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Fundamental Analysis

Only Strong US Inflation in May can Save the USD

The dollar holds its ground on Tuesday counting on a strong positive surprise in the US May inflation report. The release is due on Thursday. Yellen's comments that high interest rates will be a plus...

US Inflation Report may Cause a Major Move in USD. Here is Why.

Last week, the struggle between USD bulls and bears was unusually evident: the dollar index jumped from 90 to 90.50 points following release of the ADP labor market report, however bullish bets were...

Precious Metals Monday 07-06-2021

Gold Gold prices have started the week on a softer footing following the volatility last week. The rally in the safe haven asset was put to an end on Thursday by a stronger-than-expected ADP...

The Crude Chronicles - Episode 92

Oil Traders Cut Longs The latest CFTC COT institutional positioning report shows that crude traders reduced their net long positions by a further 0.5k contracts last week. This latest reduction takes...

FOMO Friday: Crude Jumps 5%

Oil Breaks OutAs we close out another week it’s time once again to reflect on performance. Chatting with other traders this week it’s been interesting to hear the different positions people have been...

Dollar Index Clings to 90 points Ahead of Crucial ADP and NFP Data Releases

Major pairs in FX space traded in a narrow range on Thursday, awaiting release of the Non-Farm Payrolls report on Friday. The downside risks for USD remain as preliminary labor market data for May...

Chinese Central Bank Takes Action Against Rising Yuan

PBOC Fighting Back The PBOC has taken a series of steps this week aimed at halting the ongoing rise of the Chinese Yuan. USCNH is down over 3.5% this year alone, and more than 11% from the 202 highs....

Fed To Unwind Corporate Asset Purchases

SMCCF To Be Unwound Speculation around when the Fed will begin tapering its massive monetary stimulus programme jumped back into focus overnight. In one of the first moves that signal the beginning of...

Aussie GDP Higher Than Pre-Pandemic

GDP Rises in Q1 Aussie bulls were given further encouragement overnight as the latest economic data came in above expectations. Aussie Q1 GDP came in at 1.8%, well above the 1.6% forecast. With this...