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Fundamental Analysis

EURUSD Stays Support Despite a Moderately Dovish ECB Message, Traders Eye US GDP Data
EURUSD Stays Support Despite a Moderately Dovish ECB Message, Traders Eye US GDP Data

The EUR/USD faced a short-term sell-off, which was later recouped following the European Central Bank's decision to maintain the Main Refinancing Operations Rate at 4.50% during its initial...

Volatility Risk Around US GDP
Volatility Risk Around US GDP

US GDP DueAlong with the January ECB meeting, the other key focus for markets today will be advance US Q4 GDP.  Yesterday, both the US services and manufacturing PMIs were seeing coming in above...

DXY Pulls Back On Yen Drive, ECB Next
DXY Pulls Back On Yen Drive, ECB Next

Yen Rally Knocks USDThe Dollar rally looks to be taking a breather midweek with the DXY pulling back from the latest test of 103.48 resistance. An uptick in Japanese yields on the back of the latest...

European PMI Aids the Euro in Overcoming a Bearish Retracement
European PMI Aids the Euro in Overcoming a Bearish Retracement

The US Dollar faced a broad decline against major currencies on Wednesday, driven by positive developments in European economic indicators and uncertainties surrounding the upcoming US PMI release....

Can Tesla Get Back On Track With Q4 Earnings?
Can Tesla Get Back On Track With Q4 Earnings?

Tesla Earnings DueAs Tesla gears up to announce its Q4 earnings later today, the stock is sitting around 30% down from the 2023 highs recorded last summer. The undershoot on Q3 earnings put an end to...

GBPUSD Rallying on UK PMI Beat
GBPUSD Rallying on UK PMI Beat

GBP Rallying on Better PMIsThe British Pound is seeing firm demand across the European morning on Wednesday. GBPUSD is up around 0.72% on the day and close to testing current 2024 highs following some...

BOJ Inflation Comments Drive Yen Rally
BOJ Inflation Comments Drive Yen Rally

JPY Rallying Post-BOJOn the back of the latest BOJ meeting overnight, the Japanese Yen is strengthening a little across early European trading on Tuesday. The BOJ held its headline policy unchanged,...

Copper Boosted By China Stimulus News
Copper Boosted By China Stimulus News

Copper Rallies on TuesdayCopper prices are rising today as traders digest news that China is considering a huge new stimulus package aimed at reviving falling stock markets. Reports overnight point to...

EURUSD and USJDPY Analysis: Strong Dollar Caps Any Upside But Situation Could Quickly Change
EURUSD and USJDPY Analysis: Strong Dollar Caps Any Upside But Situation Could Quickly Change

The Bank of Japan left the parameters of monetary policy unchanged at today's meeting. BOJ Governor Ueda adopted an ambiguous position regarding withdrawal from QE policy and interest rate hikes,...