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Fundamental Analysis

Oil’s Retest of key Resistance Levels Leaves USD in a Vulnerable Position

The rally in Asian equity markets, positive news flow regarding the virus as well as oil move towards key levels, sparking momentum in the rest of commodity complex, put USD under great pressure on...

GBP Soars As Unemployment Falls Further

UK Unemployment Drops AgainThe latest data from the UK today has helped lift the British Pound further as optimism continues to support GBP. The Office for National Statistics reported that the UK...

Commodity Market Rally Hits Pause Putting Commdollars Under Pressure

Risk assets and oil remain under pressure on Monday while gold and other safe heavens are marginally higher. Among numerous market developments we would note stabilization of commodity prices after...

Precious Metals Monday 17-05-2021

Gold Gold prices are continuing their recent rally this week with the safe haven asset still attracting a strong bid. The continued weakness in the US Dollar is the main driver behind the move. Last...

Key Economic Events and Reports of the Week Ahead

The key report for the markets on Monday will be the volume of industrial production in China. Growth is expected at 9.8% y/y, a positive surprise will likely boost demand for risk as it will indicate...

Reuters Poll: “Patient” Fed will Tolerate no more than 3 Months of High Inflation

The Federal Reserve will start to worry if core PCE, which reflects growth of personal consumption in the United States, excluding energy and food, reaches 2.8%, according to the Reuters poll.At the...

USD Looks for April US Retail Sales Rebound to Resume Downtrend

The dollar ceded ground on Friday, as one of the main drivers of the recent strengthening - the correction in the US equities, gained momentum. Recall that the US equity market returns have...

AUDCNH Sinks As Aussie/China Tensions Flare Up

China Takes Aim At Australian Budget Tensions between China and Australia have deteriorated yet again this week with China threatening to apply more economic sanctions against Australia over the...

FOMO Friday: GBPNZD Breakout Trade

GBPNZD Sees Lift-Off Another week draws to a close and It’s been a pretty interesting week across the markets. We’ve seen big moves in equities, some key shifts in FX and whether you are a fan or not,...