Fundamental Analysis

The first thing to get out of the way: no one expects a rate change at the upcoming meeting. In fact, no economist expects rates to rise until well into 2022. Even changes in the expectation for when rates rise aren't really expected.…

USDJPY extends recovery with robust jobs data Sentiment for the dollar remains upbeat as the pair bounces back to its pre-pandemic level from a year ago. The US labor market showed solid growth again in March with 916k jobs added.…

The second quarter is shaping up to be the best time for commodities in general, even though they have already moved higher in anticipation. The US and UK are expected to fully open their economies by the summer. This will, therefore,…

Tomorrow we have a host of important data coming out of the euro area, with a particular emphasis on Germany. CPI data on an individual state level surprised expectations with an acceleration. So, now, there are questions about what…

The USDCNH formation hints at the completion of the cycle intervening wave x, which took the form of a triple zigzag. Immediately after the end of wave x, the initial part of the new bullish trend began. Currently, the formation of…

Tesla Lower Pre-Market Shares in Tesla are trading a little lower ahead of the market open on Tuesday. The iconic company has seen a return to bearish sentiment over the last two weeks with price correcting lower from the 611.29 level.…

For over a year now, the CAD has been gaining against its southern neighbor. Part of that has been because the USD got weaker as safe-haven flows diminished. But it seems that the CAD reached its best performance back in mid-March.…

Tomorrow's big event for euro traders is likely to be the release of German Consumer Price Index data for March. While the data itself is important enough to move the markets, there are some underlying trends that could affect European…

GE Mixed Earnings General Electric shares are trading slightly lower than they closed on Friday after weaker-than-expected fourth-quarter earnings. GE reported Q4 earnings per share of $0.08, versus $0.09 expected. Despite the headline…

IBM Higher Pre-Market Shares in IBM are trading higher ahead of the market open today. The company’s stock price has enjoyed a solid recovery rally off the 2021 lows with price recovering from around the mid-117 level to highs around 133…