Societe Generale’s Kit Juckes notes EUR/USD has retraced half of its drop from above 1.20 to 1.1325 and is now stuck in a range as markets await fresh US data. He highlights that 2026 US growth forecasts have been revised down to 2.1%, while Eurozone forecasts were raised to 0.8%, with relative rates tracking relative…
Dow Jones futures gain steadies around 53,650 during European hours on Wednesday. Meanwhile, S&P 500 futures decline by 0.11%, to trade near 7,680, and Nasdaq 100 futures fall by 0.23% to trade around 29,210. US stock futures remain subdued as investors exercise caution ahead of Wednesday’s US Personal Consumption Expenditures (PCE) release, the Federal Reserve’s…
Weltrade, the retail brokerage marking its 20th year in business, has opened the SYNTX World Cup 2026: a global trading championship with a prize fund of $100,000 in cash plus 100 million Welcoins, and no entry fee for any participant. The tournament is built around SyntX, a family of volatility-based synthetic instruments available exclusively on…
In episodes like the railroad boom and the dot-com bubble, creditors and shareholders were wiped out, because investment in a genuinely transformative technology outpaced any plausible near-term return. With the US financial system and asset markets having become a one-way bet on AI, such an outcome today could be catastrophic. BERKELEY—US Federal Reserve Chair Kevin…
The Dow Jones Industrial Average trades just short of 52,900 on Tuesday, higher by close to 700 points and 1.3%, roughly 450 points beneath the record it set in the first week of July. Taken alone, that reads as a broad risk rally. One index over, the semiconductor complex is in a drawdown that has…
The Mexican Peso (MXN) depreciates against the US Dollar (USD) on Friday, down by over 0.42% on hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium. This prompted investors to price in a potential rate hike in 2026, a tailwind for the Greenback. The USD/MXN pair trades at 17.04, after…