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Fundamental Analysis

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...

Review of the Fed Policy Meeting: More Downside Risks for USD?

The Fed left policy parameters unchanged on yesterday meeting but reiterated "whatever it takes" mantra to bring activity back to pre-crisis levels. We know from the post-GFC Central banks’ response...

Fed Highlights Pandemic Uncertainty At July FOMC

The July FOMC meeting held last night was a fairly low impact event. In line with expectations the Fed refrained from adjusting policy levels while delivering a message of concern and uncertainty,...

Here is the First Sign US Recovery Enters Phase of Moderation

Record-setting performance of the US economy in May and June appears to be coming to an end with time of disappointment creeping in. I elaborated on this idea in my yesterday post discussing potential...