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Fundamental Analysis

Short-term Correction Looms in EURUSD

The April Minutes of the Fed meeting became the highlight of economic calendar on Wednesday. There was some subtle shift in rhetoric towards early policy tightening that surprisingly had marginal...

The Crude Chronicles - Episode 90

Oil Traders Reduce LongsThe latest CFTC COT institutional positioning report shows that oil traders reduced their upside exposure last week by 3,452 contracts. With this modest reduction, crude upside...

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...