Gold has seen its price volatility increase across the first three trading days of this week. The initial move was a 3% spike higher from opening levels at 3339 on Monday, to a one month high of 3439 early on Wednesday morning, as traders sought out Gold as a safe haven hedge against renewed political attacks on the independence of the Federal Reserve and more...
Renewed demand for US assets has been evident throughout July so far and this has helped to lift the US 100 index to new heights with gains of over 2.5% across the month. The technology heavy index has risen from opening levels around 22650 on July 1st, then recorded several all time highs, before eventually finding some selling interest after printing the most...
The week ahead has all the elements to be a volatile one for EURUSD traders to navigate. First, the unwind of long positions that has been on-going throughout July, since prices hit a 4 year high at 1.1830 on July 1st may have potentially found a short-term base after rebounding last week from printing a low of 1.1556 on Thursday. More on this in the technical...
Tariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week. This has lead to some choppy price action for the index, which after opening on Monday at 24140, has bounced between a Tuesday high of 24293 and a...
So far, the month of July has not been a good one for GBPUSD, undermined by the precarious state of the UK Labour government’s finances, a deteriorating growth backdrop, and shifting interest rate differentials back in favour of the US dollar. This has seen a liquidation of stale long positioning and a steady decline from a 40 month high of 1.3789 registered on...
So far in July, the US 500 has recorded multiple all-time highs on its way to an eventual peak of 6294 on Thursday (July 10th), from which it finally succumbed to some profit taking into the weekend, leading to a small Friday sell off to close at 6255 (-0.4%).
Along the way traders have ignored mixed US economic data, and more importantly they have, for the most...
In FX markets, the USDJPY currency pair has moved more than most this week. Initially trading higher, rocked by President Trump’s unveiling of the tariff letter sent to Japan on Tuesday in a social media show outlining new tariffs on Japanese imports of 25%, supported by rising US 10 year treasury yields (+10 bps on week), which often can influence USDJPY prices,...
Tough talk on tariffs at the back end of last week and over the weekend from President Trump ahead of his 90 day pause deadline, which is due to end tomorrow (July 9th), helped to put a small dent in trader sentiment, slightly undermining the recent strong upside momentum seen in the US 100 index.
This led to a sell off from fresh all time highs of 22908...
In a week that is light on economic data and events, with a heavy emphasis towards what happens next once President Trump’s 90-day tariff pause ends on Wednesday (July 9th), the AUDUSD currency pair has more than most for traders to focus on.
This is due to the fact the RBA, the Australian central bank, decides early Tuesday morning (0530 BST) whether to cut...
The price of Oil (WTI) fell dramatically last week, from a high of 78.88 on Monday June 23rd to a low of 65.21 on Tuesday June 24th, as a ceasefire was first agreed and then held between Israel and Iran. This shifted the focus for traders back to US trade talks and looming tariffs, the direction of US economic growth and the potential for another OPEC+ production...
This morning, EURUSD recorded a near 4 year high at 1.1807, the beneficiary of improving risk sentiment, uncertainty about the ECB’s next interest rate move, and concerns about what President Trump’s tax cut bill, that is progressing through the Senate currently, could mean for the sustainability of the US debt burden moving forward.
Now, with the FX quarter end...
Positive price activity continues to materialise within equity indices, with several over recent sessions, successfully posting new all-time high trades.
The US 500 index is no exception, with at the time of writing (7.30am Monday 30th June) a new upside extreme just posted at 6208, see chart below.
However, such moves into new all-time high ground, which...
Gold is back in focus this morning after it fell to a 3 week low at 3287 in early European trading.
Part of the reason for the fall may have been the on-going ceasefire agreement holding between Israel and Iran, which can reduce the need for Gold as a safe haven, or prices may have been influenced by comments from US Commerce Secretary Lutnick made to Bloomberg...
Early trading this Monday morning has been dominated by President Trump's surprise weekend decision to launch airstrikes on three nuclear sites in Iran, which may increase the potential for a wider conflict in the Middle East.
After closing at 21,652 on Friday, this news led the US 100 to a gap open lower to 21,375 in early Asian trading, however, this drop...
Since hitting its most recent all time high of 24469 on June 5th the Germany 40 index has experienced some downside pressure as traders have moved to lock in profits on a very strong start to the year. This move has the potential to turn June into the worst monthly performance of 2025 so far, although there is still another 8 trading days to go.
This short-term...
Yesterday’s Bank of Japan meeting saw the central bank act as expected. They kept interest rates unchanged and slowed the pace at which they will decrease monthly JGB purchases by half to help ensure market stability. This eventually assisted USDJPY to push higher and touch a peak early this morning at 145.44, matching a monthly high set on June 11th (145.46)....
A quickly escalating conflict in the Middle East between Israel and Iran has seen Oil (WTI) volatility increase dramatically as the focus for traders has shifted overnight from worries about an on-going lack of demand due to a slowing global economy over to major supply concerns moving forward from this oil rich region.
This shift has seen Oil trade from lows of...
The escalation in geo-political risks overnight in the Middle East, marked by Israel's attack on Iranian nuclear sites which was followed by Iran's retaliatory drone strikes against Israel, have seen a rush to safe haven assets, which this time included buying dollars (a rarity of late!).
This has seen GBPUSD fall quickly from a fresh 2025 high hit early this...
