Currencies

Oil remains the barometer of risk The second half of the week had a very clear center of gravity: the Strait of Hormuz. Every market movement, from European stocks to bond yields, was interpreted through a single question: will energy flows from the Persian Gulf really return to normal? The strongest signal came from Fujairah, the United Arab Emirates' key energy hub: petroleum product inventories fell to around 5.5 million barrels , a new low, after weeks of progressive eros

Asia is weak as markets await AI's verdict. The second half of the week began with a cautious signal from Asia. The MSCI Asia-Pacific ex-Japan index fell 0.7% on Wednesday, marking its fourth consecutive session of decline, while the Japanese Nikkei fell 1.5% , its fifth straight decline. The message was clear: ahead of Nvidia's results, the market was reluctant to overexpose itself. The problem wasn't just technological, but also macroeconomic: US yields had rebounded sharpl

The weekend that reignited risk premiums The start of the week for financial markets began with a clear feeling: diplomacy still exists, but geopolitical risk has by no means abated. In the Gulf, clashes linked to Iran continued to affect the region's energy and financial heartland. The United Arab Emirates declared that drones had targeted the area near the Barakah nuclear power plant, while Saudi Arabia announced it had intercepted three drones from Iraqi airspace. This is

The weekend when politics started moving prices again The weekend of May 2-3 brought a difficult combination of trade war, energy risks, and military diplomacy back to the forefront of markets. Donald Trump confirmed his intention to raise tariffs on European cars and trucks to 25% , compared to the previous agreement, which had set an overall threshold of around 15% . This is a politically charged step for Brussels: the Commission rejected the American accusation of non-comp

Three days in which the market bought hope, but priced risk Between Wednesday, April 22nd and Friday, April 24th, financial markets experienced one of those classic weeks where the apparent direction of the indices only tells half the story. On the one hand, Wall Street continued to show strength, with the S&P 500 and the Nasdaq capable of closing at new all-time highs. On the other, oil, emerging market currencies, UK inflation, and tensions in the Strait of Hormuz reminded

Wednesday: Maximum pressure on Iran, but Wall Street looks beyond On Wednesday, the market began to price in a specific scenario: the United States increased pressure on Tehran, effectively cutting off its maritime trade, but the White House continued to filter optimism about new talks. Trump said the war was "near the end," while Reuters reported a possible return to negotiations in Pakistan as early as this weekend. The result was a less fearful market than expected: the S&

The macroeconomic week opens with a particularly busy schedule of events that could shape global investors' expectations. Between monetary policy decisions, labor market data, and indicators of real economic activity, markets are bracing for a series of releases that could redefine the growth outlook for the major economic blocs. Attention remains focused primarily on central banks, which are called upon to act in a context still characterized by officially gradually cooling

The session on global markets ended on a cautious note, with investors continuing to monitor the evolution of geopolitical tensions and their impact on the energy sector. Attention remains focused on the price of oil, which has returned to high levels, while corporate news continues to drive much of the movement on European stock markets. In Europe, the day ended with moderate weakness among the major indices. The Euro Stoxx 50 ended trading at 5,717.65 points, down 0.54%, wh

This week promises to be a decisive one for global financial markets, with a series of key macroeconomic indicators likely to influence expectations about inflation, growth, and monetary policy. Investors will focus particularly on the United States, where consumer price and labor market data will offer crucial insights into the future path of interest rates, while Europe, the United Kingdom, and China will provide important updates on the state of global growth. US inflati

The week on the financial markets ended with an overall positive picture, supported by solid corporate earnings, the recovery of raw materials, and renewed interest in riskier assets. Investors continue to navigate a climate characterized by robust earnings, expectations of monetary stability, and a growing importance of the technology sector. Wall Street showed signs of strength, with the Dow Jones rising to 49,846.50 points, while the S&P 500 reached 6,902.82 points. The Na

The week just ended with markets under multiple pressures: uncertain macroeconomic data, closely monitored corporate earnings, trade tensions, and a marked rotation into safe-haven assets. From January 19th to 23rd, the market was poised between risk and protection, with news ranging from corporate data to geopolitical risks and sector dynamics. Italian banks and profits under scrutiny Among the week's top news, the Italian banking sector has attracted analysts' attention

The week unfolded on a delicate balance, driven more by news than by linear trends. Markets alternated between periods of seeking protection and sudden returns to risk appetite, in a context dominated by institutional tensions in the United States, geopolitical uncertainty, and conflicting signals from cyclical and technology sectors. Precious metals at the center: from hedge to strategic pillar The dominant theme was undoubtedly that of safe haven assets. Gold continued

The financial week that ends today had a clear underlying theme: markets forced to navigate unstable terrain, where every positive sign was counterbalanced by new sources of uncertainty. Expected but inconclusive monetary policy decisions, persistent geopolitical tensions, and increasingly pronounced movements in raw materials have made the environment difficult to interpret with a single lens. Rather than a matter of direction, it has been a matter of an often precarious bal

Every day, from Monday to Friday, the world moves more money than many economies produce in a year. It is the Forex market, short for foreign exchange , the largest and most liquid in the world: according to the latest survey by the Bank for International Settlements (BIS) , in 2025 the average daily trading volume reached 9.5 trillion dollars (9,500,000,000,000) . A dizzying figure, which makes Forex not only the engine of the global financial system, but also its most s

Between September 17 and early October 2025 , the dollar regained strength after months of weakening. The DXY index, which measures the...