Market trading news and analysis

In early-January we published a Breakout Alert highlighting Nvidia’s breakout from a long-term consolidation phase. Nearly two months on, the shares have surged 59% and we’re now left asking, can Nvidia go higher?

EUR/USD and GBP/USD traders struggle for direction ahead of the latest data releases

European equities continue to push higher as risk appetite remains elevated ahead of the Euro Zone February CPI data.

West Texas Intermediate (WTI) continues to move sideways as traders lack the desire to move in either direction

EUR/USD and GBP/USD take advantage of a weaker dollar

FTSE pulls back from the recent bullish rally whilst HSBC shares plunge after weak earnings

Gold and Silver take advantage of a weaker dollar.

The recent exponential surge in the share price of chip maker Arm underscores the fevered speculation gripping the AI sector.

GBP/JPY’s recent price action has formed a bullish Break & Retest pattern – an underrated pattern which represents a structured way to navigate breakouts. Here’s the three key components of GBP/JPY’s Break & Retest pattern.

The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below).