TRENDING:

GBP/USD

XAU/USD

Cardano hits record, US jobs in focus [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Another day another record. The S&P500 hit a fresh high as the cyclical stocks and industrials led yesterday’s gains, while technology stocks paused and took a breath. We saw some profit-taking in Google, Amazon and Facebook, but Apple and Netflix eked out gains, and Netflix even hit a fresh record as it traded close to $600 per share for the first time.

All eyes are on the US jobs data today, with the strength of the data could tint the Fed expectations and trigger a certain price move across equities, especially given that we expect to see low volumes at a time when New York is dealing with severe floods. Also, Monday is closed for the US Labor Day. Therefore, thin trading volumes could lead to sharp price moves across equities if there is any positive or negative surprise on the data front.

In commodities, US crude shortly stepped above the $70pb on Hurricane Ida-led supply shortage and gold steadies a touch above the $1800 per oz, with little upside potential.

In cryptocurrencies, Cardano hits record ahead of Alonzo update, and look promising for cementing its top three ranking after Bitcoin and Ethereum.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD bounces toward 1.1750 as US Dollar loses strength

EUR/USD returned to the 1.1750 price zone in the American session on Friday, despite falling Wall Street, which indicates risk aversion. Trading conditions remain thin following the New Year holiday and ahead of the weekend, with the focus shifting to US employment and European data scheduled for next week.

GBP/USD nears 1.3500, holds within familiar levels

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades with modest intraday gains at around 1.3490 as market participants remain in holiday mood.

Gold trims intraday gains, approaches $4,300

Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.

Breaking: US Trump strikes Venezuela, claims President Maduro was captured and flown out of the country

United States (US) President Donald Trump has fulfilled his threats and finally struck Venezuela. Different media reports that explosions in Caracas began around 1:50 am local time on Saturday, leaving multiple areas of the city without power.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2026