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Trump’s tariffs went live yesterday, sending global markets—including the US indices—tumbling, until rumours of a potential rollback started circulating. High volatility is driving investors toward safe havens like bonds and gold, while the Trump-fueled rally in the US dollar index has already reversed. The DAX got hit by a hefty 3.50% selloff, the CAC 40 fell 1.85% while the Stoxx 600 tumbled more than 2%, the Japanese Nikkei eased to the lowest levels since September and the major US indices – from big cap, tech-heavy to medium and small cap benchmarks – fell below the levels they were trading at when Donald Trump was elected president last November. The aggressive reaction was curious, though, as investors knew that the tariffs would go live yesterday, suggesting that a clear majority was expecting Trump to make a last-minute U-turn – a thing that he did! There are now rumours circulating that he may roll back some of the tariffs. The DAX futures are up by almost 2% at the time of filming. Today, investors will watch the US ADP report, and PMI, ISM numbers from both sides of the Atlantic Ocean. While the European investors could brush off bad news on expectation that the US tensions will boost activity sooner rater than later, weakness in the US data will probably be perceived as bad news and should further weaken appetite. Listen to find out more!

Today marks a turning point in Donald Trump’s tariff policy. It is the day the tariff threat will materialize – unless there is a surprise U-turn – and hammer hopes that the aggressive tariff threats were not just a negotiation tactic. US stocks are sold on expectation that higher tariffs will boost inflation, prevent the Federal Reserve (Fed) from giving the necessary support and slow growth. The European stocks on the other hand are in demand – appetite for defense stocks increasing by the day. It’s crucial to note that market sentiment is now influenced less by the central bank policies and the level of yields, and more by growth expectations. And the latter supports the European equities vs US peers, and the euro vs the US dollar. In energy, crude oil fell 2% below the $70pb psychological mark – not necessarily on trade fears – but on news that OPEC+ will start restoring output production from April because Trump wants cheaper oil. Listen to find out more!

A clash between Trump and Zelensky and UK’s Starmer’s call for a ‘coalition of the willing’ is marking investor sentiment this Monday morning. Oil prices initially rose in early Asian trading amid concerns that the Trump-Zelensky conflict could delay any path to lasting peace. However, selling pressure outweighed geopolitical risk perception, as last Friday’s US economic data fueled concerns about slowing growth—Atlanta Fed's GDPNow tanked to -1.5%! The EURUSD started the week on a positive note after slipping below its 50-day moving average on Friday. European futures gained on prospects of higher spending that could boost growth. On the data front, Friday’s economic data was bitter-sweet. The core PCE index, the Federal Reserve’s (Fed) favourite gauge of inflation, came in line with expectations. But the combination of higher-than-expected personal income but lower-than-expected – and unexpectedly negative - spending growth in January raised worries regarding US growth prospects. This week, the market will focus on US employment numbers. Listen to find out more!

Despite beating both revenue and earnings expectations and the forecasts for the current quarter, Nvidia got beaten by the market. The share price tanked 8.50% in yesterday’s post-earnings session and pulled the broader technology sector down with it. New tariff talk from Donald Trump weighed on the sentiment, as well, sending the US dollar higher, the European indices lower with the exception of European defense stocks some of which traded at all-time high levels. On the data front, the US GDP data confirmed yesterday that the US grew 2.3% in Q4, as expected, but the price pressures were stronger than pencilled in by analysts. Initial jobless claims, on the other hand, hit the highest level since last October, with a visible rise in Washington’s jobless claims – as Federal workers are being thanked en masse by Elon Musk’s DOGE. Will the latter soften the Federal Reserve (Fed) outlook and increase bets for more rate hikes this year? It depends on the inflation’s trajectory. Due today, the US will reveal its latest core PCE data – the Fed’s favourite gauge of inflation - that could show easing in January. Listen find out more!

Nvidia continues to do an amazing job. But the latest record-breaking results failed to impress investors. As such, Nvidia may not boost the market sentiment in the same way it boosted over the past two years after its results, but the AI mascot’s earnings will sure not harm the AI outlook, or be an additional drag. S&P500 and Nasdaq futures are up this morning. Let’s see if optimism could survive to the tariff talk, with the ongoing confusion regarding when Trump’s 25% tariffs on Mexico and Canada would go live: March, April? Of course, the tariff threats are weighing on global sentiment but also on US’ own growth expectations. In Europe, sentiment got a boost by hope of seeing the end of the war in Ukraine. If the European Central Bank (ECB) continues to give support with lower rates, that would be even better. But the ECB’s ability to cut rates depends on inflation outlook, as well. So watch Spain release its preliminary CPI update for February today, and France, Italy and Germany update their numbers tomorrow. Listen to find out more!

