• July CPI – the finishing touch to the defeat of the Dollar

    The monthly change in the CPI was 0.1% with a forecast of 0.2%, which completely drove the market sentiment into a general disheartening. There are also “clouds” gathering around the possible December increase.

  • Will the FED turn the attention back to itself?

    A two-day decline in the Gold prices may suggest that some bulls prefer to record profits before the American regulators meeting. Yet, most investors expect “peaceful” comments by Yellen.

  • Is Euro is setting a global trend?

    Yellen’s speech is likely going to pay attention to the inflation halt, external market risks, as well as the White House turmoil. This all calls the promised fiscal stimulus into question.

  • Are the EUR/USD corrections on their way?

    Today the report on PMI activity in Germany and the Eurozone turned out to be worse than expected. Coupled with the sluggish inflation dynamics in the Euro zone and a rather illogical rise after the ECB meeting, this all suggests that the European currency is overvalued and is waiting for corrections.

  • Scepticism is spreading on the Oil market

    The meeting of the Monitoring Committee will be held in St.Petersburg on Monday. Investors will carefully monitor possible Saudi Arabia’s announcements, which may have to reduce the supply by another 1 million barrels.

  • What state is the Oil market in?

    According to the forecast of EIA, shale production in August will increase by about 100K barrels. Comparing the production dynamics in the US and the OPEC countries with unlimited production, the latter significantly contribute to the glut of the market.

  • The markets seem to be cooling down

    The Risk attitude in the global market is very “friendly”, as VIX went below 10 points – a historical record of calm. Gold and the Japanese Yen are trading in the red zone despite the weakness of the US currency.

  • The European currency is on a hike

    Investors hurry to take a comfortable position about the Euro before the ECB makes a global turnaround in the monetary policy. On Wednesday, the common currency is going to test the level 1.14.

  • May’s powerlessness in the struggle for power is growing

    The pound is relatively stable despite the possibility of a governmental collapse. The leader of the Conservative party, Theresa May, is likely to step down if she is unable to conclude a coalition with the Democratic Unionist party.

  • Trump denies obstruction of justice in FBI probe

    The president of the United States Donald Trump denied obstructing justice in the investigation of Moscow’s meddling in the US presidential election in 2016. The wave of speculation was triggered by a tweet, according to which the president “had no idea” about the existence of conversation “tapes” with the former FBI chief James Comey, while […]

  • What to expect from the FED?

    If the FED does not raise the rates because of the rapid labor market strengthening then the Dollar will continue to decline. Yet, if there will be a report which shows low employment then the Dollar will receive a catalyst for growth.

  • Pessimism on the Oil market is growing

    Oil prices resumed their declines after a 5% drop on Wednesday, as the EIA reported an increase in the commercial inventories of the US. Meanwhile, the ECB keeps the rates unchanged.

  • More loans, less market confidence

    Moody’s Investors Service downgrades the credit rating of the Chinese economy. According to the agency, even with the implementation of structural reforms by the Chinese authorities, pursuing the official economic targets will inevitably inflate the public debt in the medium term.

  • Anxiety on the Oil market might underpin the expectations

    Markets are less likely to believe in Trump after the continued prolonging of the economic growth specifics. Oil investors were pricing in positive outcomes of the upcoming OPEC meeting in Vienna on May 25, where producers will decide whether to prolong output cuts or not.

  • Bears are relentless to weaken their grip on the USD

    The excitement in the markets is subsiding, as investors are still distrustful of the Dollar. Volatility is gradually declining in the markets but key uncertainties remain unresolved.