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Market Analysis

Market Spotlight: AUDJPY First Target Hit

AUDJPY Breaks LowerThe AUDJPY short trade is developing well now with price having broken through the initial target at 80.69. With MACD and RSI both bearish here, there is room for a continuation...

Market Spotlight: AUDUSD Approaching Second Target

AUD Sell Off ContinuesThe sell-off in AUDUSD is gathering pace again here with the pair now close to hitting the second target at .7339. With MACD and RSI both bearish here, the outlook remains...

Market Spotlight: AUDJPY Short Update

AUDJPY Turning Lower Again The AUDJPY breakdown trade was triggered on the initial move below 82.02. Despite a pullback above the level, price subsequently ran into further selling pressure on a...

Market Spotlight: Trading The July BOC Meeting

BOC In Focus Looking ahead, the big data focus today is the Bank of Canada July rate decision. While the market is expecting rates to remain on hold, traders are looking for the central bank to take a...

Market Spotlight: Trading The July RBNZ Meeting

RBNZ To Meet Overnight The RBNZ meets tonight for its July MPR. While there will be no fresh forecasts or projections given at this meeting (they will come in August), the market will nonetheless be...

Market Spotlight: Trading June US CPI

US CPI Up NextThe June CPI readings scheduled for today have the potential to cause plenty of market volatility. While USD action has been somewhat muted since the mixed June jobs report, a strong...

Market Spotlight: EURGBP Bullish Divergence

EURGBP Basing PatternThe sell off in EURGBP since the April highs has been slow and laboured with price grinding lower within a bearish channel. However, for now, price is still sitting above the...

Market Spotlight: Trading CAD Employment Data

CAD Employment Data in FocusThe main focus over the US session today will be the release of Canadian employment data. Given the more hawkish stance the BOC has taken, compared with most others in the...

Market Spotlight: AUDUSD Short Update

Lowe Sends Aussie LowerRBA Governor Lowe spoke overnight and his comments have helped drive a wave of AUD selling over the European morning. The central bank head was answering question after his...