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The weekend decision by US President Joe Biden’s administration to allow Ukrainian forces to use Western supplied long-range missiles to strike Russia, surprised markets and pushed the Ukraine war and its knock on impact for Europe, European indices and the Euro back to the forefront of traders minds this week.
Ukrainian forces didn’t wait long to take their...
Last week was a tough one for stocks in the Nasdaq 100, as a bout of risk aversion saw the index unwind over 50% of its gains generated after Donald Trump’s win in the Presidential election on November 5th.
So far this week, the index has stabilised, and yesterday’s 0.6% rally ended a five-day run of losses. However, technology stocks are still in focus, given...
While so much attention from equity and index traders has recently been on US election trades and the flow-on effect into markets from Trump 2.0, attention now switches towards Nvidia and the volatility that is expected from its Q325 earnings.
As many who have traded Nvidia’s prior earnings will attest, earnings are historically where big moves play out on the...
For traders following GBP/USD and GBP/EUR, today’s UK budget rollout might be impactful. The Labour government’s plan introduces a £40 billion tax increase and invests in infrastructure—moves that could shape the pound’s trajectory. While the fiscal measures aim to strengthen public finances, they may exert near-term pressure on GBP, potentially affecting growth...
Gold. The word alone carries a certain weight. For centuries, it has held a place not just in our vaults but in our hearts, symbolising wealth, power, and security. But why, in a world of ever-evolving financial markets and digital assets, does gold continue to hold such an emotional appeal for investors? And more importantly, what are the risks we may overlook?
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Tesla’s Q3 earnings report surprised Wall Street, with the electric vehicle (EV) giant posting a 9% increase in profit*, surpassing expectations. Despite revenue coming in slightly below forecast, Tesla’s stock surged over 12% in after-hours trading. Elon Musk’s bullish tone during the earnings call added to the positive sentiment, as investors focused on Tesla’s...