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Fundamental Analysis

Oil Breakout Sets the Stage for the Rally Towards the $75 mark

Forex trading was calm and uninteresting on Monday as UK and US markets were closed due to holidays. On Tuesday, we saw a weak attempt by the greenback to recover after the currency tumbled against...

Dollar Outlook for the Week: More Sales Ahead of the NFP

On Monday, the dollar index struggles to maintain support at 90 points. The attempt to go up on the inflation report failed miserably on Friday:Annual inflation in the US in April was the highest in...

Key Economic Events and Reports for the Week Ahead

The Federal Reserve’s key inflation measure, Core PCE, surged to 3.1% in April, raising concerns in the foreign exchange and equity markets. The dollar index rose briefly to the level of 90.40 on...

BofA: Demand for Safe Heavens Grows as Inflation Fears Persist

Investors boosted exposure to safe heaven assets in the week ended on Wednesday, including cash and gold funds, showed BofA flow data on Friday. The move could indicate growing concerns about early...

USD Tactical Retreat is Probably Over. What to expect on the next week?

No sooner had the US economy felt the effect of the two rounds of powerful fiscal spending, it’s already being prepared for a new dose of steroids. However, this time, the government support could...

GBP Higher Following Hawkish BOE Comments

GBP Back in Demand It’s been a noteworthy period of late for GBP, the UK currency has been in fimr favour over the last two months as the government’s reopening has ticked along nicely and the...

FOMO Friday: NZDJPY Breaks Out

NZDJPY Looks Upward Another week comes to an end and it’s been a much quieter week in all. However, despite the lack of volatility, especially when compared with the moves seen over recent weeks,...

Dollar Rebound will Likely to be Short-lived. Here is why.

The dollar index has crept above 90 level after the failed bearish retest of support at 89.65 which we discussed yesterday. However, it will be tough to extend the move as the Fed is probably months...

ECB Try Talking Down The Euro

The Euro has come back under selling pressure over the last 24 hours in response to dovish comments from ECB’s Fabio Panetta yesterday. Panetta pushed back against the idea that the ECB should be...