Fundamental Analysis

Gold prices rose to an all-time high on Monday, despite US markets being closed. The yellow metal has risen rapidly over the last week and a half, pushing the daily RSI into overbought territory. Monday's trading also failed to close above…
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Last week, European markets were under pressure despite generally positive global news. The potential for a political crisis in Europe due to the situation in France weighed on risk appetite. While the stock market underperformed, it raises…
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Markets have been in a bit of a holding pattern ahead of Friday's US July PCE price index data. That's because it's the Fed's preferred inflation indicator, which could help clarify some of the conflicting data that has emerged recently.…
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Inflation in the Euro Area is mainly within the ECB's target, and the economy is growing modestly. That's usually the recipe for the central bank to sit back and refrain from making any monetary policy changes. That seems to be the attitude…
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The USDCAD has been moving higher in the summer as the greenback firms up and the Canadian dollar gets weaker. The trend might accelerate after the upcoming release of Q2 GDP figures. The BOC is in an awkward position of balancing out the…
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Currency markets jumped at the end of last week, given commentary from major central bank officials at the Fed's annual symposium in Jackson Hole, Wyoming. But, having a couple of days to digest what actually was announced, the markets…
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Cable has been trending lower this week, despite inflation coming in hotter than expected. That unusual situation is an illustration of how multiple factors can influence the performance of the forex market. In this case, diverging economic…
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Markets are in a holding pattern ahead of the Jackson Hole Symposium. It's often the venue for the Fed announcing a shift in monetary policy, and there are high expectations going into the event. But, there is also a high risk of a…
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This time around, PMI figures could be significant for determining the trajectory of currencies. That's because central banks are in a transition period around monetary policy. Some, like the ECB, are about to stop cutting interest rates.…
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The release of the FOMC minutes on Wednesday could be the highlight for the markets this week. That's because it will give some detailed insight into how the Fed is thinking about rates. Unless Fed Chair Jerome Powell delivers a surprise at…
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