After the biggest exchange hack at ByBit the entire industry is in shambles. How will the coins continue? 00:00 Intro 00:22 Bybit hack 03:02 Bitcoin 04:49 Solana 05:13 Chart development 07:53 Prospect 08:31 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Yesterday was yet another ugly session for US stocks. The increasingly heavier weight of Trump talk, deteriorating relationships across the globe – except Russia – combined with higher inflation expectations on tariffs, the uptick in inflation and weakening expectations from US consumers are certainly to blame for the selloff in equities – that boost appetite in bonds, considered to be a safer investment option. Major US indices fell, Roundhill’s Magnificent 7 ETF dived more than 2%, Tesla tumbled more than 8% on news that its European sales nosedived 45% in January. Nvidia lost 2.80% and tested its 200-DMA to the downside a day before announcing its quarterly earnings. Nvidia will reveal its Q4 earnings today, after the bell, and expectations are strong. But will strong results be enough to lift investor sentiment is yet to be seen! Listen to find out more!

The European stocks started the week near flat, while German companies gave back early gains, boosted by the idea – hope – that the new German government will relax spending rules and announce a special defence spending budget that could go up to 200bn euros to take its own security in its own hands for the first time since the WWII. Every penny spent on defence is one less penny spent elsewhere, and the latter could accelerate rotation toward the European equities. The worsening geopolitical and trade outlook boost appetite for safer pockets of the market. The US yields and gold advance to fresh record. In energy, US crude extends rebound after approaching the critical $70pb support last Friday on news that Trump government imposed new sanctions on oil brokers and ships that were linked to illicit Iranian crude. But the worsening global economic outlook on rising trade tensions will likely keep the upside limited. Listen to find out more!

The euro and the European equity futures are in the green this Monday morning on hope of higher spending by the new German government which could tackle the economic weakness of past years. Across the Atlantic, things were looking pretty bad last Friday. The US stocks were hit by an ugly selloff on weaker-than-expected economic data and exploding inflation expectations. In fact, the US 5-10 year consumer inflation expectations hit the 3.5% mark – the highest since 1995 – on prospects of massive tariffs from Trump government and worsening trade relations with the rest of the world. This week, investors will watch Nvidia earnings and the US’ latest GDP and PCE updates. The US dollar index slipped below the 100-DMA despite the exploding inflation expectations and is about to test an important Fibonacci level, the 106 major retracement on September to January Trump rally. In energy, crude oil cleared the 100-DMA support without much pain and tumbled more than 3% on Friday. Listen to find out more!

The US dollar is giving back gains despite the tariff talk, rate cuts in Australia and New Zealand and despite the hawkish Federal Reserve (Fed) minutes that hinted that the Fed officials are inclined to keep the rates unchanged until they see ‘further progress on inflation before making additional adjustments’. On the Chinese front, the news are surprisingly well. Not only that Xi Jinping met with the Chinese Big Tech leaders to show off their now-improved relationship, but Trump also said that there could be a trade agreement with China as he’s got a ‘great’ relationship with Xi. And to top it all, Alibaba announced strong quarterly results – its fastest in a year – and said that AI is their ‘primary objective’. Alibaba shares gained more than 12% in Hong Kong today and they are up by more than 75% since mid-January. Listen to find out more!

The US dollar extended gains and gold hit a fresh ATH fuelled by fresh tariff threats from Donald Trump. Worries in Chinese markets and rising geopolitical tensions support further gains despite all-time high levels. Elsewhere, the early moodiness due to Trump’s new tariff threats quickly waned. The euro and Loonie recovered losses against the greenback, while the stock markets in Europe gave a mere reaction to Trump news. The energy and mining heavy FTSE 100 led gains in Europe, goldminer Fresnillo jumped almost 5% to a year-high, while BP rallied more than 7% on news that the activist investor Elliott Investment Management has acquired a substantial stake in the company to increase focus on traditional oil and gas operations and rely less on investments in renewable energy. Across the Channel, the Stoxx 600 extended gains to a fresh ATH as well, while in the US, the S&P500 gained. US Steel Corp and Alcoa were happy about the tariff news, while the tech stocks led the rally. Nvidia extended gains by more than 2.50% as the French PM promised to invest more than 100bn euro in AI at a tech summit in France. In the FX, the US dollar remains in demand as the Federal Reserve (Fed) Chair Jerome Powell begins his two-day testimony in front of US politicians today and is expected to adopt a cautious approach despite mounting pressure to lower rates from the Trump government. Listen to find out more!

In this special Market Talk episode, we break down candlesticks and their importance in trading. Candlesticks aren’t just price movements—they tell a story of market sentiment, reversals, and potential trends. While understanding candlestick formations can sharpen your market analysis, they’re not foolproof. The more traders react to patterns, the stronger the self-fulfilling prophecy effect. Listen to find out more!

The US is planning to impose tit-for-tat tariffs globally, but studying tariffs case by case requires time and the tariffs won’t be effective until April. I don’t know if you could call it good news, but the markets’ reaction suggests that the latter has been perceived as good news, and helped keeping appetite afloat yesterday. The US dollar index was sharply sold despite the broadening tariff war, the US yields eased and equities gained. But the macroeconomic and trade setup remains supportive of the US dollar – a setup that could keep gains in euro and sterling limited. In equities, though, the European stocks continue to ignore the tariff threats and chose to surf on the rotation trade, while the Chinese stocks gather momentum on AI. Listen to find out more!

