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Fundamental Analysis

A Rough Patch for Wall Street’s ‘Big Five’?

Morgan Stanley’s financial results were released on Sunday, completing the reporting of the five largest US banks for Q2, 2019. The data showed that the trading business of the banks have now...

US and Vietnam: from “Best Friends” to Trade Rivals?

Next possible leg of the trade war may affect countries that have emerged victorious at the expense of first victims. This assumption is explained by the fact that losing the accumulated trade and...

IEA’s Birol: Oil consumption forecast can be revised to the downside in the coming months

The International Energy Agency (IEA) cut forecast for oil consumption in 2019 due to flattening growth of the global economy and persisting risks from trade standoff between US and China, said Fatih...

Key economic events and reports of the upcoming week

Tuesday, July 23, 2019 - Existing Home Sales (Jun)(USD).Wednesday, July 24, 2019 - German Manufacturing PMI (Jul)(EUR), New Home Sales (Jun)(USD), Crude Oil Inventories(USD).Thursday, July 25, 2019 -...

Fed Williams’ “Brilliant Failure” in Communication Sparked jolt on the Markets

After it became clear that the Fed is going to cut rates in July, market expectations had a room to develop only towards the most bearish outcome (50 bp cut), pressuring dollar and pushing safe...

Policy Bias in China: Fighting with Credit Leverage or Adding more Stimulus?

A key gauge of the debt burden in Chinese economy exceeded 300% of GDP, the Institute of International Finance reported. Beijing was forced to maintain the trajectory of undesirable debt...

Market discounts retail sales data focusing on the Fed comments as July meeting looms

Greenback posted surprisingly muted response to strong US retail sales on Tuesday, despite of actual figures printing almost twice higher than the estimates. Some traders went on vacation, the rest...

Saudi Arabia Under Pressure as the “Oil Market Goes Green”

Oil prices renewed their decline, maintaining the bearish tone set on Monday. US producers are gradually resuming oil production in the Gulf of Mexico after Hurricane Barry, in what serves as the...

Carry Trade Flows May Gain Momentum as China Finds Path to Recovery

An upbeat surprise in Chinese economic data for June provided a very limited "quota" for the growing market concerns this week. A pickup in macroindicators across the board, such as industrial...