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"It is the fundamental backdrop of decelerating economic growth, and overseas influence," Mr. Hembre said.
On top of that fundamental backdrop, the natural gas forward curve has not paid well for storage during this injection season.
"Almost all market news and the fundamental backdrop are negative and it is difficult to see much upside at the moment".
"This is a profit-driven recovery on top of good economic figures," said Jeffrey Saut, chief investment strategist at Raymond James in St .Petersburg, Fla. "Does the overbought condition change the fundamental backdrop?
Given the currency bloc's improving fundamental backdrop and recent impressive data releases, particularly in Germany, not to mention the shortage of supply of bonds to buy, we believe that the ECB will fully taper its asset purchase programme by the end of 2018.
The brokerage said private investors might be attracted to CBRL given the chain's improving fundamental backdrop.
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Against this backdrop, fundamental changes to the Regulation would put at stake what has already been achieved.
South Africa, which used to be a model for the continent, is tainted with corruption; and within the ruling African National Congress there is talk of nationalising land and mines (see article).Yet against that depressingly familiar backdrop, some fundamental numbers are moving in the right direction (see article).
Against such a backdrop of fundamental, structural changes, the Taliban will not be able to dominate Afghanistan again.
We must protect our Islamic unity and brotherhood and adhere to it". "Poverty, violence, ignorance, plunder, and deception are the fruits of the class society, based on profit-making at any cost". "Against such a backdrop of fundamental, structural changes, the Taliban will not be able to dominate Afghanistan again.
Against this backdrop the fundamental limitation of generalizing land use process through up- and out-scaling becomes clear.
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