Trade Reviews
Professional and technical analysis on products and past trades
Gold rebounds from crucial support amid sharp oil market selloff
Gold rallied to $4,072 as falling oil prices, lower Treasury yields, and a weaker US dollar tempered inflation expectations following the US midterm elections.

EUR/USD rises as the dollar weakens, but can the euro hold Its gains?
EUR/USD has moved towards 1.1250 after the Democratic Party secured control of both chambers of Congress, pushing Treasury yields lower and weakening the dollar. However European inflation is accelerating while services are losing momentum, leaving the euro supported by expectations of higher interest rates rather than stronger economic growth.

Australian dollar falls despite RBA rate hike
The Reserve Bank of Australia has raised interest rates to 4.85%, yet the Australian dollar has depreciated—a divergence driven by a complex domestic economic landscape.

Why is the oil market facing a refining bottleneck?
Diesel and other refined products remain unusually expensive because damaged refineries, lower Middle Eastern and Russian exports, depleted inventories and higher freight costs have reduced the amount of usable fuel reaching consumers. Crude can therefore fall without producing an equivalent decline in transport, agricultural and industrial costs.

GBP/USD forecast: BoE rate decision and US non-farm payrolls
Sterling enters the week with two supports already in place. The UK Budget avoided fiscal shock, and markets expect the BoE to raise interest rates for the first time since 2023. Yet GBP/USD may depend less on the expected hike than on what happens one day later, when US payrolls determine whether the Federal Reserve still has room to tighten in December.

Nikkei 225 declines as Japan's industrial output and retail sales slow
The Nikkei 225 index dropped by 2.12% following a deceleration in Japan's industrial output and retail sales. However, despite short-term selling pressure, the index retains its long-term bullish momentum.

Week Ahead: central banks face inflation and labour market tests
Three central banks paused this week, but for different reasons. The Fed is testing whether productivity can contain inflation despite strong growth. The ECB is relying on the energy shock remaining contained, while the BoJ is weighing imported inflation against uneven domestic demand.

ECB holds rates steady, signals further hikes if inflation persists; Euro gains
The European Central Bank kept interest rates unchanged amid rising inflation, whilst President Christine Lagarde announced her early departure in February 2027.

Australian dollar strengthens as inflation exceeds forecasts
The Australian dollar strengthened as September inflation reached 4.3%, surpassing market forecasts. Driven by rising transport and housing costs, this surge heightened expectations of a Reserve Bank of Australia (RBA) interest rate hike, despite an elevated unemployment rate.

USD/CAD forecast: can the Canadian dollar rally after the BoC decision?
The Canadian dollar has found some support ahead of Wednesday’s Bank of Canada decision, but its ability to extend those gains may depend more on what happens in Washington than on the expected rate hike in Ottawa.
