Pepperstone

Pepperstone Broker

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...

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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...

Pepperstone Broker

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...

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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...

Pepperstone Broker

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...

Pepperstone Broker

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...