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Fundamental Analysis

FTSE Breaks Out To Record Highs On Shifting UK Outlook

FTSE Shrugs Off BOE Rate HikeDespite the Bank of England recently hiking UK rates to their highest level in 14 years, the FTSE has today hit a new all-time high. The index had been higher on the back...

Dollar at critical point as investors wait for Powell speech

Dollar bulls seem to find themselves in great comfort ahead of the Powell speech at an economic conference in Washington. The DXY index presses against 104 level and is generally at the highs of this...

Dollar to extend recovery this week as risk sentiment deteriorates

Market sentiment this week will depend on how three key themes develop. First, exceptionally strong US labor market data released last Friday poses the risk of a more hawkish Fed in 2023, which market...

Precious Metals Monday 06-02-2023

Metals Reverse Sharply Following NFP SurpriseIn my end of week piece written on Friday morning I noted that while we’d seen plenty of volatility, there might still be further fireworks to come with...

Dollar Major Recovery Becomes a Real Risk After a Surprisingly Strong US Payrolls Report

US equities posted a good performance on Thursday, with the SPX almost testing 4200 points and NASDAQ jumping 3.56%, very close to 13000 points, the highest level since the end of August. The FOMC...

FOMO Friday: World Stocks Rally Following Central Bank Updates

MSCI Makes New GroundIt’s been a busy week for markets across the board this with plenty of volatility to enjoy and with the NFP still to come, there might still be more volatility yet. With plenty of...

The Crude Chronicles - Episode 171

Oil Traders Increase LongsThe latest CFTC COT institutional positioning report shows that oil traders increased their net long positions again last week. Total upside exposure was increased for the...

Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting

The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell...

Persistent EU Inflation Boosts Odds of a Moderately Hawkish ECB on Thursday

The Fed meeting in December, the Minutes of the meeting, incoming January US soft and hard data - all of them indicate that the Fed may deliver the penultimate rate hike today and implicitly announce...