Fundamental Analysis

Deadly Virus Confirmed News of the outbreak of a deadly disease in Asia, called the “coronavirus” has been grabbing headlines this week. The disease, which worryingly belongs to the same family of viruses as SARS, broke out in China… Read More

The next bit of economic data coming out of Australia could have a significant impact on the AUD. The RBA is closely watching the labor market, as it sees the creeping increase in unemployment as a challenge to maintaining the inflation… Read More

US Dollar Testing Resistance The US dollar has been back on the offensive today with the index testing the 97.42 once again today following a brief move above the level yesterday. With no tier-one US data on the sheet this week, the move… Read More

Rates Unchanged At its first policy meeting of the year, the Bank of Japan held rates unchanged. As expected, the bank voted 7–2 in favor of no action. Rates continue to sit at lows of -0.10%. JGB purchases unadjusted are at an annual… Read More

USD Hanging Out Near Highs The US dollar is in the green again today though the index, which is down off the recent 97.48 highs, is currently capped by the 97.42 resistance. With a lack of any key US data this week, flows are likely to… Read More

Canada has largely been able to stay on the sidelines of the global economic uncertainty. Therefore it's likely to not be as much of a beneficiary of the general positive swing lately. But don't tell that to their stock market, which has… Read More

In its latest World Economic Outlook released yesterday, the IMF took investors somewhat by surprise. The institution once again downgraded its global growth forecasts. The downgrades come despite positive developments in the US/China… Read More

The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.… Read More

USD Rallying on Monday The US dollar has continued to rally over the European morning on Monday with the index breaking above the 97.42 level. Data strength at the end of last week is keeping USD bid here. With no tier-one US data… Read More