Fundamental Analysis

These Moves in Asset Prices Should put Investors on Alert

Risk assets were sold off moderately on Tuesday while there was a solid interest in debt assets, which is evident from synchronous fall of yields on sovereign debt of developed countries. This...

EURUSD Slides on Third Wave Fears

Third Wave Fears Hurting Eurozone OutlookSentiment in the eurozone has turned firmly negative over recent days amidst the potential start of a COVID third wave there. With countries such as France,...

Japanese Stocks Plunge Further Despite BOJ Comments

Kuroda Backs Away From ETF Comments Bank of Japan Governor Haruhiko Kuroda told Japanese parliament last night that the BOJ would not be ending its ETF purchases given the current conditions. Coming...

Weaker Oil Should be a Positive Factor for Risk Assets as Cost-Push Inflation Expectations Ease

This week will likely become one of the heaviest in terms of Fedspeak this year. Powell spoke yesterday and his opening remarks before the main speech today made it clear that in the current recovery,...

Wild Moves In USDTRY Following Shock CBRT Replacement

Fourth CBRT Governor in Five Years It’s been a wild week for the Turkish Lira which surged lower by 15% yesterday before hitting buying interest into the lows and reversing 6% against the Dollar. The...

Oil is set to Remain Under Pressure as Near-term Supply & Demand Outlook Worsens

Oil prices recovered some losses from the last week, however considering the magnitude of the plunge, the rebound is likely technically-driven and should lose force soon. It is somewhat early to...

Precious Metals Monday 22-03-3021

Gold Gold prices continued to recover last week with the market extending gains back towards the 1750 region as the equities market reversed lower on fresh COVID fears. The risk adverse tone to...

Key Economic Events and Reports for the Week Ahead

On Monday, March 22, key data releases of the day will be interest rate decision of the PBOC and the report on existing home sales in the US. The Chinese regulator is closely monitoring bubbles in...

Russian CB Unexpected Lifts the key Rate. Should we Expect Prolonged Ruble Strengthening?

The Board of Directors of the Bank of Russia unexpectedly lifted interest rate by 0.25 pp to 4.5% for the first time since 2018.Most economists, according to Bloomberg consensus forecast, expected the...