Oil Traders Slash LongsThe latest COT institutional positioning report from the CFTC shows that, despite the rally into last week’s highs, oil traders were dramatically reducing longs. The net long...
EURUSD Forms a Triangle Pattern and Downside Breakout is Likely
Markets are expecting a 25bp rate hike from the Fed today and indications in Dot Plot for an additional rate increase of 90-100 bp this year. Forecasts of a higher terminal rate this year should be a...
GBP Higher As Unemployment Hit Pre-Pandemic Levels
Unemployment Falls AgainThe British Pound is trading higher today on the back of a solid set of labour market indicators yesterday. The headline unemployment rate was seen falling back to 3.9%, its...
Greenback Unwinds Safe-Haven Premium, China Covid Efforts in Focus
Economic news from China today beat expectations in a positive way. Especially surprising was the growth of retail sales as the market set quite low expectations on the figure. Restrictions on...
USD Poised to Renew Highs on China Covid issues, FOMC Expectations
The dollar has got another growth driver. The PBOC unexpectedly lowered reference rate of CNY/USD which, may indicate its willingness to weaken the yuan against US currency. This is usually seen as...
Precious Metals Monday 14-03-2022
Metals Market Corrects As Risk Sentiment ImprovesThe metals market has started the week on softer footing as risk sentiment rebounds amidst very cautious optimism over a potential truce between...
Preserving cash becomes a top priority for US oil firms, says Occidential Petroleum Corp. CEO
US companies don’t have capacity to quickly restore oil output to pre-pandemic levels despite lucrative market prices which are at their highest levels since 2008, said the CEO of US oil company...
Asymmetry of stagflation risks in EU and US remains key bearish factor for EURUSD
The ECB held a monetary policy meeting on Thursday and sort of announced a reduction in stimulus. However, given recent geopolitical events, markets were clearly hoping for more. EURUSD rallied...
FOMO Friday: Oil Suddenly Drops 20%
Oil PlungesAnother week comes to a close in financial markets and it’s been another week of hoping the violence in Ukraine comes to an end. While, sadly, that doesn’t seem to be the case for now, we...
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