After one of the most extreme trading days for the US 500 index that we have seen since the pandemic of March 2020, a slightly uneasy calm has descended across markets this morning as traders await the next tariff updates from President Trump and his team of advisors.
Right now it is still unclear whether President Trump would provide an opportunity for...
Last week popular trades were sacrificed in the global risk sell off. The Germany 40 index fell 9% on the week to close at 20,344, a level last seen in early January. The rush into the relative safety of bonds and cash on Thursday/Friday in response to President Trump’s announcement of reciprocal tariffs of 20% on the EU ensured the Germany 40 index moved into...
President Trump’s confirmation of the size and scope of his reciprocal tariffs last night at a much-anticipated ‘Liberation Day’ event in the rose garden at the White House has resulted in a broad wave of negative risk off sentiment which has seen global stock markets fall, and US indices especially come under severe pressure.
This trade war escalation has also...
After trading between $65-70 for much of March as fears of a slowdown in the global economy would lead to reduced demand, Oil prices popped 3% yesterday to close at 71.50 and have initially nudged higher again today.
The catalyst for the recent move that led to this spike, unsurprisingly, were comments from President Trump. Yes, he seems to be moving all markets...
The Chilean peso continues to face significant downward pressure against the US dollar, recording four consecutive sessions of losses. The local currency has lost the key support of the 200-day moving average, now trading near 960 pesos per dollar, reflecting a sharp decline in investor confidence toward the Chilean currency.
The latest weakness in the peso is...
Risk sentiment crumbled on Friday, taking the US 100 down 3% and within touching distance of its 2025 lows at 19113 from March 11th. More importantly it brought the index to a potentially crucial first retracement support level at 19065. Further details on this in the technical section below.
The weekend brought little in the way of positivity, with protests...
US equities closed the week with significant losses, reversing the gains recorded during the previous week. The S&P 500 and Nasdaq dropped more than 1%, reflecting a clear deterioration in market sentiment amid multiple adverse factors.
The bearish session unfolded in an environment dominated by worrying signs of inflationary pressures, particularly the Personal...
In line with market expectations, the Bank of Mexico unanimously decided to implement another consecutive rate cut during its March 2025 monetary policy meeting. The 50-basis-point reduction brought the policy rate down to 9.00%, marking a forceful continuation of the monetary normalization cycle, one that remains behind its regional Latin American peers.
The...
The Mexican peso has posted three consecutive sessions of losses against the U.S. dollar, signaling a marked erosion in investor confidence. Particularly striking is the fact that this decline has occurred even as the dollar trades in negative territory on Thursday, highlighting the inherent weakness of the peso during the session.
Two key factors appear to be...
A subject within technical analysis that many find difficult to apply to their day-to-day trading is the ability to spot reversals in price.
Yesterday we posted part 1 of this 2 part educational series, where we used GBPUSD as an example of how you could identify and trade a Head and Shoulders/Reversed Head and Shoulders pattern.
In today’s post we discuss a...
The U.S. dollar traded weaker on Thursday, dropping 0.22% in the DXY index, despite the release of economic figures that slightly exceeded market expectations. This negative move becomes technically significant as it occurs near the 200-period moving average, a key level that was breached earlier in March, placing the greenback under greater short-term selling...
A subject within technical analysis that many traders find difficult to apply to their day-to-day trading is the ability to spot reversals in price.
The misreading of price activity when a reversal is materialising can often lead to incorrect decisions, such as entering a trade too early, which can result in being stopped out of a potentially successful trade...
Oil extended gains and approached four-week highs, supported by an unexpected decline in U.S. crude inventories and persistent geopolitical tensions that keep international markets on edge.
The price of WTI has once again surpassed $70 per barrel, its highest level in nearly a month. This bullish move is mainly driven by a 3.3 million barrel drop in U.S....
The US dollar is trading with relative stability this Wednesday, consolidating within a tight range as markets carefully analyze a series of recent economic data that suggest mixed signals about the strength of the world’s largest economy.
The latest durable goods orders report for February surprised to the upside, showing an increase of 0.9%, compared to...
The US 500 rallied 0.8% last week to close at 5666 and in doing so managed to lock in its first up week since early February. The bounce also brought some joy to those dip buyers that had to endure watching the index move into correction territory (10% drop from 6144 high) the previous week when it touched a 6-month low at 5505 on March 13th.
Looking forward, it...
Following hot on the heels of yesterday’s important Bank of Japan and Federal Reserve interest rate decisions, today sees the Swiss National Bank and Bank of England announcements in focus.
While the outcome of the SNB meeting will still be relevant for FX markets, in today’s post we will be taking a deeper look at the potential impact of the BoE decision on the...
The U.S. dollar is regaining ground ahead of the much-anticipated second monetary policy decision of the year by the Federal Reserve, after having been under pressure during the first half of the week. The U.S. Dollar Index (DXY) is showing a 0.4% gain, positioning itself as the strongest currency among major Forex market pairs on this key trading day.
Alongside...
Gold prices have once again captured investors' attention, approaching the psychologically significant $3,000 per ounce level at the start of this week. At its peak, the precious metal briefly hit $3,001, before pulling back again below the 3k mark, keeping it close to its all-time highs.
The recent strength in gold comes as no surprise given the rising global...