Bitcoin in consolidation, but are the altcoins out of gas? 00:00 Intro 00:27 Preview 00:48 Altcoins 02:30 Cardano 03:06 Litecoin 03:53 Doge & Ripple 04:51 Solana 06:33 Charts 10:09 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Yesterday’s inflation update from the US didn’t go well. January data showed a hotter-than-expected report across monthly and annual readings and all categories including food, energy and housing. As such, the Federal Reserve (Fed) rate cut expectations melted like snow under the sun after yesterday’s clear uptick in US inflation suggested that the Fed would better wait and see before doing anything else. The US yields rose, risk appetite weakened while the US dollar unexpectedly softened. Gold, too, gained despite the rising US yields and the historically negative relationship between US yields and gold prices is no longer a thing. Elsewhere, crude prices plunged on hope of resolution in Ukraine. Listen to find out more!

Federal Reserve (Fed) Chair Jerome Powell’s testimony yesterday went smoothly and in line with the previous remarks that the Fed is not in a hurry to cut the rates. All eyes are on today’s US inflation update. The US headline inflation is expected to steady near 2.9% y-o-y in January, core inflation may have eased from 3.2% to 3.1%. A set of softer-than-expected inflation numbers could help sooth inflation worries and encourage a deeper retreat in the US dollar and a further advance across the major peers. While a stronger-than-expected set of inflation figures could fuel worries, back a further rise in the US yields and the dollar, and weigh on risk appetite. Elsewhere, Chinese tech stocks are surfing on the DeepSeek wave and stocks in Hong Kong didn’t look this promising in a while. Listen to find out more!

The US dollar extended gains and gold hit a fresh ATH fuelled by fresh tariff threats from Donald Trump. Worries in Chinese markets and rising geopolitical tensions support further gains despite all-time high levels. Elsewhere, the early moodiness due to Trump’s new tariff threats quickly waned. The euro and Loonie recovered losses against the greenback, while the stock markets in Europe gave a mere reaction to Trump news. The energy and mining heavy FTSE 100 led gains in Europe, goldminer Fresnillo jumped almost 5% to a year-high, while BP rallied more than 7% on news that the activist investor Elliott Investment Management has acquired a substantial stake in the company to increase focus on traditional oil and gas operations and rely less on investments in renewable energy. Across the Channel, the Stoxx 600 extended gains to a fresh ATH as well, while in the US, the S&P500 gained. US Steel Corp and Alcoa were happy about the tariff news, while the tech stocks led the rally. Nvidia extended gains by more than 2.50% as the French PM promised to invest more than 100bn euro in AI at a tech summit in France. In the FX, the US dollar remains in demand as the Federal Reserve (Fed) Chair Jerome Powell begins his two-day testimony in front of US politicians today and is expected to adopt a cautious approach despite mounting pressure to lower rates from the Trump government. Listen to find out more!

Another week starts with tariff threats. This time, everyone that applies tariffs to the US will be hit back with the same tariffs, and all aluminium and steel imports to the US – no matter from whom – will face a 25% tariff. ;ood this Monday in Asia is pretty mixed – to say the least. Aluminum and iron ore futures are slightly down, the US dollar index is up and the commodity currencies like Aussie and Loonie opened the week with a gap but the AUDUSD recovered early losses. The swift recovery in Aussie was certainly due to the encouraging Chinese data that showed that inflation advanced to the highest level in five months thanks to increased spending during the Chinese New Year holiday. Elsewhere, Friday’s jobs data from the US was all but ideal for the so-called goldilocks scenario. Plus, the latest data from the Fed on Friday showed alarming rise in household debt, credit card delinquencies remain strong. As such, it’s hard to guess what’s the best thing to do for the Federal Reserve (Fed). All eyes will be on Fed Chair Jerome Powell’s semi-annual testimony on Tuesday and Wednesday and on US inflation update due Wednesday. The EURUSD weakened on Friday and again in Asia on tariff threats while the convergence trade between US and European equities remains in play. Listen to find out more!

Monday’s trade tensions have been gradually waning, last week’s DeepSeek shocker is also digested among global tech investors. Earnings continue to flow in, on the other hand, and reinforce the narrative – or the fear – of rising AI spending and slowing growth. In this context, Amazon – that reported its latest quarter results yesterday after the bell – was the latest to post better-than-expected earnings and revenue but a slower growth of its cloud division. Zooming out, the S&P500 and Nasdaq 100 are surviving the less-than-wow Big Tech earnings. Both indices hang on near their ATH levels. The easing US yields certainly give a hand to valuations despite uncertainties regarding what the Federal Reserve (Fed) should do next. This week’s US jobs data has so far given mixed signals with lower job openings in December, lower job cuts during the course of last year but a jump in terminations in January, weaker labour productivity, a weaker-than-expected jump in labour costs, and a stronger-than-expected ADP employment figures. Today, the official US jobs data is expected to print 169’000 new nonfarm jobs added last month, with a slightly slower wages growth and a stable unemployment rate near the 4.1%. Investors will also focus on the annual revisions to the jobs figures. Elsewhere, the Bank of England (BoE) announced a 25bp cut yesterday, and two members wanted to cut by 50bp, while in energy, US crude extended losses toward the $70pb. Listen to find out more!

