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Fundamental Analysis

Oil Surges As Saudi Arabia & Russia Extend Production Cuts

Oil Cuts ExtendedCrude prices broke out to yet further new highs for the year yesterday. The move was driven by news that Saudi Arabia and Russia have extended their additional production cuts through...

Dollar Faces Resistance Amid Oil Price Swings

The rapid bullish advance of the greenback in the past few days has encountered some selling pressure near the 105 level on the US Dollar Index (DXY). Today, the index is treading water amid a...

CAD Plunging Ahead of BOC

BOC on WatchThe Bank of Canada meets for its September rate-setting meeting today and while no further policy adjustments are expected, traders will be keeping a close eye on the bank’s forward...

Dollar Soars on Safe-Haven Flows

DXY on The MarchThe US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh...

Dollar Bullish Momentum Strengthens After Breaking Key Resistance

The dollar took a new high - the highest level since the beginning of March 2023, developing an upward trend following breakout of the main bearish corridor:Among the major currencies, the AUD led...

Gold Under Pressure as USD Climbs

Gold Fails at Resistance It seems that gold bulls just can’t catch a break. Despite Fed rate hike expectations fading over the last month, a fresh rally in USD has acted as a major barrier to upside...

AUDUSD Sells Off Heavily On RBA & China Data

RBA Holds SteadyThe Aussie Dollar has come under heavy selling pressure today on the back of the September RBA meeting and yet a further set of weak China data. The RBA held rates unchanged at the...

USDJPY Caught Between Fed & BOJ Expectations

Weak US Jobs Data Weighs on Fed Tightening ExpectationsDespite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report...

EURUSD Sitting on Support Ahead of Lagarde Speech

Lagarde on WatchEURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB...