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Market Analysis

Market Spotlight: USD Downside Risks Into Today's Data
Market Spotlight: USD Downside Risks Into Today's Data

FOMC Minutes in FocusThe FOMC minutes later today are drawing plenty of attention amidst the growing talk of a “Fed pivot”. With Q2 GDP having come in negative, confirming a technical recession, and...

Market Spotlight: Coinbase Off Lows Despite Weak Earnings
Market Spotlight: Coinbase Off Lows Despite Weak Earnings

Coinbase Holding Above LowsShares in Coinbase are continuing to hold above the yearly lows, despite a dismal set of Q2 earnings from the company last week. The crypto broker posted EPS of -$4.98, down...

Market Spotlight: GBPCAD On Watch
Market Spotlight: GBPCAD On Watch

GBPCAD Base Building?GBPCAD is one pair I’m monitoringwith interest currently. The market has been trading lower over the year,tracing an orderly bearish channel from the roughly 1.65 highs down to...

Market Spotlight: Apple Shares Higher on Solid Q2 Earnings
Market Spotlight: Apple Shares Higher on Solid Q2 Earnings

Apple Rallies on Earnings BeatShares in US tech titan Apple are trading higher today on the back of a solid set of Q2 earnings yesterday. Apple reported earnings per share of $1.20, just above the...

Market Spotlight: US Stocks Rallying on Recession News?
Market Spotlight: US Stocks Rallying on Recession News?

US Enters Technical Recession Markets received news yesterday that the US has unofficially entered recession following adv Q2 GDP contracting, marking a second quarterly decline. Following Q1's 1.6%...

Market Spotlight: Nasdaq Opportunities Into Today's US Adv GDP
Market Spotlight: Nasdaq Opportunities Into Today's US Adv GDP

USD Adv GDP Up NextOn the back of last night’s very interesting FOMC, traders are now turning their attention to the next round of US data due today. Markets will get their first look at US GDP over...

Market Spotlight: Meta Platforms Reports First Quarterly Sales Decline
Market Spotlight: Meta Platforms Reports First Quarterly Sales Decline

Shares in iconic US tech firm Metal Platforms Inc, led by Facebook founder Mark Zuckerberg, are trading lower ahead of the open today. The company was hit this week by a negative set of second quarter...

Market Spotlight: Walmart Shares Collapse on Profit Warning
Market Spotlight: Walmart Shares Collapse on Profit Warning

Walmart Notes Consumer Spending ChangeShares in iconic US retailer Walmart cratered yesterday. The company’s stock plunged by over 7% at the open yesterday following a profit warning from the company...

Market Spotlight: AUDNZD To Break Higher?
Market Spotlight: AUDNZD To Break Higher?

AUDNZD Approaching Key LevelPriceaction in AUDNZD is looking interesting here. The pair has been trending higherwithin a broad bullish channel this year. Recently, the rally has stalled atthe 1.1166...