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Market Analysis

Market Spotlight: USDJPY Channel Break

USDJPY Reversing? USDJPY is showing signs of a potential reversal lower here. Price recently failed once again at a test of the 109.63 level and is now starting to break below the rising channel from...

Market Spotlight: CADJPY Update

CADPY Target ExceededThe breakout above 88.21, as per a recent Market Spotlight, has seen price exceeding the initial 89.24 target. The move has seen the pair testing above the bull channel top, where...

Market Spotlight: Trading The EIA Crude Inventories Release

Bearish Opportunities in Oil Crude oil is in an interesting place ahead of this week’s EIA inventories report, due later today. Crude has been grinding higher within a narrow bullish channel over...

Market Spotlight: GBPAUD Breakout Trade

GBPAUD At Breakout Point GBPAUD is at an interesting point here where the ascending triangle pattern, which has frame the last few months of price action, looks poised to break higher. The break above...

Market Spotlight: AUDUSD Head & Shoulders Trade

AUDUSD About To MoveAUDUSD continues to trade in an interesting formation here. Following the breakdown below the rising trend line from last year’s lows, price recovered off the .7564 level trading...

Market Spotlight: Trading US Retail Sales

US Retail Sales in Focus The key data focus for today is the US Retail Sales reading for April. On the back of a bumper April inflation release earlier in the week, today’s data is attracting plenty...

Market Spotlight: Trading The S&P Sell-Off

S&P Reversal Underway The sell-off in US equities will not come as too much of a surprise for followers of the blog. Rising US inflation expectations amidst vaccination and reopening optimism,...

Market Spotlight: Trading US Inflation

US CPI On Watch The big data focus for markets today, and this week indeed, is the US CPI release for April. Following the 0.6 headline CPI reading over the prior month, the market is forecasting a...

Market Spotlight: UK Yields Breakout Opportunities

UK Yields on The RiseThe yield on UK government paper is starting to turn higher again here. The 1OY Gilt is trading back up at 0.82 currently, moving back up towards the upper end of the .703 - .863...