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Technical Analysis

Nasdaq Breaking Out As Fed Rate Bets Shift
Nasdaq Breaking Out As Fed Rate Bets Shift

Stocks Rally on CPI DropThe Nasdaq is trading at its highest level since early 2022 this week as the index continues to rally against the backdrop of a weaker US Dollar. The index is now up almost 5%...

GBPJPY H4 | Bearish reversal from 38.2% Fibo
GBPJPY H4 | Bearish reversal from 38.2% Fibo

TitleGBPJPY H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry...

Bitcoin On Verge Of Major Bullish Breakthrough
Bitcoin On Verge Of Major Bullish Breakthrough

BTC Testing Key LevelFollowing a move up to their highest level this year yesterday, Bitcoin prices are today sitting right up against a major resistance level. Bulls are looking for a breakout here...

GBP Rallies As UK GDP Dips Less Than Forecasted
GBP Rallies As UK GDP Dips Less Than Forecasted

GDP Dips in May… But Less Than ExpectedThe latest set of UK economic data today was a mixed bag. On the headline GDP reading, the UK economy was seen contracting in May, falling 0.1% against the prior...

Gold Soars As USD Falls Following CPI Slide
Gold Soars As USD Falls Following CPI Slide

Gold RallyingThe fall in USD this week has helped gold prices recover sharply.  With US inflation seen cooling further last month, US rate hike expectations have plummeted. While a hike is still...

USDJPY Plunges On Fresh US Inflation Fall
USDJPY Plunges On Fresh US Inflation Fall

US CPI Falls AgainThe US Dollar has come under heavy selling pressure today on the back of yesterday’s US inflation data. On the yearly figure, CPI was seen cooling to 3% from 4% prior, below the 3%...

Can EURUSD Breakout On US CPI?
Can EURUSD Breakout On US CPI?

USD Downside RisksToday’s US CPI release will be pivot for FX markets near-term. While a further .25% hike from the Fed is widely expected as the base case scenario for the July FOMC, expectations...

Crude Breaking Out Ahead of EIA Inventories Release
Crude Breaking Out Ahead of EIA Inventories Release

Oil RallyingOil prices are trading firmly higher into the middle of the week with crude futures expanding on last week’s gains. The rally has seen futures trading higher by around 12% off the June...

BOC Meeting Opens Up Bearish NZDCAD Risks
BOC Meeting Opens Up Bearish NZDCAD Risks

BOC Up NextThe Bank of Canada meeting today is drawing plenty of attention with the BOC widely expected to hike rates by a further .25% on the back of last month’s unexpected rate hike. The BOC...