will be on the release of US preliminary GDP for the third quarter. The US Dollar has been firmly in the spotlight over recent weeks amidst fluctuating Fed...

Market Spotlight: Trading US July Durable Goods

US Durable Goods Up NextThe key data focus for today’s US session will be the July durable goods number. Ahead of Fed chairman Powell’s Jackson Hole speech this Friday, the data will likely be less...

Market Spotlight: EURJPY Falling Wedge Pattern

EURJPY Reversal RisksThe decline in EURJPY from YTD highs can now be viewed as being framed by a falling wedge pattern, suggesting risks of a bullish reversal on the horizon. Price action is currently...

Market Spotlight: AUDJPY Hits Downside Target

AUDJPY Continues LowerThe recent AUDJPY short-trade has seen the market rolling over with price breaking down below 80.69, hitting the initial target at 79.57 and continuing lower thereafter. Fresh...

Market Spotlight: GBPJPY Short Target Hit

GBPJPY Rolls OverThe recent GBPJPY head and shoulders trade has seen price breaking down to hit the target at 149.39. Both MACD and RSI are bearish here suggesting there is room for further downside....