While Iran has reportedly presented a new proposal to the United States aimed at reopening the Strait of Hormuz—prioritizing the lifting of the naval blockade and postponing nuclear negotiations to a later stage, according to Axios—and the US Navy has allegedly seized $380 million worth of Iranian crude oil in the Indian Ocean, Brent prices […]
The SOXX, the Philadelphia Semiconductor Index and the main benchmark for the sector, rose again yesterday, marking its 17th consecutive session of gains. That alone is notable, but it also represents the longest winning streak ever recorded. Previously, the index reached 15 consecutive up sessions in late 2014, while historically it has tended to stall […]
Some EM currencies are performing very well against the USD. This is the case, for example, with the South African ZAR, and even more so with South American currencies such as the Mexican peso (MXN) and the Brazilian real (BRL). The peso has returned to levels very close to those seen in 2023 and early […]
Despite weaker growth, lower interest rates, and softer year-on-year inflation, the euro remains relatively strong against the US dollar, holding at elevated levels not seen for several years prior to recent months, broadly between 1.14 and 1.15. The current exchange rate around 1.1740 reinforces this strength. This resilience may reflect expectations that the European Central […]
The recent rally that pushed the S&P 500 up 13.7% from the intraday lows of March 30 to the highs of April 17—over just 13 sessions—has one dominant explanation: the attempt to reach a diplomatic resolution to the current conflict and the resulting two-week ceasefire, which is set to expire tonight. Other explanations have also […]
Tesla is set to report Q1 2026 results after market close on Wednesday, April 22. Consensus expectations point to revenue of approximately $21.9 billion, up around 13% year over year, and adjusted EPS of $0.36, reflecting growth of roughly 33%. This compares with Q1 2025 revenue of $19.34 billion and EPS of $0.27. However, this […]
The AUDCHF pair has maintained a sustained upward trajectory since Q4 2025, supported by a clear divergence in monetary policy. The Swiss franc’s strength in 2025—appreciating approximately 12.7% against the US dollar—has contributed to deflationary pressure in Switzerland, prompting the Swiss National Bank (SNB) to maintain an accommodative stance. With policy rates at 0% and […]
Last session, the Nikkei (cash) reached new all-time highs, advancing +2.38%. It joins the FTSE MIB in Europe and the S&P 500 in the U.S. among major indices that have fully absorbed recent market concerns. Over the past week, Consumer stocks—where AMZN, GOOGL, and META carry significant weight—led the rally with a +6.64% gain, followed […]
Unlike other indices—including the American S&P 500, the Italian FTSE MIB, and the Spanish IBEX 35—which have quickly and somewhat surprisingly returned to within touching distance of their recent or all-time highs, the German DAX has lagged in its recovery. In this respect, it more closely resembles the Dow Jones Industrial Average, likely due to […]
The USD—as represented by the USDIDX—has returned close to levels observed prior to the onset of the Middle East conflict. It is currently trading at 98.10, compared to a closing level of 97.60 on Friday, February 27, representing a difference of approximately 0.5%. This remains significantly below the intraday high of 100.50 reached on March […]
