Stocks hold above their lows for now

Chris Beauchamp IG

The selling seems to have paused for now across stock markets, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.

Stocks hold up despite China retaliation

The selling in global equities appears to have exhausted itself for the time being. News that China had responded with retaliatory tariffs of its own failed to stir much of a reaction beyond about 30 minutes of trading, a sign perhaps that for the moment markets have found a low. This might just be simple fatigue from all the headlines; it certainly doesn’t appear to be a surge in bullish sentiment.

Where do we go from here?

According to the US president, this is a ‘great time’ to buy, but the proof of the pudding is in the eating. Volatility is a given from here, but the lessons of 2008 shouldn’t be forgotten. Even the most savage bear markets can see extended rallies, and until we see some hard data on the impact of tariffs it will be impossible to say that the low is in.

Author

Chris Beauchamp

EUR/USD looks sidelined around 1.1850

EUR/USD remains on the back foot, extending its bearish tone and sliding towards the 1.1850 area to print fresh daily lows on Monday. The move lower comes as the US Dollar gathers modest traction, with thin liquidity and subdued volatility amplifying price swings amid the US market holiday.

GBP/USD flirts with daily lows near 1.3630

GBP/USD has quickly given back Friday’s solid gains, turning lower at the start of the week and drifting back towards the 1.3630 area. The focus now shifts squarely to Tuesday’s UK labour market report, which is likely to keep the quid firmly in the spotlight and could set the tone for Cable’s next move.

Gold battle around $5,000 continues

Gold is giving back part of Friday’s sharp rebound, deflating below the key $5,000 mark per troy ounce as the new week gets underway. Modest gains in the US Dollar are keeping the metal in check, while thin trading conditions, due to the Presidents Day holiday in the US, are adding to the choppy and hesitant tone across markets.

Bitcoin consolidates as on-chain data show mixed signals

Bitcoin price has consolidated between $65,700 and $72,000 over the past nine days, with no clear directional bias. US-listed spot ETFs recorded a $359.91 million weekly outflow, marking the fourth consecutive week of withdrawals.

The week ahead: Key inflation readings and why the AI trade could be overdone

It is likely to be a quiet start to the week, with US markets closed on Monday for Presidents Day. European markets are higher across the board and gold is clinging to the $5,000 level after the tamer than expected CPI report in the US reduced haven flows to precious metals.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.