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Fundamental Analysis

Precious Metals Monday 21-03-2022

Metals Weaken As Risk Sentiment ReboundsMetals prices have been seen lightly bid at the start of the week, though still down sharply off recent highs. Gold prices are currently down around 7.2% from...

Cautious BoE hike disappoints GBP buyers, exposes cable to further weakness

The Bank of England raised rates by 25 bp up to 0.75%, broadly in line with market consensus. Eight members out of nine voted in favor of the hike, one voted to leave the rate unchanged. Compared to...

FOMO Friday: NZDJPY Soars Over 3%

Kiwi Catches AirThe weather here in London has been heating up this week, finally, and it seems so too has market action. We’ve seen a further slew of interesting developments this week in terms of...

Fed Pledges to Keep Hiking Rates While Long-Term Treasuries Signal Recession Risks

The Fed raised interest rate by 25 bp, but made it clear that the policymakers are not going to stop and will deliver additional six more rate hikes this year. In addition, the Fed raised the level of...

The Crude Chronicles - Episode 128

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...