Copper continues to be noisy, but the overall picture longer-term remains very strong. After all, the artificial intelligence sector will demand a lot of it, along with the electrification of the economy. Copper continues to offer plenty of opportunities as we had fallen pretty significantly early during the trading session on Wednesday but found buyers…
This currency pair has been gently descending over the past week or so: the move lower has not been what could be called especially strong. The major factors slowly coaxing the price lower are continuing fears that the US Federal Reserve will remain on a rath path with a hawkish tilt, which tends to boost…
Gold prices rose to 4,472 USD per troy ounce on Thursday. Despite the modest rebound, the precious metal is still attempting to recover from a weekly decline of nearly 2%. Pressure on gold continues to build as expectations grow that major central banks, including the Federal Reserve, may need to maintain tighter monetary policy to…
Market Overview The crypto market capitalisation has lost a further 3.5% over the past 24 hours in a sharp sell-off that began this month. During this period, the capitalisation has fallen to $2.22T, and at its lowest point early in the day, it dropped to $2.17T, compared to $2.50T on Sunday. In this environment, market…
Financial markets traded with a mixed tone today as investors tried to balance fresh signs of diplomatic progress in the Middle East against lingering concerns that the region’s energy and security risks are far from resolved. The shift in sentiment was reflected most clearly in currency markets, where Dollar weakened broadly as traders scaled back…
Conflicting drivers are preventing GBPUSD from finding a clear direction. The Bank of England is set to disappoint markets with the scale of its monetary tightening. The British pound is consolidating against the US dollar amid persistent high geopolitical risks and uncertainty regarding the Bank of England’s monetary policy. The futures market expects the BoE…
US initial jobless claims rose by 13k to 225k in the week ending May 30, exceeding expectations of 211k and marking a modest softening in labor market conditions ahead of Friday’s closely watched non-farm payrolls report. The four-week moving average, which smooths out weekly volatility, increased by 6.5k to 214.75k, suggesting layoffs have edged higher…
Welcome to today’s Market Blast. Today we will take a look at Forex Trading on USD Index, EURUSD, AUDUSD, NZDUSD, USDCAD, USDCHF and the NASDAQ. Last time, we wondered if the Russell 2000 would catch up with the other indices. This time, the opposite was true with the other major indices, like the NASDAQ, falling….
The US dollar continues to hold firm against its major counterparts, supported by strong US macroeconomic data and expectations surrounding the release of further labour market indicators. Additional support for the greenback comes from persistent inflationary risks and the Federal Reserve’s cautious stance regarding further monetary policy easing. Against this backdrop, EUR/USD and GBP/USD remain…
Multi-asset online trading and investing company CMC Markets plc (LON:CMCX) today announced its preliminary results for the year ended 31 March 2026. CMC delivered another year of strong financial and operational performance, with net operating income increasing 15% to £392.6 million (FY2025: £340.1 million). Performance was driven by continued scaling of institutional and B2B partnerships,…