LMAX Group Research Desk
LMAX Group
It's been ugly out there. US equities just went through another day of red and are already down quite a bit this month. The NASDAQ has been the biggest loser of the three major US indices, down some 8% in March.
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Editors’ Picks
AUD/USD: Formidable resistance sits above 0.6500
AUD/USD reversed part of Tuesday’s pronounced recovery, coming under renewed downside pressure on the back of the late rebound in the US Dollar. The move higher in the Greenback was propped up by prospects of further progress on the trad front, while speculation kept pointing to a later-than-expected Fed rate cuts.
EUR/USD: Another drop to 1.1060 is not ruled out
EUR/USD rapidly faded its initial move to weekly highs around the 1.1270 zone on Wednesday, refocusing on the downside and approaching the 1.1160 region toward the closing bell on Wall Street. The pair’s pullback came on the back of the firm tone in the Greenback, which managed to regain balance and reverse initial losses, all ahead of Thursday’s release of US Retail Sales and the speech by the Fed’s Powell.
Gold looks consolidative below 3,200
Gold appears to have entered a brief consolidation phase below the $3,200 mark per troy ounce on Wednesday, following an earlier drop to five-week lows. The retreat came as investors continued to rotate out of the safe-haven asset, with growing optimism over trade developments driving steady selling in the metal.
$100M DeFi Development funding sends Solana price above 73-day resistance
Solana price surged past $184 on Wednesday, marking a 25% gain in May. The rally follows a fresh capital injection by DeFi Development, reaffirming institutional confidence in Solana’s blockchain ecosystem amid favorable macroeconomic signals.
US-China trade truce only emphasizes timeless investing truths
Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us.
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