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...
After a choppy start to the week for USDJPY and JPY Crosses, such as EURJPY, with traders bombarded with headlines related to trade tariffs and retaliatory measures, the back end of the week has seen some USDJPY downside emerge as general long dollar positions are scaled back, and economic data from Japan has provided support for the view that the country’s...
The recent monetary policy decision by the Bank of Mexico (Banxico), which reduced the interest rate by 50 basis points to 9.5%, marks a significant moment in the current cycle of monetary normalization. Although the market consensus already anticipated a cut, the 50-basis-point magnitude reflects the majority of the Governing Board members’ confidence that...
In a global environment still marked by uncertainty, the Mexican peso is showing relative stability ahead of the imminent monetary policy decision by the Banco de México (Banxico). The expectation of a 50 basis points cut in the interest rate this month reflects a strategic calculation: to seize an opportunity to continue stimulating the economy while the relative...
The Mexican peso remains in a delicate position, struggling with a series of internal and external factors that exert pressure on its value. Despite a weaker U.S. dollar midweek, the local currency has faced notable downward pressures, reflecting the complex economic landscape that Mexico is navigating.
Global trade uncertainty continues to be a key factor. While...
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
Main Chart Link:
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...
