News and Analysis

Recent trading sessions have once again highlighted a meaningful improvement in demand dynamics around Bitcoin. In fact, over the last two sessions the leading cryptocurrency has gained nearly 3.0%, bringing buying momentum back into focus after losing strength in previous weeks.

Euro bulls are struggling to extend the recovery from October lows, with a critical resistance barrier threatening to stall the advance.

The Mexican peso continues to face a difficult environment in the short term. This can be seen in the recent performance of USD/MXN, which has gained more than 1.1% over the last three trading sessions, highlighting increasingly persistent weakness in the Mexican currency.

It’s been a fast week for GBP/USD, with the pair pulling back to a major support level last Wednesday followed by a strong reversal that’s set fresh monthly highs.

Gold is being pulled in two directions by the same macro force: inflation. Persistent price pressures should, in theory, strengthen demand for the metal as a store of value. But if inflation proves sticky enough to keep central banks hawkish, the resulting rise in real and nominal yields makes gold less attractive at the margin.

USD/CHF bears are looking to build on last week’s sharp reversal, with a looming support test threatening the broader recovery.

U.S. stocks are pointing to a moderately higher open as investors digest the latest corporate earnings and developments in the AI sector ahead of more results from Tesla and Meta Platforms later today.

Price action in both the UAE MSCI and S&P 500 has been consolidating for several months, leaving each market at a key technical juncture. The direction of any breakout could offer insight into the health of UAE and US markets as risk sentiment remains subdued, crude oil prices stay elevated, and major earnings reports and elections approach.

European indices recovered from a weaker start to turn positive by mid-morning trade, although US futures were still nursing small losses. Global indices were looking to add to their gains from the day before. Investors are weighing up encouraging earnings from SpaceX and Super Micro against elevated oil prices, which are limiting the upside for risk assets. We have more tech earnings coming up today which could shape the near-term Nasdaq 100 forecast.

GBP/USD unchanged despite UK inflation jumping to an 11-month high. DAX steady after Space-X earnings revive AI trade but oil limits gains.

GBP/USD unchanged despite UK inflation jumping to an 11-month high. DAX steady after Space-X earnings revive AI trade but oil limits gains.

WTI and Brent crude oil have rallied sharply, but high-volume dojis, RSI divergence and cautious positioning warn of pullback risk.