Sentiment across Europe and the US improves on waning trade tensions with the US. Most major indices ended the session in the green, but gains in the US were questionable due to the underwhelming set of earnings from big companies including Google, AMD and Ford, and a better than expected ADP report. US yields fell and the dollar softened letting the euro and sterling recover recent losses. The short-term gains could be extended but medium-term outlook for both currencies remain bearish against the greenback. Elsewhere, the convergence trade in favour of European stocks and Chinese AI, robot stocks is building up. Gold consolidates near ATH and crude oil is down on global trade worries and big jump in US weekly oil inventories. Listen to find out more!

What a start to the week, definitely not for the weak. Crypto or trade war up? 00:00 Intro 00:20 Preview 00:39 Bitcoin 01:45 Ethereum 03:00 World Liberty Financial & RWA Token 05:25 Charts 09:10 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The Chinese markets opened for the first time after a long Lunar New Year holiday, and they opened down on a set of weaker-than-expected PMI figures, on the news of 10% tariff on its exports toward Trump’s USA, and a further escalation of the trade war with the tit-for-tat measures announced yesterday from Beijing. Across the Pacific Ocean, Google hit a record high yesterday regardless of the Chinese threat. Magnificent 7 saw dip buying and rebounded near 1.80%. Palantir was the star of the day with a 24% rally in its share price after announcing lot better-than-expected quarterly results and amassing rating and PT upgrades from big banks on its capacity to cash in on the AI boom. Overall, the S&P500 and Nasdaq 100 consolidated gains above 50-DMA and the Stoxx 600 was better bid on Tuesday on rising confidence that the EU could negotiate trade terms with Trump and avoid tariffs. But sentiment is much less cheery this morning as Google and AMD results – released after the bell – didn’t enchant investors. Gold, on the other hand, renews record after record as the precious metal is certainly one of the best hedges against the Trump risks. Listen to find out more!

The news of a month of delay for the tariffs targeting Mexico landed soon after the US opening bell and similar news about Canada came in later in the day. On the European front, nothing more than increased threats and mounting tensions among politicians, with Brexited Britain spotted as one bright spot in Europe. On the Chinese front, Xi and Trump are set to discuss the 10% tariffs this week, but Beijing has already announced retaliatory measures, including an antitrust probe into Google and a 15% tariff on U.S. coal and LNG imports. The markets recovered from early losses but futures are in the negative. Alphabet and AMD are due to announce earnings today, and the monthly avalanche of US jobs data begins today with job openings data. Any strength in data will further fuel the Federal Reserve (Fed) hawks and help push back the expectation of the next rate cut further down the road. For now, the first rate cut is being priced in for June – the earliest. Listen to find out more!

Risk sentiment is on the floor this morning after Donald Trump imposed 25% tariff on most Mexican and Canadian imports and 10% tariff on Chinese imports which will take effect from tomorrow – a move, I believe, will certainly backfire and end up in tears for everyone. But it will first add volatility and chaos to the financial markets. The first market reaction on Monday’s open is a swift move to the US dollar. The Mexican peso gap-opened at the lowest levels since March 2022 and the USDCAD jump-opened and flirted with the 1.48 level, the euro fell and crude oil jumped. Yet, the upside potential in the US dollar will likely be limited by lower growth prospects for the US economy as well, while oil companies will hardly benefit from Trump-led rise in oil prices. Equities will likely suffer on both sides of the Atlantic Ocean. Listen to find out more!

The European Central Bank (ECB) cut the interest rates yesterday for the fifth time and voiced concerns about euro area growth and tariff threats.Trump renewed his pledge to impose 25% tariffs on Canada and Mexico, sending the currencies of both countries lower against the US dollar. Gold hit a fresh ATH yesterday, backed by a swift move to safety due to the Trump's tariff threats, the rising geopolitical tensions, the rising US government debt and the fear of a potential tech rout that could lead to a global risk selloff. In the tech space, five days into the DeepSeek drama, and ‘hundreds of companies’ – especially those linked to governments – are already limiting access to DeepSeek’s search engine highlighting data security concerns for using a Chinese chat bot that could collect and give information to Chinese authorities. Chip and digital information war between China and the West is entering a new phase and cybersecurity firms will likely see the benefits of it. Crowdstrike, Fortinet and Cloudfare hit fresh ATH levels this week and have potential to attract more capital. Elsewhere, Meta extended gains to a fresh ATH as well following the announcement of stronger-than-expected earnings on Wednesday, while Apple gained 3% in the afterhours trading after releasing better-than-expected Q4 results and a record high Q4 revenue despite a massive hit from Chinese revenue. Listen to find out more!

Three of the Magnificent 7 companies – and ASML – released their Q4 earnings yesterday and the numbers were ... mixed but hinted at strong AI spending and increased competition with Meta aiming to bring its AI model to a bullion users this year. In China, Alibaba stepped out of the darkness saying that it’s AI model is the greatest of the world and is performing better than Meta and DeepSeek. A giant like Alibaba should be taken as a bigger threat than DeepSeek as the company can back it up with real-world applications and wide adoption. Zooming out, the US equity markets were down yesterday, but the futures are up this morning. The Federal Reserve’s (Fed) decision went according to the plan. Fed members decided to maintain the rates where they are and seemed worried – and a bit confused – about inflation communication. Beyond the borders, the Bank of Canada (BoC) cut its rate by 25bp BUT refrained from giving any guidance due to Trump uncertainties and the European Central Bank (ECB) will certainly announce a 25bp cut today, and repeat that if the data allows, there will be further support. Listen to find out more!

