Market Insights

Market Insights

Daily insights for CFD traders – USD strengthens amid market volatility

The USD dropped further overnight to 103.8 points despite stronger-than-expected second-tier US economic data. The main US equity markets decreased again, with the tech-heavy Nasdaq particularly hard hit due to potential tighter US restrictions on computer chip sales to China. The VIX, known as the ‘fear gauge,’ increased to its highest level since early May.

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Market Insights

Daily insights for CFD traders – USD strengthens after Fed Chair Powell’s remarks on inflation

US stocks strengthened as predictions of increased market volatility did not materialize after the assassination attempt on Republican Presidential candidate Donald Trump. Investors may be focusing on the growing expectation that Trump will win the November election, bolstered by the prospect of upcoming interest rate cuts. The yield on the US 10-year Treasury rose by 4.7 bps to 4.23%.

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Market Insights

Daily insights for CFD traders – China’s Q2 GDP growth expected to reach 5% amid deflation concerns

A solid end to the week on Wall Street saw all three major equity indices close with gains of approximately 0.6%. U.S. 10-year yields dipped slightly to 4.19%, while crude oil fell 0.4% to close at $83.40 a barrel. In the currency markets, USD/JPY continued to dominate flows, closing at the lower end of its range from 157.30 to 159.45. The AUD/USD traded within a range of 0.67545 to 0.67935 before ending the week at 0.6784.

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Market Insights

Daily insights for CFD traders – Focus on US CPI Data

The overnight session for currencies was subdued, encouraging global equities to gain ground, with the S&P500 reaching a new high of 5,600. The AUD/USD held a tight range between 0.6733 and 0.6752, while the greenback showed slight weakness into the London lunch.

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Market Insights

Daily insights for CFD traders – French election upset sends EUR volatile

Wall Street finished stronger on Friday, with the S&P 500 and Nasdaq hitting all-time highs, reflecting mixed signals from revised payroll data indicating US labor market weaknesses. The Dow Jones Industrial Average rose by 67.87 points (0.17%) to 39,375.87, the S&P 500 increased by 30.17 points (0.54%) to 5,567.19, and the Nasdaq Composite surged by 164.46 points (0.90%) to 18,352.76.

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Market Insights

Daily insights for CFD traders – UK elections impact and Non-Farm Payrolls preview

The US holiday subdued market activity, with UK Elections showing early signs of a Labour victory. European equities had a positive session while commodities remained stable. AUDUSD reached 0.6732, staying near six-month highs. EUR/USD traded around 1.0800, and GBP/USD held steady at 1.2763. USD/JPY fell below 161.00 to 160.95. With US markets closed, trading was subdued, with minor movements across major currency pairs.

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