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Fundamental Analysis

Economic Surprises Drive EUR, GBP Gains

Asian markets retreated while European equities and US stock index futures failed to sustain recent rebound, turning red on Wednesday. Dollar index rebounded after a dip to the February low of 89.70...

Where Next For Copper?

Commodities Having a Ball The markets have been going through an interesting period over the last month or so as traders continue to grapple with rising inflation expectations. One moment, yields are...

GBPAUD Breaks Out As UK Inflation Doubles in April

Inflation Jumps in April The British Pound has been given yet a further boost today with the latest inflation data from the Office for National Statistics showing that consumer prices more than...

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...