US tech 100 technical analysis Following the US Tech 100’s surge higher on 12 May, we have been working with the view that the rally from the 21 April 17,592 low is a Wave III (Elliott Wave). This should soon be followed by a Wave IV pullback, before regrouping for another leg higher to complete
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Gold price edges lower to $3,335 in Monday’s Asian session. Trump set a July 9 deadline for a trade deal with the European Union. Renewed inflation concerns and recession fears might help limit the Gold’s losses. The Gold price (XAU/USD) attracts some sellers to near $3,335 during the early Asian session on Monday. The de-escalation of
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
On Monday, May 26th, 2025, the New York Stock Exchange and Nasdaq (and other equity exchanges) markets will be closed for Memorial Day. However, CME Globex futures will have extended trading hours from Sunday, May 25th, at 6:00 PM (ET), and again from 6:00 PM (ET) on Monday, May 26th: This includes the E-mini S&P
Allianz Global Investors, USD650bn under management, is wary of US investment: “For investors, the message is clear: The US may no longer offer the reliable investment runway it did just months ago.” “Project economics, supply-chain commitments, and capital flows may now pivot toward more stable jurisdictions like Canada or the EU, unless clarity is quickly
I’m thrilled to be headed to Cape Town, South Africa next week for the Finance Magnates Africa Summit. If you’re in the area, I’d love to see you there. It’s a great conference for both people working in the industry and traders. I’ll be on panels on gold/oil plus one where I will shares some
Mon: US Holiday (Memorial Day), UK Holiday (Bank Holiday) Tue: NBH Policy Announcement; German GfK (Jun), French Prelim. CPI (May), EZ Consumer Confidence (May), US Durable Goods (Apr), Dallas Fed (May) Wed: RBNZ Policy Announcement, FOMC Minutes (May), Riksbank Financial Stability Report, OPEC JMMC; Australian CPI (Apr), German Unemployment (May), US MBA (w/e 19th May),
Trade war roared back into focus late last week, derailing fragile market sentiment already strained by concerns over the ballooning US deficit. The catalyst came in the form of a sharp threat from US President Donald Trump on European Union imports. This abrupt escalation shattered hopes that the 90-day truce period would lead to calmer
The trading day began on a sour note—or a strong one, depending on your stance on tariffs—after former President Trump announced via social media that he would impose a 25% tariff on Apple products not manufactured in the U.S. The market responded swiftly: Apple shares declined for a seventh straight session, falling from a peak
EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1. The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns. Euro shrugs off ECB rate cut talk, supported by improving German GDP figures. EUR/USD recovered during the mid-North American session on Friday after diving below
GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar Pound Sterling advances as UK Retail Sales data beats estimates GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and
