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Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the S&P500 lost almost 5% erasing around $2 trillion in market capital, Nasdaq 100 tanked 6% and the Dow Jones dumped 4%. Apple, Amazon, Nvidia, Microsoft, Tesla lost tens and for some hundreds of billions in market […]

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23/09/2024

EUR/USD Momentum Builds: Can It Go Higher?

Key Highlights EUR/USD started a fresh increase above the 1.1120 resistance. It cleared a major bearish trend line with resistance at 1.1135 on the 4-hour chart. GBP/USD extended gains and traded above 1.3300. Bitcoin climbed higher above the $62,500 and $63,200 resistance levels. EUR/USD Technical Analysis The Euro remained supported above the 1.1065 level against […]
10/02/2025

Sunset Market Commentary

Markets US President Trump’s latest salvo of tariffs left global markets largely unfazed. It suggests they are either calling his bluff (having Canada and Mexico in mind) or are just tired already of running after each and every POTUS quote that’s hitting the screen. Trump this time targeted steel and aluminum, threatening a 25% levy […]
02/07/2024

Pound and Euro Test Key Support Levels: Is a Breakout Possible?

European currencies are showing surprising resilience. Despite the general strengthening of the dollar and strong macroeconomic data from the US, EUR/USD and GBP/USD continue to trade above strategically important levels: EUR/USD has been testing 1.0660 for over three weeks but cannot establish itself below this level. GBP/USD buyers have been holding off sellers for a […]