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Fundamental Analysis

Is gold primed for a rally on expectations of central banks easing cycle in 2023?

Major European currencies ceded ground to dollar on Tuesday, EURUSD broke down 1.06 and GBPUSD 1.20 level. The start of European session saw major sell-off both in EUR and GBP:Positive December price...

The Risk of more Downside in USDJPY Remains High on Implications of BOJ Major Policy Shift

FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of Japan delivered a crushing blow to JGB...

BoJ shocks markets with decision to loosen control over JGB yields

The Bank of Japan announced an unexpected change to its bond yield targeting policy and will now allow 10-year JGB yields to rise to 0.50%. Although Central Bank Governor Kuroda has warned...

Technical Picture Suggests a Breakout in EURUSD with 1.05 in Sight

FX volatility decreased on the eve of the New Year as financial markets digested the main fundamental events (reports on inflation and US labor market, meetings of central banks). The data calendar...

Precious Metals Monday 19-12-2022

Gold and Silver Rebound Off LowsThe metals market is starting the week on a better footing with both gold and silver seeing decent demand across the European open on Monday. Both metals has been under...

UK economy recession risks on the rise as S&P Global indicates decline in activity

The UK economy is likely to contract again in December as expansion in services sector cannot fully offset the decline in manufacturing.The S&P Global Composite Purchasing Managers Index edged up...

Dollar chances for rebound grow as slowdown risks increase on hawkish central bank messages

The dollar bounced back yesterday and showed decent gain against commodity currencies, which correlate with demand for risk. This comes after the ECB issued a very aggressive statement yesterday. The...

EU yield outlook improves on hawkish ECB, the odds of Fed Pivot grow on dovish retail sales surprise

The key question ahead of today’s ECB policy meeting was whether the bank would opt for a large rate hike with a dovish statement or deliver modest tightening policies while retaining a hawkish...

FOMO Friday: Nasdaq Plunges on Market Woes

Nasdaq - Naughty or Nice?It’s been a pivotal week for financial markets. For many, the last full week of trading before the Christmas break. The three headline central bank meetings on deck this week...