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Market Analysis

Market Spotlight: EURAUD Hits Target

EURAUD Breakout UnderwayThe recent breakout trade in EURAUD issued last week has now hit its target at 1.6163 following a sharp move higher across recent days. EUR has seen a stark shift in sentiment...

Market Spotlight: Trading Today's US Labour Reports

USD On The DeclineThe January US labour reports are due later today and hold the potential to cause big market volatility. The Dollar has come under heavy pressure this week amidst the narrative that...

Market Spotlight: Trading Today's ECB Meeting

ECB Inflation Outlook On WatchThe February ECB meeting today will play second fiddle to the BOE meeting. However, there is still potential for market action in response to the meeting as traders await...

Market Spotlight: Trading Today's BOE Meeting

BOE In FocusThe February Bank of England meeting due today is drawing a great deal of focus, with the market widely expecting the BOE to hike rates by a further .25% to 0.5%. With omicron risks having...

Market Spotlight: First OPEC+ Meeting of 2022

OPEC In FocusThe first OPEC+ meeting of 2022 gets underway today. The group will decide on how to set its production levels for the coming months. Oil prices have been on a solid topside run recently...

Market Spotlight: CAD GDP in Focus Next

CAD GDP Up NextThe release of Canadian GDP today will be closely watched following the recent BOC meeting. While the bank somewhat disappointed CAD bulls by holding off from any policy adjustments, it...

Market Spotlight: NZDCAD Hits Final Target

The NZDCAD trend play initiated a fortnight ago from .8553 has now hits its final target at .8351. Weakness in NZD linked to the return of a nationwide lockdown there, as well as strength in CAD...

Market Spotlight: USDCNH Channel Break On Watch

Weak China Data Weighs On YuanThe latest set of Chinese PMI data sets released overnight have revealed the impact of fresh COVID lockdowns as the country battles omicron. The Caixin manufacturing PMI...

Market Spotlight: Trading Today's US Core PCE Release

US Core PCE In FocusIt’s been a stunning week for the US Dollar with the greenback on curse to close out its biggest weekly gain since June 2021. A hawkish FOMC meeting, teeing up a March rate hike,...