GBPUSD has experienced some big moves over previous weeks, which have seen it trade from a September 20th high of 1.3433 to a low of 1.2487 on November 22nd.
Recently, GBP has been negatively impacted by a slowdown in economic growth in the third quarter, a disappointing Autumn budget and a clear-out of weak long positioning. This has all been at the same...
The reaction in markets is what interests the most, and on the day, despite US Treasuries finding form, we’ve seen broad USD strength, the S&P500 has pushed to its 55th new all-time high in 2024, while gold and crude are largely unchanged. We also see sizeable dispersions in the daily returns in the crypto space, with XRP and Chainlink arguable the standout plays,...
After closing out the best month of the year so far with a 5.6% gain in November, the US 500 index faces a sterner test in the week ahead. There are several key pieces of tier 1 US economic data and a moderated discussion, which includes the Chairman of the Federal Reserve, Jerome Powell, to consider.
Backdrop for the Week Ahead:
In a sleepy end to...
Few like investing in Europe at present, and while France remains constrained by political risk, the German equity index (GER40) is doing everything right from a technical and price action perspective, and positioning for further upside seems the play.
Having held the 19k support level throughout November, the bulls have built a solid platform to progress,...
The US Thanksgiving holiday usually marks a quieter period for trading, as US financial markets are closed on Thursday and US traders often take the Friday off as a holiday to benefit from a long weekend. This can see both lower volume and volatility, so we thought we’d take this time to outline one of our favourite technical indicators, called Bollinger Bands. ...
Despite the crosscurrents of tariffs, ceasefire agreements and an impending OPEC+ meeting, a certain calm descends over the crude markets and stability is the order of play. The Brent futures price looks quietly content in a $75 to $71 range, and I see these levels as defining the near-term directional risk - where a breakout of either level would offer some...
The initial reaction to the decisive November 5th Donald Trump Presidential election victory led to selling of long gold positions which were being held as a hedge against a delayed or contested result. This selling was strong enough to prompt a more prolonged setback, as over-extended upside conditions were unwound.
The decline saw prices drop by $253 in...
The weekend decision by US President Joe Biden’s administration to allow Ukrainian forces to use Western supplied long-range missiles to strike Russia, surprised markets and pushed the Ukraine war and its knock on impact for Europe, European indices and the Euro back to the forefront of traders minds this week.
Ukrainian forces didn’t wait long to take their...
Last week was a tough one for stocks in the Nasdaq 100, as a bout of risk aversion saw the index unwind over 50% of its gains generated after Donald Trump’s win in the Presidential election on November 5th.
So far this week, the index has stabilised, and yesterday’s 0.6% rally ended a five-day run of losses. However, technology stocks are still in focus, given...
While so much attention from equity and index traders has recently been on US election trades and the flow-on effect into markets from Trump 2.0, attention now switches towards Nvidia and the volatility that is expected from its Q325 earnings.
As many who have traded Nvidia’s prior earnings will attest, earnings are historically where big moves play out on the...
For traders following GBP/USD and GBP/EUR, today’s UK budget rollout might be impactful. The Labour government’s plan introduces a £40 billion tax increase and invests in infrastructure—moves that could shape the pound’s trajectory. While the fiscal measures aim to strengthen public finances, they may exert near-term pressure on GBP, potentially affecting growth...
Gold. The word alone carries a certain weight. For centuries, it has held a place not just in our vaults but in our hearts, symbolising wealth, power, and security. But why, in a world of ever-evolving financial markets and digital assets, does gold continue to hold such an emotional appeal for investors? And more importantly, what are the risks we may overlook?
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Tesla’s Q3 earnings report surprised Wall Street, with the electric vehicle (EV) giant posting a 9% increase in profit*, surpassing expectations. Despite revenue coming in slightly below forecast, Tesla’s stock surged over 12% in after-hours trading. Elon Musk’s bullish tone during the earnings call added to the positive sentiment, as investors focused on Tesla’s...
While Nvidia is constantly making headlines for its stock performance, what really makes the company exciting is how its technology is shaping the future in ways most of us might not realise. Beyond just computer chips, Nvidia is building the brains behind some of the coolest advancements in artificial intelligence (AI)—from self-driving cars to smarter healthcare...
One-way traders can look at expected volatility and movement in the S&P500 over the US election volatility is by looking at the premium or the differential that VIX October futures hold over VIX November futures.
Because the VIX index takes in a series of S&P500 options strikes that blend to create a 30-day implied volatility, the October VIX futures essentially...
It’s a huge week ahead by way of event risk for traders to navigate positions over – traders, therefore, need to be aware of key timings and consider the possibility for volatility and if there is a skew in the directional risk when the market learns of the outcome. That is typically a function of reviewing expectations and the outcome relative to what is ‘priced...
We’ve seen some selling of gold in early Asia trade today, but after a solid 2.8% rally last week the gold bulls really needed follow-through selling in the USD to push the price into $2400 - the surprise second-round French election outcome is certainly curbing interest to buy EURs today and that is limiting moves in the USD.
The tailwinds do suggest pullbacks...
Taking a short-term view, the oil market feels delicately poised and what happens over the next 24-48 hours could be very telling for the near-term passage of play.
After a near 14% rally from the 4 June lows, which took price through the May range highs of $80.91, and after a huge bullish position adjustment in both Brent and WTI futures, we’ve seen price pull...
