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Fundamental Analysis

Key economic events and reports for the week ahead

Monday, August 17, 2020 - GDP (QoQ) (Q2)(JPY).Tuesday, August 18, 2020 - RBA Meeting Minutes (AUD), Building Permits (Jul)(USD).Wednesday, August 19, 2020 - CPI (YoY) (Jul)(EUR), Crude Oil...

US Retail Sales and U. Michigan Consumer Data may Drive USD lower

Commodity markets started Friday on a weaker footing. There is a noticeable tilt to the downside in silver as high volatility should persist after falling almost 16% on Tuesday. Gold...

RBA's Lowe Cites Victoria Lockdown Risks

Victoria Lockdown Creating IssuesDuring comments made overnight, RBA governor Lowe poured cold water on the idea of a swift Australian economic recovery. Despite Australia having strong initial...

Quick Reminder from the Fed that it is not Done with Stimulus

S&P 500 braces for renewing all-time peak deliberately ignoring three major factors of risk: uncertainty over fiscal deal in the US, Covid-19 data and US-China tensions.The growth of US equities...

Gold: All Signs of a Profit-booking Move

Since mid-July, bullish bets on Gold started to resemble mania or hasty shift to safe haven in anticipation of some disaster. The rally seemed well-founded, but more recently, an irrational buying...

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...