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Market Picture The cryptocurrency market rose 1% in 24 hours to $2.28 trillion. The market cooled off somewhat during the day, moving away from local highs above $2.30 trillion, which were the highest in more than two weeks. Sentiment jumped sharply to ‘greed’, reaching the 65 level, the highest since late July. The price of […]

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WTI Crude Oil Cut Back Gains: Will the Slide Continue?

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03/05/2024

Bank of England Preview – Setting the Stage for a June Cut

We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 9 May, which is in line with consensus and current market pricing. Overall, we expect the MPC to soften its communication, priming the markets for imminent start to a cutting cycle. We expect the first 25bp cut in June. […]
04/12/2023

Gold Storms to Record High Before Surrendering Intraday Gains

Gold posts a fresh all-time peak of 2,142 on Monday But fails to hold onto its gains, falling back below April high Momentum indicators point at an overstretched advance Gold had been in a steep uptrend since November 10, when the price bounced off the crucial 200-day simple moving average (SMA). On Monday, bullion recorded a fresh […]
07/11/2024

Chapter Two

The 2024 US election delivered a decisive victory for Donald Trump, with Republicans positioned to gain control of both houses of Congress. The S&P500 jumped 2.5% to a fresh record and recorded its best post-election gain. The energy stocks surged nearly 4%. Nasdaq 100 advanced 2.74%, to a fresh record high, as well. Tesla soared […]