NVDA joins the $4Tr club
The posterchild of the AI revolution, Nvidia, continues to smash record high after record high, and push the boundaries of equity valuations, by officially becoming the first public company to reach a $4 trillion dollar market capitalization. The AI-chipmaker juggernaut has proven to be the most reliable paly in institutional investors’ portfolios since the start […]
Copper strikes record highs after Trump’s renewed tariff plan
Last week, copper prices surged to a three-month high, extending their longstanding rally, amid tightening global supply fears and a rush by exporters to redirect shipments to the US ahead of potential import duties. Yesterday traders flooded the market with bids and pushed copper prices to a historic high of $5.88 per pound, swiftly reacting […]
RBA holds its horses
Earlier today in the Asian session, the Reserve Bank of Australia took the markets by surprise, as it decided to keep its key cash rate intact at the 3.85%, abstaining from a 25bps rate reduction with the committee opting for caution amidst uncertain trade conditions. Even though policymakers noted that inflation has been trading within […]
Week Ahead schedule:
Let’s have a look ahead on what to expect this week: Monday: We note Eurozone’s retail sales updates and the speculative net positions releases from the CFTC. Tuesday: We highlight the Reserve Bank of Australia’s interest rate decision early in the Asian session, the EIA’s short term energy outlook report and Canada’s Ivey PMI for […]
The resiliency of the US labour market
Job growth in the US once again surprised gloomy forecasters and supressed worries for an imminent downturn in world’s largest economy, as the latest NFP print once again broadcasted resiliency, despite the restrictive monetary policy environment, created by the Fed. The jobs report for June showcased that 147k new jobs were created, toppling the 110k […]
US payrolls data inbound
Without a shadow of the doubt, the main event of the day is the Non-Farm Payrolls print for the month of June, which is going to showcase the strength of the US labour market and provide valuable clues for policymakers’ projection models. According to market forecasts, the unemployment is expected to uptick by a tenth […]
Oil Weekly Update: Market attention shifts back towards OPEC
Technical Analysis of Oil WTI Chart – Crude futures remain directionless around the $66 per barrel area ahead of OPEC meeting WTI futures remain rangebound between the $64.5 (S1) and $68.50 (R1) per barrel, since our last report, area as traders await in anticipation for the commentary of the OPEC meeting inbound on Sunday. Given […]
Senate approves Trump’s bill
After an all-nighter, Trump’s “One, Big, Beautiful Bill” passed through the Senate and is now up to the Congress to pass the legislation before the 4th of July celebrations later this week. Even though three Republicans defected from voting for the passage of their party’s proposal, the vote of confidence from Vice President Vance, tilted […]
Euro area inflation seen near ECB’s target
The preliminary print of Eurozone’s harmonized consumer price index (HICP), which gauges inflation trends across European nations will be the point of interest for Euro traders today, since it could indirectly give insights in to how ECB policymakers policy plans onwards. According to expectations, core inflation, which excludes volatile food and energy prices, across the […]
China’s manufacturing output underperforms
Earlier today in the Asian session, traders came face to face with the latest PMI data updates from the Red Dragon and conflicting results hinted that authorities may need to do more stimulus work to keep the economy going. Even though services activity continued to expand and at a faster pace than economists projected, the […]
The Fed’s favorite inflation metric gets an update
After a tumultuous week filled with geopolitical events, traders now switch their attention towards “traditional” economic news releases and to be specific, the release of the Core PCE index update for the month of May. Given the fact that the Federal Reserve primarily focuses on the aforementioned release in order to gauge the potency and […]
Outflows from the greenback intensify
Investors remain concerned about the state of the US economy given the aspirations of the current administration in regards to its fiscal political policies and seek safety elsewhere in order to insulate their holdings. On the geopolitical front, investors remain cautious towards the state of affairs in the Middle East, assessing the potency of the […]
Oil Weekly Update: Tensions ease post Israel-Iran ceasefire
Technical Analysis of Oil WTI Chart – Negative momentum drives WTI prices closer to fresh 4 year lows WTI futures are now attempting to consolidate and form base around the $65 per barrel area after the sharp correction since the announcement of the ceasefire between Israel and Iran, as traders await patiently for more developments […]
Nasdaq on the brink of breaking into new record highs
After two consecutive weeks of relatively thin trading conditions and apparent lack of volatility, equity futures across the US have managed to make headway this week and rally higher, as the resolution (temporary?) of the conflict between Israel-Iran tamed fears, and nudged investors to return to their default, risk-off approach. Outflows from safe haven assets […]
Trump declares the end of the war after Iran’s symbolic strike
Tension quickly dissipated earlier today after the Iranian regime decided to restrain from escalating tensions and instead retaliated by “symbolically” striking a US base in Qatar. The US administration and more specifically President Trump, branded the response from Iran as “weak” and quickly proclaimed the end of the war between the two mortal enemies and […]
World braces for Iran’s retaliation
Over the weekend and in a historic first, the United States put to usage their bunker-buster missiles and conducted military strikes on three Iranian nuclear facilities, in order to dismantle Tehran’s nuclear program and prevent the regime from ever achieving nuclear proliferation. Seven B-2 bombers, 125 aircraft, and more than 75 precision-guided weapons conducted the […]
Silver futures fall from 13-year highs
After an impressive technical breakout and the rally of silver futures into fresh 13-year highs, traders opted to capitalize on the overextension by taking profits and await for further information. The Federal Reserve’s decision to keep policy rates intact earlier this week, noting the prolongment of its longstanding cautious and data dependent approach, due to […]
Monetary policy decisions round-up
Making a start with the Federal Reserve’s rate decision yesterday, the central bank decided to kept rates intact as widely expected at the 4.25%-4.5% for the fourth straight meeting and the policymakers dot plot graph showcased projections that only two rate reductions will follow in 2025. The board remains still concerned about the impact of […]
Oil Weekly Update: Energy markets in a state of nervous anticipation
Technical Analysis of Oil WTI Chart – Rallies towards the peak of last Friday’s spike with strong momentum, as Israel-Iran hostilities escalate WTI futures managed to swiftly recover most of the short-lived pullback losses, rebounding strongly towards last Friday’s $77.60 peak as traders project that the prolongment of the conflict between Israel and Iran could […]
All eyes on the Fed
Without a shadow of a doubt, the main attraction of this week is the upcoming policy rate decision from the Federal Reserve later on today alongside the speech from the head of the central bank for gauging the trajectory of interest rates in the foreseeable future. As for the actual decision, the market has already […]