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Fundamental Analysis

Copper Softens on China Inflation Decline

Weak China DataFollowing a promising rebound off the 4.300 level over the last week, copper prices are cooling a little here with the futures market slipping back below the 4.5785 level on Wednesday. ...

Dollar Potentially At Major Turning Point

USD ShiftOver the past fortnight we’ve seen a clear shift in USD with the Dollar Index shedding around 1.2% from the June highs. This weakness comes despite the Fed striking a firmly hawkish tone at...

EUR/USD Nears Crucial Resistance: Potential Breakout Hinges on US Inflation Surprise

The US Dollar is trading sideways on Wednesday, confined to a tight range across most currency pairs. This comes as no surprise following the uneventful semi-annual testimony from Federal Reserve...

Gold Traders Brace For Powell

Powell on WatchGold prices are hovering near the foot of yesterday’s sell-off ahead of keenly anticipated comments from Fed chairman Powell later today.  The Fed chief kicks off his two-day...

Crude Comes Under Heavy Selling Pressure

  Hurricane Fears RecedingCrude prices remain under pressure across early European trading on Tuesday with crude futures continuing to pull away from last week’s highs. The main driver behind the move...

Yen Weak Despite Hawkish BOJ Chatter

BOJ Market ChatterExpectations of forthcoming tightening from the Bank of Japan have ratcheted higher this week. Reuters is running an article citing BOJ sources’ suggesting that the bank could go for...

USD Under Pressure Amid Mixed Economic Signals and French Election Tensions

This week has been a roller coaster for the US Dollar, which has endured a relentless four-day losing streak. Despite some encouraging data from the Nonfarm Payrolls report, the Greenback remains...

The FTSE Finish Line - July 9 - 2024

The FTSE Finish Line - July 9 - 2024BP Earnings Disappointment Weighs On The Blue Chip BenchmarkOn Tuesday, London's FTSE 100 showed little movement as a drop in the stock of energy company BP...

Euro Gains Amid French Stability; Fed Testimony and BoJ Shifts Eyed

The USD has had a relatively calm European session today, maintaining its position amid the recent French election results. Meanwhile, the EUR/USD pair clings to its recent gains, staying above the...