The US 500 Index has been under pressure at the start of 2025 after a series of strong US economic data readings see traders and investors dismiss any hopes of a Federal Reserve (Fed) rate cut in the first half of the year from their minds.
Not only that, uncertainty around Donald Trump’s actual plans for US tariffs on key trading partners has weighed on...
Oil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls...
The US labor market has ended 2024 with unexpected strength, significantly exceeding market expectations. The addition of 256,000 new jobs in December, the highest figure in nine months, contrasts with forecasts of 160,000, consolidating a year of economic resilience. This robust data adds to a series of positive economic indicators, such as the services PMI and...
The start of a New Year is always a time to not only look back on the old, but also look ahead to the new.
Resolutions are often made during this period, so we wanted to provide some suggestions of what you could try from a trading perspective in the year ahead.
1. Keeping a Trading Journal: This doesn’t have to be as onerous as I’m sure you’re thinking!...
The Mexican peso is once again under pressure against the US dollar, following the release of Mexican inflation data that came in below market expectations. This depreciation, reflected in a 0.25% increase in the USD/MXN pair on Thursday, adds to a global and local context marked by uncertainty.
The renewed strength of the dollar, driven by the resilience of the...
Gold has advanced in recent sessions, reaching $2,660 per ounce, despite the strong headwinds posed by a robust U.S. dollar and the rise in Treasury yields.
Although gold experienced a temporary rebound of over 1% yesterday, pressure from the strength of the dollar and the increase in Treasury bond yields limited its ability to sustain gains. This behavior...
Technology stocks have started the year on a solid footing supported by Microsoft’s announcement to invest $80 billion this year on data centre infrastructure and hopes that the potential trade tariffs that will be initially implemented by Donald Trump’s administration may not be as sweeping as first thought.
Next however, Nasdaq 100 traders must negotiate a week...
Gold has made modest ground through Asia, adding $8 on the day, however, the news flow certainly suggests a higher probability that we could soon see increasing buying flows, as investors start to seek out portfolio protection from the incoming tariff hostilities.
News that China added to its gold reserves for a second consecutive month in December, taking its...
AUDUSD’s near 11% fall from late September highs at 0.6942 to the December 31st low at 0.6179 has been an extraordinary, almost one way move, where a series of broader based AUD negative factors and USD positive factors combined to create a perfect downside storm.
Those negative AUD factors include a slowdown in the economy of key trading partner China, the...
After posting a gain of around 23%, 2024 was undoubtably another strong performance for the US 500 index. However, hopes of that much discussed ‘Santa Rally’ failed to materialise. Undermined by hawkish comments from Federal Reserve (Fed) Chairman Jerome Powell on December 18th at the press conference following another 25bps (0.25%) interest rate cut.
His...
In previous posts within this series, we have covered, Bollinger Bands and moving averages, where we’ve shown how each technique can help determine the trending condition of an asset. If you haven’t already, please look back at our timeline to view these posts.
Now we want to look at another trending indicator, which can help to provide a quick and easy read of...
GBPUSD – Can The Rollercoaster Price Action Continue?
What a difference a day can make to market expectations and positioning. GBPUSD was riding high around 1.2720 late Wednesday afternoon on the back of stronger UK wage growth and inflation (CPI) readings from earlier in the week, creating some uncertainty about what its next directional move maybe.
Then,...
Those of you that follow USDJPY and yen crosses in general, know how quickly they can change direction within a short time frame, especially when there are big event drivers like the Federal Reserve (Fed) and Bank of Japan (BoJ) interest rate decisions scheduled within 12 hours of each other.
That is the case tonight, with the Fed interest rate decision released...
The US 100 has been on a roll over the last 2 weeks adding around 800 points or about 3.5% since its opening level of 20,950 on Monday December 2nd.
This week however, the US 100’s December rally faces a tough test on Wednesday in the form of the Federal Reserve Interest Rate Decision (1900 GMT) and the Press Conference led by Chairman Jerome Powell (1930 GMT)....
In a past post, we looked at how you can possibly use Bollinger bands within your trading. So, if you haven’t already read it and would like to, please look at our past posts for details.
Today, we want to cover moving averages, which is another trending indicator. Trending indicators are important because they allow us to confirm activity currently being seen...
It’s only been just under 3 weeks since EURUSD hit two year lows at 1.0331 on November 22nd yet it seems like a lot has happened in that short period, including EURUSD rebounding quite impressively to touch 1.0630 on Friday 6th December.
Now however, that short squeeze from the lows has cooled as the focus shifts to on-going political problems in France and the...
Oil fell 1.7% on Friday to close at 2 week lows of 67.21, as traders digested OPEC+’s decision from the day before, to postpone planned production increases from January to April 2025.
While this OPEC+ move was widely seen as a positive attempt to address the current expected Oil surplus moving into next year, it seems the initial assessment was that it’s...
Growth stocks within the US 100 index have sprung back into life this week, after a period of under performance, when compared to industrials and small cap stocks. The US 100 has added around 3% over the previous 4 trading days, supported by a rally in megacap stocks, led by Nvidia, after Fed Chairman Jerome Powell talked positively about the current state of the...
