Cocker

Consumer confidence in the US is declining, particularly regarding future prospects. The overall consumer confidence index published by the Conference Board fell to 86.0, recording its lowest reading since May 2020. Barring covid shocks, the last time the index was this low was in 2014. The picture

Gold (XAU/USD) prices have seen a slight recovery from the $3,300 mark but continue to face downward pressure. Market sentiment is divided, with trade optimism clashing against safe-haven demand. A combination of technical resistance and global economic signals is shaping the current market behavior

Gold buyers regain control as risk-off sentiment spreads across financial markets.US Dollar and Treasury yields slide as traders bet on deeper Fed rate cuts.Traders brace for a crucial US data week with GDP, Core PCE and NFP in focus. Gold price resumes its uptrend on Monday after erasing some of it

This is a big data week, with Q1 GBP at midweek plus the employment cost data. The Atlanta Fed bravely delivers its GDPNow ahead of the official data, on Tuesday. Last week it was -2.5%, but adjusted for gold, -0.4%. A minus either way. Some have positives—Bloomberg has +0.4%, the weakest in three y

Sell the Dollar? Major pairs are flatlining as DXY claws for life, trying to shake off the recent wreckage. After a brutal four-week beatdown that flushed out dollar longs to 97.92, last week’s short squeeze pushed it back to 100.00 — but let’s be honest: this wasn’t dollar strength, it was pure pos

US Agriculture Secretary Brooke Rollins said on Sunday that the Trump administration is having daily conversations with China over tariffs, per Reuters. Rollins noted that there were ongoing talks between the two nations and that trade deals with other nations were “very close.” “Every day we are in

USDCAD meets long-term support trendline near 1.3810. Technical indicators reflect easing selling interest. A decisive move above EMAs needed to shift outlook. USDCAD saw limited movement throughout the week and is currently heading for a second consecutive neutral close. However, the sideways traje

Yesterday allowed global risk investors to take a deeper breath. Dovish comments from Federal Reserve (Fed) members, and de-escalation of trade tensions between the US and China allowed a further recovery in global equities. Optimism was backed today by the Chinese announcement that it is considerin

Trump blinked. Just like I’ve been expecting him to, based on his previous approach to negotiations. This is profound. Quoting today’s article from Yahoo!Finance: “US stocks rallied Wednesday after President Trump said he has "no intention" of firing Fed Chair Jerome Powell, easing Wall Street fears

GBP/USD weakened as the US Dollar was buoyed by a more optimistic tone from US President Donald Trump.US President Donald Trump helped calm markets by clarifying he has no intention of removing Fed Chair Jerome Powell.The Pound Sterling struggles due to investor caution about the Bank of England’s m

Summary Manufacturing output increased 0.3% in March, a bit more than expected. We know that industrial supply imports surged in recent months, giving factories the inputs they need. If tariffs get in the way of that pipeline, output could slow. A sharp drop in utility output could be an early signa

S2N spotlight Today’s letter is a bit technical, but I believe it’s worth the effort. I was sitting in my office staring at a blank letter template when my son, who lives in Israel, walked in and said, “Let me check your setup.” I walked him through my process and said, for the first time in 275 let