• EURUSD: Next Stop at 1.15?

    EURUSD Analysis. This week focus in the US earnings season shifts from banks to the tech sector, but stock markets remains relatively resilient to headwinds of various intensity, whether it be the smoldering US-Sino conflict or far more serious accelerating daily gain in Covid-19 cases. Nonetheless, market sentiment and demand for USD are sensitive to […]

  • Is the EURUSD Poised to Gain More?

    The dollar finally went into defense on Wednesday, the USD index broke through 96 points, the lowest since the start of June. Breaking down the index into components, it can be seen that the move was driven predominantly by strengthening of euro: In the trade-weighted USD index euro has the biggest weight which also contributed […]

  • Developing Trading Setup Before July ECB Meeting

    The final amount of economic damage from Covid-19 will be probably known in the second quarter of 2020. I think it is necessary condition for the ECB to start to act. For now, wait-and-see stance is more appropriate for the ECB as two key tasks have been solved – the Central Bank stabilized financial markets […]

  • Gold’s Renewed Momentum Hints Markets are Worried about US Inflation

    Gold’s renewed momentum was one of the most notable market events this week, sending price to a new 2020 high: It looks like bulls and bears argued for two months about the direction as the price stalled in the range between key levels of $1680 – $1745. Finally, sellers capitulated. Last month, around May 18, […]

  • OPEC+ June Meeting: Level of Compliance, Demand Recovery Hint about Dovish Decision

    Oil prices advanced by more than 2% on Tuesday on expectations that the June OPEC+ talks would have a positive outcome for the market.

  • Key economic events and reports of the upcoming week

    Monday, April 1, 2019 – Caixin Manufacturing PMI (Mar)(CNY), German Manufacturing PMI (Mar)(EUR), Manufacturing PMI (Mar)(GBP), CPI (YoY) (Mar)(EUR), Core Retail Sales (MoM) (Feb)(USD), ISM Manufacturing PMI (Mar)(USD).

  • Fed’s hawkish policy keeps the Dollar fit

    Fed’s eight rate hike had probably been anticipated since the start of policy tightening in 2015 and Powell did not disappoint investors this time. However, the Fed’s statement and Powell’s remarks were in contradiction with each other, which led to a racy price action of the FX market and bonds.

  • BoJ decision and export data curb Yen depreciation

    The Bank of Japan left the parameters of the monetary policy unchanged today, which is not surprising, given the lack of any decent inflation prospects. A little surprise was buried in the regulator’s statement, as the bank kept the wording about moderate GDP growth, which, coupled with the growth in export activity (data from Tuesday), revived trade in the yen and Japanese bonds.

  • EUR/USD: Going Up or Down?

    We discuss the reasons behind the sing currency’s likelihood of heading up. We also review the current state of British currency and Russian ruble.

  • The tariff war game is strong

    Chinese authorities reacted immediately after US’ tariff threats warning that Beijing will be taking retaliatory measures against imposed tariffs. The exchange of threats between the two largest economies is yet to stir uncontrollable panic, but it is likely that this calmness will only last until the first issues in the macroeconomic data

  • Gold plunges after a day of rallying

    Gold plunges after a day of rallying as the market sentiments are in a heavy dissent, Pound soars on Supreme Court decision and BoE.