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Market Analysis

Market Spotlight: China Lockdown Risks Back in Focus

China COVID Cases Rising AgainFears are growing over the potential for fresh lockdowns in China amidst report of a new surge in COVID cases there. Following the recent removal of social restrictions...

Market Spotlight: Key Quotes From Fed, BOE & ECB at Sintra

Sintra Signing Out With the ECB’s annual Sintra Forum having come to a close, it’s worth doing a roundup as we heard quite a lot of key information that traders should consider. Fed chairman Powell,...

Market Spotlight: GBPAUD Breakout On Watch

GBPAUD Looking to Breakout Price action in GBPAUD is looking interesting here. The pair has been in range formation for months now, caught between support at 1.7218 and resistance at 1.7811. However,...

Market Spotlight: Trading Today's May US Core PCE Release

US Core PCE Up NextThe next key data focus for markets will be today’s US Core PCE data for May. On the back of Powell’s comments yesterday, where he downplayed recession fears and focused on the need...

Market Spotlight: Gazprom Shares Plunge 35% on Dividend News

Gazprom CollapsesShares in state-owned Russian energy company Gazprom plunged 35% today in response to the company cancelling its dividend payout to shareholders for the first time since 1998....

Market Spotlight: Fed's Mester Calls for .75% July Hike

Mester Pushes For Larger HikeAhead of Fed chairman Powell’s comments at the ECB’s Sintra Forum today, markets are reacting to comments from Fed’s Mester who spoke earlier today. Speaking on CNBC,...

Market Spotlight: Amazon Threatening to Break Lower?

Amazon Heading Lower?Price action in Amazon shares is starting to look very precarious for the company. Price has recently been trading lower within a well-defined bearish channel and while the...

Market Spotlight: EURUSD Pattern Play

EURUSD Double Bottom on Watch Price action in EURUSD is starting to look interesting here. The pair has been moving steadily lower within a clearly defined bear channel from the 2021 highs. However,...

Market Spotlight: Bullish EURJPY Opportunities on Hawkish ECB

Hawkish Lagarde CommentsComments from ECB’s Lagarde this morning underlined the hawkish shift taking place at the ECB. Making her opening comments at the bank’s Sintra Forum in Portugal, Lagarde...