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Fundamental Analysis

OPEC Decision is Likely to Have a Short-term Impact as Focus Turns to Demand Side

Positive update on oil inventories in the US pulled WTI above the key level of $ 45, however, prices have been moving in a narrow box as OPEC is dragging its feet on key output decision:EIA data...
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Trump Supports McConnell's Proposed Stimulus Package

Dollar Under Selling PressureThe US Dollar has come under heavy selling pressure this week. The risk on tone sweeping markets continues to detract safe haven inflows away from the greenback with...
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The Crude Chronicles - Episode 65

Risk Assets Back In DemandWTI traders increased their upside exposure in oil once again last week. The net long position was increased by 41,828 contracts to 522,369 contracts, marking fresh four...

EURUSD: 1.20 Appears to be New Foothold for Bulls

The mix of upside movement in risk assets, bounce in Gold price and intensified USD pressure that we saw on Monday suggests that markets could deploy its key catalyst of positive expectations – a...

Fed Chairman Downplays Vaccine News To Focus On Current Economic Strains

Powell Warns Over Economic ConditionsFederal Reserve chairman Jerome Powell was in the spotlight yesterday. Testifying to the Senate Banking Committee, the Fed chief struck a cautious and concerned...
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Weak Eurozone Inflation Adds To ECB Easing Expectations

Inflation Falls Further The latest set of economic data for the Eurozone offered a further glimpse into the struggles unfolding with the single market economy. The headline CPI reading for November...

EURUSD: The Test of 1.20 Signals a Breakout is in Cards

Oil prices remain stuck in a narrow range, but trade in a moderately positive area ahead of the crucial decision by OPEC+. Since yesterday, there has been little extra clarity about the decision, and...

RBA: Rates Won't Rise For At Least 3 Years

No Change in December The Australian Dollar has stalled just under the 2020 highs in response to the latest RBA rate decision, delivered overnight. The bank, headed by governor Lowe, held rates...
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Precious Metals Monday 30-11-2020

GoldGold prices have started the week under heavy selling pressure as the safe haven continues to see an exodus of capital amidst the better risk conditions taking hold of markets. Expectations and...