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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

In recent days, financial markets have experienced a phase that, despite the uncertainties, shows signs of consolidation. Several parallel threads are intertwined: renewed confidence in stocks, the strengthening of geopolitical measures toward Russia, the cautious but not alarmist tone of major central bankers, the decline of gold (and silver) as safe-haven assets, and the return of the US dollar after a period of weakness. Let's look at "the story behind the numbers." 1. Sol

Every trader knows that the real enemy is not the market, but himself. The fear of loss and the greed for gain are the two forces that most often lead to costly mistakes. This is why the simplest—but also most misunderstood—risk management tools exist: stop loss and take profit . Two automatic orders that are supposed to make trading more rational, but which, if poorly calibrated, end up amplifying the very thing they're supposed to contain: emotion. Those who trade during

Today sent a signal to the markets: a desire for risk... albeit cautiously. Stocks, oil, industrial metals, and even safe-haven assets like gold and silver closed higher, driven by an unusual mix of geopolitics, hopes for a truce, and new energy sanctions. This fragile balance reveals a lot about investors' mood: ready to believe in a détente, but still wary of any potential repercussions. All risk indicators are rising It was a broad-based rebound for risk-on assets . In the

Since August, government bonds have recovered in value, while global demand has weakened. Are investors sensing a slowdown or simply hedging against risks? In recent months, the bond market has undergone a transformation. After a long period dominated by high yields and depressed prices, bonds are returning to the spotlight—both in the United States, where the rally began in the summer, and in Europe, where the trend has continued since early October. It's a resurgence that r

When we think of the atomic bombings of Hiroshima and Nagasaki, our imagination immediately turns to the human tragedy and the geopolitical turning point that marked the end of World War II. But financial markets were also affected, albeit in very different ways in the United States and Japan. 🇺🇸 Wall Street: The wait for peace turns into a rally After Hiroshima (August 6, 1945) and Nagasaki (August 9), investors' immediate expectation was that the war in the Pacific was ov

Since the beginning of August, oil prices have steadily and sharply declined. Brent crude dropped from around $74 a barrel on August 1st to just below $62 in the second week of October: a decline of around 16% in two months . US WTI crude followed a similar trend, from $70 to around $57.70 over the same period. Only at the beginning of the summer did the market seem headed for a steady recovery, supported by OPEC+ cuts and forecasts of robust demand. Within a few weeks, howev

The day was marked by sharp fluctuations on international markets: after a negative morning dominated by US-China tensions, stocks recovered in the late afternoon, returning to their previous close levels. The decline was more persistent in commodities, rates, and cryptocurrencies, while gold remained the main defensive haven. 1. Stocks: morning crash, evening recovery Trade tensions triggered widespread selling in the early part of the session. In the US, the S&P 500 fell mo

They often move together, but with completely different intensity. Gold and silver are the two precious metals par excellence, yet behind...

Next week will be one of the most important of the autumn for European markets. New data on euro area harmonized inflation (HICP) and German national inflation will be published, two crucial indicators for understanding whether the recent recovery in prices is becoming a stable trend. In parallel, Christine Lagarde and several members of the Bundesbank will speak, and their comments could significantly shape expectations on rates and the euro. The wait: prices rising and the

Between September 17 and early October 2025 , the dollar regained strength after months of weakening. The DXY index, which measures the greenback's value against major world currencies, rose from 96.2 points to 99.5 , an increase of about 3.4% in three weeks. This sharp movement occurred just as the Federal Reserve began its rate cuts . An apparent contradiction? Only superficially. A planned cut, and already "priced" The Fed did indeed lower the cost of money, but it didn't

In January 2015, the Swiss National Bank (SNB) made a decision that would mark a turning point in the history of the bond markets. After years of defending the minimum exchange rate of 1.20 Swiss francs per euro , the SNB suddenly decided to abandon the peg and lower key rates to –0.75% , the lowest level ever recorded up to that point. In the hours immediately following the decision, the Swiss franc rapidly appreciated by more than 15% against the euro and the dollar . I