Blogs

<p>The oil market found solid foothold from the output cuts by members of the OPEC+ pact, the nearest Brent contract has traded just above $30 per barrel while market contango has considerably reduced. This definitely a positive sign indicating rebalancing efforts work. The spread between July and August contracts is about 1 USD/bbl, while at

<h2>Unprecedented Recession</h2> <p>The Bank of England had a stark message for the market when it met for its May monetary policy meeting this week. Despite holding policy unchanged at current levels, the BOE warned that the UK economy is due for an “unprecedented” crash, not seen since 1706.</p> <p>While the decision

<h2>Key Points From This Week</h2> <p><strong>US/China Tensions Increase</strong></p> <p>Relations between the US and China have deteriorated once again this week in the wake of accusations made by the US against China with both Trump and secretary of state Mike Pompeo claiming to have seen evidence that CO

<p><span>Markets remain risk-on on Friday morning following a strong session in the U.S.  On Thursday, U.S. stocks advanced for the third time this week, with the S&amp;P 500 climbing more than 1% and the Nasdaq wiping out its losses for the year. Optimism focused on trade as U.S. and Chinese negotiators plan to meet next […]

<h2><span>Daily Market Outlook, May 08, 2020 </span></h2> <p><b>Equity markets have had another good night overnight (S&amp;P500 futures +1%). The big news has been in the US rates market, where the market has, for the first time, started to price a negative Fed funds rate (-0.02% by the end of the year)</

<p>USDCAD Daily Outlook – On Thursday we found out that the US weekly jobless claims totaled 3.169 million, bringing the seven-week tally to 33.5 million. Canada’s Ivey PMI fell to 22.8 in April. The UK House prices fell -0.6% in April as coronavirus restrictions took hold. Oil jumped on China export bounce but long-term outlook [&helli

German Constitutional court’s verdict on QE program looks strange After Donald Trump afforded to criticize the Fed and speculate about the pros and cons of a weak and a strong dollar, many dream of following his example.  Germany’s Supreme Court made another attempt to hog the blanket: it demanded that ECB should justify the appropriateness [&helli

The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of 1747.08. Main scenario: consider short positions from corrections below the level of  1747.08 with a target of 1561.72 – 1450.00. Alternative scenario: breakout and consolidation above the level of  1747.08 will allow the pair to continue rising to the levels […]

USD/JPY remains likely to fall. Estimated pivot point is at a level of 107.53. Main scenario: consider short positions from corrections below the level of 107.53 with a target of 103.00 – 101.08. Alternative scenario: breakout and consolidation above the level of 107.53 will allow the pair to continue the rise up to the levels […]

The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of 1.2243. Main scenario: consider long positions from corrections above the level of 1.2243 with a target of 1.3201 – 1.3509. Alternative scenario: breakout and consolidation below the level of 1.2243 will allow the pair to continue declining to the levels […]