Fundamental Analysis

What is the relationship between gold and interest rates? Should we expect the development of correction?

Three meetings of central banks — the Fed, the Bank of Japan, and the Bank of England — will take place this week, and the first remarkable reaction in the market was a brisk liquidation of gold...

Cooperation vs. Competition: OPEC favours the former

OPEC and other oil exporting nations, including Russia, are in the final stage of negotiating an agreement, which may be signed in early July, aimed at cooperation in the oil production domain,...

Key economic events and reports of the upcoming week

Monday, June 17, 2019 - Inflation Report Hearings (GBP).Tuesday, June 18, 2019 - RBA Meeting Minutes (AUD), German ZEW Economic Sentiment (Jun)(EUR), CPI (YoY) (May)(EUR), Building Permits...

Chinese data keeps disappointing suggesting more stimulus measures are ahead

Seeing downside surprises in the Chinese economic data is gradually becoming a habit. The growth rate of industrial output slowed to a 17-year low in May while decline in investment in fixed assets...

Ailing manufacturing and services sector prompt Chinese authorities to ramp up credit easing

US commercial oil inventories have been almost uninterruptedly growing from mid-March since the prices above profitability threshold permitted producers to step up production efforts. OPEC statements...

Goldman Sachs and Deutsche bank warn investors about a pipe-dream

Goldman Sachs has recently been a token of vocal opposition to market consensus regarding the path of the Fed interest rate. In the context of capital flows into defensive assets in the last week of...

Powell’s “act as appropriate” wording sends stock higher and dollar plunging, as trade risks intensify

China’s confidence in the need of a fresh round of credit stimulus could strengthen, as shown by the services PMI report from local agency, Caixin. The agency’s formula for the activity index gives...

Are there any ways for China to avoid tariffs?

One of Trump’s more-welcome results from the tariffs on Chinese goods was a reduction of the trade deficit with China. Last year, trade data posted ambiguous results, where, despite the introduction...

JP Morgan suggests 60% chance of recession by 2020

The trade war led to an impressive reversal in the scenarios of development of global economy, periodically released by large banks. In its latest release, JP Morgan warns clients about possible two...