The week started off weak, but what are cryptos chances when an AI correction hits the stock markets? 00:00 Intro 00:25 Preview 00:51 Bitcoin / Deepseek 06:35 Render 09:03 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The AI selloff reversed yesterday, Nvidia jumped nearly 9%. ASML this morning announced a set of better-than-expected results that could also help improve sentiment. But the news flow will be intense in the next hours and things could change rapidly. On the menu du jour, the Federal Reserve (Fed) is expected to announce no change to its rates later today, the Bank of Canada (BoC) is expected to cut its rate by 25bp, the European Central Bank (ECB) will probably do the same when it meets tomorrow. On the earnings front, Meta, Microsoft and Tesla are due to announce their quarterly results after the bell. Good news is that the DeepSeek shock is probably behind without further damage until investors and the Big Tech leaders get more clarity on if and how DeepSeek managed to create a model *this* cheap. But the bad news is, no matter if DeepSeek’s claims are true or not, Monday’s tech rout will taint the earnings season, and investors will be peakier about the AI spending announcements. Together, Amazon, Meta, Alphabet and Microsoft are expected to spend up to $300bn in AI this year, while the earnings growth is expected to slow to less than 20% in 2025. Listen to find out more!

Monday was marked by a trillion dollar selloff in US equities – especially the AI-related names – and a swift flow toward safer assets. Nvidia printed its biggest one-day loss as Nasdaq 100 tanked 3% and nuclear stocks joined the rout. But the selloff may have been exaggerated as there are many unanswered questions regarding the DeepSeek’s AI model, its capacity to rival US tech peers for global dominance and for industry’s future trends. Listen to find out more!

Last week wrapped up with a striking contrast: bullish momentum through most of the week gave way to a bearish close on Friday. A set of stronger-than-expected PMI data prompted investors to recalibrate their Federal Reserve (Fed) outlook, weighing stronger economic growth and the likelihood of a more hawkish Fed response. A such, the Stoxx 600 retreated after hitting a fresh record. The S&P500 and Nasdaq traded lower as well, and futures, especially Nasdaq futures, are looking pretty bad this morning with a more than 2% slide at the time of writing hammered by the news that the Chinese startup DeepSeek could run its latest AI model on less advanced chips... and could disrupt the US tech’s global dominance. But keep calm and breath. It’s probably too early to bet that DeepSeek will challenge the global AI leaders. This week’s Big Tech earnings will certainly give a stronger conviction to those looking for a fresh direction. This week, four of the Magnificent 7 stocks – Microsoft, Meta, Tesla and Apple – and ASML are due to announce their Q4 earnings, along with Intel, Visa and Mastercard, and the oil giants. It will be a big week for central bank decisions, too. The Fed is expected to keep rates unchanged, while the European Central Bank (ECB) and the Bank of Canada (BoC) are expected to cut theirs by 25bp.$ Listen to find out more!

US 2-year yield and crude oil fell, and the S&P500 extended gains to a fresh ATH yesterday, as US President Donald Trump said – in his virtual speech in Davos – that he would push for further interest rate cuts and ask OPEC to lower crude prices. Chip stocks couldn’t fully benefit from yesterday’s rally as the Korean chipmaker SK Hynix cautioned that the 2025 memory demand outlook was uncertain due to inventory adjustments by PC and smartphone manufacturers, along with heightened trade protections and geopolitical risks. But overall, the equity rally has further room to run on prospects of lower rates and robust earnings. In the FX, the majors extend gains versus a broadly offered US dollar and there is margin for forther recovery until reaching important technical levels. In energy, crude oil sank into its own medium-term bearish consolidation zone yesterday, in a selloff triggered by Donald Trump’s push for lower oil prices. Listen to find out more!

US equities were boosted by strong earnings and Trump’s AI push. Technology stocks led the rally, while Tesla fell on Elon Musk’s frustration over the closer relationship between Trump and OpenAI’s Sam Altman. Elsewhere, P&G’s latest quarterly report showed that the company’s Q4 sales growth came from higher volumes and not from price hikes, giving hope regarding the US inflation dynamics. Unfortunately, that doesn’t erase the risk of rising inflationary pressures on Donald Trump’s pro-growth policies, his tax cut and mass deportation plans and the tariffs – which are all potential inflation-boosters. In Europe, the Stoxx 600 advanced to a fresh record high yesterday, on hope that the tariffs that the US would impose on Europe would be softer than the threats. In China, market sentiment is mixed. The relief over Donald Trump not announcing new tariffs on China during his inauguration didn’t last long. Chinese equities are under pressure despite new measures aiming to boost stock appetite. In FX and commodities, the US dollar rebounded yesterday on the back of higher US growth and potentially higher US inflation expectations and crude oil is down for the sixth straight day on the back of Trump policy plans and a surprise 1 mio barrel build in US inventories last week. Listen to find out more!

Before he became the 47. President of the United States, Trump and his team launched a...Memecoin? Good or bad for the industry? 00:00 Intro 00:23 Preview 00:36 Viewer Questions 02:06 Bitcoin 03:33 Ethereum 06:12 Solana 09:42 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Netflix blew past the market expectations last quarter and printed its biggest ever quarterly jump in subscriptions. The share price jumped 14% in the afterhours trading. More good news for the tech lovers. Trump, together with Softbank and Oracle, announced to invest as much as $500bn in AI infrastructure in the next four years. Oracle jumped more than 7% on the news, while VanEck’s uranium and nuclear ETF gained almost 5%. The news also boosted growth and productivity expectations more than they fueled the ballooning debt worries. The major US indices gained, while small and mid-cap indices outperformed their bigger cap peers. Elsewhere, the Stoxx 600 index gained yesterday and closed a few points below an ATH level defying the morose growth outlook for the European economies, while the UK’s FTSE 100 has printed its third record high in the 3 past sessions. Elsewhere, the US dollar retreats on worries that the long dollar positions got too crowded and US crude remains under pressure. Listen to find out more!

Surprise, Trump didn’t throw a punch to China in the first few minutes of his presidency and the WSJ reported that he would study the trade policies and the relationships with China, Canada and Mexico instead. The latter gave hope that Trump’s trade policies wouldn’t be as aggressive as he promised. The US dollar initially fell. BUT WAIT... the dollar jumped again, erasing losses versus most major currencies as Donald Trump later said that Canada and Mexico could be subject to 25% tariffs from February 1st. Any remarks could hit China anytime, as well. This morning, we are back to the inflation worries on tariff threats that pushes the US dollar higher against many majors. No one knows what’s next but the positive pressure on the dollar against most majors – except the yen – should continue on the back of fears that Trump tariffs would boost inflation in the US and keep the Fed hawks close to the market. In earnings, Netflix is due to announce its Q4 results today after the bell. Listen to find out more!

After a few weeks of hesitation around the beginning of the new year, the equity bulls finally returned to the market last week on the back of a set of slower-than-expected inflation figures from both the US and the UK, and a set of stronger-than-expected US big bank results. The global bond yields retreated in the developed world from a peak reached earlier last week and let the equities take a breather. In FX and commodities, the US dollar retreated on the back of soft CPI and softening Federal Reserve (Fed) expectations, leading to a slow down of the selloff in the EURUSD and Cable. US crude traded past the $80pb but couldn’t extend gains above this level. Today, Donald Trump will be sworn in and officially move into the White House. A good part of Trump trade has already happened – the small and mid-caps rallied, energy and financials outperformed and cryptocurrencies touched the sky. Therefore, the first week under Trump may not bring a lot of surprises... (but it may as well!) His brand-new cryptocurrency – launched on the Solana blockchain - gained up to 600% in three days reaching a $15bn capitalization before easing – a little bit – also sending Solana to a fresh record high and the CSI index opens the week on a positive note after a ‘good’ phone call between Trump and Xi. Elsewhere, big names including Netflix, P&G and American Express will go to the earnings confessional this week and the S&P500 companies are expected to print near 12% earnings growth this season. Listen to find out more!

Markets are riding a wave of optimism fueled by slower-than-expected US retail sales, strong earnings from banks and TSM, and hawkish comments from Fed's Christopher Waller hinting at earlier rate cuts if inflation continues its downward trend. Yet, US inflation metrics show core services inflation remains stubbornly high, while energy prices face upward pressure from geopolitical risks like Trump’s tariff threats and sanctions on oil producers. In China, upbeat Q4 data helped the CSI 300 index and yuan, though deflation and weak retail sales signal the recovery isn’t complete. Meanwhile, US and European yields dipped amid dovish central bank remarks and technical corrections, giving equities a mixed boost. Luxury stocks in Europe surged on Richemont's record sales, while Nvidia and the Magnificent 7 faltered on chip curb concerns. With banks outperforming and yields stabilizing, the stage is set for continued rotation toward lower-valuation sectors. Where will markets head next? Listen to find out more!

Yesterday offered an almost ideal news flow for global investors. The markets lit up with joy yesterday on the back of softer-than-expected inflation numbers from the UK and the US, as well as strong bank earnings. Yields fell, equities gain, the US softened, banks and Big Tech rallied – and the rally could continue today on the back of stronger-than-expected TSM results. But inflation remains well above the Federal Reserve (Fed) policy target, the German economy shrank for the second consecutive year, while the stock valuations remain at levels that can’t afford any misstep. Listen to find out more!

