This morning, the Reserve Bank of Australia left its policy rate unchanged at 3.6% for the fourth consecutive meeting, with AUD/USD emerging as the best performer among major currency pairs. The RBA is the first of the four major central banks meeting this week, all of which face the same challenge: balancing inflation that remains […]
In a week packed with macroeconomic releases—one that will see four major central banks, including the Federal Reserve, announce potential changes to their monetary policy—the USD Index (USDX) begins trading at 98.63. This places the index closer to its H2 2025 highs (100.35 recorded on 20 November) than to its semiannual lows (95.85 reached on […]
Over the past weekend, OPEC+—the world’s leading oil-producing coalition comprising eight countries including Saudi Arabia and Russia and accounting for roughly one-third of global crude output—announced a voluntary pause to the production increases originally planned for the next three months. The initial proposal envisaged adding 1.65 million barrels per day to its current output of […]
At 08:00 GMT this morning, the minutes of the latest meeting of the Financial Policy Committee (FPC) will be released. The FPC is the Bank of England’s body responsible for safeguarding the stability of the UK financial system. Its assessment will be particularly interesting given that the country’s macroeconomic backdrop is far from vibrant—although, to […]
Peripheral markets have performed well so far in 2025—speaking about Europe: the Spanish IBEX 35 ( you will find it as ESP35Cash) is leading the gains with +40.92%, followed at a distance by the Italian FTSE MIB (+26.02%). Further behind are the core markets and Europe’s main laggard, France (CAC +9.99%). Spain’s economy has been […]
Silver’s dual nature—as both an investment asset and a critical industrial input—continues to shape its market dynamics. It is primarily the industrial side that has driven demand in 2025, which is expected to remain stable at around 1.20 billion ounces. The automotive sector has been a key contributor, as increasingly sophisticated and environmentally focused vehicles […]
It is generally undesirable for markets to approach a holiday period with unresolved concerns. While the “Santa Claus rally” is well known, markets also tend to perform strongly ahead of other holidays, including this week’s Thanksgiving break. This is a shortened trading week in the United States, with equity markets closed today and reduced hours […]
On Friday, 21 November 2025, Eli Lilly became the first pharmaceutical company to reach a valuation typically reserved for major technology giants: USD 1 trillion. The milestone was achieved when its share price hit $1,057.78. Alongside Big Tech, the company now trades at valuations that—while elevated, as we will see shortly—many analysts consider justified by […]
Over the weekend, SNB President Martin Schlegel delivered several comments that, as often happens with central bank communication, offer clues about the future path of the Swiss franc. Schlegel noted that Switzerland may require even more accommodative monetary policy. This is striking considering that since February 2024 the SNB has cut rates from 1.75 percent […]
Japan’s Nikkei has been one of the strongest performers among developed markets this year. From the April 2025 lows near 31 000 to the early November peak above 52 600, the index has gained roughly 70 percent. This performance must be viewed in the context of a weakening yen, since the index is quoted in […]
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