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Fundamental Analysis

Fed, ECB Officials Hint that more Tightening is in the Cards to Combat Sticky Inflation

ECB president Christine Lagarde said on Friday that the ECB should continue to raise borrowing costs to limit the expansion of the European economy. According to Lagarde, this is the only way to bring...

FOMO Fridays: Crude Crumbles 10%

Oil Under Pressure In many respects, it’s been a much quieter week for financial markets. While we’ve seen some key developments by way of Fed commentary, the UK budget and various headlines from the...

As Market Dials Back Fed Pivot Expectations, Greenback has some Room to Rally

After shedding 4% last week, greenback was offered support near the 106 level on DXY in the first half of this week and eventually rallied on Thursday:The rally was likely driven by US October retail...

The Crude Chronicles - Episode 162

Oil Traders Increase Longs The latest CFTC COT institutional positioning data shows that oil traders increased their net long positions last week, taking the total upside position to 274k contracts...

BOE Under Pressure As UK Inflation Hits 11.1%

UK CPI Soars AgainThe latest UK economic data today makes for troubling reading. CPI was seen spiking higher to 11.1% in October, well above the 10.7% the market was looking for. Marking a full 1%...

Strong US Retail Sales Report Fuels Risk Appetite

The October US retail sales report beat expectations, monthly growth in nominal terms amounted to 1.3% against 1% forecast. Excluding volatile components (fuel, cars), growth amounted to 0.9% against...

USD Correction may Have Legs as Economic Calendar is Light this Week

The euro and pound sterling pare down the intraday decline that took place during the Asian session as risk appetite remains high while the dollar repositioning continues. EURUSD consolidates around...

Another dovish surprise in US PPI boosts stocks and bonds, pressures USD

Citing significant economic uncertainty in the coming months, OPEC has lowered its oil consumption growth forecast for the 5th consecutive time since April. The adjustment was -100K b/d for 2022 and...

Precious Metals Monday 14-11-2022

Metals Rally As USD DropsLast week was an important week for the metals market with both gold and silver seeing strong gains amidst the deepening USD correction we saw. Gold prices are now sitting...