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Fundamental Analysis

Gold Prices Drop Sharply - Fed/US in Focus

Fresh Fed Rate Hike ExpectationsA resurgence in hawkish Fed expectations for the June meeting and beyond has fuelled a sharp rally in USD over the last week. On the back of last week’s FOMC minutes,...

Upbeat US Data Warns about Premature Dollar Shorts

European currencies and gold embarked on a modest upside technical pullback as discussed yesterday:In the EURUSD pair, there was a false breakdown of the horizontal support at 1.07 during the last...

Big Bitcoin Volatility on Tuesday

Big Bitcoin MovesWe’re seeing plenty of volatility in Bitcoin at the start of the new week. The leading digital asset was seen gapping higher at the open today, hitting its highest levels since the...

US Data Surprises on the Upside, Confirming Fed Concerns about Inflation Rebound

Core PCE for April confirmed market concerns that consumer inflation in the US is accelerating again:Overall, it is not surprising as top Federal Reserve officials complained about sustained high...

US Economy Shows Resilience as Inflation Pressures Mount

The United States economy continues to impress skeptics, as robust consumer spending and tight jobs market remain two key driving forces behind persistently high inflation. With this trend, it is...

UK Inflation Spike Sparks Global Market Concerns. S&P 500 on the Point to Break Downside

The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped...

Nasdaq Dips From Highs Ahead of FOMC Minutes

FOMC On Watch US stocks and the US Dollar are back in focus today ahead of the FOMC minutes tonight. Fed expectations have been shifting wildly in recent weeks as traders continue to grapple with the...

EUR Falling Despite Hawkish ECB Commentary

de Coz Echoes Lagarde On the back of the hawkish sentiment expressed by ECB president Christine Lagarde on Sunday, we heard an interesting comment from ECB’s de Coz yesterday, head of the Bank of...

Gold Prices Plunging Ahead of US PMIs

Firmer USD Sends Gold LowerGold prices are plunging today amidst a fresh uptick in the US Dollar. The metal is now down more than 5% from YTD highs and looks vulnerable to a fresh fall lower should...