Market trading news and analysis

European equities continue to push higher as risk appetite remains elevated ahead of the Euro Zone February CPI data.

West Texas Intermediate (WTI) continues to move sideways as traders lack the desire to move in either direction

EUR/USD and GBP/USD take advantage of a weaker dollar

FTSE pulls back from the recent bullish rally whilst HSBC shares plunge after weak earnings

Gold and Silver take advantage of a weaker dollar.

The recent exponential surge in the share price of chip maker Arm underscores the fevered speculation gripping the AI sector.

GBP/JPY’s recent price action has formed a bullish Break & Retest pattern – an underrated pattern which represents a structured way to navigate breakouts. Here’s the three key components of GBP/JPY’s Break & Retest pattern.

The FTSE 100 has been locked in a well-defined trading range since last summer. The market has failed to break above the resistance zone on multiple occasions and we have also seen several swift bounces from the support zone (see chart below).

US equity indices took a tumble earlier this week after the latest CPI data showed prices had risen more than expected in January, pushing back the need for rate cuts from the Federal Reserve. But stocks have come back swinging with the S&P 500, US Tech 100 and Russell 2000 all resuming their bullish trends after a minor pullback.

While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.