Can the Geopolitics is likely to guide price action as major conflicts extend

Inflation is likely to be the main driver of US price action, with the Fed looking to lower rates at least once this year. However, French election concern could see the greenback start the third quarter on the front foot

French elections likely to weigh on the Euro at the start of Q3 but the single currency looks to recover lost ground as the Fed eyes a rate cut, potentially as soon as September

The latest US Jobs Report showed 206k new jobs created vs. expectations of 190k. Last month’s figure however was revised sharply lower from 272k to 218k.

EUR/USD has benefitted from market hopes that US interest rates will soon start to fall. These hopes have been dashed before, however.

Bank of England's Impact on the British Pound

Outlook on FTSE 100, DAX 40 and CAC 40 as the UK Labour party ousts the Conservatives after 14 years in power.

UK asset markets are opening the session a touch higher after Labour’s record win at the general election. Later today the latest US Jobs Report will be key for markets moving forward.

​​Global indices are continuing to recover, though volumes are light thanks to the US holiday. ​

The Japanese authorities last stepped in to prop up the Yen back in May. It’s now just above the point at which they did

US Dollar Drifts Lower Amid Rate Cut Speculations

UK asset markets are treading water in early trade as the country votes for a new government with a range of polls showing Labour winning by a record margin.

Outlook on FTSE 100, DAX 40 and CAC 40 as an absolute majority for the far right party looks unlikely.

The gold market isn’t short of fundamental support but weakening inflation may leave it vulnerable too

The single currency is nudging higher but remains within this week’s range. US Jobs Report and the final round of the French election near.

While the Dow is still unable to move higher, and the Nasdaq 100 continues to rally from its June low, the Nikkei 225 has found the strength to push through 40,000.

Sterling has lost more ground to the US Dollar but the prospect of lower rates for both currencies’ home countries leaves current narrow range intact.

Gold has been stuck in a sideways range for three months as buyers and sellers battle for dominance. Will chair Powell’s speech later today give one side the upper hand??

The US dollar opened the week lower, knocked back by Euro strength, but is now trading at its best levels of the session after the latest German inflation data and US ISM report.

Outlook on FTSE 100, DAX 40 and CAC 40 as an absolute majority for either the far right or far left looks unlikely.

Summertime in the northern hemisphere should see increased demand and could mean that production cuts from traditional producers bite harder

The right-wing National Rally (RN) party won the first round of the French parliamentary elections on Sunday but look set to fall short of the 289 seats needed to gain power.

The yen depreciated notably in Q2 despite direct FX intervention from Japanese officials to strengthen the currency. At the start of Q3, upside risks appear for the yen as the threat of intervention builds

The negative knock-on effects from China's economic frailties are likely to be pushed Aside After Aussie inflation Demanded a hawkish Response from the Reserve Bank of Australia

Gold's trading range and silver's long-term uptrend offer differing outlooks for Q3 but the potential for both to consolidate and trade in a sideways manner remains constructive

Bitcoin's bullish momentum spluttered in Q2 as spot ETF buying was outpaced by cash sellers. However, Q3 could facilitate a bullish continuation on speculation of further institutional adoption

Narrowing price action and a real reluctance to breakout in Q2 sets the tone ahead of the third quarter. Brent crude and WTI levels to note

The outlook for US indices is still bullish, but headwinds like stubborn inflation data, inflation expectations, a less inclusive rally, and a seasonal consolidation limit the extent that indices are likely to rise in Q3

Pound Sterling to start Q3 on the backfoot after the Bank of England put the August Meeting on the Radar for a Potential Cut. GBP emanates vulnerability

US inflation cooled in Q2 as did economic growth, opening the door to a rate cut later this year. US yields have likely peaked, leaving the dollar vulnerable to a dovish repricing