Latest Market News
Metals on the Move The pull back in the US Dollar has benefited metals nicely. Silver prices are now up around 6% from last week’s lows. An agreement on the US debt ceiling has fuelled an unwinding of the USD safe-haven trade, allowing metals room to recover. Additionally, dovish comments from leading Fed members this […]
“The winds of change” in the Federal Reserve’s policy have sharply shifted direction once again: in a matter of days, the chances of a rate hike on June 14th have decreased from 65% to 26%: The dramatic ups and downs in the likelihood of a rate increase can be attributed to the “back-and-forth” approach taken […]
Daily Market Outlook, June 02, 2023 Munnelly’s Market Commentary… Most Asian equity markets had a positive trading session as the region drew inspiration from the gains on Wall Street. The S&P 500 and Nasdaq reached nine-month highs, buoyed by optimism surrounding the debt ceiling, falling labour costs, and dovish commentary from the Federal Reserve. Meanwhile, […]
Bitcoin Rising On USD Drivers Bitcoin futures are trading higher today ahead of the US jobs number. A combination of a weaker Dollar and bolstered risk sentiment attached to dovish Fed expectations and the passing of the debt ceiling bill are helping underpin crypto currently. However, there are two-way risks into today’s US labour market […]
The market’s most traded currency pair returned to stability on Friday. The current EURUSD quote is 1.0770. The attractiveness of the US dollar as a safe-haven asset decreased after the Senate approved the draft bill on raising the public debt limit. It turns out that the risk of default has been the main foothold for […]
Amazon Pops on USD Drop Shares in Amazon are trading firmly higher ahead of the US open today. The tech stock has been on a solid bull run this year and despite some choppiness over the end of Q1, the stock has rebounded firmly and is now trading around 50% up on the year. This […]