• The Friday Forex Takeaway – Episode 17

    Key Points From This Week US-Sino Trade Deal Signed The Phase one trade deal (which was originally announced in October 2019) was finally signed this week. US & Chinese leaders signed the deal in Washington on Wednesday, which broadly encompasses China committing to $200 billion of US purchases over the next two years in exchange […]

  • The IndeX Files 14-01-2020

    Attention Turning Back Towards US-Sino Trade Deal Global benchmark equities indices have seen a pause in their recent upward trajectory though are consolidating near highs, suggesting a continuation higher is coming. The most notable themes for asset markets currently are those of reduced geopolitical risks linked to US-Iran tensions as well as the favourable backdrop […]

  • The Crude Chronicles – Episode 20

    WTI Caught Between US-Iran Tensions & US-China Trade Deal The CFTC COT position report showed that last week, investors increased their upside positions in WTI by a further 4,780 contracts, taking the total position to 554,857 contracts. The recent increase in WTI positioning reflects the better expectations around US-Sino trade relations. Trump announced that the […]

  • Precious Metals Monday 23-12-2019

    Gold The final trading week of the year is typically a quiet one and while no major moves are expected in the metals, there are some important developments worth noting as we head into 2020. Firstly, the continued rally in equities looks set to keep pressure on gold as the US-Sino trade negotiations move onto […]

  • Precious Metals Monday 16-12-2019

    Gold The gold market continues to hold in the recent consolidation pattern which has persisted over the last five weeks, following the heavy sell-off over the first week of November. Some important developments to note over the recent week, which could impact the course of metals trading this week. First and foremost, the market received […]

  • The Friday FX Takeaway – Episode 13

    Key Points From This Week UK Elections The Conservative party stormed the vote with a 364 seat result in parliament, taking them well above the 326 seats required for a majority. Market attention now shifts back to Brexit with Johnson planning to take the UK out of the EU by January 31st 2020 under his […]

  • The Crude Chronicles – Episode 17

    Market Caught Between OPEC Cuts & Trade Deal Uncertainty CFTC COT data showed that net long positions in WTI crude declined by 42,901 contracts last week to sit at a total position of 428,035 contracts. The reduction in upside exposure in WTI prices likely reflects the diluted global investors appetite last week on concerns over […]

  • The IndeX Files 10-12-2019

    Risk Factors Building Up Global equities benchmarks have seen a loss of upside momentum over recent trading. With the year winding down, the risk factors affecting equities (Brexit, US-Sino trade war, central bank monetary policy) remain at large. The UK elections this week should offer some clarity on how Brexit is likely to be handled […]

  • The Friday Forex Takeaway – Episode 12

    Key Points From This Week Mixed US Data The first set of headline US data disappointed this week with both the ISM Manufacturing & Non-Manufacturing readings coming in short of market forecasts. The manufacturing reading was particularly worrying, showing that the US factory sector remain in contractionary territory for a fourth consecutive month over November. […]

  • The Crude Chronicles – Episode 16

    Trade Deal Expectations Impacting Oil The CFTC COT report showed that investors increased their net long positions in WTI crude last week by a further 40,961 contracts. The total net-long position now stands at 470,936 contracts. The key premise for the build in upside exposure in WTI has been the rising expectations of a US-Sino […]

  • The IndeX Files 03-12-2019

    Markets Reverse on Trade Deal Uncertainty Global equities benchmarks suffered a severe shift in sentiment this week with asset markets selling off on rising fears over the health of US-Sino trade talks. Late last week, it was reported that the US administration approved a bill supporting the rights of the Hong Kong protestors. The situation […]

  • The Friday Forex Takeaway – Episode 11

    Key Points From This Week US-Sino Trade Deal Expectations Rise Again Investors had their expectations for a US-Sino trade deal bolstered once again this week as further comments from President Trump added encouragement. Trump noted that the US and China were in the “final throes” of a deal. The market now expects that the phase-one […]

  • The Crude Chronicles – Episode 13

    WTI Longs Build On Trade Deal Optimism The CFTC reported that over the last week, net long positions in WTI Crude futures were higher by 22,512 contracts, moving back up to a total long position of 138,389 contracts. This most recent build in US crude exposure reflects optimism towards the ongoing US-Sino trade negotiations which […]

  • Precious Metals Monday 11-11-2019

    Gold The outlook for precious metals is evolving in light of the changing expectations for the path of the US dollar. Although the Federal Reserve pressed ahead with a further rate cut at its most recent meeting, Chairman Powell explained that the central bank would now be sitting on its hands while it assesses the […]

  • The Crude Chronicles – Episode 12

    Trade Deal Hopes VS Negative OPEC Outlook WTI prices commenced the week in demand as expectations that the US and China will formally approve the mini-trade deal agreed earlier this month helped support global investor appetite. The driving force behind the latest surge in optimism over US-Sino trade discussions was the comments made at the […]