Market Overview

Queasy on a Sunday morningWe are back to a point wherein the weekend political news and the front pages of the Sunday papers are crucial for the outlook for sterling over the course of the next week....

by Pinchas CohenThe Big NewsOil almost reached $51 a barrel yesterday at 22:02 EDT – its highest level in a month - after Saudi Arabia said an agreement had been reached to extend the deal on...

"Index Points to Increased Economic Growth in April." This is the headline for today's release of the Chicago Fed's National Activity Index, and here is the opening paragraph from the report: Led by...

OilOil prices rallied around 5.5% last week. Crude oil has climbed to $51 per barrel. Oil and Asian stocks rose as investors weigh in the likelihood that OPEC will extend supply cuts. Crude has hit a...

It’s hard keeping up with the uninterrupted series of allegations to hit the Trump administration. Every couple of days we hear of the latest revelation, which, at the back of our minds makes us...

by Pinchas CohenAs an oil producer, the fate of the Russian ruble's exchange rate is tied rather closely to the price of oil, since importers buy the ruble to pay for the country's oil. And since...

FUNDAMENTAL OUTLOOKCurrent economic situation:USD (-) Core CPI YoY felt to 1.9%, below FEDs target level of 2%, because of falling oil prices and this can be the reason for FED pause in % increasing;...

A further weekend ballistic missile test from North Korea has done little to throw an improving sentiment off balance and FX markets have initially opened the new week on a stable note.We heard on...

The latest IMM data covers the week from 9 May to 16 May 2017To read the entire report Please click on the pdf File Below

It is a very quiet start to the week with no important data today. Two Fed speakers are due to speak. Harker (voter, hawkish) and Kashkari (voter, dovish) may give more insight into the scope for a...

Above-trend growth feted for April update on Chicago Fed Nat'l Activity Index US political uncertainty and Eurozone growth continue to support EUR/USD The oil market is rallying on expectations that...

After being shellacked last week, the US dollar is trading with a firmer bias against all the major currencies but the euro and New Zealand dollar. To be sure, it is not that a new development has...

Foreign government bonds in developed markets roared last week, generating the strongest performances among the major asset classes, based on a set of proxy exchange-traded funds.Leading the way...

Good day to all, my main focus this week and next will be USD/CAD as I believe it is very close to a full scale bullish reversal that will push it back towards 1.39 or even above 1.40 as I do not...