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Market Analysis

Market Spotlight: Tesla Shares Plunge On S&P ESG Ejection

Tesla Shares Lower AgainTesla shares are back under pressure this week. With tech stocks among the hardest hit during the current risk-off action, Elon Musk’s alt-energy and vehicle making company has...

Market Spotlight: S&P 500 About to Break Lower?

S&P On The Cliff EdgePrice action in the ES (Emini S&P futures) is looking very interesting to the short side here. Yesterday’s large outside candle holds the potential to drive a fresh phase...

Market Spotlight: GBPAUD Breakout Opportunities

GBPAUD On WatchPrice action in GBPAUD is starting to look interesting here to the long side. Following the failed breakdown below 1.7218, with price instead reversing higher from a strong...

Market Spotlight: BOE In Focus As UK Inflation Hits 40-Year Highs

April CPI Hits 9%The latest set of UK economic data released today confirmed CPI hit 40-year highs last month. Headline inflation rose to 9% from the prior month’s 7% while core inflation was seen...

Market Spotlight: Trading AUDUSD Around Today's US Retail Sales

US Retail Sales Up NextThe main data focus for today’s US session will be US retail sales for April. The market is looking for retail activity to have slowed last month. Forecasts call for headline...

Market Spotlight: GBP Soars As Unemployment Hits 1974 Lows

UK Labour Data Improves AgainThe British Pound is back in favour this week following a bumper set of labour market indicators this morning. UK wages were seen rising by 7% over the three months ending...

Market Analysis: Copper Nearing Next Leg Down?

Copper Prices Break Key TrendlineThe reversal lower in copper prices this year has seen the metal breaking down through several key support levels and through the rising trend line from last year’s...

Market Spotlight: CADJPY Bull-Flag Trade

CADJPY On Watch Price action in CADJPY is looking interesting here. Unlike themoves we are seeing elsewhere against JPY, CAD has failed to breakdown. On the backof last week’s rally in oil prices and...

Market Spotlight: Mizuho Misses Profit Forecast Estimates

Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in...