The US 500 bounced 1.4% from its January 2025 lows on Friday, ensuring a volatile week of trading finished on a slightly more positive note than may have been the case earlier in the day. However, the strength of this rally is likely to be put through a stern test in the week ahead. Why?
The week is packed full of risk events, including key US economic data, in...
Gold posted a new record high on Monday at 2956 as a period of risk aversion supported by a series of weaker US economic data releases but led by a sell off in technology stocks, that started on Friday, continued to dominate the markets attention. However, roll forward another 48 hours and Gold prices have just traded at a 2 week low of 2880.
What’s interesting...
US equity markets are starting to show some strain. On Monday, the US Tech 100 dropped 1.2%, bringing the decline since Friday to around 3.5%. The main catalyst seemed to be a reduction in long positioning in some key Magnificent Seven stocks ahead of AI bellwether Nvidia’s quarterly earnings update that is due out after the market close on Wednesday.
These...
EURUSD has traded as high as 1.0528 overnight after the Conservatives, led by Friedrich Merz won the German election.
Whether this move is capable of becoming something more than a relief rally response is likely to be determined by a number of factors, some of which are specific to Germany, including how quickly a new government can be formed, their approach to...
Volatility in the oil market has intensified during the week’s close, with crude futures registering significant declines that practically erase the accumulated gains of the week. West Texas Intermediate (WTI), the U.S. benchmark, experienced a near 2.2% drop, driven mainly by geopolitical factors and supply data that have surprised to the downside. In particular,...
Bitcoin extends its bullish momentum, supported by increased risk appetite in the cryptocurrency sector, marking three consecutive sessions of gains and heading towards a positive weekly close after three weeks under pressure. Currently, it is trading around $99,000, reinforcing the perception that, despite recent volatility, investors still maintain support and...
In some ways it was no surprise to see the Germany 40 index fall 1.8% yesterday, which was its biggest drop for well over 2 months. After all it has been quite a rally to start the year and there had to be some profit taking at some stage, surely!
The rally has seen multiple record all-time highs hit, supported by an improving earnings backdrop, hopes of a peace...
Trading markets should be simple right? Establish the direction of a price trend, take a position in the direction of that trend and enjoy the ride!
Of course, in practice, we all know trading is never that easy. All traders go through similar anxieties regarding whether the current level is the correct one to trade.
Perhaps one of the hardest challenges if you...
Gold remains at the center of attention as one of the most attractive safe-haven assets, extending its bullish rally for the second consecutive session and trading near its all-time high of around $2,940 per ounce. This performance is particularly noteworthy considering it has occurred despite the rebound in the U.S. dollar and the rise in Treasury yields, with...
Last week AUDUSD rallied 2% from opening levels around 0.6230 on Monday to a Friday close at 0.6355, as tariff fatigue saw FX traders reduce dollar longs across the board into the weekend.
At the start of this new trading week, the direction of AUDUSD is likely to be determined by local events, with the RBA convening early on Tuesday morning (0330 GMT) to...
The week’s closing session unfolded under the expectation of potential “reciprocal tariffs” from the United States, which ultimately will not be implemented immediately. This decision eased initial market jitters and led to a weaker dollar, as fears of an escalating trade war subsided—for now.
The U.S. outlook was also shaped by weaker-than-expected consumption...
The U.S. dollar faces another challenging session, with the DXY index dropping 0.4% in the end-of-week session and posting a weekly decline of 1.4%, bringing the greenback to levels unseen since early December. This performance is largely attributed to disappointing January retail sales data and trade tensions stemming from the potential implementation of more...
Copper prices have resumed an upward trajectory, surpassing the $4.7 per pound mark on Thursday, a level unseen since mid-2024. This growth stems from multiple factors, primarily rising uncertainty over whether the Trump administration could expand existing tariffs on steel and aluminum to other raw materials and metals, including copper. So far, copper has...
UK preliminary GDP for Q4 released this morning surprisingly rose 0.1% versus a decline of 0.1% that was expected, meaning the UK economy registered some growth at the end of 2024.
While that may not seem like much it comes at an interesting time for GBPUSD, which has briefly traded back to 1 week highs above 1.2500, and brings into focus an interesting...
Oil prices experienced a significant decline after three consecutive days of gains. West Texas Intermediate (WTI) recorded its biggest drop since January, falling approximately 2.5%, partially affected by the latest report from the U.S. Energy Information Administration (EIA). The report revealed an unexpected increase in U.S. crude inventories of 4.1 million...
Since the high of 6101 on December 6th, the US 500 index has entered a period of choppy sideways price activity, reflecting a 2 month timeline when buyers and sellers have been in balance. This range has faked out those traders looking for a fresh series of all time highs or for moves back down to lower levels which were last seen in the middle of 2024.
This...
After a period of gains, copper prices are experiencing a bearish session on Tuesday, marking their first decline after six consecutive positive trading days.
In recent weeks, copper, often referred to as "Dr. Copper" for its predictive ability regarding global economic health, has demonstrated a remarkable bullish trend, reaching its highest level in 8 months....
Gold prices have risen steadily to start 2025 supported by central bank buying and its popularity as a safe haven hedge against general market uncertainty created by President Trump’s pursuit of aggressive tariffs on key trading partners, increased government spending, a slowdown in global growth and geopolitical risks.
All of this led to Gold touching a new...
