• OPEC Calls Emergency Meeting Amidst Oil Rout

    Will Saudi Arabia & Russia Finally Co-operate? Oil prices have turned higher at the end of the week following the calling of an emergency OPEC+ meeting next week. Following calls from President Trump to end the stand-off between Saudi Arabia and Russia, Saudi Arabia has announced the meetings for Monday April 6th. Taking to Twitter […]

  • The Friday Forex Takeaway – Episode 28

    Key Points From This Week Chinese Manufacturing Recovers Following a plunge to record lows of 35.7 in February, the Chinese manufacturing sector rebounded firmly in March to post highs of 52.3 on the Caixin PMI index. The market had been forecasting a recovery to just 44.9 and was pleasantly surprised by the news. With lockdown […]

  • Daily Market Outlook, April 3, 2020

    Daily Market Outlook, April 3, 2020  Risk sentiment was mixed during the Asian market, as earlier gains in major equity indices were pared. That followed some confusion about President Trump’s tweet yesterday that Saudi Arabia and Russia had agreed to deep oil production cuts, subsequently denied by President Putin. Brent crude oil fell back below […]

  • Is The US About To Lift China Trade Tariffs?

    Trump Considering Lifting Tariffs With the growing economic threat from COVID-19 demanding an increasing response from central banks and governments alike, the US administration is reportedly on the verge of a surprising U -turn. According to the Financial Times, the President is set to announce a 90-day suspension on some Chinese imports such as apparel […]

  • The Crude Chronicles – Episode 32

    Oil Demand Cratering The WTI markets has seen another round of selling this week as the global situation continues to draw concern for the demand outlook. The rebound in risk assets over the prior week has stalled this week as news of a soaring US death toll, and expectations of an extension to the lockdown […]

  • Chart of the Day AUDCHF

    AUDCHF – First leg of correction completing After equity markets experienced one of their worst quarters ever, with the MSCI World Index down 20%, the June quarter has begun on a poor note. This is being attributed to some sombre comments from President Trump and companies slashing dividends, including a number of UK banks, which […]

  • Daily Market Outlook, April 2, 2020

    Daily Market Outlook, April 2, 2020  The new quarter has begun on a poor note for risk assets, with chunky falls in the global market, higher credit spreads, and lower US Treasury rates. In currency markets JPY and the USD have outperformed. After big falls yesterday on Wall Street and in Europe, Asian equity markets […]

  • Pressure Mounts on UK PM To Extend Transition Phase Deadline

    EU/UK Trade Talks Fall From Spotlight With the COVID-19 crisis raging, the trade negotiations between the EU and the UK have understandably taken a back seat in terms of urgency. With the talks due to have started in February, but so far only seeing the initial statements from both sets of leaders, there are questions […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500) Seasonals add support to another corrective swing higher US president Trump warned that it’s “going to be a painful two weeks” as New York deaths from Covid-19 exceeded 1000 (overtaking China’s Hubei province) and White House health official Birx tipped that up to 200,000 Americans may die […]

  • Daily Market Outlook, April 1, 2020

    Daily Market Outlook, April 1, 2020  The US market gave up intraday gains to end lower on Tuesday, as market participants wrapped up a historic quarter sparked by the COVID-19 pandemic. Despite the weaker closing, the CBOE volatility Index (VIX) or “fear index” eased lower to 53.54 (from 57.08 previously). Yields on US Treasuries fell, […]

  • China Manuafcturing PMI Rebounds Strongly in March

    Data released overnight caught the market by surprise as the Chinese manufacturing PMI came in stronger than expected in March at 52 versus analyst expectations for a reading of 45. With the outbreak of COVID-19 leading to nationwide shutdowns, the manufacturing sector had fallen to an all time low of 35.7 over the prior month. […]

  • The IndeX Files – 31-03-2020

    Central Bank Easing Supports Markets Global equities benchmarks have seen broad buying across recent sessions with many indices still holding near the top of last week’s rally. Investors finally found some comfort in the vast swathe of central bank easing announced over March, allowing equities prices to recover some of the steep losses suffered over […]

  • Chart of the Day NZDJPY

    Chart of the Day NZDJPY NZDJPY Running Out Of Steam The broad USD steadied after consecutive days of decline, with the DXY index back above the 99.00 mark. The greenback saw gains against the EUR complex, with the EUR retreating back towards the 1.1000 handle, and the GBP below 1.2400. CAD underperformed across the board […]

  • Daily Market Outlook, March 31, 2020

    Daily Market Outlook, March 31, 2020  The Asian market is generally up this morning. However, the gains are relatively modest despite a sizeable rise on Wall Street yesterday and better than expected PMI data from China overnight. Meanwhile, crude oil prices remained under pressure with Brent crude hovering around $23bbl (close to a 20-year low).  […]

  • Precious Metals Monday 30-03-2020

    Gold The gold market saw a dramatic recovery last week, with price rallying almost 11% on the week. Price has now recovered more than 13% off the 2020 lows. Last week marked a shift in investor sentiment as asset price began recovering in the wake of the latest central bank easing announced last week. The […]