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Market Analysis

Market Spotlight: Powell Confirms .5% Rate Hike 'On Table' For May FOMC

USD Rally ContinuesThe US Dollar is seeing better demand into the end of the week following comments from Fed chairman Jerome Powell yesterday. Powell, who was taking part in an IMF meeting regarding...

Market Spotlight: Tesla Smashes Q1 Earnings Forecasts

Tesla Beats EPS & Revenues Forecasts Q1Shares in US alternative energies and automotive maker, Tesla, are trading around 6% higher ahead of the US open today. This comes on the back of a solid Q1...

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...