• 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 IndeX Files 26-11-2019

    Trade Deal Speculation Driving Markets Benchmark global equities indices remain well supported this week, though better strength is being noted in UK and European asset markets so far. Risk sentiment has been much firmer over recent weeks though we do seem to be in a low volatility period currently. The dominating theme continues to be […]

  • The Friday Forex Takeaway – Episode 10

    Key Points from This Week FOMC Meeting Minutes The minutes of the October FOMC meeting were interesting given that the tone of discussions was more dovish than the market was expecting. Policymakers noted that risks to the US economy remain elevated and while most supported the decision to keep rates on hold now, the potential […]

  • New ECB Chief To Speak on Thursday

    Lagarde Assembles ECB Members For Informal Talks Much attention is being placed on Christina Lagarde, the new head of the ECB, who is due to speak on Thursday. As yet, Lagarde has not given any insight into her views on ECB monetary policy and investors are eager to learn of her assessment and guidance. One […]

  • The IndeX Files 19-11-2019

    US-Sino Trade Deal Hopes Keep Markets Supported Though momentum has weakened recently, global equities benchmarks continue to trade higher this week as optimism over a potential US-Sino trade deal is keeping sentiment positive. Negotiators from both the US and China held further talks over the weekend aimed at keeping things moving. Following the cancelling of […]

  • The IndeX Files 12-11-2019

    Will US-Sino Trade Deal Be Signed This Week? Global benchmark equities remain near recent high levels this week, though are sitting below the record highs seen over the last week as investors struggle with opposing themes. The US outlook has shifted away from expectations that the Fed will ease further this year. Ahead of the […]

  • The Friday Forex Takeaway – Episode 6

    Key Points From This Week The standout winner among G10 currencies this week has been the Canadian Dollar with only itself and the Swiss Franc having risen against USD. Higher oil prices have helped boost CAD which is also supported by improved risk appetite around US-Sino trade negotiations. GBP has been the weakest performer this […]

  • Future Of ECB Monetary Policy Under Discussion

    Division Over QE The discussion around the likely direction that ECB monetary policy will take once Mario Draghi leaves as President is building in importance. Recent data weakness out of the Eurozone is creating more division around the potential use of further QE. Many of the key member states have noted their opposition to further […]

  • 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 […]

  • 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 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 […]

  • German Recession Fears Growing

    German Data Drops Again The latest data out of Germany this week has heightened fears over the Eurozone’s largest economy heading for a technical recession. Data released yesterday by IHS Markit showed weakness across all German PMI readings. The worst of the readings for the German economy was the September manufacturing PMI which printed just […]

  • 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 / […]