Fundamental Analysis

The dollar is once again softer this week, keeping the Euro relatively elevated. At just below the 1.1900 handle, it's still just a little below the 1.2000 level that caused alarm at the ECB just two weeks ago. While the dollar has weakened…
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The release of US jobs data earlier in the week was generally interpreted as supporting more hawkishness from the Fed. However, there were some mixed signals in the data. That means that the market might be open to a reversal depending on…
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The most important data this week for Sterling is the release of UK Q4 GDP figures on Thursday. The consensus is that the UK economy will continue to rebound modestly, which could give the BOE more room to keep rates elevated. But a…
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Gold prices are back above $5,000, but will likely need a catalyst to push back towards the highs seen at the end of last month. But this is a somewhat unique double-feature week, with the release of both jobs and inflation numbers for the…
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Last year, the dollar posted its worst annual performance in 8 years, driven primarily by geopolitical concerns. Early Monday, a new front emerged that could weaken the dollar, taking markets by surprise. Media reports suggested that…
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the Yen (USDJPY) has been weakening this week, with the USDJPY once again trending towards levels that have sparked intervention in the past. A stronger dollar has contributed to the trend, but analysts generally attribute the move to the…
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Markets this week have once again been sending mixed signals, though perhaps not as severe as the crash in precious metals last week. Gold rose above $5,000 per ounce but was unable to hold the gains. Silver rose, only to crash again. Stock…
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Markets are pricing in a rate hold after the BOE meeting on Thursday, following December inflation that came in slightly hotter than anticipated. However, markets also expect the easing cycle to continue, so traders will be keenly looking…
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The ECB is widely expected to keep rates unchanged after its monetary policy meeting on Thursday, the first decision of the new year. Despite the strong consensus and market pricing, there is a chance that it could rile up markets a bit.…
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The top news at the start of the week is the ongoing meltdown in the metals market. Gold prices have dropped more than $1,200 per ounce in less than a week. The collapse in silver prices has been even more dramatic. Copper and iron ore…
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