• The Friday Forex Takeaway – Episode 5

    Key points This week As with last week, the standout performer over the week has been the British Pound which has seen strong gains on increased optimism over a potential Brexit deal. The Japanese Yen has been the weakest currency of the G10 bloc this week as better risk appetite has seen a lack of […]

  • US Keeping Pressure on China To Sign “Phase One” Deal

    Deal Agreed But Not Yet Signed It has been a difficult few weeks for traders recently as markets have reacted neurotically to the seemingly constant stream of contradictory headlines around Brexit and US -Sino trade negotiations. At the end of last week, global equities indices were rallying on news that the US had agreed an […]

  • The IndeX Files 15-10-2019

    US-Sino Mini Trade Deal Agreed Benchmark indices continue to be driven by the dominant themes of Brexit and US-Sino trade negotiations. Indices had been broadly higher following Friday’s news that the US and China had agreed a “phase one” trade deal. The deal, which has yet to be signed by Trump and Xi, includes $50 […]

  • Precious Metal Mondays 14-10-2019

    Gold Gold prices are currently struggling between cross-market forces as a weaker US dollar supported gold while improvements in the US-China trade landscape are leaning on gold. Precious metals have been closely tied to the dynamic US-Sino trade environment over recent months. The collapse of talks earlier in the year drove a large increase in […]

  • FOMC Minutes Point To Further Cuts

    FOMC Minutes Highlight Downside Risks USD saw heavy selling in reaction to the release of the September FOMC meeting minutes. Given that the Fed’s decision to reduce rates by a further 25 basis points saw three voting members dissenting, the risks of less-dovish minutes were elevated. However, although the Fed was split over the decision […]

  • The Crude Chronicles – Episode 8

    Further OPEC Cuts Under Discussion The CFTC COT report showed that Net longs in WTI crude have fallen to 4-week lows. Net longs fell by -34,843 contracts last week as bulls reduced positions for a third consecutive week. The recent downturn in global manufacturing has heightened concerns around the health of the global economy, putting […]

  • Markets Jittery Ahead of 13th Round of US-Sino Trade Talks

    Expectations Dwindling Ahead of Trade Talks The next round of US-Sino trade negotiations began yesterday today in Washington and there is a palpable sense of nervousness in the markets with benchmark indices and WTI all trading lower. The hesitation among traders is linked to a story from the South China Morning Post which reported sources […]

  • 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 […]

  • The Friday Forex Takeaway – Episode 3

    Key points from this week The Japanese Yen was the standout performer of the week, rising firmly against USD as heightened concerns over the health of the global economy drove steady safe-haven inflows over the week. The worst performing currency of the G10 space this week was the Swiss Franc which fell amidst a slew […]

  • The Crude Chronicles – Episode 7

    Oil Falls On Easing Middle-East Tensions & Global Growth Fears The CFTC COT update for the week ending September 24th showed net long positions in WTI crude futures were lower by -2,943 contracts, taking the position to 424,162 on the week. Speculative long positions fell by -1,864 contracts while short positions increased by +1079 contracts. […]

  • Softer Outlook For NZD Economy

    The release of the NZIER’s Quarterly Survey of Business Opinion suggests an increased likelihood that we could see negative rates in New Zealand at some point in the future. Currently, the RBNZ projects that the level of rate cuts and fiscal easing in play will be enough to fuel a pickup in economic growth, taking […]

  • The IndeX Files 01-10-2019

    Equities Upside On Hold Global benchmark indices have commenced the week in rather a subdued fashion with most headline indices having retraced from recent highs. In the US, the equities landscape is dominated by fluctuating Fed rate hike expectations. With recent data supporting, the market has reduced its outlook for an October rate-cut, instead deeming […]

  • The Friday Forex Takeaway – Episode 2

    Key Points from This Week Over the week, GBP has been the weakest performing G10 currency, dragged down by continued Brexit uncertainty and a tumultuous domestic political landscape. On the other hand, JPY was the strongest performer over the week in which most currencies lost against USD. UK Supreme Court Ruled Against Johnson UK Supreme […]