Daily Technical & Fundamental Analysis

Euro somewhat stronger amid ECB meeting
11 April, 2019 15:06

Euro somewhat stronger amid ECB meeting

Euro was in the black during the morning trading on Thursday. In fact, the currency continued following the trajectory set yesterday after the European Central Bank meeting. The euro-to-US dollar exchange was highly volatile in the middle of the week, though the bulls eventually managed to take the lead. Wednesday was also marked by the regular meeting of the European Central Bank after which it was decided to leave the interest rate unchanged.

US dollar slides on anticipated events in USA
09 April, 2019 16:11

US dollar slides on anticipated events in USA

The US dollar has slackened to the lines of the rate reversal amid the upcoming main events in the USA (release of March CPI and FOMC protocol) to take place in the middle of the week. At the same time, the pound sterling traders stand still so far, though the Brexit summit slated for April 10 can become a driver for movement in any direction.

Euro rate reverses in mid-week
03 April, 2019 15:42

Euro rate reverses in mid-week

The euro-to-US dollar has managed to post rebound in the middle of the week with the rate staying at some $1.1245. The market concerns regarding disagreements during Washington-Beijing talks are easing, which in fact affects demand for the US dollar being the safe asset. Moreover, good morning report from China promoted the price upturn.

Q1 2019 turns out to be not-bad for stock markets
02 April, 2019 18:22

Q1 2019 turns out to be not-bad for stock markets

With the start of April the market players, including investors, have got more signs to remain interested in risk assets taking into account good results in Q1 2019. In particular, the American and Chinese production sectors showed good perspectives, and thus concerns about slower economic growth partly faded away,

Euro to US dollar rate weakens on Tuesday after previous upturn
26 March, 2019 15:19

Euro to US dollar rate weakens on Tuesday after previous upturn

The euro-to-US dollar exchange rate has reversed on Tuesday after yesterday's strengthening. As a result, the rate stands near $1.1300 for now. The euro somewhat improved vs the greenback at the start of the week making use of the economic reports from Germany which showed better PMI for the first time over the past six months.

Oil price slackens but uptrend still possible
25 March, 2019 16:46

Oil price slackens but uptrend still possible

Oil prices have kept sliding this week. Brent quotes slumped from $68.7/bbl hit lately to some $66.53/bbl. This decline is a clear sign for the profit-taking after the leap, but it also does not offset possible further upturn. The weakening is said to be caused by strong resistance faced at $68.6 that was observed in November 2018. The current decline is quite obvious and can continue driven by the risks around unpredictable Brexit and US-China talks.

Brexit: Will Theresa May eventually have luck in Parliament?
18 March, 2019 17:30

Brexit: Will Theresa May eventually have luck in Parliament?

The last week was highly unstable for the pound sterling. The British currency followed mixed trends over the week. At the same time, the market bet on the current week as it was essential for the Brexit process. The UK MPs have made it clear lately that they would not accept no-deal Brexit and would not revise the departure date, but also rejected plans for the second referendum.

Pound sterling remains highly volatile after hitting last-year peaks
15 March, 2019 17:10

Pound sterling remains highly volatile after hitting last-year peaks

The pound sterling has been moving up and down lately, while now it maintains heavy volatility ahead of the UK's departure from the EU slated for March 29. Investors are waiting for the voting on the delay of EU leaving, which can entail certain risks for the pound. Strategic investors have faced challenges as this situation does not let them plan further actions in the market. Another important issue is to understand whether the UK manage to retain the status of a safe place for business after the political turmoil. Further pound movements are unclear in this situation, though one of the scenarios is that investors can start selling pound on the market reports while waiting for the voting results, following the EU decision on the delay.

Euro about to face new challenges
13 March, 2019 17:49

Euro about to face new challenges

The potential problems of the euro or even a collapse of the euro-area financial system have been urgent topics since the PIGS crisis and Greece debt problems. Moreover, the famous populist Marine Le Pen planned to shelve the euro and return French franc, declaring a default on sovereign debt. It seems that the euro can face new problems.

Oil prices maintain dynamic balance despite heavy pressure
12 March, 2019 16:43

Oil prices maintain dynamic balance despite heavy pressure

The oil market has seen substantial price strengthening lately. Oil quotes have gained almost 4% per bbl since last Friday. With this rise, the prices are coming closer to the upper end of the consolidation space. According to the market, the upturn was related to the media reports that Saudi Arabia will ship less oil than clients' ordered in April, with the output in the Kingdom to be well below 10 million bbl per day. Active discussion of the possible consequences of the power cutoff in Venezuela has become another driver of the concerns in the oil market recently...Despite strong reasons for both upward and downward movements, oil prices maintain positions near $66/bbl in terms of Brent oil for about a month already.

Global developments affect major currencies
01 March, 2019 18:08

Global developments affect major currencies

The rates of the major currencies to the US dollar are affected by global geopolitical tensions and investors’ unwillingness to risk at the moment. Deterioration in the US-China trade negotiations, an early end of US-North Korean second summit and the Brexit uncertainty are among the geopolitical risks that make investors cautious. The volatile market sentiments and a probable slowdown in global economic growth undermine investors’ confidence, affecting the rates of major currencies.

Negative sentiments arise among investors after early termination of US-North Korea talks
01 March, 2019 17:47

Negative sentiments arise among investors after early termination of US-North Korea talks

The financial markets have been characterized by negative sentiments just after the US-North Korea summit was broken down and thus the parties failed to sign an agreement. The last trading week of February brought massive events to the markets, while investors studied fundamentals that impact global markets. The main scenario for 2019 sill suggests restrained US dollar strengthening and unchanged interest rate in the USA as well as slower global economic upturn. The first month of spring is expected to be highly volatile.