Humphr

It is shaping up to be another risk-friendly week. The S&P 500 is just over 100 points away from reaching the record high set back in February, Tesla shares were up another 5% on Tuesday and have now recouped nearly two thirds of the losses from last week. When Tesla is rallying, you know that r

June's 3,298 demand zone must hold to avoid deeper pullback toward 3,270–3,243; dovish Fed bets, slipping U.S. yields, and record central bank buys point to a renewed push above 3,332 Current price action Range-defining levels: June's rally stalled at 3,411, then slid from 3,411 → 3,309, now trading

The wary June bid The S&P 500 opened June with a tentative tick higher, like a surfer catching a soft wave after outrunning a storm surge. But make no mistake—this market isn’t rallying on conviction. It’s drifting on hope, coasting through a fog of geopolitical landmines and algorithmic guesswo

The Oil market is likely to be eagerly awaiting tomorrow's decision by the eight OPEC+ countries that have voluntarily cut their production. Following media reports that some delegates had already indicated that they would probably decide on a further significant increase in production, the Oil pric

Crude markets only have a very narrow path towards higher prices. In the imminent term, CTA selling activity will weigh on price action into the OPEC meeting. This selling activity is likely to be less significant than that which we expect in gold markets, but should weigh on prices nonetheless, TDS

USD/CAD loses ground as the Canadian Dollar receives support from improved crude Oil prices.WTI price advances amid easing tariff risks and expectations of tighter supply.A US federal court has blocked Trump to impose broad "Liberation Day" tariffs from taking effect. USD/CAD loses ground after regi

The U.S. president said he delayed imposing 50% tariffs on EU imports after a call from the president of the European Commission. On this news, S&P500 index futures are adding nearly 1.5% on Monday, pushing back from the 200-day moving average as support. Unlikely to be intentional, but Trump ha

Silver (XAG/USD) starts the week steady above $33.00 after posting a 4% gain last week.Key resistance is seen at $33.70–$34.00; a break above could expose March’s high near $34.50.Support rests at $32.60–$32.80, with deeper downside risk toward $32.00 and $31.00 if breached. The Silver (XAG/USD) pai

NZD/USD refreshes six-and-a-half month high near 0.6030 ahead of the RBNZ policy meeting on Wednesday. The RBNZ will likely cut its Official Cash Rate (OCR) by 25 bps to 3.25%. US President Trump suspends 50% tariffs on the EU until July 9. The NZD/USD pair posts a fresh six-and-a-half-month high ne

Oil producers are cutting back on activity in response to lower oil prices. As Baker Hughes reported on Friday, the number of oil drillers fell to 465 from 473 a week earlier, to its lowest level since late 2021. It just so happened that prices weren't that far from current levels, but that was in t

The EU’s tariff reprieve followed what the president called a 'very nice call' with Commission President von der Leyen over the weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes. Trend remains firm "Concerns over the impact of 50% tariffs on US growth and prices may also have played a pa

Markets had already doubted whether the Bank of Japan (BoJ) would raise its key interest rate again in July. Inflation figures for April published this morning are likely to increase the dilemma for the BoJ. After all, inflation remains above the BoJ's target, mainly due to energy and food prices. H

Key pointsTrump’s tax bill passes House, heads to Senate: The $3.8 trillion “One Big Beautiful Bill” includes sweeping tax cuts, social spending rollbacks, and over $3 trillion in added deficits. A Senate vote is expected before the July 4 recess.Potential winners: defense, cybersecurity, and select