Fundamental Analysis

Pound Bounces up as Geopolitics Weigh on Dollar; Gold Rallies to 3-Month Highs

Pound Bounces up as Geopolitics Weigh on Dollar; Gold Rallies to 3-Month Highs

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Here are the latest developments in global markets: FOREX: After starting the day with a gap down at 1.3082, pound/dollar managed to turn positive during the early European session, rallying to 1.3170 (+0.12%) mainly due to a weaker dollar. Brexit uncertainties continued to linger in the background as the talks between Brexit negotiators failed to break the…
Canadian Dollar Trading Sideways, US Retail Reports ahead

Canadian Dollar Trading Sideways, US Retail Reports ahead

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The Canadian dollar is unchanged in the Monday session. Currently, USD/CAD is trading at 1.3016, down 0.04% on the day. On the release front, the focus is on retail sales reports. Retail Sales is expected to gain 0.7%, while Core Retail Sales is forecast to climb 0.3%. The U.S Treasury is expected to release the…
DAX Steadies After Brutal Week

DAX Steadies After Brutal Week

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The DAX index has posted slight gains in the Monday session. Currently, the index is at 11,562, up 0.37% on the day. In economic news, it’s a quiet start to the week, with no German or eurozone events. In the U.S, the Treasury Department is expected to release the semi-annual currency report. It’s been a…
EUR/USD – Euro Starts Week With Gains, Investors Eye US Retail Sales

EUR/USD – Euro Starts Week With Gains, Investors Eye US Retail Sales

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EUR/USD is higher on the Monday session. Currently, the pair is trading at 1.1592, up 0.28% on the day. On the release front, there are no eurozone events. In the U.S, the focus is on retail sales reports. Retail Sales is expected to gain 0.7%, while Core Retail Sales is forecast to climb 0.3%. The…
Geopolitical Risks And Yields Dominate Proceedings

Geopolitical Risks And Yields Dominate Proceedings

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Monday October 15: Five things the markets are talking about Following a weekend of warnings on global economic fragility from G10 finance leaders at an IMF meeting in Bali, has global equities starting this new week on the back foot, with regional bourses in Asia and Europe seeing red, while U.S equity futures are pointing…
CHF And JPY Up Amid Risk-Off Sentiment

CHF And JPY Up Amid Risk-Off Sentiment

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Safe-haven assets rise After a painful last week, equities fell further on Monday with Asian markets blinking red across the screen. The Nikkei fell 1.87%, while Hong Kong’s Hang Seng slid 1.50%. In Europe, the atmosphere is not much better as most indices headed lower, with the exception of Italian equities that barely kept their…
Concerns Grow That There Would Not Be Enough Time To Implement Decisions Before The Brexit Mar 2019 Deadline

Concerns Grow That There Would Not Be Enough Time To Implement Decisions Before The Brexit Mar 2019 Deadline

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Notes/Observations No Brexit agreement seen until after the EU Leader Summit; concerns grow that there would not be enough time to implement decisions before the Mar 2019 deadline Asia: BOJ Gov Kuroda stated that it would use interest rates to signal exit from easy policy; tocontinue its policy of powerful easing to achieve the inflation…
Risk Aversion Remains At The Start Of The Week

Risk Aversion Remains At The Start Of The Week

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Could strong retail sales report prompt more selling? Markets remain in risk aversion mode at the start of the week, with losses being recorded across Asia and Europe and US futures pointing to a similar session on Wall Street. While the losses being reported are more modest that those seen last week, which investors will…
When Will The Sell-Off Stop? | Brexit Negotiations Still Stuck | Saudi Arabia No Longer Promising Investment

When Will The Sell-Off Stop? | Brexit Negotiations Still Stuck | Saudi Arabia No Longer Promising Investment

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The major issue is still around the Irish border and the British Pound is paying the price for that. The ongoing tensions in Saidi Arabia may effect the FDI How Low This Sell-off Will go US markets posted their worst weekly performance and the questions for traders is if this will continue this week? It…
U.S. Retail Sales Expected To Rise

U.S. Retail Sales Expected To Rise

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The U.S. Dollar index managed to post recovery as price action turned slightly bullish on Friday. However, the price was contained within Thursday’s range. The German final inflation report showed an unchanged print as consumer prices rose 0.4% on the month. The Eurozone’s industrial production numbers rose 1.0%, beating estimates of a 0.4% increase. Data…