One of the ideas that’s been floating around markets is that Trump just wanted to dramatically degrade Iran’s military, it’s nuclear program and its ability to make missiles. Once that was done, he would declare victory and leave it to Europe and gulf states on how to open the Strait of Hormuz. It was never clear if Iran would…
The Swiss Franc (CHF) trades flat against the US Dollar (USD) on Friday, reversing part of its earlier gains as the Greenback eases slightly from daily highs. At the time of writing, USD/CHF is trading around 0.7878 after briefly touching the 0.7900 mark. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six…
Today’s stock market heatmap paints a vivid picture of a market grappling with varied performance across different sectors. Let’s delve into the dynamics shaping the trading landscape today. 📉 Technology Sector Faces Headwinds The technology sector is currently under significant pressure, marked by notable declines. Microsoft (MSFT) is down 0.91%, while Oracle (ORCL) has taken a sharper fall, dropping…
Argentina Gross Domestic Product (YoY) came in at 2.1%, below expectations (2.2%) in 4Q
The USD 10 year yield is trading up to 4.407%. That is the highest level going back to August 1, 2025.. The yield is up over 10 basis points this week. Yields are up around 45 basis points since low of 3.926% on March 2. The move higher has the US dollar moving to the upside. USDJPY: The USDJPY…
In our update from last week, we showed that the SP500 YTD responded quite well to mid-term election-year seasonality, therefore suggesting a low around March 13 and a high around March 20. We use “around” because these dates are approximately ±3 trading days. Fast forward to today, the index hit its lowest point on March 13 at $6632 and…
Why is it always the meme stocks where they find the fraud? Supermicro shares are getting absolutely destroyed on Friday, down 27% and hitting fresh 52-week lows after federal prosecutors unsealed an indictment charging three company associates — including co-founder Wally Liaw — with smuggling $2.5 billion in Nvidia-powered AI servers to China. The stock is trading around $24,…
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve’s (Fed) decision to hold rates in the 3.50%-3.75% range. The war in Iran is nearing the end of its third week, with the Strait…
The price of gold is under notable pressure today, falling sharply by about $90, or -1.93%, to trade near the $4565 level. That decline has pushed the price back below its 100-day moving average at $4582.44—a key technical level that has served as an important barometer for trend direction over the past several months. Looking back to yesterday’s price…
EUR/USD manages to pick up some pace and rebounds from earlier lows, revisiting the 1.1560 region on Friday, giving back part of Thursday’s ECB-driven rally. Meanwhile, the US Dollar trades with marked gains, supported by a cautious tone across global markets and persistent geopolitical tensions.
