• Will The Fed Cut Rates In October?

    October Rate Cut Risks The September FOMC meeting was a disappointing meeting for USD bears. The Fed reduced its headline rate by a further 25 basis points though USD downside was offset by news that three members dissented against the cut. Additionally, the dot plot forecasts failed to show a clear path forward. As such, […]

  • The IndeX Files 08-10-2019

    Brexit & Trade Negotiations Driving Risk Sentiment Global benchmark indices have commenced the week’s trading with a mostly positive tone as attention shifts to the upcoming US – Sino trade negotiations. High-level officials from two leading global economies are due to meet in Washington on the 10th for the next round of negotiations. Over recent […]

  • Precious Metals Monday 07-10-2019

    Gold Gold prices were higher last week as a combination of risk aversion and renewed Fed easing expectations drove inflows for the precious metal. US data last week highlighted concerning weakness in the US economy. The ISM manufacturing reading printed its lowest level of the last ten years over September, remaining in contractionary territory for […]

  • ADP Jobs Number Raises NFP Risk

    Private Sector Growth Slows Looking ahead to tomorrow’s Non-Farm Payrolls release, there is plenty of scope for volatility. The ADP employment number released on Wednesday showed that over September, the US private sector created more jobs than was forecast but at a slower pace overall. This latest data adds to concerns that the labour market […]

  • Precious Metals Monday 30-09-2019

    Gold The price of gold has been devalued over recent sessions as we have seen an alteration to the outlook for US rates. The Fed cut its headline rate by a further 25 basis points at the recent September FOMC meeting. However, the market had been expecting the signal that further rate cuts would be […]

  • The IndeX Files 24-09-2019

    Risk Markets Looking for Fresh Drivers Global benchmark indexes remain muted following the September FOMC meeting. Policymakers, led by Fed chair Powell, announced a 25-basis point reduction in the headline cash rate, the second only rate cut in a decade. However, the voting split has seen reduced pricing for further rate cuts this year with […]

  • Precious Metals Monday 23-09-2019

    .Gold Gold prices have seen a strong spate of buying at the start of the week in response to lower prices across global asset markets. Despite a newly announced rate cut from the Fed last week, US equities have started the week in the red as investor focus shifts back to the ongoing US / […]

  • The Friday Forex Takeaway – Episode 1

    Key Points From This Week GBP has been the standout performer, ending the week highest against USD out of the G10 currencies. The continued short squeeze related to receding risks of a no-deal Brexit have been the main driver. NZD on the other-hand has been the weakest out of the G10 currencies against USD. Despite […]

  • September BOJ Meeting Preview

    Expectations For September BOJ Meeting Bank of Japan policymakers hold their September rate-setting meeting this week and expectations are divided regarding the likelihood of further easing. Meeting last in July, the BOJ said that should the global slowdown threaten the Japanese economy, it would act “without hesitation” to ease further. Speaking at the post-decision press […]

  • September FOMC Meeting Preview

    Expectations For The September FOMC Meeting September FOMC meeting today is expected to see the Fed reducing rates by a further 25 basis points. When the Fed last eased its headline policy rate in July, Powell noted that policymakers deemed the rate cut to be “Mid-cycle adjustment” and not the beginning of a length easing […]

  • The IndeX Files 17-09-2019

    Risks Remain Amidst Positive Backdrop The fundamental backdrop for equities remains supportive in the near term though benchmarks in the US, Europe, Asia and the UK have seen a pause in momentum so far this week. The announcement of a new range of easing measures from the ECB at its meeting this month has helped […]

  • Equities Surge on China’s Trade Comments

    Risk sentiment received a boost late in the week in response to a surprise announcement from China regarding the ongoing trade war between itself and the US. Gao Feng, a spokesman from the Chinese Ministry of Commerce told reporters “We firmly reject an escalation of the trade war, and are willing to negotiate and collaborate […]

  • Investment Bank Outlook 19-08-19

    In our fourth installment of the Investment Bank Outlook 08-19-19, we’re going to bring you a selection of perspectives from leading investment banks to outline the key issues and directional views for the week ahead. These excerpts, taken from research notes, will cover issues such as key market themes, economic releases, as well as any […]

  • Trump Attacks The Fed Over Monetary Policy

    While tensions between the US and China have increased dramatically over the last week, it seems that president Trump is placing his focus a little closer to home. Trump has once again been highly vocal in criticising the Fed, which he believes should be easing monetary policy at a higher rate. Trump Tweets Again Using […]

  • FOMC Preview – Will The Fed Announce Fresh Easing?

    Market Looking For .25% Rate Cut The main focus for traders today will be the FOMC decision, due later on in the US session. The meeting is one of the most keenly anticipated FOMC meetings in recent history as the Fed is widely expected to announce fresh easing. Indeed, in line with recent commentary and […]