The week started with a gap higher on the Monday open to 75.99 in response to President Trump’s weekend announcement of trade tariffs on Canada and Mexico. This included import tariffs of 10% on energy from the two countries, impacting around 4.5 million barrels per day of oil supplies into the US.
The rally quickly reversed in the afternoon, as headlines...
In an unexpected turn, U.S. job openings resumed their downward trend in December 2024, according to the JOLTS report published by the Bureau of Labor Statistics (BLS). This decline, following two months of improvement, raises questions about the strength of the U.S. labor market and its potential impact on the upcoming January nonfarm payrolls (NFP)...
It’s been a busy start to the week for AUDUSD after President Trump followed through over the weekend with his promise to impose trade tariffs of 25% on Canada and Mexico, and 10% on China, who is Australia’s biggest trading partner, starting on Tuesday February 4th.
AUDUSD was already under pressure after last Wednesday’s CPI reading showed Australian core...
The week started badly for the Germany 40 index as it was dragged lower by the sharp dip in market sentiment created by the fears around Chinese artificial intelligence DeepSeek’s potential impact as a disruptor in the AI space.
However, that early Monday drop to lows at 21,078 didn’t last long, with strong earnings updates from SAP (No.1 weighting in index)...
The Mexican peso is managing to hold strong in a key trading session, showing relative stability amid growing economic uncertainty. However, recent Gross Domestic Product (GDP) data from Mexico paints a slowing growth picture, raising serious concerns about the currency’s medium- and long-term outlook.
While the peso has managed to remain relatively stable...
FX market volatility is back at the start of January 2025 aided by a constant source of headlines from President Trump and his team surrounding the size of potential trade tariffs he may decide to eventually impose on all goods entering the United States.
The EURUSD currency pair has been a leading participant in the volatile moves, touching a low of 1.0177 on...
Trading View Link: US Tech 100 – Entering a Deep Seek for the Next Directional Move for PEPPERSTONE:NAS100 by tv1lsqiw — TradingView
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Title: Entering a Deep Seek for the Next Directional Move
Just as US Tech 100 traders were starting to think about the potential for a renewed attempt at all time highs again after President Trump’s first week...
Global markets closed the week with a tone of moderate optimism, driven by President Trump's statements at the World Economic Forum, where he advocated for an immediate reduction in interest rates and a softer approach to imposing tariffs on China. However, uncertainty regarding the trade and fiscal policies of the new U.S. administration, coupled with mixed...
Gold has risen for 3 weeks in a row to start 2025, leading it back to a 2 month high at 2763 and more importantly only 1.5% away from its October 2024 all time high of 2790.
While Gold prices have been underpinned by on-going demand from global central banks, namely China, its attraction as a safe haven against uncertainty surrounding the path of inflation, a...
The recent data on initial unemployment claims in the United States introduces a note of caution amid an economic outlook that, until recently, appeared robust. Contrary to the narrative of U.S. economic exceptionalism that dominated the first half of January, initial unemployment claims have risen for the second consecutive week, with continuing claims reaching...
While other UK markets, like GBPUSD or Government bonds have been under pressure recently, the UK 100 index has been outperforming due to its composition of multi-national companies.
In fact, the fall in the GBPUSD exchange rate back towards 14-month lows (1.2099 Jan 13th) and a more dovish repricing of market expectations towards a Bank of England rate cut when...
Bitcoin has experienced a slight pullback after two consecutive days of gains largely fueled by growing optimism about the pro-cryptocurrency stance of Donald Trump’s new administration. After hovering around $109,000 and encountering resistance near $107,000, the BTC/USD price dropped approximately 2% on Wednesday, trading at around $104k. However, I believe this...
The Mexican peso is once again under pressure against the U.S. dollar, approaching multi-year lows during certain moments of the day. This depreciation is driven by a confluence of internal and external factors, generating uncertainty in Mexican markets.
The USD/MXN exchange rate has risen by 0.7%, reversing part of the initial optimism following the absence of...
It's a big week ahead for USDJPY traders and volatility has already started to increase to reflect that. Last week USDJPY bounced between a high on Tuesday of 158.20 and a low on Friday of 154.98, before recovering to close the week back at 156.27.
Now much of that USDJPY volatility was tracking US 10 year bond yields, which fell after US inflation prints on...
Following the inauguration of Donald Trump and the observance of Martin Luther King Jr. Day, U.S. stock markets resumed activity with a positive tone, as the S&P 500 advanced 0.4% at the start of the session. This initial optimism is supported by the relative calm that followed the first day of operations under the new administration.
Although the president...
In a context of volatility, Bitcoin has staged a remarkable rally, breaking past the $100,000 barrier once again, generating renewed optimism in the cryptocurrency market. This bullish momentum, with a weekly growth exceeding 8%, is supported by a confluence of factors ranging from political developments to macroeconomic trends.
One of the key drivers of this...
It’s already been quite a volatile week for GBPUSD price action, starting with a dip from opening levels at 1.2205 to register new 14-month lows at 1.2100 on Monday as the recent negative sentiment towards UK assets continued at the start of the week.
This 1.2100 print was reversed quickly, and weak short positions were squeezed back to the topside at 1.2306 on...
The December US inflation data presented a mixed picture, but with a nuance that markets have chosen to interpret optimistically. After a prior week where robust economic data cooled expectations for rate cuts in 2025, the newly released figures offer a welcome relief.
The headline Consumer Price Index (CPI) rose to 2.9% year-over-year, in line with market...
