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Market Analysis

Market Spotlight: Trading The July FOMC

The July FOMC today presents a great deal of two way risk for USD. With data improving firmly over the last month and with ongoing optimism around the current path of re-opening, upside expectations...

Market Spotlight: Trading July US Consumer Confidence

US Consumer Confidence Up NextUS Consumer Confidence for July will be the main data focus over the remainder of today’s session. Ahead of the FOMC this week, the impact will likely be muted unless we...

Market Spotlight: AUDCHF To Break Lower?

AUDCHF Bear TrendThe sell off in AUDCHF has seen the pair moving lower within a bearish channel, with price breaking down through several key levels recently. Currently, price is stalled at a test of...

Market Spotlight: EURJPY Weekly Bullish Pin Bar

EURJPY Bullish Pin BarRecent price action in EURJPY has caught my eye. The decline from May highs has seen the pair breaking down below the rising channel, trading as low as a test of the 128.43 level...

Market Spotlight: Trading July US Manufacturing

US Manufacturing Data Up NextLooking ahead to today’s US session, the main data focus will be the release of the US flash manufacturing PMI for July. This will be the first glimpse at activity over...

Market Spotlight: Trading The July ECB Meeting

ECB In FocusThe July ECB meeting is the main focus today and for the week in sum. With the market firmly expecting a dovish result, the ECB will likely need to surpass these expectations in order to...

Market Spotlight: AUDCAD Threatening Support

AUDCAD To Break Lower?AUDCAD has sat in a block of consolidation along the .9251-.9267 level support for the last month and half now. While the pair recently attempted to break higher, the rally was...

Market Spotlight: EURUSD Falling Wedge

EURUSD On WatchThe current price action in EURUSD is worth monitoring into tomorrow’s ECB meeting. Following the breakdown below the 1.1961 level, the decline has been much more laboured, with weaker...

Market Spotlight: GBPUSD Hits Initial Target

GBPUSD Reversal UnderwayThe GBPUSD double top trade is back on track now. The brief recovery above the neckline and 1.2800 support has since folded with the pair reversing and heading down to the...