EURCAD Breaking OutThe EURCAD long idea issued last week has triggered on the break above the 1.3198 level, with the market now looking to be carving out a stronger basing formation. The test of the...
Market Spotlight: Riksbank Hikes By 1%
Riksbank Hikes AgainThe Swedish Riksbank kicked off a busy week of central bank meetings in style today, announcing a full 1% hike in its headline rate. The move, which takes policy up to 1.75%, was...
Market Spotlight: Markets Shaky Following Biden Taiwan Comments
Risk Sentiment Suffers On Biden ComentsAlong with the current rally in USD, risk sentiment appears to be suffering at the start of the week on the back of comments made by President Biden. During an...
Market Spotlight: GBP Sinks As UK Retail Sales Plunge
UK Retail Sales PlungeThe British Pound has come under heavy selling pressure on Friday in response to the latest economic data out of the UK. Retail sales for August were seen falling to -1.6% from...
Market Spotlight: CADCHF Trend Line Break on Watch
CADCHF Looking to Break LowsCADCHF shorts look good here. The market has been grinding lower from the May highs and has now broken below the rising trend line from 2020 lows. The retail market is more...
Market Spotlight: Stronger USD Weighs on Copper Prices
Copper Traders Eyeing A Downside Break?The fear and uncertainty around the prospect of a global recession over the remainder of the year are well reflected in the recent price action we’ve seen in...
Market Spotlight: BOJ Price Checks Boost Yen
JPY Rallying on WednesdayThe Japanese Yen has seen a fresh wave of demand today. Part of the rally is clearly down to safe-haven inflows linked to the drop in risk assets on the back of yesterday’s...
Market Spotlight: UK Inflation Softens Slightly in August
The latest UK CPI data received this morning shows that consumer prices slowed last month in the UK to 9.9% from the prior month’s 10.1%. The market was looking for an unchanged reading against that...
Market Spotlight: Pressure On BOE As UK Wages Rise Again & Unemployment Falls
UK Wages Rise As Unemployment Falls The latest UK labour market data released today has further increased expectations of aggressive tightening action from the BOE. The unemployment rate was seen...
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