• The Australian dollar gains as RBA holds interest rates unchanged

    The Reserve Bank of Australia left interest rates unchanged at a record low 1.5% on Tuesday, stressing the potential impact of a stronger Australian dollar on the interest rates policy, while data showed that economic growth in the eurozone continued to expand in Q2.

  • Oil extended last week’s rally: dollar on the back foot

    Oil priced advanced on Saudi Arabia’s promise to trim production by 1M barrels, with investors flirting with $50 a barrel again. The greenback remained vulnerable on data showing that while the economic growth picked up in the second quarter, wage growth and inflation remained sluggish.

  • Key economic events of the week

    Monday, July 31st, 2017 – CPI (YoY) (Jul) (EUR), Pending Home Sales (MoM) (Jun)(USD), Caixin Manufacturing PMI (Jul)(CNY). Tuesday, August 1st, 2017 – RBA Interest Rate Decision (Aug), German Manufacturing PMI (Jul), Manufacturing PMI (Jul), ISM Manufacturing PMI (Jul) (USD), Employment Change (QoQ) (Q2) (AUD). Wednesday, August 2nd, 2017 – Construction PMI (Jul)(GBP), ADP Nonfarm Employment Change (Jul)(USD), Crude Oil Inventories(USD). Thursday, August 3rd, 2017 – Services PMI (Jul)(GBP), BoE […]

  • Oil hovers around 8-week highs

    Oil surged to an eight-week high, as the continuing decline in US oil reserves raised optimism about the oil market outlook. Prices rose after Wednesday’s report showing a fourth consecutive week of declines in US oil inventories. US crude oil inventories decreased by 7.2 million barrels last week to a total of 483.4 million barrels, […]

  • Sterling confused ahead of the BoE’s August policy meeting

    The British pound remained on the defensive, anticipating positive rhetoric from Mark Carney at a propensity for savings meeting of the Bank of England on August 3rd. Fears of unrestrained growth in inflation due to the pound’s devaluation were refuted, after data on June’s consumer prices showed the first slowdown in a few months. Inflation […]

  • No more rate hikes this year?

    The current rise in Gold prices suggests that participants are less likely to believe in a third rate hike this year. In the light of this information postponing the rise to the next year is undoubtedly a bearish signal for the Dollar.

  • 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.

  • Key economic events of the upcoming week

    Keep an eye on the important developments that will happen on the market next week.

  • 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.

  • Gold takes a step forward

    The Dollar is falling, as Mario Draghi is giving a hawkish market rhetoric, even though ECB is playing their cards close to their chest.

  • Japan leaves the cash pipe open

    The European Central Bank left key points of their policy unchanged. Investors are waiting for Mario Draghi to answer an exciting question: Is ECB taking account that the European economy is ready for a tightening?

  • 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.

  • How much has inflation hit the UK household spending?

    The Pound is declining as the probability of a rate hike is decreasing, after a weaker than expected rise in inflation. The key indicator has decreased to 2.6% with a forecast of 2.9%.