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Market Analysis

Market Spotlight: GBP Soars As Unemployment Hits 1974 Lows
Market Spotlight: GBP Soars As Unemployment Hits 1974 Lows

UK Labour Data Improves AgainThe British Pound is back in favour this week following a bumper set of labour market indicators this morning. UK wages were seen rising by 7% over the three months ending...

Market Analysis: Copper Nearing Next Leg Down?
Market Analysis: Copper Nearing Next Leg Down?

Copper Prices Break Key TrendlineThe reversal lower in copper prices this year has seen the metal breaking down through several key support levels and through the rising trend line from last year’s...

Market Spotlight: CADJPY Bull-Flag Trade
Market Spotlight: CADJPY Bull-Flag Trade

CADJPY On Watch Price action in CADJPY is looking interesting here. Unlike themoves we are seeing elsewhere against JPY, CAD has failed to breakdown. On the backof last week’s rally in oil prices and...

Market Spotlight: Mizuho Misses Profit Forecast Estimates
Market Spotlight: Mizuho Misses Profit Forecast Estimates

Mizuho Warns Over Russia-Ukraine ImpactShares in Japan’s third-largest lender, Mizuho, are sitting on major support today following the release of Q1 earnings yesterday. The group noted a 56% drop in...

Market Spotlight: Fed's Powell Opens Door To .75% Hikes
Market Spotlight: Fed's Powell Opens Door To .75% Hikes

Fed chairman Jerome Powell warned markets yesterday that the central bank cannot promise a soft landing. The Fed is fighting to get inflation under control and back down to its 2% target while...

Market Spotlight: Bitcoin Collapses As
Market Spotlight: Bitcoin Collapses As "Crypto Winter" Deepens

Bitcoin Falls HardIt’s been a cruel year for crypto traders. The leading crypto coin, Bitcoin, is now down over 60% on the year, having plunged by more than 40% since late March. A ferocious rally in...

Market Spotlight: AUDJPY Short Hits First Target
Market Spotlight: AUDJPY Short Hits First Target

AUDJPY Breakdown UnderwayThe recent AUDJPY short idea highlighted in a market spotlight this week has now hit its first target at 89.13. The reversal in risk appetite over recent session and the rise...

Market Spotlight: Coinbase Collapses on Q1 Earnings Miss
Market Spotlight: Coinbase Collapses on Q1 Earnings Miss

Coinbase In TroubleShares in leading crypto exchange Coinbase are falling even faster this week. Amidst the broader stock plunge we’ve seen recently, linked to hawkish Fed expectations, coin base...

Market Spotlight: Will US CPI Send USDJPY Lower?
Market Spotlight: Will US CPI Send USDJPY Lower?

US CPI Up NextThe key data focus today will be the release of US CPI for April. The release is drawing plenty of attention given that headline inflation is expected to have grown just 0.2% last month,...