The Apple share price has been on a roll of late, trading from a low of 224 on August 21st to print a 6 month high of 241 on Friday (Sept 5th), consolidating its position as the third biggest company in the world with a market capitalisation of $3.56 trillion, just behind Microsoft in second place at $3.68 trillion.
However, what happens next for the Apple share...
FX markets are just starting to warm up again after the summer lull which saw many pairs trading in sideways ranges through August. EURUSD has been a prime example of this type of price action. On August 1st it recorded a low at 1.1392, recovered quickly and then traded between a high of 1.1743 seen on August 22nd and a low of 1.1574 on August 27th.
However, the...
After a slow start to trading in September due to the US Labour Day bank holiday on Monday, volatility for US indices has picked up across the week as traders react to multiple drivers, including concerns about the sustainability of government debt in the US, Europe and the UK which weighed on sentiment Tuesday, big tech getting a key win in one of the biggest...
The summer months can often lead to ranges forming for certain FX markets, as traders take their well-earned breaks and news flow or events lack the impetus to see moves extend in any one direction. That has certainly been the case for USDJPY, which after a brief bout of volatility, when the popular currency pair moved from a low of 145.85 on July 24th to a high...
Gold has been trading in a 3250-3450 range since the middle of May, but events last week saw prices test and close right at the top of that range on Friday. The drivers impacting this push higher in Gold, which could remain in play for traders in the first week of September, were numerous. These included President Trump’s on-going challenge of Federal Reserve...
It’s been a choppy week for Oil (WTI), with traders frequently adjusting their positions in response to various short-term factors. On Monday, optimism around a potential Federal Reserve rate cut, which could stimulate the global economy, drove oil prices higher and WTI rose from its opening level of 64.28 to a three-week high of 65.84.
Tuesday saw selling...
Last week was a challenging one for US 100 traders who had to negotiate a period of increased volatility caused by concerns of the development of an AI bubble leading to over extended valuations for key technology companies, and then a headline speech from Federal Reserve Chairman Powell at the Jackson Hole symposium where he hinted at the potential for rate cuts...
For much of last week AUDUSD was struggling for any upside momentum at all, as an initial fall from a high at 0.6524 on Monday kicked off 4 straight down days in a row, eventually hitting a low of 0.6414 on Thursday, and again on Friday, pre–Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole.
Then, on Friday afternoon it all changed. Powell was more...
It's been a nervy couple of days for the US 500 index with US technology giants led by NVIDIA taking a hit as traders looked to reduce some risk ahead of Federal Reserve (Fed) Chairman Jerome Powell's Jackson Hole Symposium speech on Friday (1500 BST), where he could shed some light on whether or not the current market expectation of 2 25bps (0.25%) interest rate...
Last Thursday GBPUSD printed a 1 month high at 1.3595, capping an August rally that saw it bounce just over 450 pips from a low of 1.3140 seen on August 1st. Now, the question for FX traders to consider is where does GBPUSD move next?
The August rally seems to have helped ensure that many of the over-extended weak GBPUSD short positions have been squeezed out...
The Germany 40 index registered its last record high at 23639 on July 9th and since that date has struggled to regain the upside momentum that took it there, with general sentiment towards European indices taking a dip after the EU agreed to a trade deal imposing 15% tariffs on exports to the US, the ECB decided to pause cutting interest rates to assess incoming...
Gold’s role as a safe haven in times of stress, whether geo-political or tariff related has kept prices riding a rollercoaster up and down between range highs at 3450 and range lows at 3250 since the start of June.
It’s popularity with central banks, led by China, as a diversification asset away from the US dollar has also helped to underpin prices on dips,...
Technology stocks in the US 100 have been leading the resurgence of US assets back up from their April lows for a while now, driven higher by fresh demand for magnificent 7 stocks, artificial intelligence capital expenditure and increased expectations for Federal Reserve (Fed) interest rate cuts, which its hoped by traders will restart again when the Fed have...
It’s only 5 weeks ago that the RBA surprised FX traders by keeping interest rates on hold to provide policymakers with extra time to assess new information on the Australian economy and to confirm that the direction of inflation is moving back down towards 2.5% on a sustainable basis. This decision helped AUDUSD to post a 2025 high of 0.6625 on July 24th, a level...
Oil (WTI) has moved back to the forefront of traders thinking this week after OPEC+’s weekend decision to raise September production by circa 550k barrels per day. They also put traders on notice that all options remain open regarding further production increases to replace another output layer, amounting to 1.66 million barrels per day that has been offline since...
It’s a new week and GBPUSD is attempting to rebound from a 2-month low that it hit at 1.3140 on Friday. So far, the recovery has been relatively minor, with a high of 1.3308 registered yesterday. Whether the up move can extend from this point or new downside price action is seen may now depend on several factors specifically impacting the UK (GBP) and US (USD)...
Just as the US 30 became the last of the three major US indices to register a new all time high last Monday at 45160, on a final wave of positivity generated by the announcement of a trade deal between the US and EU, it was snatched away again as traders used the up move to take profit on longs.
This initial fall evolved into 5 straight daily declines which...
It’s been a while since we covered the UK 100, but it feels like recent moves and the fact there is a Bank of England (BoE) rate decision next Thursday (August 7th) means it warrants some extra attention.
For much of 2025 the UK 100 has been the under achiever when compared to other European indices, but things have changed slightly in July as a result of the...
