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Market Analysis

Market Spotlight: EURCAD Sinks on BOC Rate Hike

BOC Highlights Upside RisksThe Bank of Canada kicked off its tightening cycle as expected yesterday. BOC governor Macklem announced a .25% hike and signalled further hikes to come across the year. The...

Market Spotlight: Trading Today's BOC Meeting

TheBOC interest rate decision today comes at a time when CAD is already on themarch due to higher oil prices. With the market expecting the BOC to lift ratesby a further .25%, along with signalling...

Market Spotlight: Defence Stocks Soar on Ukraine Conflict

BAE Systems Rallying One of the big market themes we are seeing as a result of the conflict in Ukraine is a surge in stock prices of weapons manufacturers and armourers. With Ukraine heavily buying...

Market Spotlight: Ethereum Pattern Trade

ETH Bouncing BackPrice action in Ethereum is looking particularly interesting now following the developments we’ve seen over recent weeks. The decline towards the 2422 level support was accompanied by...

Market Spotlight: GBPCAD Hits First Target

GBPCAD Turning LowerThe short idea issued last week in GBPCAD has now hit its first target at 1.7041. The decline from the double top level has seen the market breaking down through the bull channel...

Market Spotlight: RBC Higher On Earnings Beat

RBC Back In The GreenRoyal Bank of Canada reported Q4 earnings yesterday and stock-holders were pleased to see that the report bank came in above estimates, following the miss in Q3. RBC reported...

Market Spotlight: Trading Today's US Core PCE Data

PCE In FocusLooking ahead to today’s US session, the key data focus will be the release of US core PCE for January. Given the hawkish shift from the Fed and the run of strong data we’ve seen recently,...

Market Spotlight: GBPCAD Trend Change?

Price Shift Coming? GBPCAD price action is catching my eye here. The market has been trading higher within a broad bullish channel over recent months. However, price is now potentially carving out a...

Market Spotlight: Barclays Higher Following Q4 Earnings Beat

Shares in Barclays are trading a little higher ahead of the open today following a positive Q4 earnings release. The bank reported earnings per share of $0.36, well above the $0.26 EPS forecasts....