Weekly Fundamental Analysis

EU leaders have so far failed to agree on how to move forward with the coronavirus recovery fund. An agreement or failure to reach consensus could set the tone at the beginning of the week until the higher risk economic data points on Friday. Earnings season also kicks into high gear with announcements from Tesla, Microsoft and others. Tune in to find out more.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
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This week marks the start of US earnings season. Investors will finally see just how bad or good corporate American earnings have been for the second quarter of this year which also covers the coronavirus pandemic period and global lockdown. The Bank of Japan, Bank of Canada and European central banks will also update traders this week on their latest monetary policy stance. Tune in to find out more.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com

Global stocks markets have continued to rally, led higher by the Nasdaq 100 and the recent surge in the China A50 index to a two-year high. The focus this week turns to the Reserve Bank of Australia interest rate decision, Canadian employment and Chinese inflation, as well as the end of week Eurogroup meeting to table an updated coronavirus recovery plan.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com

Sentiment in the markets did not improve last week, so investors remained cautious, which led to the U.S. dollar remaining at its highest level in June. The growing number of new cases of the virus in the United States and the volatile economic data in the country do not allow market participants to expect a Form V recovery.

U.S. economic indicators remained highly volatile and supported concerns among market participants about future prospects. The preliminary manufacturing PMI index reached 49.6 points and recorded a marked recovery in sentiment among business participants, which was one of the most positive signs in recent weeks. Meanwhile, real estate secondary market sales fell -9.7% in May from a month earlier, but new home sales showed recovery and recorded a 16.6% rise from April. With the number of unemployed remaining high in the country, access to credit is likely to decline, which will reduce liquidity in the market while negatively affecting the number of transactions. The number of new jobless claims remained unchanged at 1.5 million per week.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com

Last week, the global reserve currency reversed its downward trend and recorded a moderate rise after the U.S. Federal Reserve meeting. Investors also returned to safe-haven currencies after negative sentiment prevailed in markets from Thursday, fearing a second wave of the virus and worries about the economic situation.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com

Last week, the U.S. dollar index continued to depreciate, reaching a 3-month low. With relatively positive expectations in the financial markets, investors reduced risk and abandoned the world's reserve currency and opted for riskier alternatives.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com.

The global reserve currency fell steadily last week, reaching its lowest level since mid-March on Friday and ending the week below 200-day moving average. Although sentiment in financial markets remains positive, the situation in the real economy is showing no signs of improvement. Among the news was a report from carmaker Nissan, which is considering downsizing by -20 thousand employees due to falling demand for cars worldwide. The regions most affected by the lay-offs are expected to be Europe and emerging markets. This is a good indicator that large businesses no longer have expectations of V-form recovery and are seriously considering downsizing of as much as 15% of all employees in order to reduce fixed costs and avoid unprofitable activities.
Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com.

There were no major changes in the currency market last week. The U.S. dollar depreciated in the first half, but regained some of its lost positions in recent days. The bad news continued to dominate the market last week, with addition of car rental giant Hertz to the list of retailers in restructuring process - JCPenney, Neiman Marcus and J. Crew. It is a company with a history of more than 100 years, with about 38 thousand employees, whose activities were severely affected by the virus and quarantine, and the suspended activities did not allow it to settle with creditors, so a debt restructuring procedure was announced. This is another example that the current economic situation is very difficult in the country and even the largest companies are facing significant difficulties in meeting their obligations and keeping jobs.

Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com.

Flow of negative news continued last week as U.S. consumption shrank significantly,
recession was recorded in Germany, and political tensions between the U.S. and China
continued to rise as Donald Trump threatened to cut ties between nations.



Disclaimer:This podcast is produced for a global audience and does not contain and should not be construed as containing investment advice, investment recommendations, an offer or solicitation of any transaction in financial instruments. Please note that this trading analysis is not a reliable indicator of current or future performance as circumstances may change over time. Before making any investment decisions, you should seek independent financial advisors to help you understand the risks.
Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com.

Consolidation sentiment continued to dominate markets last week as investors prepared for important economic data, as data has reflected the results for March and in part for the first weeks of April, and the data was mostly very weak. So far, the global economy is showing no signs of recovery and indicators are only further deteriorating. As an example, the forecast for the change in GDP prepared by the Atlanta branch of the U.S. Federal Reserve after Friday's data showed a -35% decline in the country's economy in the second quarter of 2020.

Forex & CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider
Read more at https://admiralmarkets.com