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Fundamental Analysis

GBP Stalls Following Mixed Data

UK GDP Crashes in Q2It hasn’t been a great week for GBP bulls. Following the largest employment decline since 2009, reported yesterday, Q2 GDP today has confirmed a technical recession in the UK. The...

UK Labour Market Suffers Record Fall

Largest Decline Since 2009The British Pound has lost some of its recent upside momentum this week as the latest economic data released today painted a very bleak picture of the employment landscape....

Euro Demand Remains at 5-year High but Technical Picture Calls for Caution

The European currency posted record-high appeal among speculators for several years, showed the latest CFTC report. Net long speculative position rose to a 5-year high in the week ending Aug 4:Extreme...

Flip Side of Strong July Payrolls

The US economy created more than expected jobs in July, a report showed on Friday. Despite small positive deviation with consensus estimate it was a big surprise since several alternative data sources...

Top Trump Moments This Week

As the US presidential elections draw ever nearer, it seems that pressure on Donald Trump is causing him to move deeper into the shock-and-awe tactics which made him so attention worthy during the...

Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months.In a joint statement, Iraqi Oil Minister...

Key economic events and reports for the week ahead

Monday, August 10, 2020 - JOLTs Job Openings (Jun)(USD).Tuesday, August 11, 2020 - Average Earnings Index +Bonus (Jun)(GBP), German ZEW Economic Sentiment (Aug)(EUR), PPI (MoM) (Jul)(USD).Wednesday,...

Interim USD Strength Suggests NFP can be a Trigger for Stock Market Sell-off

US Dollar oversold hit a 40-year high said Morgan Stanley on Friday, adding that it had changed its USD stance from “sell” to “tactically neutral”.Recall that this Monday I wrote that MS analysts...

BOE Discussing Negative Interest Rates in The UK

BOE Leaves Rates UnchangedThe Bank of England left its monetary policy levels unchanged at its August MPC meeting yesterday along with a message that the downturn is likely to be less severe than...