Global financial markets ended 2025 with an outcome that seemed counterintuitive at first glance. Risk assets across equities, credit, and selected commodities managed to finish
Global markets have long treated Middle East risk as episodic. Tensions flare, prices react briefly, and then risk premiums fade as attention shifts elsewhere. By
China’s role in global commodity markets remains as influential as ever, but the signals coming from prices at the end of 2025 are more nuanced
Global trade activity in 2025 looked stronger on the surface than underlying growth trends suggested. Shipping volumes, export data, and customs activity showed bursts of
Global economic growth is ending 2025 in a far more resilient position than many feared at the beginning of the year. While momentum has clearly
The Canadian Dollar traded in narrow ranges against the US Dollar on Monday, starting the final trading week of 2025 with little direction as year-end
AUD/USD lost steam at the start of the final trading week of 2025, slipping back below the 0.6700 level as thin holiday liquidity slowed market
USD/JPY Stalls as Yen Intervention Risk Caps Upside USD/JPY eased back toward the 156.00 level at the start of the final trading week of the
The structure of global dollar markets is evolving as settlement technology adapts to modern trade and capital flows. While the US dollar remains the dominant
As the calendar approaches year end, global financial markets enter a very different operating environment. Trading desks thin out, risk limits tighten, and liquidity drops
