Fiona Cincotta

1 month ago | forex.com | Fawad Razaqzada |James Stanley |Fiona Cincotta

Following a surge in index futures, Wall Street open higher as technology giants like Apple and Nvidia rallied on the back of news of a temporary reciprocal tariff exemptions on phones, computers and other consumer electronics. The major US indices were holding onto their earlier gains, although still inside last week’s ranges, suggesting traders have not been convinced that they have had the all-clear just yet.

1 month ago | forex.com | James Stanley |Fawad Razaqzada |Fiona Cincotta

Stocks jumped yesterday with S&P 500 futures gained an even 10% and Nasdaq 100 futures more than 12%. The driver behind the move was an announcement from President Trump that tariff implementation would be delayed by 90 days for every country other than China, were tariffs would actually increase to 125%.

1 month ago | forex.com | Fawad Razaqzada |Fiona Cincotta |Matt Weller CFA |David Song

The US dollar was on the back foot in the first half of Wednesday’s session as the trade war enters a critical phase. Trump’s reciprocal tariffs day finally arrives later on, with risk sentiment remaining fragile following a bruising few weeks for global markets, especially Wall Street. With the exact scope of these measures still uncertain, you can understand why investors are cautious, reluctant to take on greater exposure to riskier assets just yet.

2 months ago | cityindex.com | David Song |Fiona Cincotta |David Scutt |Matt Weller CFA

British Pound Outlook: GBP/USDGBP/USD clears the February high (1.2716) to register a fresh yearly high (1.2754), and the exchange rate may further retrace the decline from the December high (1.2812) as it continues to trade within an ascending channel. GBP/USD seems to be unfazed by the shift in US trade policy as it extends the advance from the start of the week, and the rally in the exchange rate may persist as it carves a series of higher highs and low.

2 months ago | forex.com | James Stanley |Fiona Cincotta |David Scutt |Matt Weller CFA

While EUR/USD has continued to struggle around the 1.0500 area, the bullish trend in Cable (GBP/USD) has been clearer, with the pair setting a fresh two-month-high last week. Last week’s USD rally drove pullbacks in many majors, GBP/USD included, but the pair held support at a key Fibonacci level, and an area of prior resistance, to keep the door open for fresh highs. I look at GBP/USD along with other major FX pairs each week in the Tuesday webinar. Click here for registration information.