Bitcoin's supply shock might be coming sooner rather than later, but we still expect some volatility going forward... 00:00 Intro 00:26 Preview 00:45 Viewer Questions 01:46 Bitcoin 04:31 Ethereum 05:39 Solana 06:26 Charts 08:46 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

Sentiment was slightly better and the dollar was slightly lower on Tuesday on the back of a softer-than-expected PPI report from the US and on news that Donald Trump’s America First team would only ‘gradually’ increase tariffs on the rest of the world – if that’s any comfort. All eyes are on the US CPI data due today. The headline inflation in the US is expected to have ticked higher from 2.7% to 2.9% in December, while core inflation is seen sticky near the 3.3% level. A higher-than-expected set of data could reverse yesterday’s selloff in the US dollar and weigh on treasuries and equities, while a softer-than-expected figure could help cooling the hawkish Fed expectations and let the US dollar give back field, and the treasuries and equities take a breather. Elsewhere, the Eurozone countries are also releasing fresh updates to their inflation numbers today with the Eurozone aggregate figure for December due Friday, meanwhile the UK printed a set of lower-than-expected inflation figures this morning. In energy, news that Israel and Hamas are nearing a ceasefire agreement before Trump’s inauguration helped cooling the rally but the geopolitical risks prevail. Listen to find out more!

The bond selloff continues. The global bond selloff is fueled by concerns over soaring debt levels leading to political turmoil and uncertainty in developed economies. This is compounded by major central banks' struggles to bring inflation down to their 2% target, amid various economic, political and geopolitical developments that could trigger a reversal in consumer prices worldwide. Consequently, the yields are rising and the expectations of further rate cuts from some major central banks are melting putting equities under pressure. Markets’ sensitivity to major economic data will likely rise as policy uncertainties mount and appetite weakens. Due today, the US will release its latest PPI numbers, and the headline PPI may have risen from 3% to 3.4% in December and core PPI is seen rising from 3.4% to 3.7% during the same month. Rising price pressures are not good news for the Federal Reserve (Fed) doves. Stronger-than-expected inflation figures could further accelerate the US treasury selloff and support the US dollar. Yet the dollar rally appears to be approaching stretched levels, which could encourage contrarians to return to the market. Listen to find out more!

Surprise! The US economy added more than 250K new nonfarm jobs in December, some 90K more than expected, and the unemployment rate fell to 4.1%. If it’s any comfort for the Federal Reserve (Fed) doves: wages growth softened from 4% to 3.9% on a yearly basis. But all in all, the report looked very strong, and further hammered the dovish Federal Reserve (Fed) expectations. The US yields and the dollar gained, equities fell and the VIX index flirted with the 20 level, suggesting mounting discomfort among investors. But not in oil! US crude oil jumped on fresh US and UK sanctions against Russian oil companies and vessels that transport this oil. The new week has a busy economic and corporate calendar. The US inflation update, the Big bank and TSM earnings will be closely watched by investors around the world. Listen to find out more!

The selloff in British gilts and the pound slowed yesterday after Rachel Reeves compromised on her spending plans but the pound, as other major currencies, remain under a decent selling pressure into the US jobs data due later today. Before the announcement of the US official jobs data, activity on Fed funds futures suggests that the Fed’s next rate cut should arrive in May – with around a 53% chance. A set of stronger-than-expected data could flip this expectation to the ‘no cut until June’ side very rapidly and enhance the selloff in the US dollar and support a further appreciation of the US dollar, while a set of softer-than-expected jobs data could strengthen the hope of a May cut. Given how quickly the Fed hawks have gained ground in recent weeks—and how much more investors are excited by dovish signals—the market’s reaction to soft data could outweigh its response to strong figures. On the flip side of the world, the Chinese struggle with a completely different problem. Despite the announcement of multitude stimulus measures, yields there continue to dive, and the gap between the US and Chinese yields are widening *alarmingly*. China will release its latest inflation report this weekend, and everyone prays for deflation to slow. Listen to find out more!

A rough start for Bitcoin in the new year. But while the ETF flows are going up and down we're focusing on what's going to happen this week in the world cryptos 00:00 Intro 00:26 New Years 00:56 Preview 01:17 Bitcoin 04:00 Solana, Ethereum, Base 05:07 Ripple 06:22 Bitcoin Chart 07:06 Ethereum Chart 07:42 Solana Chart 08:22 Ripple Chart 09:10 Subscribe & Good bye #crypto #cryptonews #cryptotrading #swissquote _____ Learn the fundamentals of trading at your own pace with Swissquote's Education Center. Discover our online courses, webinars and eBooks: https://swq.ch/wr _____ Discover our brand and philosophy: https://swq.ch/wq Learn more about our employees: https://swq.ch/d5 _____ Let's stay connected: LinkedIn: https://swq.ch/cH

The selloff in US treasuries continued yesterday over concerns that Donald Trump’s presidency would boost spending and inflation in the US, and make the Federal Reserve’s (Fed) job of bringing inflation back to the 2% target more difficult. The selloff slowed after weaker-than-expected ADP report. Across the Atlantic, The 10-year gilt yield advanced to the highest level since 2008 yesterday and broke above the peak levels that were reached during Liz Truss’ historic mini budget crisis. Sterling fell against a broadly bought US dollar, but also against the weakening euro. The barrel of US crude remembered what it was like to sit above the $75pb level for a while, before returning to the $73-ish levels. And finally, trade tensions get tenser between the US and the latter. Biden announced additional restrictions on AI chip exports – after blacklisting Tencent and CATL, one of Tesla’s key battery suppliers. Nvidia dipped below $140 share after the bell, while quantum stocks tanked after Jensen Huang said that he doesn’t see quantum computers’ usefulness before 15 – or even 20 years. Note that the US stock markets will be closed today as day of mourning for Jimmy Carter, while the bond market will close at 2pm New York time. Listen to find out more!

