Market Spotlight: EURJPY Long Opportunities On Watch
EURJPY On Watch Price action in EURJPY is looking interesting to the long-side here. Following the reversal lower from the failure at 143.80, price has since traded back down to test the 137.74 level...
Market Spotlight: BOJ's Kuroda Defends Bank's FX Intervention
BOJ Cites Need For Continued EasingThe governor of the Bank of Japan, Haruhiko Kuroda, today defended the BOJ’s intervention in FX markets last week. The BOJ was seen selling massive amounts of USD in...
Market Spotlight: GBPUSD Reversing Sharply Off All-Time Lows
Markets React Negatively to UK Government Mini-BudgetThe British Pound has seen it’s most volatile trading period since the start of the pandemic with GBPUSD crashing almost 10% lower, falling to its...
Market Spotlight: Downside Risks For Today's US PMIs
US PMIs Up NextThe next set of US PMI reports for the services and manufacturing sectors are due today and will be closely watched following the downside surprises seen last month. The drop in...
Market Spotlight: EUR Sinks As PMIs Fall Further
PMIs Turn Lower StillThe latest round of Eurozone PMIs today highlighted worsening economic conditions in the single customs union. Both services and manufacturing sector readings were seen plunging...
Market Spotlight: EURCAD Longs Triggered
EURCAD Breaking OutThe EURCAD long idea issued last week has triggered on the break above the 1.3198 level, with the market now looking to be carving out a stronger basing formation. The test of the...
Market Spotlight: Riksbank Hikes By 1%
Riksbank Hikes AgainThe Swedish Riksbank kicked off a busy week of central bank meetings in style today, announcing a full 1% hike in its headline rate. The move, which takes policy up to 1.75%, was...
Market Spotlight: Markets Shaky Following Biden Taiwan Comments
Risk Sentiment Suffers On Biden ComentsAlong with the current rally in USD, risk sentiment appears to be suffering at the start of the week on the back of comments made by President Biden. During an...
Market Spotlight: GBP Sinks As UK Retail Sales Plunge
UK Retail Sales PlungeThe British Pound has come under heavy selling pressure on Friday in response to the latest economic data out of the UK. Retail sales for August were seen falling to -1.6% from...
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