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Fundamental Analysis

EIA Data was a Surprise for the Market, Casting Doubts on US Demand Strength

Oilprices came under pressure on Wednesday; WTI struggled to stay above the $70mark. The catalyst for the decline was bearish EIA report on commercial oil andrefined products inventories in the United...

To Taper or To Not Taper Early? US May Inflation Report Should Help the Fed Make Up its Mind

Oil prices rose on Tuesday continuing to develop modest upside momentum on Wednesday. WTI has broken the $70 per barrel mark for the first time since October 2018. The API data indicated a 2.11...

GBP Higher on Hawkish BOE Comments

GBP has seen a fresh wave of buying across the European morning on Wednesday in response to comments made yesterday by the Bank of England’s chief economist Andy Haldane. Speaking with a London radio...

Bank of Canada Preview

BOC to Stay on HoldThe June Bank of Canada meeting today is the key data focus for currency markets. The BOC was the first of the G7 central banks to take a hawkish shift when it announced a tapering...

Only Strong US Inflation in May can Save the USD

The dollar holds its ground on Tuesday counting on a strong positive surprise in the US May inflation report. The release is due on Thursday. Yellen's comments that high interest rates will be a plus...

US Inflation Report may Cause a Major Move in USD. Here is Why.

Last week, the struggle between USD bulls and bears was unusually evident: the dollar index jumped from 90 to 90.50 points following release of the ADP labor market report, however bullish bets were...

Precious Metals Monday 07-06-2021

Gold Gold prices have started the week on a softer footing following the volatility last week. The rally in the safe haven asset was put to an end on Thursday by a stronger-than-expected ADP...

The Crude Chronicles - Episode 92

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that crude traders reduced their net long positions by a further 0.5k contracts last week. This latest reduction takes...

FOMO Friday: Crude Jumps 5%

Oil Breaks OutAs we close out another week it’s time once again to reflect on performance. Chatting with other traders this week it’s been interesting to hear the different positions people have been...