Since this morning, markets have remained relatively calm ahead of the start of peace talks in Pakistan. This provides an opportunity to examine a slightly different instrument that may present trading interest during this period: the Norwegian krone (NOK). Norway’s economy maintains one of the most direct and transparent linkages between a sovereign currency and […]
Meta Surges on New AI Release
Broad-based participation supported yesterday’s rally in the US market, with high-beta technology once again among the top performers (alongside Materials and Industrials). Both the Technology Select Sector SPDR Fund (XLK) (+3.10%) and the iShares Semiconductor ETF (SOXX) (+6.51%) led the move higher. Among big-cap names, Meta Platforms stood out as the best performer (+6.50%). Yesterday, […]
WTI Slides to Key Support at $92.50
The two-week truce announced in the clashes between Iran and the U.S./Israel has immediately boosted equity markets and caused oil prices to decline sharply. At the time of writing, WTI crude oil is trading at $94.85 (-14.10%), while Brent is down to $93.18 (-10.18%). Both benchmarks are now well below last night’s settlement levels, which […]
S&P 500: Assessing the Rebound
Last week was, overall, quite positive for equity indices and the global benchmark. After an initial rebound attempt that quickly faded on Monday, March 30, the following day the S&P 500 posted a solid +2.86%—also coinciding with the close of the first quarter and related last-minute rebalancing—which then allowed it to continue rising in the […]
Market Correlations: Oil, Gold, and Yields
On days when news flow moves the market in an abrupt and sudden way—and when it’s not unusual to see gold down -4.03% while UK Brent oil rises +7.80% (as happened this morning), following market reactions to a speech, a statement, or a newswire release—today we want to briefly show what we mean when we […]
US100 Rallies on Unconfirmed News
At 17:35 GMT yesterday, major international news agencies circulated a report stating that Iranian President Pezeshkian had told Islamic Republic News Agency: “We’re ready to end war, but want guarantees.” This headline triggered a sharp rally in equities, while both oil and the U.S. dollar declined significantly within minutes. However, a key issue has emerged: […]
OECD UK Downgrade: FTSE & GBPUSD Outlook
The OECD’s latest economic outlook, published on March 26, delivered a stark verdict on the UK who received the biggest downgrade to its 2026 growth forecast among all major OECD member countries, with GDP growth now projected at just 0.7% for the year, down 0.5% from a previous estimate of 1.2%. The downgrade reflects the […]
US30 Rebounds at Key Support
Two of the three major U.S. equity indices have now entered correction territory—defined as a drawdown of 10% from their recent highs. Only the S&P 500 remains just above that threshold, currently at -9.05%, while both the Nasdaq and the Dow Jones Industrial Average have breached it. For completeness, the Russell 2000 could arguably be […]
Cocoa: From Euphoria to Structural Correction
What unfolded in the cocoa market between early 2024 and December of that year was, by any measure, one of the most extraordinary commodity rallies in modern market history—and one that retail traders would do well to study as a textbook case of supply-shock-driven parabolic pricing. The December 2024 record high of $12,931 per ton […]
Microsoft (MSFT) Under Sustained Pressure
Microsoft shares have shed roughly 30% from their all-time highs, reached intraday on October 28 last year at $551.43, making MSFT the worst-performing name among the Magnificent Seven over the past six months—with the stock now off to its worst start to a year since 2008. The sell-off is not a reflection of deteriorating fundamentals […]
