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Fundamental Analysis

Trade Deal Optimism Fuels Upside in Equities, Justifies Extension of Bullish Momentum

US equities climbed to a new record high in a decisive move at Monday opening, breaking through 3400 level, sending relief waves to the markets which extended to the Tuesday session. Greenback managed...

Two Big Rules of the Bearish USD Trend

Fatigue is growing in the upward trend of EURUSD, which became rather apparent on Friday, when the release of PMI data provoked sustained sell-off in the pair. The index of activity in the EU...

Key economic events and reports for the week ahead

Tuesday, August 25, 2020 - German GDP (QoQ) (Q2)(EUR), German Ifo Business Climate Index (Aug)(EUR), New Home Sales (Jul)(USD).Wednesday, August 26, 2020 - Core Durable Goods Orders (MoM) (Jul)(USD),...

OPEC Demands Oil Producers to cut Production to Meet the Supply Plan

Oil prices rose on Friday and may record a weekly gain for the third week in a row amid efforts by leading producers to limit production amid concerns about the pace of economic recovery. Both...

EURGBP Falls As Eurozone PMIs Fall & UK PMIs Rise

Eurozone PMIs UnderperformThe latest economic data for the Eurozone has raised serious concerns over the health of the recovery in the single customs union. Both manufacturing and services PMIS in the...

EURUSD: Weak August PMIs Increase Chances of a Sell-off

Minutes of the ECB July meeting, released on Thursday, showed that the central bank has little understanding of what lies ahead for the European economy. The word uncertainty (i.e. unquantifiable...

Fed’s “Revision of monetary policy strategy” - what is this?

The biggest piece of market moving data released on Wednesday was the Minutes of the July Fed meeting, which included some surprising points. For example, committee members were concerned about the...

The Crude Chronicles - Episode 52

Oil Longs ReducedThe CFTC COT institutional positioning report shows that WTI traders paired some of their long positions last week. Oil traders reduced their net long exposure by 15,331 contracts...

Fears As Trump Cancels China Trade Deal Review

Trade Talks CancelledFears over the health of the US/China trade negotiations have resurfaced this week. Negotiating teams from the two nations were scheduled to meet this week for a six-month review...