Category: Fundamental analysis of Forex market

Crude oil has added for the fourth consecutive trading session. However, the rise in quotes has been tempered by comments from the German economy minister, claiming that the EU could agree on an embargo on Russian oil within days. However, movements in oil have become more subdued not only because the embargo topic has been …

Oil Possibly Locked in the $100-130 Range for YearsRead More

Summary United States: April Economic Data Show Resilient U.S. Economy U.S. retail sales topped expectations in April, while industrial production also grew more rapidly than economists expected. Data on housing starts, home sales and homebuilder sentiment, however, showed tentative signs of cooling. Next week: New Home Sales (Tue), Durable Goods (Wed), Personal Income & Spending …

Weekly Economic & Financial Commentary: April Economic Data Show Resilient U.S. EconomyRead More

GBP/USD look headed for its first weekly gain in four weeks moving into late Thursday trading. At the time of writing, the pair was trading up by 2.03% at 1.25089, supported by a broadly weaker US dollar. But a stronger pound this week didn’t relate to any major positive news about the UK economy. On …

GBP/USD: Don’t Get too Comfy with Recent GainsRead More

Pound slides after CPI report The British pound has taken a tumble after April CPI jumped to 9.0% YoY, up sharply from 7.0% in March. GBP/USD has fallen 100 points today and is trading at 1.2390 in North American trade. UK inflation continues to run at a 40- year high, and the cost of living …

UK Inflation Soars to 9%Read More

The British pound continues to rally on Tuesday. GBP/USD is trading at 1.2463 in the European session, up 1.15% on the day. UK employment numbers sparkle The tight UK labor market is getting even tighter, as reflected in the March employment report. The unemployment rate fell to 3.7% (3.8% prior), below the 3.8% forecast and …

British Pound Soars on Strong Jobs DataRead More

Summary United States: Don’t Look Down Yet Consumer price inflation may have peaked, but the climb down from here will not be free of obstacles. The CPI and PPI rose 0.3% and 0.5%, respectively, in April. Small business optimism stalled during the month, as owners are concerned about their ability to continue to pass on …

Weekly Economic & Financial Commentary: Will Tighter Financial Conditions Lead to a More Dovish Fed?Read More

The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine war has taken a bite out of the eurozone economy and sent the euro tumbling. The latest development weighing on …

Euro Under Pressure, Falls Below 1.04Read More

Bitcoin collapsed 8.4% on Wednesday, ending the day at around $28.4K. Thursday’s fall continued, sending the first cryptocurrency down 5% to $27K. Ethereum is down 24% in the last 24 hours, having rolled back to $1815. Other leading altcoins in the top 10 have fallen in price from 6% (Tron) to 37% (Solana). Total crypto …

The Crypto Market’s House of CardsRead More

Last week was dominated by volatility as the RBA, Fed and the BOE all gave the markets something more to think about. The RBA hiked rates by more than expected, the Fed took the idea of a 75bps hike off the table, and the BOE said not to look for too many rate hikes, while …

Week Ahead: Volatile Follow Through after Central Bank DecisionsRead More

U.S. Highlights The Fed raised the monetary policy rate by 50 basis points for the first time since 2000 and signaled more hikes of the same magnitude are in the works. The economy added more jobs than expected in April, but the labor market remains tight with the number of workers looking for jobs retreating. …

The Weekly Bottom Line: Tight Corners of the EconomyRead More