Daily Technical & Fundamental Analysis

Some signs of possible US-China trade war ending
18 January, 2019 17:24

Some signs of possible US-China trade war ending

Steven Mnuchin, US Finance Minister, stands for the lifting of the import some or even all tariffs against the Chinese products. These reports bolstered the US stock market which posted hikes today with the session closed in the black. Moreover, these reports also supported China's stock market as well. Thus there are grounds to believe that the long-lasting trade conflict between two major economies seems to be coming to an end.

Sterling shows good stance by week's end
18 January, 2019 14:21

Sterling shows good stance by week's end

By the end of the week, the sterling has left the 2-month peak at 1.30, which is also considered as the psychological level. However, the sterling was quite dynamic this week despite numerous local risks and no reasons for optimism now. At the same time, a lack of negative Brexit development somewhat supports the sterling, so it faces restrained pressure.

ECB meeting can pass at soft pace
16 January, 2019 18:47

ECB meeting can pass at soft pace

The euro has trimmed almost all last-week gains in the first half of the week. The euro-to-US dollar exchange rate still can be seen at the 1.15-1.13 handle. Moreover, the rate is testing the 1.14 handle now. The short-term outlook is bearish, with no hikes or slumps being expected. Mario Draghi made quite careful and more bearish message yesterday.

Euro loses grounds Tuesday, Brexit vote prospects vague
15 January, 2019 18:13

Euro loses grounds Tuesday, Brexit vote prospects vague

The euro started sliding vs the US dollar in the course of Tuesday. The current rate stands at some 1.1428. In general, such development is more likely market adjustments amid the lack of economic reports. The Brexit vote is the milestone of today's European trading session, which is in the spotlight now. The UK will decide on its further political way today. Some MPs refuse to support the draft agreement, which can mean unexpected results after the vote and even some slowdown in the Brexit.

Oil price shows some gains but requires extra driver
11 January, 2019 14:49

Oil price shows some gains but requires extra driver

Prices for Brent oil neither soared nor collapsed yesterday. Meanwhile, the Friday trading was marked by some upturn of oil quotes, which means that the market wants to keep recovering after the massive selloffs observed in late 2018. For now, further price upturn seems to need extra driver since the increase is losing the pace, as the market analysts noted. At the same time, some profit-taking is possible especially ahead of the weekend.

Prices for oil remain on rise
09 January, 2019 14:00

Prices for oil remain on rise

Following a short-term break on Monday, oil prices have resumed strengthening by now. Brent oil managed not only to maintain positions above $57/bbl but even gained grounds reaching $59.80 on Wednesday. Thus, the price is coming closer to the psychological level of $60. API posted a decline in the US crude oil reserves. The volumes reportedly dipped by 6 million bbl per day, which 2-fold above the expected level. 

First week of 2019 marked by hikes of Japanese yen
03 January, 2019 16:45

First week of 2019 marked by hikes of Japanese yen

‚ÄčThe Japanese yen has posted strong upturn against the majors in the first week of 2019. At the same time, the observed hikes hardly can be connected with the moves of BOJ, especially given that Tokyo does not want to get soaring national currency. Along with other reasons, higher Japanese currency can be explained by stronger demand for protective assets, with the Japanese yen being among the safe havens, amid the recent downgraded revenue report by Apple.
Dollar weaker, euro yet to respond to ECB bearish signals
27 December, 2018 14:32

Dollar weaker, euro yet to respond to ECB bearish signals

The US dollar failed to show a long-term rebound. Seeing stock market upturn in the USA, the dollar soared against the majors, but later lost the pace and resumed the weakening. Moreover, investors are run out of the steam as well. Asia posted mainly negative market developments amid skyrocketing Wall Street indices. At the same time, the European indices were differently directed, which confirmed the technical nature of the recent decline on oversold currency.

Euro to US dollar rate fluctuates near 1.14 handle
26 December, 2018 17:16

Euro to US dollar rate fluctuates near 1.14 handle

The euro posted some gains at the morning trading today. Moreover, euro bulls even managed to offset some decline faced a day earlier. In general, the euro-to-US dollar started following moderate downward trend yesterday. Trading was slow due to the Christmas holidays and the market saw no economic reports from the USA and the euro-area either.

Euro continues winning streak
20 December, 2018 15:56

Euro continues winning streak

The euro has been strengthening this week with a good leap being recorded in the second half of the week. Following some decline, the bullish players keep pushing for the rise. The euro-to-US dollar exchange rate broke the $1.14-handle touching some 1.1472 near the 100-day moving average. As a result, buyers have calmed down somewhat. The observed upturn is also bolstered by the factors that boost euro positions but affect dollar's ones.

Sterling posts gains on Tuesday
18 December, 2018 15:01

Sterling posts gains on Tuesday

On Tuesday (December 18) the sterling is gradually restoring positions vs the greenback with the exchange rate reaching some $1.2680 now. The positive dynamics of the British currency is related to one and the same issue – Brexit voting in the UK parliament. It has been reported lately that the previous vote scheduled on December 11 was cancelled, while the new date has been slated for January 14. It is interesting what tactics Theresa May may choose this time.

Emerging market currencies positive before Christmas holidays
18 December, 2018 13:43

Emerging market currencies positive before Christmas holidays

The currencies in the emerging markets have been positive at the trading week before the Christmas, though investors do rush to spend money on risk assets seeing a slower economic upturn in the world. At present, it is clear that the locomotive for the currencies of the emerging markets is the US dollar (in particular its weakening). The greenback has slacker positions on upcoming the US Federal Reserve meeting amid the fact that investors are slow to trade and prefer to wait and see, so the currencies in the emerging markets can continue rising. Speaking about Chinese yuan, it showed stable rate against the US dollar – investors are getting ready for the this-week big events in China.