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Fundamental Analysis

Aussie Outlook Weakening Near-Term

Aussie Under PressureThe Australian Dollar is coming under heavy selling pressure this week as a combination of internal and external factors weigh on investor sentiment. Firstly, the recent RBA rates...

AUDUSD Approaches Key Resistance Zone and the New Year may Prove Bearish for AUD

The RBA delivered a 25 bp rate hike and indicated that it plans to deliver at least a 50 bp tightening in 2023 driving terminal rate to 3.6%. There were no bullish implications for AUD as the RBA’s...

Three factors for a possible USD revaluation

The November NFP report improved the USD position, however the rebound following a strong release from the level of 104.50 was quickly erased, with the aggressive sell-off that began near the 105.50...

US November wage growth remains solid, dashing hopes for the Fed Pivot

US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year.Consensus estimate was 200K,...

Upside Surprise in NFP will Likely Trigger Rebound in Oversold USD

Another batch of US macroeconomic data pointed to an easing in inflation pressures while the consumer spending index (Core PCE) rose by 0.2% in October against the forecast of 0.3%. US equities rose...

FOMO Friday: USDJPY Drop Deepens

USDJPY Drop Deepens The holiday season is fast approaching but markets are showing little sign of slowing down. It’s been another busy week across the board with plenty of big moves and key...

Powell Speech Presses Dollar Against Key Support Level

The dollar index sank 1% while S&P 500 approached 4100 points following Powell’s speech on Wednesday, which the market interpreted as an acknowledgement that the pace of rate hikes will be slowed...

The Crude Chronicles - Episode 165

Oil Traders Cut Longs Last WeekThe latest CFTC COT institutional positioning report shows that oil traders reduced their net long positions last week. Total upside exposure was cut to 252k contracts...

IMF Warns Of China Econ Downgrade Over Covid Policy

IMF Concerns Over China Covid PolicyThe focus on China continues to build this week. Following ugly scenes of police clashing with protestors at the weekend, the scrutiny of the government’s...