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Market Analysis

Market Spotlight: AUDCAD To Break Lower?

AUDCAD Sitting on Key LevelPrice action in AUDCAD has piqued my interest here. Following the latest failed attempt at breaking out above .9391/.9474, price has since broken through the rising trend...

Market Spotlight: Netflix Tanks On Record Subscriber Loss

Netflix -25% Pre-MarketShares in US streaming giant Netflix are trading down by around 25% ahead of the US open today. Sentiment turned heavily bearish for Netflix in response to its Q1 earnings...

Market Spotlight: GBPCAD Ready To Make Another Big Move?

We had a great short trade on GBPCAD earlier in the year, playing the double top and channel break, and conditions look to be lining up for a fresh short. GBPCAD has recently settled into a block of...

Market Spotlight: Japanese Fin Min Warns Over JPY Weakness

Suzuki Weighs in On JPY DeclineJapanese Finance minister Shunichi Suzuki this week warned over the negative impact to the Japanese economy that the current depreciation in the Yen is having. JPY has...

Market Spotlight: NZDCAD Short Hits First Target

NZDCAD Selling OffThe NZDCAD breakdown through .8553 has hit its first target at .8475. With oil prices rallying again recently, CAD has seen better demand. This has also come amidst recent...

Market Spotlight: CADCHF Breakout on Watch

CADCHF Eyeing Key LevelCADCHF is sitting at an interesting level here. Following the breakout above the .7367 highs, price has stalled into a test of major resistance at the .7496 level and is now...

Market Spotlight: USDCAD Plunges on BOC Rate Hike

BOC Hikes And Signals More To ComeThe Canadian Dollar has seen fresh demand today following yesterday’s April BOC meeting. BOC governor Tiff Macklem announced a .5% hike, as expected, marking the...

Market Spotlight: NZDCAD Opportunities Around BOC Meeting

BOC Up Next The big focus over today’s US session will the BOC April rates meeting. Following a firmly hawkish shift by the Fed, and a larger-than-expected hike from the RBNZ, the market is now braced...

Market Spotlight: GBPJPY Rallies On UK Inflation Beat

UK Inflation Soars AgainThe British Pound has been well bid today following the latest set of inflation figures from the ONS this morning. UK headline CPI was seen surging higher to 7%, year on year,...