US GDP In FocusThe main data focus today, and of this week really, is the prelim Q2 GDP reading in the US. Q1 came in at a healthy 6.4% and the market is expecting a 6.5% reading today. Given the...
Market Spotlight: EURAUD Update
EURAUD Breakout in Play The breakout in EURAUD as per a recent Market Spotlight, is underway. Price has broken above the 1.5671 level and while above here, is on course to test the 1.5931 bull...
Market Spotlight: Trading US Consumer Confidence
US Consumer Confidence Forecast to Fall Back US consumer confidence for April is due later today and will be the key data focus over the day’s US session. Given the weaker than expected retail sales...
Weekly Live Market & Trade Analysis
Weekly Live Market & Trade AnalysisIn this week's live market and trade analysis session, we began by reviewing a simple method for defining impulsive and corrective cycles by using high...
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...
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