(Partial video transcript) This week’s trading opportunity Axel Rudolph: Hello everyone and welcome to “Trade of the week” on Monday the 1st of December. And what I would like to do today is to go long EUR/GBP because I believe that the last few days has given analysts I should say enough time to analyse the UK
I’ve just achieved – or endured? – the milestone of 10 years on an institutional FX trading desk. Either way, it feels like the right moment for a little reflection. Let’s start with an assumption: this morning I tapped in with my contactless card for the Elizabeth line, sipped canned matcha, scrolled TikTok and started
Headlines: Markets: JPY leads, USD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields up 2.7 bps to 4.046% Gold up 0.5% to $4,251.61 WTI crude oil up 1.1% to $59.11 Bitcoin down 5.4% to $85,456 It’s always nice when the first day of the new month falls on
European stocks fell on Monday, losing ground after a strong month in November. Investors became more cautious, leading to a wave of “risk aversion” across the markets. The main European index, the STOXX 600, dropped 0.4%. Key national markets in Germany and France saw similar declines of 0.5%. Following a solid run in November, which
For decades, Western corporations viewed China as an irresistible promise—a massive, rapidly growing consumer base that served as a straightforward revenue engine and the cornerstone of global expansion strategies for brands from Starbucks to Tesla. Today, this narrative has fundamentally changed. China remains a critically important market, but the rules of engagement have been entirely
The USD/JPY forecast edges lower as the BoJ’s Ueda left hawkish remarks. The BoJ hinted at rate hikes to prevent a resurgence in inflationary pressure. With Fed easing, the central bank divergence continues to favor the USD/JPY bears in the near term. The USD/JPY forecast remains slightly lower on Monday as the pair slipped to
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Risk aversion returned to Asia at the start of December, lifting Yen sharply across the board. The shift in sentiment coincided with a notable surge in Japanese government bond yields, with the 10-year jumping nearly 0.07 and breaking above 1.87%, its highest level in more than 15 years. . A key catalyst was Governor Kazuo
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 prices rose in Malaysia on Monday, according to data compiled by FXStreet. The price for Gold stood at 563.49 Malaysian Ringgits (MYR) per gram, up compared with the MYR 560.92 it cost on Friday. The price for Gold increased to MYR 6,572.30 per tola from MYR 6,542.41 per tola on Friday. Unit measure Gold
Markets surge despite tech sector shake-up United States (US) stock markets finished higher on Friday, buoyed by growing confidence that the Federal Reserve (Fed) will cut rates at its 10 December Federal Open Market Committee (FOMC) meeting. In a holiday-shortened week, the Nasdaq 100 surged 4.93%, the S&P 500 gained 3.73%, and the Dow Jones added 1,471
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Bank of Japan Governor Kazuo Ueda delivered an extended set of remarks on Monday, offering his clearest indication yet that the central bank is preparing to continue raising interest rates, while stressing that monetary policy will remain accommodative and aimed at supporting Japan’s moderate recovery. Ueda said overseas economies are showing “some weakness” but are
On the first trading day of December, the NZX 50 index experienced a slight increase, rising by 9 points or 0.1% to reach 13,498. This uptick extended gains from the previous session, primarily driven by the industrial services and healthcare sectors. The positive momentum was fueled by an encouraging lead from Wall Street’s abbreviated Friday
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed on Sunday to maintain oil output levels unchanged for the first quarter of 2026, Reuters reported. Additionally, OPEC+ said in a statement that the group had approved a mechanism to assess members’ maximum production capacity to be used for setting output baselines from 2027, against which members’
U.S. Secretary of State Marco Rubio said talks with Ukraine made “additional progress,” stressing that negotiations are focused not only on ending the war but ensuring Ukraine’s long-term security and prosperity. Rubio said the U.S. aims to help Ukraine emerge “safer, stronger and more prosperous than it has ever been,” building on discussions that began
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