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Fundamental Analysis

Lackluster Performance of European ETFs Suggests Great Untapped Potential for EUR

US bond yields tumbled to a new historical low on Tuesday as the Fed unexpectedly signaled its willingness to continue inflating stock market bubble in exchange for stability of credit markets.After...

Mfg. PMI Maintains General Momentum, but the Sector Continues to Lose Jobs

The Markit and ISM manufacturing PMI reports released on Monday indicated another positive change in July comparing to June: the ISM index rose from 52.6 to 54.2 points, Markit PMI climbed to 50.9...

RBA Keeps Rates Unchanged In August

Rates UnchangedAt its August monetary policy meeting held overnight, the RBA kept interest rates on hold at record lows of 0.25%. The unchanged announcement was broadly expected though...

EURUSD: Concerns About Risk-on Momentum Create Strong Case for a Pullback

JP Morgan analysts believe that the time is coming for a pullback in equities. According to their view, it can happen in the next two weeks. Markets won’t have enough psychological resilience to...

Growth Forecasts Revised Lower as the Second Covid-19 Wave Takes its Toll

The global economic outlook has deteriorated again amid accelerating incidence rate of Covid-19 and risk of repeated lockdowns, showed Reuters polls of more than 500 respondents. More than 17 million...

Key economic events and reports for the week ahead

Monday, August 3, 2020 - Caixin Manufacturing PMI (Jul)(CNY), German Manufacturing PMI (Jul)(EUR), ISM Manufacturing PMI (Jul)(USD).Tuesday, August 4, 2020 - RBA Interest Rate Decision (Aug)(AUD),...

The Friday Forex Takeaway - Episode 45

Key Points From This WeekSecond Wave Fears IntensifyThe prospect of a second wave has taken on greater focus this week as an increasing number of countries report an uptick in new covid-19 cases. In...

EURUSD: Odds are Skewed to Extension of the Upside Move

Eurozone recorded the worst drop of GDP in history in 2Q. But markets are driven by expectations about future growth and outlook for economic momentum of the EU is definitely better than of...

US GDP Falls Most Since WW2 Over Q2

GDP Sees Rceord Fall in Q2The US Q2 GDP reading, released yesterday, confirmed the worst period of economic activity since the second world war with the economy contracting by 32.9% from...