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Market Analysis

Market Spotlight: NZDUSD Hits Second Target
Market Spotlight: NZDUSD Hits Second Target

NZDUSD Hits Second Target The NZDUSD short trade from .6806, issued ahead of the latest US CPI readings, has now hit its second target at .6596. NZD has come under heavy selling pressure over recent...

Market Spotlight: NZDCAD Approaching Final Target
Market Spotlight: NZDCAD Approaching Final Target

NZCAD Sell-Off DeepensThe NZDCAD short trade issued ahead of the recent BOC meeting is developing nicely with price close to hitting the final target at .8351. The Canadian Dollar has been much...

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