• Chart of The Day EURUSD

    Chart of the Day EURUSD EURUSD Potential Reversal Zone – Probable Price Path According to Reuters positioning data EURUSD longs have reached a record 22.6 billion euros. One larger bet has been made; shorts in 2015 reached EUR 25.6 billion. Two other bets reached 20 billion: shorts reached 20.8 billion at the end of 2015 […]

  • Daily Commodity Outlook, 11 August 2020

    Asian stocks opened modestly firmer Tuesday after a lackluster session on Wall Street. S&P 500 futures were little changed after the benchmark approached its all-time high from February. The tech-heavy Nasdaq 100 lost ground. Treasuries ticked higher. Investors are assessing simmering tensions between the U.S. and China, as well as progress in talks between Democrats […]

  • UK Labour Market Suffers Record Fall

    Largest Decline Since 2009 The British Pound has lost some of its recent upside momentum this week as the latest economic data released today painted a very bleak picture of the employment landscape. While the headline unemployment rate remained unchanged at 3.9%, better than the 4.2% expected, this is well understood to be down to […]

  • The IndeX Files 11-08-2020

    Risk Apetite Remains Positive Global equities benchmarks continue to show demand this week. As with recent weeks, momentum has notably contracted as we head into the typically quieter summer months. However, equities markets have retained a bid tone with the S&P continuing to push higher and other markets, such as those in the UK and […]

  • Daily Market Outlook, August 11, 2020 

    Daily Market Outlook, August 11, 2020  The US futures market has spent most of the overnight session in positive territory and currently shows a small gain. However, underneath the surface the market has a much more positive tone, with some evident sector rotation out of big tech and growth stocks and into value and smaller […]

  • Flip Side of Strong July Payrolls

    The US economy created more than expected jobs in July, a report showed on Friday.

  • The Investment Bank Outlook 10-08-2020

    RBC Capital Markets Week ahead: US Democratic presidential candidate Biden is expected to announce his running‐mate this week, possibly as soon as today. According to the bookies, Kamala Harris is still runaway favourite at a 50% probability, ahead of Susan Rice (25%). US July retail sales are pick of this week’s data releases and should […]

  • Precious Metals Monday 10-08-2020

    Gold Gold prices have paused in their ascent amidst a strong spate of recent buying in USD in response to the latest US labour reports. The July NFPs, released on Friday, came in above expectations at 1.763 million. While marking a slight reduction from the prior month’s 4.79 million figure, job growth over the month […]

  • Daily Market Outlook, August 10, 2020 

    Daily Market Outlook, August 10, 2020  Following the collapse in talks between the Republicans and Democrats on a stimulus package, over the weekend, US President Trump signed a number of executive measures aimed at providing relief from the economic damage sustained during the pandemic. These included a $400 per week increase in unemployment benefits, a […]

  • Weekly Market Outlook 10-08-20

    In this Weekly Market Outlook 10-08-20, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it!  Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the […]

  • Ruble and EUR/USD: Potential Jump Ahead?

    Today we review the potential future of currency pair EUR/USD, Russian ruble, and British pound.

  • Key economic events and reports for the week ahead

    Monday, August 10, 2020 – JOLTs Job Openings (Jun)(USD).

  • Iraq Says it will Make Additional Supply Cuts, Offering Supportive Price Outlook

    Iraq said on Friday that it will cut oil production by another 400,000 bpd in both August and September to offset overproduction over the past three months.

  • The Friday Forex Takeaway – Episode 46

    Key Points From This Week Metals Hit Fresh Highs Gold prices broke out to fresh all-time highs this week as the US Dollar continues to sell off and broader risk factors develop. The sell-off in the US Dollar continued despite better data this week with the ISM manufacturing and non-manufacturing readings both beating expectations. However, […]

  • Top Trump Moments This Week

    As the US presidential elections draw ever nearer, it seems that pressure on Donald Trump is causing him to move deeper into the shock-and-awe tactics which made him so attention worthy during the course of his first election campaign. Over a presidency marred with controversy and scandal it seems that Trump has lost little of […]