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Fundamental Analysis

Strong EU Data Props up Euro, Pound Neglects Rising Odds of No-deal Brexit

The dollar remains under pressure ahead of the Fed meeting, while it seems that risky assets are getting rid of fears of extension of the bearish pullback. As for the outcome of the meeting, a...

“Ultra-dovish” Fed Bias may Eventually Hide some Bullish Surprise for USD

The biggest event of this week is undoubtedly September Fed decision and mostly importantly Fedspeak. It is expected that the Fed leaves policy settings unchanged. The fact of transition to the new...

Precious Metals Monday 14-09-2020

GoldGold prices continue to hold within the recent range which has formed following the correction from the 2076.12 highs. The recent pause in the US Dollar sell off has seen gold losing upside...

The Friday Forex Takeaway - Episode 51

Key Points from This WeekBOC Praise Domestic RecoveryAt the Bank of Canada’s September rates meeting held this week, the BOC opted to keep rates on hold, in line with expectations. However, the tone...

Stalemate in Fiscal Talks, Growing Slack in eco Data put a dent in Equities Rally

US equities were unable to develop positive start of Thursday session and bulls ceded ground to sellers later. There may be growing conviction in the market that US lawmakers (both the Fed and...

BOC Says Recovery Beating Expectations

The September Bank of Canada meeting, held yesterday, passed as expected, with the BOC holding rates unchanged. BOC governor Tiff Macklem reaffirmed the bank’s commitment to keeping rates at current...

Bears in SPX Still Struggle to Make Downside a Base Case

US stock futures declined on Wednesday, followed by European indices, promising a tough day for those who are betting on extension of Wednesday bounce. S&P 500 futures slipped below 3400 points,...

The Crude Chronicles - Episode 55

WTI Traders Reduce Longs AgainThe latest CFTC COT institutional positioning report shows that WTI traders reduced their net long positions in crude last week by a further 9,784 contracts, taking the...

ECB Meeting Preview: It will be Hard to Stop the Euro

The ECB should need to say something extraordinary to stop the Euro rally. Verbal intervention looks like the only option it’s not the time to change something in the policy. It is still too early to...