When equities hit records and crypto goes the other way, the dollar is usually the story. Here’s what’s actually happening and why it matters for traders trying to read risk sentiment. What Actually Happened? The S&P 500 briefly cleared 7,540 to test all-time highs on Tuesday last week. Bitcoin, at roughly the same moment, spiked toward $78,020 around the…
I think that pretty much sets the tone of what we can expect this week. That being another week where we go back and forth on the same issues awaiting both sides to strike a compromise, just so that we can get on with the optics of a deal. Trump’s full tweet: “Iran really wants to make a deal,…
Gold (XAU/USD) kicks off the new week on a subdued note and remains on the back foot below a two-week top, around the $4,600 neighborhood, touched on Friday. Persistent geopolitical uncertainties, along with hawkish US Federal Reserve (Fed) expectations, help the US Dollar (USD) regain positive traction, which, in turn, is seen as a key factor acting as a…
USD/CAD is testing a key resistance zone as jobs data, oil headlines, and Fed expectations line up for a volatile week.
China’s RatingDog/S&P Global Manufacturing PMI eased to 51.8 in May from 52.2 in April, staying above 50 for a sixth straight month, as input price inflation eased for the first time in six months. Over the weekend we had the official PMIs: Summary: Source: RatingDog/S&P Global The RatingDog China General Manufacturing PMI eased to 51.8 in May from 52.2…
Gold holds steady above $4,500 during the Asian session on Monday, stalling Friday’s late pullback from the vicinity of $4,600 or a two-week high. Any meaningful upside seems elusive as geopolitical risks underpin the US Dollar’s reserve currency status, which tends to weigh on the commodity. Furthermore, bets for a Fed rate hike in 2026 support the USD and…
Flat capex in Q1 the headline data point, Disappointing. Japan Capital Spending Ex Software Q1: -1.4% y/y expected 5.4%, prior 7.3% Japan Company Sales Q1: 1.1% y/y Japan Company Profits Q1: 14.6% y/y expected 5.3%, prior 4.7% I’ll have more to come on this separately, details etc.
The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook. The latest Core Personal Consumption Expenditures (PCE) Price Index held steady at 3.3% YoY in…
If you trade BTC/USD, bitcoin CFDs, bitcoin futures, or bitcoin ETFs, here’s a deeper dive into what moved bitcoin this week and what to watch going into next week. Not a great week for bitcoin. BTC closed lower, ETF investors kept pulling money, macro data removed any near-term rate-cut optimism, and the chart slipped below every major daily moving…
The US Commerce Department has closed a loophole that may have allowed hundreds of thousands of advanced Nvidia and AMD AI chips to reach Chinese firms via overseas subsidiaries over the past year. Summary: The US Commerce Department issued guidance on Sunday enforcing licence requirements for advanced AI chips sold to entities headquartered in China, even when those entities…
