bullish momentum

The Chinese yuan can react to results of trade negotiations and statistics The tough position of US President Donald Trump on reducing the trade deficit with China may have a negative impact on the yuan exchange rate. Will the USDCNH rise? Such dynamics indicate the weakening of the Chinese...

Strong data bullish for DJI Continuing expansion in private sector indicates US economy is strong. Will the DJI continue the rebound? Data after the Federal Reserve January 29-30 meeting were positive on balance indicating the US economy is strong. The Institute of Supply Management's...

Wheat reserves fell in Canada The national statistical agency Statistics Canada reported a reduction in Canadian wheat reserves. Will Wheat prices rise? In December 2018, total wheat reserves in Canada amounted to 23.2 million tons. This is by 0.2% less than the level of December 2017 and by...

Positive euro-zone data bullish for EU50 Consumer confidence in Germany improved for February. Will the EU50 advance continue? The consumer confidence improved in Germany unexpectedly: the GfK consumer confidence index rose to 10.8 going into February 2019 from an upwardly revised 10.5 in...

Global copper deficit persists According to the International Copper Study Group (ICSG), over 10 months of 2018, the global copper deficit has amounted to 545 thousand tons. Will copper prices rise? World copper consumption in January - October 2018, increased by 2.8% compared with the same...

The “budget rule” may contribute to the further increase in PCI In this review, we suggest considering the personal composite instrument (PCI) “BRENT vs the Russian ruble”. It reflects the price dynamics of a barrel of Brent crude oil against the Russian currency. Will BRENT/RUB prices rise...

Lower pig supply bullish for LHOG Spread of African swine fever in China negatively affects supply of pigs in the world’s largest pork consumption market. Will the LHOG continue gaining? Still new cases of African swine fever (ASF) outbreak are being reported in China after the first case in...

Demand for biofuels may increase in Brazil A major ethanol producer in Brazil forecasts an increase in the proportion of sugarcane intended for biofuel production. Will sugar prices rise? The COFCO believes that world sugar prices will depend on the cost of fuel in Brazil. According to its...

Better than expected data support EURUSD Euro-zone producer prices and sales rose more than expected in October. Will the EURUSD recovery continue? Recent euro-zone economic data were better than expected: retail sales and producer prices rose more than expected in October. Retail sales rose...

Global rice shortage is expected The British company Economist Intelligence Unit (EIU) has published another review of the global rice market. Will Rice price continue to rise? According to forecasts of the EIU, the global rice consumption in the 2018/19 agricultural season will increase by...

Weaker Swiss data bullish for AUDCHF Switzerland’s economy slowed more than expected in the third quarter. Will the AUDCHF climb continue? The Reserve Bank of Australia left the interest rate at 1.5% and revised up a little its forecasts for economic growth in 2018 and 2019 at its November 6...

OPEC and non-OPEC producers discuss the possible reduction in oil production In this review, we suggest considering the personal composite instrument (PCI) &SumOIL/GAS. It reflects the price dynamics of the portfolio of futures on oil of two brands – Brent and WTI against futures on natural...

Lower pig supply in China bullish for LHOG Spread of African swine fever in China negatively affects supply of pigs in the world’s largest pork consumption market. Will the LHOG continue rising? The African swine fever is still a problem in China after the first reported case in August in...

Improving data bullish for AU200 September trade surplus rose in Australia and the producer price index rose more than expected in third quarter. Will the AU200 recovery continue? The Reserve Bank of Australia left the interest rate at 1.5% and revised up a little its forecasts for economic...