AUDJPY Long TriggeredThe long idea issued in AUDJPY last week has now triggered on the break of 95.67, with price moving towards first target at 96.98. The rebound in risk sentiment this week, fuelled...
Market Spotlight: Trading Jackson Hole Today
All Eyes on PowellAhead of Fed chairman Powell speech at the Jackson Hole Symposium later today, market expectations are leaning broadly in favour of a hawkish outcome. On the back of a hawkish set of...
Market Spotlight: AUDJPY Looking To Breakout?
AUDJPY Bull FlagAUDJPY price action is looking interesting here. Following the latest peak in June, AUDJPY has been correcting lower within a bear channel, which can be viewed as a bull flag within...
Market Spotlight: ETH Merge News Driving Rally
ETH on Watch While the crypto market, as a whole, is still seeing a washout this year, Ethereum has been quietly grinding higher over recent weeks. ETH is seeing some specific support linked to a...
Market Spotlight: Nasdaq & US GDP
USD GDP On WatchToday’s revised US Q2 GDP figures will be closely watched ahead of Fed chairman Powell’s Jackson Hole speech tomorrow. The initial figures pegged a dire -0.9% reading for the quarter...
Market Spotlight: BBBY Shares Boom & Bust Ride
BBBY Shares ReverseFollowing an incredibly near-400% rally over the first two week of August, shares in struggling retailer Bed Bath & Beyond are almost back to where they started the month. The...
Market Spotlight: GBPJPY Triangle On Watch
GBPJPY on WatchPrice action in GBJPY is lookinginteresting here. The pair has been grinding higher this year within a broadbullish channel. The rally has recently stalled into the 168.39 level,...
Market Spotlight: Keep An Eye On Crude
Crude Reversal Underway?Following a sustained decline from early highs on the year around $121.50s, crude prices are starting to turn higher again this week. Crude future shave been moving lower in a...
Market Spotlight: EURUSD Hits Lowest Level in 20 Years
With the USD seeing a fresh wave of demand, EURUSD has fallen to its lowest level in over 20 years with the pair now back under parity for the second time this year. Soaring inflation in the eurozone,...
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