In our update on Monday, we discussed the possible involvement of speculators in recent Gold moves and the potential for higher volatility that this could generate because they tend to liquidate positions quickly when a particular move turns stale.
It seems this may have had an impact on Gold prices this week, with a push to record highs of 4381 on Monday...
USDJPY initially roared higher when Sanae Takaichi was named as the surprise new leader of the ruling Japanese parliamentary LDP party in early October. A decision which was expected to pave the way for her to become the first female prime minister of Japan, and importantly from a financial markets point of view, see her steer the country down a path of higher...
Gold volatility picked up dramatically last week as concerns regarding the ability of regional US banks to absorb losses from bad loans jostled for position as the new reason for owning Gold as a safe haven hedge with escalating trade tensions between the US and China.
These drivers joined a growing list of problems supporting why traders and investors could be...
It has been a difficult past 7 days for GBPUSD traders. First, prices broke below 1.3320 last Thursday, a level that had held on previous sell offs since the start of September and it looked as though sentiment had turned down, backed up by concerns surrounding the sustainability of UK government debt, flatlining growth to start Q3 and uncertainty regarding the...
Silver has literally jumped to the forefront of commodity market traders’ screens in October as it has soared to record highs, followed by an increased period of volatility, before then moving to even higher levels again this morning. The main reasons seem to be Silver’s attraction as an alternative to Gold as a safe haven/debasement asset in this current period...
With all the talk in the financial press last week of a potential AI bubble, soaring volatility in the precious metals market, and an on-going US government shutdown, perhaps it was understandable that traders were a little on edge going into Friday. So, when President Trump’s new threats of 100% tariffs on China were posted on social media late in the afternoon...
Despite weaker than expected factory orders (4th monthly fall) and industrial production (3 year low) data from Germany earlier this week, which both unexpectedly fell, highlighting weaker growth prospects and structural issues that urgently need to be addressed to support the country’s key industrial corporates to deal with the impact of US tariffs and...
BTCUSD broke above 120000 for the first time since mid-August on Sunday, briefly recorded a new all-time high of 126304 yesterday before edging back lower and consolidating its gains so far this morning (124100, 0730 BST).
This move to new highs has been relatively constant by recent BTCUSD standards. Prices were languishing at 3-month lows around 10800 on...
Last week, Oil (WTI) experienced one of its biggest declines of the year as traders shifted their focus from the potential short term supply constraints that could be caused by further sanctions on Russia and buyers of Russian energy, to concerns of over supply as the International Energy Agency (IEA) warned of a record Oil surplus in 2026, US crude inventories...
Gold has experienced a rollercoaster week up to this point as traders dealt with portfolio rebalancing into the end of Q3 on Tuesday and the fallout from a US government shutdown, which went into effect on Wednesday morning as Republican’s and Democrat’s failed to agree a new funding package for the first time in seven years.
Add to that, central bank buying of...
The US 100 registered its first down week of September when it closed at 24507 last Friday, a weekly loss of 0.4%. Hardly a collapse but a warning that no market moves in a straight line, especially one so sensitive to many of the key drivers that traders are focused on, namely AI and Federal Reserve (Fed) interest rate moves.
It seems that last week’s dip may...
FX markets have been relatively quiet through much of September, taking a backseat to bigger moves in equities and precious metals. However, for USDJPY things may have started to change in the middle of last week, providing a glimpse into opportunities for bigger moves that may lie ahead in a potentially pivotal week for this popular currency.
Looking at the...
NVIDIA’s share price is experiencing an interesting run into the end of September as traders try and work out whether it can extend its run of gains through all time highs sitting just above the 184 level (184.55 Sept 22nd), a line in the sand that has capped the upside since the start of August (more on this in the technical update below).
With NVIDIA being the...
Cryptocurrency markets can be susceptible to large swings in sentiment that can arrive out of nowhere and lead to outsized moves with potentially little rational behind why they have happened. These moves may be due to large one-off flows, reaction to news events, or just the liquidation of excessive positioning when a move may have run its course in the short...
Historically, September is usually a poor month for US stock indices but, so far at least, this year it’s different. The US 30 index, which opened the month at 45609, is up around 850 points, trading close to new all time highs of 46465 recorded yesterday (time of writing 0800 BST). That’s a monthly gain of 1.8%.
Some of the reasons for this positive performance...
With the Federal Reserve having just cut interest rates and guiding towards further cuts this year and through 2026, I have received several requests to explain how traders can understand for themselves what the market is pricing and expecting for Fed policy by a specific point in time.
Perhaps the more simplistic way to view what is priced or implied for the...
As a trader it can be helpful to use a Pepperstone chart to assess the price action of a particular market that you are considering taking a position in ahead of a big event, like a Federal Reserve (Fed) or Bank of England (BoE) interest rate decision, as it could assist in providing an insight into the bias of the wider market as they anticipate the outcome of...
It has been hard to ignore the September move higher in the Gold price, which has seen this popular asset amongst traders rise around 6%, from its breakout above 2 month range high resistance at 3450 on September 1st (more on this below in technical update) to a peak of 3690 this morning.
Now, understandably after such a big move, Gold prices are attempting to...
