- Accounts
- Accounts
- Compare accounts
- Funding and Withdrawals
- About
- Trading
- Platforms
- Tools
- News & Education
- News & Education
- News & Analysis
- Education Hub
- Economic Calendar
Featured
AUDUSD Soars on RBA Hike, EURUSD underperforms, CAD, GBP, JPY wrap
USD was firmer on Tuesday amid a light news calendar sparse in any key risk events. The US Dollar index again having a choppy session in a tight range with EURUSD weakness giving the Dollar a tailwind, also helping the greenback was ramped up US growth forecasts from Goldman Sachs and the World Bank hitting the wires. EUR was the G10 underpe...
June 7, 2023
Read More > Could the Reserve Bank of Australia hike rates further?
The Australian interest rate is currently at 3.85% and the most recent consumer price index (CPI) released at 6.8% which indicates slightly higher than expected inflation growth (expectation was 6.4% with previous data at 6.3%). This puts more focus on the upcoming interest rate decision from the Reserve Bank of Australia (RBA). While further rate ...
June 6, 2023
Read More > US markets lower as rally takes a breather on disappointing data, Apple underwhelms
US stock indices were broadly lower in Monday’s session after an impressive start to June took a breather on a quiet news day, with the only tier one release being ISM services PMI which had a surprise miss coming in at 50.3 vs an expected 52.6 indicating the US economy is struggling to remain in expansion (a reading above 50). Apple (AAPL) he...
June 6, 2023
Read More > The trading week ahead – Central banks back in action RBA, BoC
Debt ceiling issues finally being put to rest last week saw a broad rally in US and global, with a big move up on Friday seeing the S&P 500 have its best week since March and hit it’s highest level since August last year. With Asian and US futures pointing to positive start to the week the risk on narrative seems to be continuing and w...
June 5, 2023
Read More > US stocks rise to start the new month on debt ceiling optimism, data and Fed speak – NFP ahead
Major US indices broadly rallied in Thursdays session as the US debt ceiling can got kicked another two years down the road after a deal was passed through Congress, US data and Fed speak also supported a narrative shift in expectations of how hawkish the Fed is going to be going forward. The Nasdaq again led gains, (+165 points / 1.28%) , The N...
June 2, 2023
Read More > Hot CPI fails to hold AUDUSD above key level
Australian CPI released today surprised to the upside coming in at 6.8% y/y , well above the consensus of 6.4% which itself was an increase on March’s figure of 6.3% Coming into the figure futures markets had priced in a measly 2.5% chance of a hike next week by the RBA, that changed dramatically with odds jumping to 18.8% for a 25bp hike ac...
May 31, 2023
Read More > Asian markets looking to open lower after mixed US session
Major US indices finished mixed in the US Tuesday session with AI-mania propping up the Nasdaq to a green finish while continuing debt ceiling jitters kept risk appetite muted for the broader market. Continuing Ai mania saw Nvidia (NVDA) briefly crossed into the $1 trillion market cap club before pulling back later in the session, still up 3% fo...
May 31, 2023
Read More > The Week ahead – Debt ceiling deal, NFP and Aussie CPI – charts to watch
News over the weekend of a tentative debt ceiling deal had been achieved should see investors in the week ahead return to their usual programming of trying to predict the next move from the Federal Reserve, which this week’s jobs data will be a critical component. Late Saturday, the White House and Republican negotiators announced a debt ceili...
May 29, 2023
Read More > US stocks finished mixed – Nasdaq surges on NVDA earnings boost – Gold down again
US indices finished mixed in Thursdays session two up, two down though with an overall positive bias on debt ceiling progress and strong economic data. The Nasdaq easily outperformed as a huge up day from Nvidia (NVDA + 24%) after a positive earnings report saw the tech heavy index surge over 200 points. Strong data was also released...
May 26, 2023
Read More > US stocks sink as debt ceiling impasse continues to weigh on investors, RBNZ rate decision today
Major US indices were lower on Tuesday, extending to the downside through the session, as debt limit negotiations extend further to the edge after little progress was made in further talks between the White House and Republican negotiators. The Nasdaq slumped 160 points 1.26% as the risk off tone and tightening economic conditions hit growth stocks...
May 24, 2023
Read More > AU and Asian markets open in the green after mixed lead in from Wall St
The ASX200, Nikkei and Hang Seng are all looking to open in the positive after a mostly positive lead from Wall St with all major US indices but the Dow eking out gains despite ongoing debt ceiling headwinds and some hawkish Fed speak. The Russell 2000 saw strong advances, aided by a bounce in regional banks with PacWest (PACW) surging after anno...
May 23, 2023
Read More > The Week Ahead – RBNZ, UK and US inflation and debt ceiling impasse headline risk events
With Junes FOMC policy meeting still up in the air as far as markets are pricing in, FOMC minutes and US PCE core inflation figures (reportedly the Fed’s favoured measure) released this week will be closely watched and likely go a long way to settling market participants mind as to what the next move from the fed will be. From the UK inflation da...
May 22, 2023
Read More > US equities rally, dollar and yields surge on data and hawkish Fed speak
US indices were firmly higher on Thursday with a Big Tech bias, with the Nasdaq outperforming , rallying 1.5%, lifted by the likes of Nvidia (NVDA), Amazon (AMZN), and particularly Netflix (NFLX), which saw near double-digit strength after a positive ad tier subscriber update. Strong data releases (good news is good news now?) and a more haw...
May 19, 2023
Read More > AUD analysis – waiting for a catalyst – range trading and mean reversion opportunities
The Aussie dollar has been fairly directionless since late February with it seemingly waiting for a catalyst to break it’s ranges and take the next leg up or down, data this week has failed to provide that. This opens up a couple of very good opportunities for traders, range trading the AUDUSD and mean reversion trades on the AUDNZD. Starting ...
May 18, 2023
Read More > US stocks surge on bounce in regional banks and debt ceiling optimism
Major US indices finished solidly in the green in a broad rally as risk appetite returned to the market amid optimism debt ceiling negotiations and a reassuring update from regional bank Western Alliance (WAL) which reported growth in its deposits. The Dow was up over 400 points, or 1.24% while the Russell 2000 outperformed, up over 2%, flying on a...
May 18, 2023
Read More > 
