Trade Reviews

Professional and technical analysis on products and past trades

OPEC+ agrees to raise oil output from August; Brent declines slightly

OPEC+ agreed to raise output quotas by 188,000 barrels per day from August, adding to earlier increases and pressuring oil prices as flows through the Strait of Hormuz normalise. Brent edged lower, extending a sharp two-month decline.

Dow Jones hits record high amid softer nonfarm payrolls

The Dow Jones reached a fresh record high as softer US payrolls reduced expectations of near-term Federal Reserve tightening, supporting rotation into non-technology equities. Payrolls slowed sharply to 57,000, while unemployment fell to 4.2%.

DXY surge reflects a Fed regime shift more than a simple rally

The dollar’s move is no longer just a reaction to stronger US data. DXY trading at a 52-week high suggests markets are starting to price a deeper policy shift after Kevin Warsh’s debut remarks. His focus on price stability, rejection of forward guidance, and cautious stance on future decisions are changing how investors think about the Fed’s reaction function.

2 Jul 2026, 13:19

Eurozone inflation slows more than expected; Euro weakens

Eurozone inflation slowed more than expected in June, easing pressure on the ECB as both headline and core readings declined, although inflation remains above target. The euro weakened against the dollar as softer data contrasted with expectations of further Federal Reserve tightening.

UK GDP expands by 0.6% in final revision; GBP/USD maintains upward trend

UK GDP expanded by 0.6% in the final first-quarter revision, matching expectations and marking the strongest quarterly growth since Q1 2025. Services, production, and construction supported the economy’s resilience.

Yen falls to a four-decade low amid persistent selling pressure

The yen fell to ¥161.90 per dollar, its weakest level since 1986, as wide Fed–BoJ rate differentials, US dollar strength, carry trades, and energy-driven inflation continued to pressure Japan’s currency.

Nikkei slides on AI valuation concerns and prospects of yen intervention

The Nikkei 225 index dropped 4.15% to close at 69,360 points as investors questioned stretched artificial intelligence (AI)-linked valuations and initiated profit-taking following recent market gains.

Oil market turns back to inventories as war premium fades

Oil’s sell-off is not only about geopolitics anymore. The market is starting to look again at the physical balance, On one side, the fear premium is fading. Supply routes that looked vulnerable during the height of the Middle East crisis are reopening, and traders are no longer pricing the same level of immediate disruption around Hormuz. That has allowed crude prices to fall as the market removes part of the war premium built into prices.

Gold retreats to the $4,000 level as US dollar strength re-emerges

Gold retreated towards $4,000 as renewed dollar strength and rising expectations of a more hawkish Federal Reserve reduced demand for non-yielding assets. Markets are now focused on the forthcoming PCE inflation release.

Dollar index advances beyond consolidation on rising hawkish Fed outlook

The dollar index broke above a consolidation range and reached its highest level since May 2025, as markets priced in a more hawkish Federal Reserve outlook.