Global markets are ending the week firmly in risk-on mode, but the enthusiasm is far from evenly distributed. Equity investors are aggressively embracing both AI-driven optimism and growing hopes that the United States and Iran are moving closer to a formal agreement extending the current ceasefire. Reports that negotiators have drafted a 60-day memorandum of…
Welcome to today’s Market Blast. Today, we will take a look at Forex Trading on the S&P500, the Dow Jones, CADCHF, GBPCAD, AUDNZD, WTI, and Brent Crude Oil. We looked at crude oil last time, and the last thing we want to do is to second-guess the reliability of ceasefire talks in the Iran war….
Markets have spent the past 24 hours receiving what should have been overwhelmingly Dollar-negative news. Negotiators from Washington and Tehran reportedly finalized a draft framework that would extend the current ceasefire, reopen the Strait of Hormuz, lift restrictions on Iranian oil exports, and reduce one of the largest geopolitical risks hanging over global markets. The…
Switzerland’s KOF Economic Barometer rose marginally from 97.8 to 98.0 in May, extending the modest improvement seen in the previous month. However, the leading indicator remains below its medium-term average, suggesting that the outlook for the Swiss economy continues to be subdued despite signs of stabilization. The latest reading points to an economy that is…
The short‑term Elliott Wave view in Gold (XAUUSD) shows that the yellow metal has completed a three‑swing correction from the April 17, 2026 high. The pullback unfolded as a zigzag, with wave A ending at $4499.92 and wave B at $4773.58. Gold then declined in wave C to $4365.13, completing wave (2) as seen on…
Key Highlights USD/JPY seems to be struggling to clear the 159.65 resistance. It traded below a bullish trend line with support at 159.40 on the 4-hour chart. EUR/USD is still struggling to clear the 1.1675 resistance zone. Gold corrected some losses and tested the $4,525 resistance. USD/JPY Technical Analysis The US Dollar climbed above 158.50…
Markets are rallying due to the finalization of the Peace Memorandum, but final agreement by Trump and Khamenei are still awaited While Nasdaq continues to price heaven and shoot for it, the DJIA is surprisingly unchanged Exploring Technical Levels for the Dow Jones, Nasdaq and S&P 500 Stock Markets are rallying after major diplomatic progress,…
Market Overview The crypto market has lost around 3.5%, falling to a market capitalisation of $2.44 trillion and sharply breaking through the local support level seen in recent weeks. Technically, this is a worrying sign, as the market has fallen below the 50-day moving average, which could herald further sell-offs. The nearest potential stop is…
US durable goods orders posted much stronger-than-expected growth in April, highlighting continued resilience in business investment and manufacturing demand despite elevated interest rates and growing inflation concerns. Headline durable goods orders jumped 7.9% mom to USD 346.0B, far above expectations for a 3.3% mom increase. The sharp gain was led by transportation equipment orders, which…
US initial jobless claims rose by 5k to 215k in the week ending May 23, coming in slightly above expectations of 210k. The four-week moving average of initial claims also climbed to 209k. Continuing claims increased by 15k to 1.786m in the week ending May 16, while the four-week moving average rose to 1.773m. The…