The recent reduction in global trade tensions has helped Crude Oil (WTI) prices recover from lows of 55.64 seen on May 5th, to trade comfortably above 60 for the last 2 weeks. Traders have readjusted their thinking and positioning to account for a slightly more stable background for the global economy, and its potential influence on upcoming demand for...
EURUSD has recently been struggling for upside momentum as a reduction in trade tensions have boosted the dollar, and hopes for another ECB rate cut in June have weighed on the Euro.
This has seen a selloff in the world’s biggest FX pair from its 2025 highs at 1.1573 posted on April 21st, to a low of 1.1065 on May 12th, as US and China trade representatives...
The US 500 index recorded a 2-month high of 5958 on Friday before settling back to close the week at 5922, an incredible 24% rally from the index's tariff induced lows at 4799 seen on April 7th. Impressive indeed.
However, late on Friday evening the ratings agency Moody’s downgraded US government debt from its top credit rating of Aa1 to Aaa, citing a ballooning...
USDJPY experienced a significant move higher at the end of April/beginning of May, as first, the Bank of Japan (BoJ) started to indicate caution towards further interest rate hikes due to the uncertainty caused by the introduction of President Trump’s trade tariffs, a potential negative for the JPY. This was followed by dollar demand linked to Monday’s...
A press conference yesterday morning led by US Treasury Secretary Bessant and Trade representative Greer outlined a positive conclusion to the first round of trade talks between the US and China. The news grabbing headline was a 90 day reduction in combined US levies on Chinese imports being reduced from 145% to 30% and Chinese duties on US goods dropping from...
Gold prices rallied 0.6% on Friday to close at 3325 as traders rushed to obtain some safe haven protection against the uncertainty of whether the outcome of trade negotiations between the US and China, taking place in Geneva over the weekend, may yield positive or negative results which could have significantly impact all markets on the Monday open.
Roll forward...
