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Fundamental Analysis

Crude Futures Soften Ahead of EIA Inventories
Crude Futures Soften Ahead of EIA Inventories

EIA On WatchCrude oil prices are a little softer today ahead of the latest EIA inventories release due later. Last week, the EIA reported a larger-than-forecast inventories surplus, reflecting weaker...

Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise
Still-Hot UK Inflation Raises Risks of Hawkish BOE Surprise

 Hawkish RisksThe big focus in FX markets today will be the June Bank of England meeting. The BOE had been tipped to hike rates by a further .25%, marking the 13th consecutive rate hike and the...

ETH Rallying As BTC Spike Pulls Crypto Higher
ETH Rallying As BTC Spike Pulls Crypto Higher

BTC Driving ETH HigherThe surge higher in Bitcoin this week has seen the broader crypto market recovering also. Bitcoin futures are now up around 25% off last week’s lows. The move comes in response...

Stocks Soften Ahead of Powell Speech Today
Stocks Soften Ahead of Powell Speech Today

Powell Up NextTraders today are bracing for a fresh set of commentary from Fed chairman Powell. The central bank leader makes his semi-annual testimony at the Senate Baking Committee today and markets...

Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening
Bank of England's Underestimated Inflation Forecasts Expose Insufficient Policy Tightening

The surprise in UK consumer inflation for May was incredibly strong, raising concerns that the Bank of England may go into overdrive with the policy tightening. GBPUSD initially tried to gain...

GBP Sinks on Fresh CPI Surge
GBP Sinks on Fresh CPI Surge

GBP Under PressureGBPUSD has come under fresh selling pressure today as the latest round of UK inflation data failed to inspire optimism. UK CPI in May was seen printing 8.7% on the headline reading...

Aussie Falls on Less Hawkish RBA Minutes
Aussie Falls on Less Hawkish RBA Minutes

AUD Under PressureThe Australian Dollar has softened today on the back of the release of the latest RBA meeting minutes overnight. Following a second, unexpected rate-hike at the last meeting,...

Crude Rising on China Stimulus Hopes
Crude Rising on China Stimulus Hopes

Crude Testing ResistanceCrude oil prices are continuing to push higher across the European morning on Tuesday. Crude futures are on course for their third consecutive positive day so far, now up...

US currency struggles to extend downside correction
US currency struggles to extend downside correction

US currency struggles to extend downside correction and upside pressure gradually takes upper hand. The dollar index (DXY) bounced back from 102 and rose to 102.50 points.Risk assets are also awaiting...