Market Update

GBP/USD slightly down for the second session in a row. Technical factors indicate losing buyer momentum as RSI approaches the 50-midline. A drop below 1.2700 could push GBP/USD towards key moving averages near 1.2686 and potentially lower.Upside seen above 1.2750, with buyers eyeing 1.2800.The British Pound extended its losses for …

ECB President Christine Lagarde stated that interest rates are not on a linear downwards path and that policymakers could wait more than one meeting before cutting them again. Markets now expect little more than one rate cut over the four remaining policy meetings this year and between 3 and 4 …

U.S. stock index futures retreated on Monday, June 10th, relinquishing some of the previous week’s strong gains as investors braced for the upcoming Federal Reserve meeting and the release of crucial inflation data. Market Overview Dow Jones Futures: Down 0.2%S&P 500 Futures: Down 2.1%Nasdaq 100 Futures: Down 0.1% The main …

Oil prices saw a slight increase on Monday, June 10th, driven by optimism surrounding a potential surge in fuel demand during the upcoming summer months. However, the gains were tempered by a strengthening dollar, fueled by diminishing expectations of immediate U.S. interest rate cuts. Analyst Projections and Market Sentiment Goldman …

European stock markets took a significant hit on Monday, June 10th, as investors reacted to the results of the European Parliament elections, which saw gains for nationalist and euro-skeptic parties. This surge in the right is expected to lead to a more polarized European Parliament, potentially hindering the passage of …

Gold prices remained largely flat in Asian trading on Monday, reeling from last week’s losses as concerns about high U.S. interest rates intensified ahead of a Federal Reserve meeting and crucial inflation data this week. The precious metal retreated from near-record highs following Friday’s stronger-than-expected nonfarm payrolls report, prompting traders …

The financial markets displayed a mixed performance this past week, as investors navigated a confluence of economic data, central bank policy updates, and ongoing geopolitical tensions. While some sectors thrived, others took a backseat, reflecting the underlying uncertainty about the future trajectory of the global economy. Equity Markets Take a …

Surprisingly, the US NFP numbers were far higher than anticipated. It is improbable that an additional rate decrease will follow the ECB rate cut. The European Central Bank (ECB) President Christine Lagarde issued a warning that a follow-up rate drop to June’s quarter-point rate trim may not be in the …

The USD/CHF pair bounced back on Friday during the North American session, reaching as high as 0.8965 at the time of writing thanks to the US’s better-than-expected Nonfarm Payroll statistics. The yield on US Treasuries rose as the likelihood of a September Fed cut decreased. Following the announcement of revised …

The US stock market had a wild session on Friday, falling at first as the Federal Reserve’s intentions to lower interest rates this year were called into question by a better-than-expected jobs report. Investors had been waiting for news that would suggest the economy was slowing down and would result …