Fundamental Analysis

On Monday afternoon, Iran issued an arrest warrant for US President Donald Trump. This came after Iranian officials accused him of his involvement in the January 3rd drone attack that killed Iranian General Qassam Soleimani.  Tehran's… Read More

Face-to-Face Talks Begin A string of video meetings during lockdown seemed to do little to achieve progress on trade talks. As such, face-to-face trade talks began this week. A UK delegation of negotiators attended talks with EU leaders… Read More

Johnson Vows No Austerity UK PM Boris Johnson unveiled plans over the weekend to help support the economy in the ongoing post-lockdown recovery. Further easing of the lockdown restrictions is due to be announced over the coming days.… Read More

As we are coming to the conclusion of the second quarter, we are about to hit a deluge of key economic data. This data will likely determine whether we keep trending in a V shape, or turn down into the second wave of the W. The increased… Read More

Last Week’s Highlights US home sales fell by 9.7% in May The monthly home sales report from the United States saw a 9.7% decline in May. This came despite interest rates staying at record lows. Existing home sales fell by 3.91 million… Read More

Gold The gold market has seen better buying this week, leading to a breakout to fresh 2020 highs, amidst a weakening in risk appetite. Concerns this week regarding the prospect of a fresh outbreak of COVID-19 have weighed on risk… Read More

Mexico's central bank has cut interest rates 8 times since it started its current loosening cycle last year. It has now cut a total of 275 basis points. That's the second-fastest pace and largest cut of central banks in the world. But at… Read More

Inventories Rise Again The latest report from the Energy Information Administration showed that in the week ending June 19th, US crude stores rose by a further 1.4 million barrels. This was above the rise in inventories recorded last… Read More

Tomorrow we get the final chance to adjust the measurement of the US Q1 GDP. The broad consensus is that it will simply repeat the second reading, to confirm a -5.0% contraction. However, given the logistics issues around COVID, there is… Read More

June Activity Jumps The eurozone economic data released this week reflected a further pickup in activity over the last month. This came in line with the easing of lockdown measures. The eurozone manufacturing PMI for June rose to a… Read More