This week starts with optimism in global markets [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

This week starts with optimism in global markets as Asian indices and US futures open higher. The S&P 500 just posted its strongest week since June, driven by solid earnings and hopes for progress in Ukraine. Trade tensions have eased somewhat, boosting European stocks. Energy markets are under pressure, with oil prices in a bearish zone after breaking key support levels, though upside risks prevail.

Big news: Nvidia and AMD plan to pay the US government 15% of their Chinese chip sales to reduce export-restriction risks and gain more revenue transparency. This unusual move raises questions about national security priorities versus financial interests.

AI investors will watch CoreWeave earnings closely, while cybersecurity stocks face seasonal pressure — presenting potential buying opportunities for long-term exposure.

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.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.