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Fundamental Analysis

USD: Extreme Shorts are not the Reason for U-turn

The main trading theme in the FX market on Tuesday became the wake-up of dormant USD sell-off, which was a foreseeable development due to the presence of medium to long-term bearish USD macro factors....

AUDUSD Supported As RBA Strikes Optimistic Tone

The Australian Dollar has remained well bid this week in response to the RBA meeting minutes, released overnight, which saw the bank striking a broadly optimistic tone. The RBA noted that its...

Positive Eco Data Extends State of Suspense

It’s a relatively calm Monday for the FX market. Yield on 10-year T-Note which caught the markets’ attention last week saw reduced pressure on Monday, trimming gains. Treasuries were under great...

Signs of Slowing Industrial Momentum in China Cool Market Optimism

China’s economic recovery after the COVID-19 epidemic slowed down in July. Industrial production rose 4.8% YoY according to the data from National Bureau of Statistics released on Friday....

Key economic events and reports for the week ahead

Monday, August 17, 2020 - GDP (QoQ) (Q2)(JPY).Tuesday, August 18, 2020 - RBA Meeting Minutes (AUD), Building Permits (Jul)(USD).Wednesday, August 19, 2020 - CPI (YoY) (Jul)(EUR), Crude Oil...

US Retail Sales and U. Michigan Consumer Data may Drive USD lower

Commodity markets started Friday on a weaker footing. There is a noticeable tilt to the downside in silver as high volatility should persist after falling almost 16% on Tuesday. Gold...

RBA's Lowe Cites Victoria Lockdown Risks

Victoria Lockdown Creating IssuesDuring comments made overnight, RBA governor Lowe poured cold water on the idea of a swift Australian economic recovery. Despite Australia having strong initial...

Quick Reminder from the Fed that it is not Done with Stimulus

S&P 500 braces for renewing all-time peak deliberately ignoring three major factors of risk: uncertainty over fiscal deal in the US, Covid-19 data and US-China tensions.The growth of US equities...

Gold: All Signs of a Profit-booking Move

Since mid-July, bullish bets on Gold started to resemble mania or hasty shift to safe haven in anticipation of some disaster. The rally seemed well-founded, but more recently, an irrational buying...