Latest Market News

GDP Rises on Month, Dips on Quarter The latest UK GDP data this morning paints a bleak picture ahead of the BOE meeting on Thursday. At first glance, the 0.5% rise in October looks promising, marking an uptick from the prior month’s -0.6% reading and a beat on the 0.3% the market was looking for. […]

EURJPY Pattern Play EURJPY price action is looking very interesting here ahead of the ECB meeting this week. The pair has been trading higher this year, underpinned by the rising trend line from the March lows. Similarly to what we saw over June – September, price has recently been correcting lower within a bear channel. […]

Chinese currency has risen significantly over the past few days after the government announced a further easing of social distancing measures and travel curbs. However, the rally may be at its initial stages as upside surprises in economic data will likely emerge with a lag in the coming months. Renminbi could strengthen even further against […]

The past week featured quiet volatility on FX and equity markets. The key gauge of US equity’s performance, the S&P 500, oscillated in a relatively narrow range (4050-3930) and is likely to end the week in the red. The price tested the 200-day moving average from the bottom up, but could not move much higher […]

Technical Trade Set Ups For Gold, USDJPY & AUDCAD Source: Tickmill

PPI In Focus Ahead of the November US CPI release next week and of course, the December FOMC, today’s US PPI release will be closely watched. The reading will be interpreted as an indicator of how CPI is likely to print next week with a strong reading raising the chances of a bounce back in […]