Filtered by date: 31.01.2020. Clear
  • Last Signs of Optimism in Chinese Economic Data

    The situation with the spreading virus in China continues to deteriorate despite unprecedented government steps to stifle contamination – some factories are idle, shops and theaters are closed for weeks, complete lockdown of some provinces makes their inhabitants virtually cut off from the rest of the world.

  • The Friday Forex Takeaway – Episode 19

    Key Points This Week Corona-virus Spread Intensifies The corona-virus outbreak, which began in China around a fortnight ago, has continued to spread this week with cases now confirmed in the US and on mainland Europe. So far, nearly 200 people have died from the virus which has infected around 8000 people (confirmed). The World Health […]

  • Chart of the Day EURCHF

    Potential correction EURCHF  The EUR has been better bid since the Fed decision earlier this week, where Jerome Powell expressed his deep concern for below target inflation. At the same time, we’ve also been seeing healthier economic data reads out of the Eurozone, which included Thursday’s better than expected unemployment and confidence data. Significant rise […]

  • Daily Market Outlook, January 31, 2020

    Daily Market Outlook, January 31, 2020  Main Market Themes The US market pared early losses and instead ended higher overnight amid mixed corporate earnings. This was despite the World Health Organisation (WHO)’s new declaration of the new Coronavirus outbreak as a global public health emergency which would allow coordinated global efforts in addressing and containing […]

  • Chart of the Day GBPUSD

    Chart of the Day GBPUSD Potential upside GBPUSD  GBPUSD In Governor Carney’s final meeting, the Bank of England’s Monetary Policy Committee (MPC) voted 7-2 in favour of keeping policy unchanged – leaving Bank Rate at 0.75%; the size of the Asset Purchase Facility at £435bn; and the stock of corporate bond purchase at £10bn. While […]

  • The Crude Chronicles – Episode 23

    Corona-Virus Driving WTI Lower The CFTC COT positioning report showed that net long positions in WTI benchmarks were reduced by 9,744 contracts last week, taking the total position to 520,568 contracts. WTI prices have seen concentrated selling over the last three – four weeks as a number of factors have fuelled a shift in perspective […]

  • USDRUB Hits the Level of 62.50: What’s Next?

    Today we discuss the current status of Russian ruble and potential future of the index S&P500 and oil.

  • Daily Market Outlook, January 30, 2020

    Daily Market Outlook, January 30, 2020  Main Market Themes The coronavirus remains the primary focus at present for the market. The number of people infected with the virus continues to rise sharply, with the total number of cases in China now exceeding those during the SARS epidemic, although the mortality rate is significantly lower at […]

  • Repo Market Liquidity Shortage – How the Fed will Explain it?

    The Federal Reserve is going to hold its first monetary policy meeting in 2020 today.

  • $60 Billion Trading Scandal Uncovered

    Bankers Caught Out Once Again In the years since the Global Financial Crisis, even more of the nefarious deeds of some members of the financial community have been brought into the spotlight. While some of the criminality uncovered was recent, like the LIBOR rigging scandal of 2012, uncovered when many were still reeling from heavy […]

  • Chart of the Day EURUSD

    Chart of the Day EURUSD Potential correction coming EURUSD  Today’s US Federal Reserve policy announcement is expected to be considerably less ‘exciting’ than the Bank of England tomorrow. Having reduced interest rates three times last year, Fed officials believe the economy is now in “a good place” (we get the first estimate of US Q4 […]

  • Daily Market Outlook, January 29, 2020 

    Daily Market Outlook, January 29, 2020  Main Market Themes Following the rebound in the US, the Asian market was mostly positive, although the Hang Seng was negative as it played catch-up. The number of mainland coronavirus cases reported by Chinese authorities climbed to nearly 6,000, surpassing that of the SARS outbreak. The death toll rose […]

  • Preview of the Fed Meeting: Focus on the “Favourite Charts” of the Board Members

    The bar for changing or adjusting the course of the Fed’s monetary policy has been set quite high this year.

  • The IndeX Files 28-01-2020

    Corona-Virus Sends Equities Sinking Benchmark global equities have been heavily offered in recent trading as the impact of the Chinese corona-virus outbreak continues to dampen investor appetite. The virus, which broke out in China around two weeks ago, has now claimed the life of 80 people and spread across Asia, reaching the United States. There […]

  • Chart of the Day EURJPY

    Chart of the Day EURJPY Testing pivotal support EURJPY  Risk-off again for financial markets as China’s coronavirus continues to escalate in terms of number of infections and deaths as well as number of countries reporting confirmed cases. China has extended its Chinese New Year holidays to 2 nd Feb.  Yesterday, the S&P500 slumped 1.6% (with […]