Good news was bad news yesterday and they even wiped out the optimism that Nvidia initially created around AI with the announcement of new products. The US released a set of higher-than-expected ISM data, suggesting that non-manufacturing activity was better than expected in December – in contradiction to the S&P’s PMI data released a day before. But what really dampened the market mood was that prices paid by companies unexpectedly - and meaningfully - jumped to the highest levels since 2023. Separately, JOLTS data hinted at an unexpected jump in job openings in November to above 8 mio jobs openings. The better-than-expected US data fuelled the hawkish Federal Reserve (Fed) expectations, pushed the US yields higher and kicked the expectation of the next Fed cut further down the road. The US dollar rebounded against most majors as the latest US data fuelled the Fed hawks. Due today, the ADP report is expected to print a relatively soft number of new private job additions last month. In Europe, the CPI reading came in line with expectations, fuelled the European Central Bank (ECB) doves, pulled the euro lower and pushed stocks higher. Across the Channel, the UK’s 30-year gilt yield advanced to the highest level since 1998. Listen to find out more!

Early year worries that the AI rally would fizzle out were rapidly wiped out at the start of this week by several news, including Microsoft’s announcement to be willing to spend $80bn on data centers – which pushed the stock up to 1.4% yesterday and Foxconn’s announcement of a 42% surge in its December sales thanks to AI-driven demand. But mood beyond tech was murkier. The Dow Jones for example was slightly lower on Monday, as US yields spiked. The US dollar couldn’t benefit from higher yields as Washington Post reported that Trump’s policies wouldn’t be as harsh as promised. But Trump rapidly denied the news and the dollar rebounded. The USDCAD sharply fell on Trudeau’s resignation – and probably on the back of a rally in US crude, the EURUSD – which tanked to 1.0224 in the early hours of the new year - rebounded past the 1.04 level, and Cable successfully threw itself back above the 1.25 mark. The rising energy prices in Europe ease the dovish Fed expectations as inflation in the EZ ticks higher. European nat gas prices rallied 30% since mid-December, as US crude hit $75pb mark. Listen to find out more!

Here we are, the last day and the last trading day of the year. It’s now been about two years that ChatGPT was launched and it’s been two years that the AI buzz pushed some US Big Tech companies to ... the sky, really. The consensus is that 2025 should be a good year, that the easing central bank policies and falling yields should help the US Big Tech rally to further broaden toward the non-tech pockets of the market, and beyond the US. In FX, the US dollar index is having its best year since 2015 and could continue to extend gains on the back of a gradually less dovish Federal Reserve (Fed) outlook, while the euro is seen weakening against the dollar and sterling. In commodities, gold had a stellar year and could see more gains in case of a downside correction in global equity markets. While crude oil will likely close the week in the bearish consolidation zone, below the $72.85pb level, as the expectation of an average 1mbpd supply glut next year and China’s inability to reverse weakness will probably limit the upside potential. Listen to find out more!

Last week ended on a positive note for the European stocks and negative note for the US stocks. Friday saw the S&P500 dive more than 1%, while the Stoxx 600 closed 0.67% higher. We can’t drive major conclusions in a holiday-shortened and thin-trading-volume week, but last week’s price action looked pretty close to the narrative of rotation from tech to non-tech stocks that many investors expect to be the theme of next year. Asian markets opened the week on a negative note. The Japanese Nikkei index and Australian stocks were offered this Monday with trading volumes nearly 20% lower the Japanese market, and 55% lower for their Australian peers (Bloomberg). Futures point at an unappetizing start for the last Monday of the year both in Europe and in the US, and the price moves could be exaggerated with low trading volumes. In the FX, the US dollar is flat. The EURUSD sees resistance into 1.0435, while Cable is offered into 1.26 level. The USDJPY continues to flirt with the 158 resistance as traders and government officials are getting caught up in heated debates. Listen to find out more!

Those glued to their screens, hoping for Santa’s arrival, were left disappointed. The major US indices weren’t in good shape yesterday even after a mixed bag of US jobs data. The major US equity indices were softer as Bitcoin gave back Xmas day gains. In China, equities are better bid since Chinese authorities pledge on Tuesday to sell a record amount of 3 trillion yuan worth of special treasury bonds next year to give support to the economy. In Japan, the Nikkei index surged past the 40’000 mark on the back of a weakening yen as the bears are out and selling the yen since the Bank of Japan (BoJ) bypassed a rate hike earlier this month. Elsewhere, in the FX, the US dollar index was mostly steady this week. The EURUSD is under pressure on French political uncertainties. Across the Channel, hope that 2025 will bring good health to the UK economy - ideally with improved relations with once-loved and cherished ones - persists, but the path remains shaky. In energy, the barrel makes an attempt above the 50-DMA, but remains topped by offers before reaching the 100-DMA – which currently stands near the $71.30pb level. Listen to find out more!