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Fundamental Analysis

Precious Metals Monday 06-02-2023

Metals Reverse Sharply Following NFP SurpriseIn my end of week piece written on Friday morning I noted that while we’d seen plenty of volatility, there might still be further fireworks to come with...

Dollar Major Recovery Becomes a Real Risk After a Surprisingly Strong US Payrolls Report

US equities posted a good performance on Thursday, with the SPX almost testing 4200 points and NASDAQ jumping 3.56%, very close to 13000 points, the highest level since the end of August. The FOMC...

FOMO Friday: World Stocks Rally Following Central Bank Updates

MSCI Makes New GroundIt’s been a busy week for markets across the board this with plenty of volatility to enjoy and with the NFP still to come, there might still be more volatility yet. With plenty of...

The Crude Chronicles - Episode 171

Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure was increased for the...

Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting

The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell...

Persistent EU Inflation Boosts Odds of a Moderately Hawkish ECB on Thursday

The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data - all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce...

Oil Majors: Pause or Beginning Of The End?

Oil Majors See Record Profits in 2022The explosion in profits for energy companies over 2022 was one of the key headlines in the equities space. In 2022 overall, leading US energy companies Exxon and...

As EURUSD retests 1.08 it may be primed for a new leg of the rally

The batch of EU economic data released on Tuesday curbed the bearish momentum in the Euro that we saw for the Euro in the first half of the day. EURUSD fell to 1.08, but started to recover following...

EURUSD consolidates ahead of the FOMC meeting

The dollar index started the week on a rather pessimistic note, trading below 102 points, suggesting that the market is setting low expectations for a hawkish Fed outcome on Wednesday. A moderate...