Fundamental Analysis & Market Sentiment
Fundamental analysis now sees the Federal Reserve as more likely to cut rates over the near to medium term as the recent headline strong new jobs number masked a deeper picture of slowing growth. Despite that, the economy is still growing quite strongly, although the the U.S. stock market fell back from the previous week’s all-time high price.
Market sentiment is more risk-off and this is playing out mostly outside the Forex market, with precious metals (especially Silver) advancing against the U.S. Dollar. The British Pound remains weak as a new, more strongly pro-Brexit British government is due to take office this Wednesday.