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Market Analysis

Market Spotlight: Trading The November RBNZ

RBNZ Up NextThe big event focus today is the RBNZ November meeting due over tonight’s Asian session. Expectations are high heading into the meeting with the market pricing in a .25% rate hike, in line...

Market Spotlight: EURNZD Short Update

EURNZD Short In PlayThe recent EURNZD breakdown trade idea has now triggered with the market having broken below the 1.6159 level. We’ve now spent three days below the level and, while the market...

Market Spotlight: GBPAUD Hits First Target

GBPAUD On The MoveThe breakout trade in GBPAUD has hit its first target at the 1.8578 level, where the channel top is offering additional resistance. Despite the moves lower in GBP today, GBPAUD is...

Market Spotlight: DXY Bull Channel Trade

DXY Bull Channel In FocusThe rally in the US Dollar this week has seen the DXY breaking out above the prior 2021 highs around 94.63, trading up as high as 96.30. However, the move into the bull...

Market Spotlight: GBPAUD Breaking Out

GBPAUD Turns HigherThe recent block of consolidation in GBPAUD is finally resolving now with price breaking out above the 1.8438 level. A solid string of data release from the UK this week (labour...

Market Spotlight: Tracking The Ethereum Correction

The roughly 17% fall in Ethereum will not be welcomed by bulls. The bad news, however, is that we might have a little further to go before we see significant buying kick in again. Price is currently...

Market Spotlight: Trading October US Retail Sales

US Retail Sales Up NextThe key data focus today (and of this week) will be the release of US retail sales for October. On the back of last week’s bumper US inflation data for the same period, the...

Market Spotlight: EURCAD Breakout Risks

EURCAD Is The Certainly Assessing the charts ahead of the weekend, the current price action in EURCAD is worth discussing. Following the heavy sell off over September, the pair has been range bound...

Market Spotlight: Gold Hits Initial Target

Gold In DemandThe breakout idea in gold, issued this week, has hit its initial target. The breakout in gold prices this week came despite a set of higher-than-expected inflation figures for the US,...