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Fundamental Analysis

GBP Falls As Omicron Hits January PMIs

UK Data Soft Patch ContinuesGBP traders have been hit by a further round of poor data this week. The latest PMI data sets for January, released yesterday, showed that both the manufacturing and...

USD Benefits a Surge in Risk-off, Bonds Point to a Possible Fed Overreaction

Asian and European markets are in the red on Monday with the weakness of US equities on past Friday being key catalyst of downward momentum. Investors increased demand for cash amid growing risk-off...

Precious Metals Monday 24-01-2022

Metals Well-Bid On Monday But FOMC LoomsThe metals complex has started the week with a positive tone as both gold and silver see decent demand across the European open on Monday. With USD continuing...

Key Economic Events and Reports of the Week Ahead

In the outgoing week, the main trading theme was high inflation and a possible reaction of central banks to it at the upcoming meetings. Oil gained significantly, while bond yields rose reflecting...

Reuters Survey: BoE Needs to Hike Rates to Stem Undue Inflation Pressures

The BoE will remain on its rate hiking path in February as inflation is well above its target and the economy-threatening impact of the omicron strain should be milder than previous variants of the...

Chances for Rebound Appear to be High for GBPUSD and low for EURUSD

Risk assets tried to tune in to rebound in yesterday's session, but later, the decline in US stock indices, led by tech stocks, thwarted these plans. Demand for defensive assets rose on Friday, the...

Pound Sinks On Record Retail Sales Miss

Worst December Retail Sales On RecordThe British Pound is back under pressure today following a dismal set of retail sales for December. Retail activity was seen falling by 3.7% over the month, well...

FOMO Friday: The S&P Takes A Dive

Equities UnderwaterIt’s been something of a blockbuster week in markets with plenty of big moves across the board. As usual then, this means that some traders will be congratulating themselves, some...

Buying Pressure Eases in EURUSD Opening the Door for Downside Ahead of the Fed

Selling and buying forces in USD appear to be roughly balanced near the 95.50 mark on DXY amid signs of easing Treasury sell-off. The yield on 10-year US Treasuries pricked 1.90% on Wednesday and then...