-
Snapshot: EUR/JPY currently trades at 184.91, up 0.28% on the day, as Eurozone rates trajectory diverges from that of Japan. With the ECB indicating mild easing bias, including a potential follow-up cut on wage tracker softening, the pair has bid to session highs. Traders will watch comments from ECB policymakers for…
-
Snapshot: Brent Crude is trading at $104.29, up 0.13%, as escalating tensions in the Middle East, specifically President Trump’s rejection of Iran’s peace proposal and drone attacks near Qatar, raise concerns about supply disruptions through the Strait of Hormuz. Saudi Aramco’s report of increased pipeline capacity offers some offset to the…
-
Snapshot: EUR/GBP trades at 0.8650, down 0.20% on the session, pinned by the rate divergence between the ECB and BoE. De Guindos’s FT interview overnight offered no fresh catalyst. Watch for further direction from UK wage data later in the week. Key level: 0.8647 represents the lower bound of today’s range;…
-
Regime: Risk-on, as equity futures surge on hopes of softer US payrolls and bond yields drift lower (US 10Y at 4.357%). Today’s market themes: US Payrolls showdown: markets bracing for a potential dovish surprise amid a crowded USD long positioning. Iran tensions: Oil prices remain volatile amid geopolitical instability and supply…
-
Where we are: The DXY currently trades at 97.77, down 0.35% on the day, having traded in a range of 97.75-98.17. The dollar is testing ten-week lows amidst a broad risk-on move. We see scope for further weakness if today’s US data misses, potentially targeting 97.50. What’s driving it: A tentative…
-
Where we are: The S&P 500 futures are currently trading at 7405.75, up 0.92% on the day, pushing into fresh all-time highs with an intraday range of 7338.00-7412.00. This compares to a cash close yesterday of 7337.10, with futures holding gains through the European morning despite a mixed showing from cash…
-
Where we are: Gold (COMEX) currently trades at 4739.5, up 0.85% on the session, having traded in a range of 4690.7-4743.5. Bullion is bid firmly above the psychological 4700 level and is testing the upper end of its recent range, supported by the ongoing decline in real yields. Intraday momentum has…
-
Where we are: EUR/USD is currently trading at 1.1777, up 0.45% on the day and testing the upper end of its intraday range of 1.1723-1.1778. The Fiber has caught a bid throughout the European morning, extending gains from the Asian session and challenging levels last seen in late April. This current…
-
Where we are: Nasdaq futures are currently trading at 28950.25, up 1.38% and near the day’s high of 28975.25. This represents a substantial recovery from the cash market close of 25806.20 and suggests a strong open for the New York session. The overnight range has been relatively contained, indicating consolidated bullish…
-
Where we are: GBP/USD currently trades at 1.3621, up 0.52% on the day, trading near the top of its intraday range of 1.3547-1.3624. Cable has caught a solid bid during the European morning, extending gains from yesterday’s close above 1.3550. The pair is testing levels not seen in over two months…
-
Where we are: USD/JPY is currently trading at 156.55, down 0.19% on the day, after a relatively contained overnight range of 156.53-156.99. The pair remains elevated, consolidating after recent spikes higher and still well above the 156 handle. This level is particularly important given the previous intervention zones flagged by the…
-
Where we are: Dow futures currently trade at 49891, up 274 points or 0.55% on the session, having traded in a range of 49609 to 49955 overnight. Cash Dow closed yesterday at 49597, having traded a wide intraday range between 49488 and 50130. Futures are holding the overnight bid, suggesting dip-buyers…
-
Where we are: USD/CAD is currently trading at 1.3686, up 0.18% on the day, testing the upper end of its intraday range of 1.3643-1.3693. The pair has edged higher through the Asian and European sessions, partially retracing the dip seen earlier in the week. The market is holding just below the…
-
Where we are: Bitcoin is currently trading at $80,117, up $381 (+0.48%) on the day, holding within its overnight range of $79,231-$80,483. The asset is showing resilience after Coinbase posted a steeper-than-expected Q1 loss after yesterday’s close. ETH is lagging, essentially flat on the day. What’s driving it: Bitcoin’s funding rates…
-
Where we are: The FTSE 100 is currently trading at 22888, up 87 points or 0.38% on the day, having traded in a range of 22684-22939. The index is attempting to build on yesterday’s rebound, spurred by easing UK gilt yields. The Footsie remains below intraday highs printed earlier this morning,…
