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...
Market Spotlight: Trading US ISM Manufacturing
US ISM Manufacturing Up NextThe US ISM manufacturing reading is on deck today. In the wake of the June FOMC meeting, which saw the Fed revising higher its dot plot forecasts and upgrading its economic...
Market Spotlight: Swissy Approaching Target
Breakout Trade ContinuesThe rally in USD this week has seen the USDCHF breakout trade above the .9043 level continues. Following a brief pause around the .9189 level, the subsequent breakout in...
Market Spotlight: Trading The EIA Crude Inventories
Crude Sitting at HighsThe latest set of EIA crude oil inventories are due later today and given the impressive run of drawdowns the EIA has highlighted over the last month, traders are keen to see...
Market Spotlight: AUDJPY Breakdown Trade
AUDJPY Turning LowerThe heavy selling AUD this week, as a result of the fresh lockdown announcement there, has seen the Aussie weakening against a broad basket of currencies. Given the high-beta...
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