Markets were adrift last week as traders grappled with intensifying global risks. The unresolved twin threats of a full-blown trade war and escalating Middle East conflict kept investors on the defensive. Despite some tentative diplomatic efforts, neither front showed meaningful progress, leaving equities vulnerable after months of sustained gains. With investor confidence fraying, global indexes…
Markets Market positioning about the near term Bank of England’s policy rate path has been quite volatile over the past months. Going into the May decision, investors expected the UK central bank to ditch its gradual rate cut cycle to give the economy additional backing going through the turbulent tariff period. They were wrongfooted. The…
Markets US headline retail sales dropped for a second consecutive month. May sales fell by 0.9% M/M while consensus expected a more modest contraction of 0.6%. Seven out of thirteen sales categories posted declines. For the likes of building materials (-2.7% M/M), gasoline (-2% M/M) and motor vehicles (-3.5% M/M), it’s…
EURUSD stabilizes after 3½-year high as Middle East tensions escalate. Technical picture continues to favor the bulls; next barrier likely near 1.1685. EURUSD surged to a three-and-a-half-year high of 1.1630, following weaker-than-expected U.S. inflation data and a relatively more hawkish commentary from ECB policymakers. However, the outbreak of bombings between Israel and Iran has rekindled…
Key Highlights EUR/USD started a fresh increase above the 1.1420 resistance. A key bullish trend line is forming with support at 1.1500 on the 4-hour chart. GBP/USD is now consolidating gains near the 1.3550 zone. Gold prices are moving higher and might revisit $3,465. EUR/USD Technical Analysis The Euro gained pace for a move above…
Global Financial markets have endured months of turmoil, with overlapping concerns over the US debt downgrade, recession fears, and an intensifying global trade war. The sharp escalation in Middle East conflict last week has only deepened the anxiety, as Israel and Iran exchanged strikes, raising the specter of prolonged regional instability. With the 90-day reciprocal…
Markets Trade talks between the US and China entered their second day in London. The presence of US Treasury Secretary Bessent, commerce secretary Lutnick, trade representative Greer and Chinese Vice Premier He Lifeng and commerce minister Wang Wentao underscores the importance of that gathering one week after US President Trump and Chinese President Xi Jinping…
Risk sentiment improved last week, driven by the solid US non-farm payroll report that helped ease fears of a deepening slowdown. Adding to the optimism was a thaw in US-China relations. While no concrete breakthrough emerged, the fact that both sides were willing to engage again offered some relief to global markets weary of tariff…
The EUR/USD pair rose to 1.1418 before pausing, as bearish sentiment towards the US dollar intensified following the release of disappointing US macroeconomic data and escalating trade tensions. The dollar is under pressure from weak data and trade uncertainty The dollar came under renewed pressure after the release of weaker-than-expected US manufacturing activity data for…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolding as an impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place. We knew that the structure in…