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Trade Reviews
Professional and technical analysis on products and past trades
SpaceX shares fall around 16%, market capitalisation retreats to $2 trillion
SpaceX shares tumbled 16.43% to close at $154.60 following the announcement of a senior unsecured notes offering.
Brent approaches $80 amid growing hopes of Strait of Hormuz reopening
Brent crude oil approached the $81 mark, touching levels not seen since early March 2026. Prices gained ground as market participants weighed the implementation of a ceasefire agreement between Israel and Hezbollah against the highly anticipated reopening of the critical Strait of Hormuz maritime chokepoint.
Canadian PPI hits multi-year high, signalling inflation pressures; USD/CAD advances
The USD/CAD currency pair advanced to 1.4128 as a soaring Canadian Producer Price Index (PPI) reached 13.6% year-on-year, driven primarily by energy supply disruptions in the Middle East.
UK inflation holds steady as GBP/USD falls sharply
UK inflation remained at 2.8% in May, below expectations, easing pressure on the Bank of England ahead of its policy meeting. However, core inflation edged higher and sterling fell by 1% against the dollar as the Federal Reserve’s hawkish stance widened policy divergence.
Nikkei reaches new record as BoJ intensifies its restrictive stance
The Nikkei 225 achieved a fresh record high after the Bank of Japan raised interest rates to 1%, marking its highest borrowing cost since 1995 and signalled potential further tightening to contain persistent inflationary pressures. Despite this hawkish policy stance, equities advanced.
Dow Jones hits record high on optimism over US–Iran peace deal
The Dow Jones reached a record high as optimism surrounding a preliminary US–Iran peace deal improved risk sentiment and reduced market volatility. Lower expectations of Federal Reserve rate hikes provided additional support.
SpaceX market cap advances as shares debut in public market
SpaceX surged 7.26% on its historic IPO debut, closing at $160.95 with an implied $2.1 trillion market capitalisation, marking Wall Street’s biggest public listing in history.
Nikkei under pressure amid rising producer prices and geopolitical instability
Japan’s Nikkei 225 retreated as producer prices surged to their highest level since March 2023, increasing pressure on the Bank of Japan amid yen weakness above ¥160 per dollar. Escalating tensions in the Middle East also weighed on market sentiment.
Gold breaks below key technical level as hawkish Fed expectations rise
Gold fell below a key technical support level as rising expectations of a more hawkish Federal Reserve outweighed safe-haven demand arising from tensions in the Middle East. Higher implied odds of further rate increases added pressure to bullion, which closed at $4,282.
Amazon breaks below key technical level as selling pressure persists
Amazon shares remain under pressure, down 11% from their record high, as strong US labour market data, inflation concerns, and rising tensions between Israel and Iran reinforce expectations of tighter Federal Reserve policy.
