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๐ MARKET UPDATE: Oil Strength Persists as Markets Balance AI Optimism, USโIran Conflict, New 10% Tariffs and Geopolitical Risk ๐
See full report: https://t.co/6lSF2vKHX2
Mild risk-on tone today:
โข Softer #Fed expectations
โข AI stocks bouncing
โข Year-end rally narrative building
Data steady: AU better, CH stable, UK/EU mixed.
US job cuts + claims in focus ahead of Fed speakers. US #Indices firm, #USD softer, #Oil testing key support at ~$58.88.
Cautious markets as mixed global data weighs on sentiment.
AI enthusiasm cools, inflation concerns rise and #FederalReserve rate-cut expectations shift.
#Equities weaken, Yields flat, #Oil around $60 and major #Indices sit near key support levels.
Tone: Cautious/Defensive
๐ Markets Start the Week on a Cautiously Optimistic Note
U.S. government reopening boosts sentiment, but traders stay alert ahead of inflation data + Fed speeches. (1/2)๐
#Markets#Trading#TheLiveTradeRoom
Market Update - Markets have been uncomfortably bullish over the last couple of weeks. However, if you are like us, a little more bearish rather than bullish then there are a few very decent opportunities beginning to set up.
opportunities are setting up in the EURUD and GBPUSD to the upside and USDJPY to the downside, along with GOLD higher post recent pullback and further weakness in Crude Oil.
Market Update: while post traders and investors are busy scratching their heads after Trump's first 100 days in office for the second time. We are now beginning to see some of the negative data begin to filter through (despite trump saying it's all still Joe Biden's fault).
The biggest thing we will look for is the narrative and the technical opportunity in order to start selling again even if these irrational market moves continue to play out.