Author: FX
The S&P 500 is up 36 points, or 0.5%, and a fresh record. The 7617 level is the new peak and comes on the same headline’s about a ceasefire that have helped to fuel the rally from 6300 just a few weeks ago.It’s been a sensational rally that’s likely more driven by AI enthusiasm than anything else. That said, the shape of today’s rally once again underscores that Iran headlines are market movers.SPX dailyUnder the surface, anything touching computing has joined into the rally in the past month. Today’s move is led by IBM up 8.7%, HP up 8.6% and…
The Dow Jones Industrial Average traded around 0.4% lower Monday, shedding roughly 200 points to sit near 50,800 after pulling back from the record-area highs above 51,100 set last week. The S&P 500 was only marginally lower and the Nasdaq Composite hovered close to flat, a split that tells the day’s real story: a serious geopolitical escalation met a market that mostly refused to flinch. Iran tearing up the diplomatic track and pointing at the world’s two most important Oil chokepoints sent crude sharply higher, but with AI and semiconductor names doing the heavy lifting, equities are once again treating…
Report from Tasnim:Iran stops message exchange with the US in protest against Zionist crimesThreatens more aggression in HormuzWill take action in Bab el-Mandeb StraitIsreal today announced it’s encroaching further into Lebanon. Iran says that the ceasefire has been violated on all fronts and that halting aggression in Lebanon was a condition of the ceasefire.This report has markets moving.Here is the full message on Tasnim’s Telegram (translated):Urgent / Iran to Halt Message Exchanges with the U.S. in Protest of Zionist CrimesDetermination of Iran’s Armed Forces and All Resistance Fronts to Respond to Zionist Crimes and Open New Fronts• Tasnim News Agency…
The AUD/USD pair trades in a tight range around 0.7175 during the European trading session on Monday. The Aussie pair consolidates as uncertainty regarding the United States (US)-Iran negotiations toward a permanent peace deal has escalated.Financial market participants have turned slightly cautious towards the US-Iran peace deal finalization, following amendments from US President Donald Trump in the potential deal. Trump said in an interview with Fox News over the weekend that neither he wants Iran to develop nuclear weapons nor to purchase them. Trump added that negotiations with Iran remain ongoing and Washington is in no rush for a deal.Meanwhile,…
The Depth of Market Indicator is a technical tool that displays pending buy (bid) and sell (ask) orders at various price levels. Unlike traditional charts that only show past price movements, the DOM shows the market’s current order flow. Essentially, it lets traders see where large players are placing orders and where potential price reactions might occur. On a 1-hour EUR/USD chart, for example, seeing a concentration of 50,000+ buy orders at 1.0950 can indicate strong support. Similarly, large sell orders at 1.0980 may act as resistance. This transparency allows traders to plan entries around likely areas of price hesitation…
GDP +0.7% vs +0.6% q/q expectedPrior +0.1%; revised to +0.2%GDP (adjusted for sporting events) +0.4% q/qPrior +0.5%Looking at the details, it is the industrial sector that helped to bring up growth in the first quarter of 2026. The sector grew strongly (+1.3%) with manufacturing (+1.5%) in particular being a key component to growth conditions. That said, it was not all good in the industrial sector as chemical and pharmaceutical declined strongly during the quarter (-3.4%).As for the services sector, overall conditions remain relatively subdued. The sector posted mild growth (+0.2%) on the quarter amid positive contributions from transport (+1.9%) and…
Asian equities advance on Monday as technology shares extended gains amid continued enthusiasm for the artificial intelligence-driven rally. However, traders may adopt caution due to highly fluid developments surrounding United States (US)-Iran peace negotiations.During the Asian hours, Japan’s Nikkei 225 and South Korea’s KOSPI hit fresh record highs of 67,231 and 8,874, respectively. Hong Kong’s Hang Seng is up by 1.04%, trading around 25,450. However, China’s SSE Composite Index falls 0.12% to near 4,060 at the time of writing.Traders continue to monitor developments in the Middle East as oil prices advance and the US dollar strengthens amid stalled progress toward…
USD/CAD is testing a key resistance zone as jobs data, oil headlines, and Fed expectations line up for a volatile week. Source link
When equities hit records and crypto goes the other way, the dollar is usually the story. Here’s what’s actually happening and why it matters for traders trying to read risk sentiment. What Actually Happened? The S&P 500 briefly cleared 7,540 to test all-time highs on Tuesday last week. Bitcoin, at roughly the same moment, spiked toward $78,020 around the New York open… then reversed hard, sliding below $76,380 by the afternoon and failing to reclaim that level into the close. Same day. Opposite directions. Bitcoin tumbled during moments when everything should have been pointing toward surging risk appetite. US consumer…
Gold staged a sharp recovery from its recent lows, but the upswing may be running into a wall. Is the rebound running on borrowed time? Source link