Recent content by Z Forex

Earnings Are Leading Global equities are getting a stronger push from corporate profits than headline valuations might suggest. Despite persistent concerns around interest rates, economic uncertainty, and expensive stocks, earnings growth continues to strengthen beneath the surface. MSCI...

Big Tech Turns to Debt for AI Expansion Big Tech’s AI expansion is becoming much more expensive, and debt is starting to play a bigger role. Amazon, Meta, Microsoft, Alphabet, Oracle, and other hyperscalers are spending on data centers, chips, and computing capacity, making it harder to rely...

Precious Metals Advance as FX Tracks Hormuz (08.11.2026) Gold climbed above $4,400, reaching a two-month high as Chinese demand strengthened. Gold-backed ETFs recorded their longest inflow streak in months, while the PBOC added around 20 tons to reserves in July, its largest monthly purchase...

Precious Metals Advance as FX Tracks Hormuz (08.11.2026) Gold climbed above $4,400, reaching a two-month high as Chinese demand strengthened. Gold-backed ETFs recorded their longest inflow streak in months, while the PBOC added around 20 tons to reserves in July, its largest monthly purchase...

Market updates S&P 500 Approaches a Key Technical Test The S&P 500 is nearing a major resistance zone between 7,800 and 8,050, where the Fibonacci extension, the upper boundary of the long-term rising channel, and a key psychological level converge. As long as the index holds above the...

Weak Jobs Data Supports Metals and Currencies (08.10.2026) US stock futures edged lower as higher oil prices revived inflation concerns. After July payrolls unexpectedly fell 23,000, September Fed hike odds dropped to 44% from 67%. Focus now shifts to US inflation data and earnings from Applied...

Weak Jobs Data Hits Dollar as Hormuz Risks Persist (10 – 14 August) Global markets entered the week as investors reassessed the Federal Reserve's outlook after a surprisingly weak US employment report signaled further deterioration in labor market conditions. The Dollar Index fell toward a...

Weak Jobs Data Supports Metals and Currencies (08.10.2026) US stock futures edged lower as higher oil prices revived inflation concerns. After July payrolls unexpectedly fell 23,000, September Fed hike odds dropped to 44% from 67%. Focus now shifts to US inflation data and earnings from Applied...

Markets Balance Risk Appetite (08.05.2026) The US 10-year Treasury yield fell to around 4.6%, marking a third straight decline. Reports of a possible US-Iran agreement pushed oil lower, reducing September Fed hike odds to 57% from 67%. Markets now await the ADP employment report. The Dollar...

All Eyes Turn to U.S. Payrolls (04.08.2026) A coalition of US states sued over President Trump's new global tariffs, joining small businesses in arguing the 10–12.5% duties on 60 economies are unlawful under Section 301. The case adds another layer of uncertainty as the US tariff framework...

Japanese Yen Strengthens After Overnight Intervention The Japanese yen strengthened sharply following an overnight currency intervention, pushing USD/JPY down toward 156.40. The move renewed concerns over carry trade unwinding and increased volatility across Asian markets. From a technical...

Central Bank Gold Buying Picks Up Again Central bank demand for gold rebounded strongly in the second quarter. Global net purchases reached around 289 tonnes in Q2, taking the first-half total to 345 tonnes. Poland led the buying with 51 tonnes, lifting its reserves to a record 632 tonnes...

Diplomacy Lifts Markets (08.03.2026) US stock futures edged higher as attention shifted to another busy earnings week featuring Berkshire Hathaway, Eli Lilly, Caterpillar, McDonald's, Disney, Palantir, AMD, and SpaceX. Focus also turns to Friday's jobs report, while oil slipped after President...

Fed and Iran Talks Drive Markets (3–7 August) Global markets entered August with investors reassessing the Federal Reserve’s policy outlook while renewed diplomatic efforts between the United States and Iran triggered sharp moves in oil and precious metals. The dollar recovered to around 100.3...

Diplomacy Lifts Markets (08.03.2026) US stock futures edged higher as attention shifted to another busy earnings week featuring Berkshire Hathaway, Eli Lilly, Caterpillar, McDonald's, Disney, Palantir, AMD, and SpaceX. Focus also turns to Friday's jobs report, while oil slipped after President...