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Fundamental Analysis

Dollar Consolidates After a Pullback, Traders Eye US CPI Report

High inflation and central banks’ reaction function to it continue to remain the major trading themes this week. On Wednesday, bond and FX USD markets will zero in on October US CPI report, where an...

Why Is USD Lower After A Stronger October NFP?

The US Dollar has started the week on a softer footing against a broad basket of its main trading partners. While the greenback is currently holding just below the year’s highs, the question is: on...

Precious Metals Monday 08-11-2021

GoldThe yellow metal has commenced the new week on a slightly softer footing, seeing some selling across the European open, on the back of solid gains on Friday. The rally in gold came despite a...

Key Economic Events and Reports of the Week Ahead

The October NFP report came roughly in line with expectations. Wage growth, as the data showed, came in line with forecasts, consequently there was no space for the markets to speculate about...

OPEC+ is in no Hurry to Boost Output

The OPEC+ alliance decided to boost output by previously agreed 400K bpd despite calls from the United States to ramp up production faster in order to limit upward pressure in energy prices.OPEC+...

The Dollar Will Likely Extend Gains Next Week. Here is Why.

The unexpected decision of the Bank of England to go against the market consensus and leave interested rate unchanged not only led to Pound collapse, but has also undermined the belief of market...

Inflation Risks May Force the Fed to be More Aggressive in Policy Tightening

The Dollar trades near the opening on Wednesday ahead of the Fed meeting. The US central bank is widely expected to announce the start of pandemic-era QE tapering. However, the pace of tapering is...

Dollar Takes Respite Before the Fed

The RBA announced that it abandons yield curve control atthe meeting on Tuesday in light of significant inflation improvements. The newshowever failed to bolster hawkish AUD bets, as at the same time...

USD may Extend the Rally on the FOMC Hawkish Surprise

The dollar rose sharply on Friday, breaking through a corrective channel and bouncing off a key bullish support line (scenario discussed on Friday):One of the key drivers of the rally was the US...