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Fundamental Analysis

GBP Under Pressure Following BOE Rates Comments

GBP Under PressureGBP is turning lower today on the back of comments yesterday from BOE governor Andrew Bailey who noted that BOE rates are likely near their peak.  On the back of 14 consecutive rate...

Risk Appetite on the US Stock Market Wanes Amid Inflation Concerns

On Wednesday, appetite for risk in US equities decreased, with major stock indices finishing the session slightly in the red. The American market successfully passed the bearish baton to Asian and...

Silver Under Heavy Pressure Ahead of US ISM Data

US Economic Strength StallingThe silver market has come under heavy selling pressure over the last week. Following the recovery across the back half of August, a rebound in USD has weighed heavily on...

Oil Surges As Saudi Arabia & Russia Extend Production Cuts

Oil Cuts ExtendedCrude prices broke out to yet further new highs for the year yesterday. The move was driven by news that Saudi Arabia and Russia have extended their additional production cuts through...

Dollar Faces Resistance Amid Oil Price Swings

The rapid bullish advance of the greenback in the past few days has encountered some selling pressure near the 105 level on the US Dollar Index (DXY). Today, the index is treading water amid a...

CAD Plunging Ahead of BOC

BOC on WatchThe Bank of Canada meets for its September rate-setting meeting today and while no further policy adjustments are expected, traders will be keeping a close eye on the bank’s forward...

Dollar Soars on Safe-Haven Flows

DXY on The MarchThe US Dollar is seeing a wave of fresh demand this week as safe-haven demand supports the greenback. The heavy miss on the Chinese Caixin services PMI overnight has fuelled fresh...

Dollar Bullish Momentum Strengthens After Breaking Key Resistance

The dollar took a new high - the highest level since the beginning of March 2023, developing an upward trend following breakout of the main bearish corridor:Among the major currencies, the AUD led...

Gold Under Pressure as USD Climbs

Gold Fails at Resistance It seems that gold bulls just can’t catch a break. Despite Fed rate hike expectations fading over the last month, a fresh rally in USD has acted as a major barrier to upside...