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Fundamental Analysis

Chinese Stocks Soar As PBoC Slashes LPR

PBoC Slashes LPRChinese stocks are surging higher today after the PBoC slashed its 5yr LPR rate to 3.95%. The .25% reduction marks the first LPR cut since June and the largest reduction since the bank...

Crude Prices Stalled at Key Resistance

Fresh ShippingCrude prices are sitting just below Friday’s highs as we start the new week. Indeed, we’re seeing some light selling across the European morning on Monday, despite news of fresh attacks...

Gold Continues Winning Streak Amidst Fed Rate Cut Expectations

Gold continued its triumphant streak for the third consecutive day on Monday. From a technical analysis perspective, buyers have not yet reached any specific target, but overall, they are approaching...

What Next Following Last Week's Copper Rally?

Copper Rally Pauses for NowCopper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar...

Softer Dollar Continues on Monday

Muted Markets on MondayThe US Dollar is under pressure on Monday as we begin with a quieter start to the week due to the bank holiday in the US and Canada. Last week, a sharp drop in US retail sales...

Dollar Bulls Caught Offside By Weak Retail Sales

Retail Sales PlungeFollowing a strong start to the week, driven in part by hotter-than-forecast inflation data, the US Dollar has reversed sharply into the end of the week. Yesterday’s US retail sales...

UK Retail Sales Highest In Almost 3 Years

UK Retail Sales SoarIt’s been quite a muddled weak on the data front. In the US we had inflation coming in above forecast followed by retail sales plunging. In the UK, following a weaker-than-forecast...

Will US Retail Sales Drive Dollar Higher?

US Data Flow ContinuesFollowing a hotter-than-forecast CPI report earlier in the week, traders are today bracing for the next slew of US data. Retail sales will be the key release to watch, along with...

GBP Slides As UK Enters Recession

GDP Falls AgainThe British Pound is trading lower across the early European session on Thursday. The selling comes in response to the attest growth data out of the UK with preliminary Q4 estimates...