• EURGBP Hits Highest Levels in 10 Years on Brexit Fears

    GBP Down Despite Data Beats It’s been an interesting week for the GBP as we’ve had a raft of data out, the majority of which surprised to the upside! However, price action has remained stubbornly muted. So, on Tuesday we had labour market data out of the UK, which saw average weekly earnings ticking up […]

  • Key Factors to Watch in AUD Crosses

    We’ve had some important developments in the fundamental backdrop for AUD recently that are worth discussing. These developments are particularly evident in the price action of AUDNZD and AUDJPY. Rate Movements Driving AUDNZD So, looking at AUDNZD we’ve seen a large move higher recently in the wake of the RBNZ unexpectedly cutting rate by .5% […]

  • The Crude Chronicles – Episode 3

    Trade Wars Impacting Oil Prices It’s been another turbulent week for oil prices which have made sharp moves in both directions as the market struggles to get to grips with the dynamic environment driving short term price action. Earlier in the week, crude prices had traded sharply to the upside as the US Trade Representative […]

  • The genuine reason behind the delayed Trump tariffs

    The delay of the new round of Trump tariffs on some imports from September to December gave rise to various rumors about the genuine reasons for this decision.

  • Is Germany on the Brink of Recession?

    The latest set of economic data out of Germany has compounded fears that the second largest economy in the eurozone is on the brink of a recession. On Tuesday, German ZEW Survey Current Situation and Expectations both came in below expectations at -13.5 and -44.1 respectively. These readings have been trending lower over the year […]

  • Who will win in the currency war? A brief analysis.

    What’s the price of winning a currency war? This question is probably the key in determining the winner, as losses can be significant while it’s impossible to achieve an absolute victory over the enemy.

  • Gold Crashes on Trade Tariff Delay Announcement

    Fresh Trade Announcement We saw another period of volatility in the markets yesterday as traders reacted to news of a change in US trade policy. Following Trump’s recent announcement of a fresh set of 10% trade tariffs due to be applied to a further $300 billion of Chinese goods, starting September 1st, US Trade Representative […]

  • Italian Parliament To Scheule Vote of No Confidence

    Coalition Divided Rising tensions within the Italian ruling coalition has now resulted in the Lega’s leader, Matteo Salvini, calling for new elections. Consequently, the head of the upper house of the Italian parliament has re-summoned the house from recess today, for the Italian parliament to Schedule vote of no confidence on the Italian Prime Minister. […]

  • ZEW Report Warns New Risk Emerges for the Growth Outlook – currency wars

    The beginning of this week turned out to be quite calm in terms of economic events.

  • The IndeX Files 13-08-19

    Trade Wars & Brexit It’s been a very volatile period for the equities markets recently. Last week we saw heavy losses across the board as the market responded to news of rising tensions between the US and China. Following the US’s announcement of a fresh set of trade tariff to be applied to China, China […]

  • Weekly Market Outlook – 12.08.19

    In this Weekly Market Outlook – 12.08.19, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it!

  • Key economic events and reports of the upcoming week

    Tuesday, August 13, 2019 – Average Earnings Index +Bonus (Jun)(GBP), Claimant Count Change (Jul)(GBP), German ZEW Economic Sentiment (Aug)(EUR), Core CPI (MoM) (Jul)(USD).

  • Russian oil minister Novak: output cuts should cover possible decline in oil demand

    The size of output cuts agreed at the latest OPEC meeting were calculated by taking into account a possible slowdown in consumption, said Russian oil Minister Novak replying to Reuters question.

  • RBA Governor Says Further Rate Cuts Likely

    In his semi-annual testimony before Australian parliament yesterday, RBA governor Lowe told law-makers that he stands ready to reduce interest rates further if necessary. However, Lowe tempered his message saying that the Australian economy is likely through the worst of the slowdown. Lowe’s comments came as the bank released its quarterly statement on monetary policy […]

  • How does the PBOC manipulate Yuan? Real effective RMB exchange rate.

    Following the steep decline of the mainland renminbi against the dollar, above the 7 mark, and following the PBOC’s “don’t panic!”