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Where we are: Bitcoin is currently trading around $62,050, slightly below the overnight range of $61,800 to $62,500. This is down from yesterday’s New York close around $62,300. Key support remains at $60,000, while resistance is forming around $63,000. Intraday momentum is weak, suggesting consolidation ahead of key data releases. What’s…
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Where we are: The FTSE 100 is trading around 8,420, up slightly on the session. It has traded in a relatively narrow range overnight, generally tracking European sentiment, and is holding above yesterday’s New York close. Immediate resistance is around 8,450, with support around 8,380. What’s driving it: The UK economy…
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Snapshot: AUD/USD is holding steady near $0.72, underpinned by the RBA’s reluctance to signal an imminent rate cut. Governor Bullock’s recent comments citing ‘uneven’ progress on inflation continue to resonate with the market. Focus shifts to the 08:30 ET US retail sales data. A softer-than-expected Q1 trimmed-mean CPI is still seen…
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Snapshot: WTI Crude futures are trading sideways after yesterday’s 2.7% rally, holding around $101.50, as the market awaits the 08:30 ET US Retail Sales data. Focus remains on the potential impact of demand as the market balances economic growth against lingering supply worries. Yesterday’s news flow saw China expressing willingness to…
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Snapshot: Nikkei 225 is correcting after a strong run, closing down 0.98% in Tokyo. BoJ board member Masu’s speech offered no fresh hawkish signals, contributing to profit-taking. Attention now turns to US data due at 08:30 ET. A break below 62,500 could trigger further downside. Watch for reactions to US yields,…
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Snapshot: The DAX is holding gains above 24,400, boosted by sustained optimism in AI and earnings season despite political uncertainties. Declining German HICP inflation to 2% YoY (as of December 2025) is offering the ECB room to maintain its current policy. Today’s catalyst is whether the German index can hold support…
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Snapshot: USD/CHF is holding around 0.7820, underpinned by the SNB’s active easing posture. Recent SNB communications highlight their focus on implementing monetary policy and managing money market debt register claims. Traders are watching US Retail Sales data at 08:30 ET for directional cues. Watch for a break above 0.7830 as a…
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Snapshot: NZD/USD trades near $0.593, pressured by the Reserve Bank of New Zealand’s (RBNZ) dovish stance. The central bank’s recent 25bp cut to 3.50% and Governor Orr’s signal of further easing continue to weigh on the currency. Key upcoming risk is today’s 08:30 ET US retail sales print. Watch for a…
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Snapshot: GBP/JPY trades near 191.50, down slightly, after weaker-than-expected UK GDP prints this morning spurred increased speculation about an earlier Bank of England rate cut. The 07:00 London GDP releases will be the key focus in early New York trade. A break below 191.00 would signal further downside in GBP/JPY as…
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Snapshot: EUR/JPY is holding steady near 170.20, with the relatively hawkish stance of the Bank of Japan providing underlying support. Masu’s speech early this morning reaffirmed the BoJ’s commitment to monitoring wage growth and its impact on inflation, reinforcing expectations for further policy normalisation. There are no major Eurozone or Japanese…
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Snapshot: Brent crude is holding around $105/bbl ahead of key US retail sales data at 08:30 ET. OPEC cutting its demand growth estimates for 2026 weighs on sentiment while IEA highlights ongoing undersupply. Watch 08:30 ET Retail Sales; a stronger print reignites inflation concerns and boosts the dollar, pressuring crude. Geopolitical…
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Snapshot: EUR/GBP is trading near 0.8550, down 0.3% on the session, as this morning’s UK GDP prints beat expectations. The stronger-than-anticipated data suggests the Bank of England may maintain its hawkish stance for longer, as reflected in the vote split. A break below 0.8540 could signal further downside momentum for EUR/GBP,…
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Regime: Mixed — VIX holding near 18.40 amid rising US real yields, capping risk appetite. Today’s market themes: Real-rate repricing: Fed nomination vote and PPI data set to dictate the pace of the climb, pressuring gold and growth stocks. Iran War Impact: Ongoing supply disruptions and inventory depletion boosting oil prices,…
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Where we are: The Dollar Index is currently hovering around 118.10, consolidating after its recent push to one-week highs. The overnight range has been relatively tight, and the DXY is holding above its prior New York close, underpinned by expectations of sustained higher interest rates. Key technical levels to watch include…
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Where we are: S&P 500 futures are trading near flat this morning, hovering around 5230, as we await key US data. The overnight range has been relatively contained, with limited volatility seen in early European trading. This level sits just below the prior NY close, suggesting a cautious tone ahead of…
