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...
Market Spotlight: EURAUD Bullish Signals
EURAUD In Holding Patter For NowThe EURAUD breakout trade hit its target at 1.5876 and has since been stuck in a block of consolidation between that level and the 1.5671 level support. Price action...
Market Spotlight: GBPUSD Double Top Update
GBPUSD Breaks Neckline The double top trade in GBPUSD in underway now with price having broken through the neckline of the pattern and the last horizontal support at 1.38. With MACD and RSI both...
Market Spotlight: AUDCHF Breakout Trade
RBA Vs SNBThe Australian Dollar is catching a strong bid today on the back of the RBA meeting overnight which saw the bank citing a strong economic outlook and announcing tapering of QE due to start...
Market Spotlight: OPEC+ Meetings In Focus
OPEC Meetings Continue TodayThe OPEC+ meetings continue today following last week’s failure to find strike a deal which resulted in the talks being postponed. The group of OPEC producers, along with...
Market Spotlight: Trading The June NFP
US Payrolls In FocusThe latest set of US labour reports is due today and, on the back of the hawkish June FOMC meeting, the release is attracting even more attention than usual. The market is looking...
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