• The Crude Chronicles – Episode 22

    Crude Caught Between Opposing Market Pressures The CFTC COT positioning report showed that, last week, investors reduced their net long positions in WTI crude by 36,960 contracts, taking the total position to 530,312 contracts. The reduction in upside exposure was likely down to a spate of profit-taking as WTI continued to fall back following the […]

  • Precious Metals Monday 20-01-2020

    Gold The gold market has given conflicting signals over recent weeks. Following a breakout to highs of 1611.39, not seen since early 2012, market reversed heavily over last week, trading lows of 1536, before reversing higher. The root of the fluctuations in the gold market has been the shifting situation with regard to the recent […]

  • 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 Crude Chronicles – Episode 21

    WTI Under Pressure The CFTC COT positioning report showed that net length in US WTI positions rose by 12,415 contracts to 567,272 contracts in the week ending January 7th. The rise in WTI upside exposure came amidst a backdrop of heightened tensions between the US and Iran which many feared would boil over into a […]

  • 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 […]

  • Precious Metals Monday 13-01-2020

    Gold With tensions between the US and Iran having dissipated over recent sessions, the new week has commenced with a firmly risk-on tone, seeing reduced safe-haven demand for gold.  The market is now focusing on the US-Sino trade deal which is due to be signed on Thursday in Washington. Following the signing of the deal, […]

  • 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 […]

  • The IndeX Files 07-01-2020

    US-Iran Fears Offset US-Sino Trade Deal Hopes Over recent sessions, the global equities landscape has been dominated by news-flow around US/Iranian tensions. America’s killing of top Iranian general Soleimani last week has sparked a worrying reaction from Iran which has vowed to avenge Soleimani’s death with the blood of American’s. Equities were heavily lower on […]

  • The Friday Forex Takeaway – Episode 15

    Key Points From This Week Trump Announces Trade Deal Signing Date Global investor appetite was strengthened this week in response to Trump’s announcement that the US and China will now sign off on the phase-one trade deal on January 15th. The US announced on December 14th that the two sides had agreed the deal, which […]

  • The Crude Chronicles – Episode 19

    Opportunities & Risks For WTI In 2020 The CFTC COT positioning report showed that WTI traders increased their positions by 13,700 contracts last week, taking the total position in WTI to 550,077 contracts. Upside exposure has been steadily increasing over recent weeks reflecting a more encouraging environment for WTI in the wake of recent developments. […]

  • Top Market Themes 2020

    Rather frustratingly, it seems that many of the big themes set to dominate 2020 will really be an extension of the stories that took centre stage over 2019. US-Sino Trade Negotiations. With an initial trade deal in place, focus will now shift on to the second round of negotiations. The first trade deal is due […]

  • Best Performing Currencies 2019

    British Pound 3.84% It’s been a classic comeback story for the pound this year. After spending three months in free-fall against the dollar, spiralling lower from 1.33 – 1.20 (which actually made it the wort performing currency of the year at the time) the pound has since made an impressive recovery back above the 1.30 […]

  • The IndeX Files 31-12-2019

    Equities End The year At Highs Global benchmark equities end the year well into highs with asset markets around the globe celebrating the beginning of the end for the US-Sino trade war, the evasion of a hard-Brexit in the UK and the still-low money market rates across the G10. The US and China have now […]

  • Precious Metals Monday 30-12-2019

    Gold On the back of recent moves, it is clear that gold prices will end 2019 well into positive figures. Currently around 15% higher on the year, gold is due to close out its best year since 2010. The rally in gold prices over the year has been in no small part due to the […]

  • Worst Performing Currencies 2019

    Australian Dollar -4.63% At just short of 5% down on the year against USD, the Australian Dollar takes home the crown for worst performing currency in the G10 space. Over the course of the year, the Australian Dollar was hard hit by the breakdown in US-Sino trade talks which put a great deal of pressure […]