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Fundamental Analysis

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...

It is too Early to Talk about the Dollar Defeat

Investors dumped dollar on Thursday after an unexpected dovish surprise in US inflation and against the backdrop of the easing of covid restrictions in China. Today, the greenback slide continued....

Two key catalysts of near-term oil price rally

Brent futures rose by more than 2.5% on Friday after China announced the easing of its COVID Zero strategy. Such a move by the world’s largest oil importer could lead to increased local and...

FOMO Fridays: DAX Breaks Out

US CPI Shock Ignites Equities As we round out another week in financial markets we’re certainly not short of interesting price moves to comment on. This week has seen a slew of key trading...

Surprising Slowdown in US Inflation Raises Big Question about Dollar Medium-Term Upside

US October CPI report showed that inflation slowed faster than expected, a welcome development for the White House and the Fed, after months of limited policy impact on consumer price...

The Crude Chronicles - Episode 161

Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions last week from 249k to 254k contracts. Despite the increase,...