The day ahead for AUD/USD all you need to know:

AUD/USD key resistance at 0.7470. Pivot: 0.7470Our preference: short positions below 0.7470 with targets at 0.7440 & 0.7425 in extension.Alternative scenario: above 0.7470 look for further upside with 0.7490 & 0.7505 as targets.Comment: the break below 0.7470 is a negative signal that has opened a path to 0.7440.Supports and resistances:0.75050.74900.74700.7456 Last0.74400.74250.7400 Brought to you by […]


Market insight

MARKET INSIGHT: Parallel channel on the daily chart shows the euro on resistance trendline, with horizontal ceiling at around 1.20008, hinting of a potential downtrend. The downside could be technically confirmed by Stochastics showing overbought levels.High-impact news for today coming out from the Eurozone will be mainly Core CPI, to be released by 5:00 pm […]


Market Insight

Technical analysis: MARKET INSIGHTS: Gold is on the daily resistance trendline, with RSI technically hinting of a further downside for the precious metal. Horizontal trendline should be somewhere 1757.10, with horizontal support at 1716.71. Within the horizontal resistance and support is a trading range of 400 pips, indicative of enough liquidity and viable trading opportunity.However, […]

Bitcoin surges past $56,000

Tesla Bitcoin

Bitcoin has surged past $56,000 thanks to Elon Musk investing more than $US1.6 billion into the crypto currency. Further to this he announced that Tesla will also begin accepting bitcoin as a form of payment for its products in the near future. Following this announcement we saw the price of Bitcoin reach $56,078.41. This move […]

The week ahead

We have a full week of  announcement in the week ahead. How is the pandemic affecting the markets? Which economy is on the rise? German Retail Sales will be first cab of the ranks today followed by US ISM manufacturing PMI, RBA Interest Rate Decision and Europe GDP tomorrow. Lets take a look at what […]

Learn To Trade Forex Webinar

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Markets Today

In the Markets Today we have seen some consolidating in many pairs and even in gold after a bounce in US dollar as global fears rise surrounding restrictions due to Covid. EUR/USD, GBP/USD, XAU/USD, AUD/USD all suffer losses. But why such a retreat after several days of gains? Whilst the safe haven dollar is gaining […]

What Biden Means For The Markets

Joe Biden

The long awaited day has come where after four eventful years have past and a new President has been inaugurated. But what does Biden mean for the markets. President Joe Biden has not wasted any time in implementing new policies and overturning old ones. Already we have seen the new president rejoin the Paris Climate […]

Is Canada set to bounce?

Is Canada set to bounce?

PMI week U.S. calendar has manufacturing ISM, construction spending, auto sales Canada calendar focuses on Q3 GDP, expected to rebound 48.0% Dollar and yen softer, Kiwi dollar hit 1-yr high vs yen, amid risk-on positioning European stock markets have rallied after a strong close in Asia UK final Nov manufacturing PMI revised up, to 55.6 […]

Key Drivers for the Week of Nov 30 – Dec 4

Key Drivers for the Week of Nov 30 - Dec 4

Key Drivers for the Week of Nov 30 – Dec 4 · Vaccine developments boost optimism, but virus a near term headwind · Wall Street rallied to record highs, Dow hit 30k on promising vaccines · Bond rates likely capped by ongoing central bank accommodation · U.S. employment and ISM reports likely to show some […]