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Market Analysis

Market Spotlight: USDJPY Short Update & US GDP Preview

USDJPY Short In Play The recent USDJPY short idea triggered on a break below the 128.50 level with price currently sitting around half-way to the first target. The move lower has been rather laboured,...

Market Spotlight: FOMC Minutes on Deck Tonight

USD Poised for FOMC MovesTonight’s FOMC minutes release will of course be centre stage for traders. The recent squaring of long positions in USD puts the Dollar in a very interesting place ahead of...

Market Spotlight: GBPCAD Upside Potential

GBPCAD On Watch Price action in GBPCAD is looking interesting here. The pair has been moving lower in a tight bearish channel over recent months. However, the most recent lows saw strong bullish...

Market Spotlight: JP Morgan Rallies on Interest Income Upgrade

JP Morgan Lifts Profit ForecastsShares in US bank JP Morgan are seeing better demand this week following an encouraging profit forecast from the bank yesterday. Notably, the Morgan lifted its...

Market Spotlight: EURCAD Let's Try This Again

EURCAD Testing Key LevelEURCAD is on watch for me here. I was a little premature it seems at the start of the month looking for a breakout. However, following the failed downside break of 1.3439 price...

Market Spotlight: GBPCAD Bullish Reversal On Watch

GBPCAD Reversal Set UpPrice action in GBPCAD is looking very interesting here to play to the long side. Following a couple of really great short trades over the prior decline, the pair looks to have...

Market Spotlight: GBP Rallies on Surprise Retail Sales Beat

Retail Activity Rises Despite Inflation The British Pound has seen strong demand again today following an unexpectedly strong set of retail sales for April. The data, released this morning, showed...

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...