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Fundamental Analysis

June CPI Report Didn’t Impress Powell Leaving USD Without Support

Powell’s cautious comments yesterday curbed USD gains and should support currencies which offer high interest rates as their appeal also depends on how long the US interest rate will stay low. Growth...

BOC Cuts QE Further But Reduces Growth Forecasts

Rates On Hold, QE Cut FurtherThe July Bank of Canada meeting held yesterday saw the central bank striking an optimistic tone on the economy. In line with expectations, the BOC further reduced its...

The Crude Chronicles - Episode 98

Oil Traders Cut LongsThe latest CFTC COT institutional positioning report shows that oil traders trimmed their net long positions last week by a further 25,139 contracts, taking the total position...

High US Inflation Doesn’t Scare if we Look Under the Hood of the Report

June inflation report came as a surprise to investors, however, there seems to be no major shift in Fed expectations after the release. The intraday market reaction after the release of the report...

NZD Soars As RBNZ End QE

Hawkish RBNZThe New Zealand Dollar has been in strong demand across the European morning today with the antipodean currency leading the pack currently. The moves come in response to the July RBNZ...

Precious Metals Monday 12-07-2021

GoldFollowing the decline seen across June, gold price are attempting to recover so far this month with price making its way up off the sub 1763.88 lows to around the 1804 mark as of writing. The...

Dollar Rise may Continue This Week. What are the key Resistance Levels?

The Dollar index resumed rally on Monday amid signs of renewed distress in equity markets. Demand for Dollars could also start to pick up as investors price in potential bullish surprises in the June...

FOMO Friday: AUDJPY Breaks Down

Missed Opportunities In AUDJPYAs we wrap up another week, it’s time to take stock of the winners and losers (and I’m not talking about the Euros!). For some, this weekend will be one for celebrating...

ECB Ups Its Inflation Target Following Policy Review

ECB Policy Review ConcludedAs part of new ECB president Christina Lagarde’s first big moves as ECB chief, the former IMF-head ordered a review of the bank’s monetary policy. This is the first such...