• Precious Metals Monday 27-07-2020

    Gold The gold market has commenced the week with a strongly bid tone as the safe haven metal extends its impressive rally on the back of further Dollar weakness. Concerns over the outlook for the US economy as a result of the new upward trend in infections rates there has seen the global reserve currency […]

  • Chart of the Day EURJPY

    Chart of the Day EURJPY EURJPY Potential Reversal Zone – Probable Price Path Market worries about the slowdown in the pace of recovery in the United States, coupled with continuing signs of deterioration in Sino-US relations, and rising demand for hedging, the US dollar index fell, falling 0.3% to 94.4 last Friday, a six-day losing […]

  • Daily Market Outlook, July 27, 2020

    Daily Market Outlook, July 27, 2020  Asian equity market is mixed this morning as signs of a second wave of Covid-19 cases broadly offsets growing evidence of a rebound in economic activity. The former is providing an overall cap on sentiment, with new infections remaining elevated across Hong Kong and Tokyo, while spikes in cases […]

  • The Friday Forex Takeaway – Episode 44

    Key Points from This Week Trump Makes U-Turn on Masks In a clear sign of how bad the renewed outbreak of the virus in the US is becoming, the president this week abandoned his typically nonchalant, dismissive tone and urged us citizens to wear masks. Trump said that doing so was patriotic and necessary given […]

  • Daily Market Outlook, July 24, 2020

    Daily Market Outlook, July 24, 2020  Asian equity market is down this morning led by big falls in the Chinese indices. Concerns about the US economic outlook, following a rise in weekly jobless claims and criticism of China by US Secretary of State Pompeo, were cited as reasons for the move. There also appear to […]

  • Chart of the Day GBPNZD

    Chart of the Day GBPNZD GBPNZD Potential Reversal Zone – Probable Price Path The US government requires China to close the Consulate General in Houston within 72 hours. The Deputy Secretary of State said that the decision was based on three reasons, including the persistent theft of American technology. US President Trump said that more […]

  • The Crude Chronicles – Episode 48

    Oil Traders Increase Long Positions The CFTC COT institutional positioning report showed that net oil longs were increased by 4434 contracts last week, taking the total position to 539, 751 contracts. The increase in upside bets reflects the better risk environment over recent weeks with equities markets continuing to rally despite fears over a fresh […]

  • Daily Market Outlook, July 22, 2020

    Daily Market Outlook, July 22, 2020  Asian equity market is mixed this morning. Chinese indices are down, possibly reflecting concerns about escalating tensions with the US, but others are little changed or up. The Italian government has proposed EUR25bn extra spending to help businesses with temporary layoffs and provide subsidies to local/regional authorities. The Australian […]

  • Daily Market Outlook, July 22, 2020 

    Daily Market Outlook, July 22, 2020  Eurozone leaders clinched their EUR750b recovery fund deal which lifted the EUR overnight, the USD is near its lowest level over the past 12 months. Alongside the improvement in market sentiment towards the EUR, the USD has been weighed down by the improvement in risk appetite (the 30-day correlation […]

  • The IndeX Files 21-07-2020

    Risk Sentiment Rallies On Fresh Vaccine Optimism Global equities benchmarks continue to trade to the upside this week as the latest COVID-19 reports continue to migrate away from second wave risks and more towards hopes of a potential vaccine. Following the recent announcement from Pfizer and BioNTech confirming FDA fast track status for two of […]

  • EU Leaders Strike Historic EUR 1.8trln Deal

    Deal Finally Done European assets have traded higher this week in response to news that EU leaders have finally agreed a deal for emergency funding. The deal, which comes on the back of four days and nights of negotiations, will provide a historic 1.8 trillion EUR in aid. As part of the funding agreed, the […]

  • Chart of the Day EURAUD

    Chart of the Day EURAUD EURAUD Potential Reversal Zone – Probable Price Path The number of confirmed coronavirus cases in the United States increased by about 50,000 to 3.82 million on Monday, an increase of 1.3% on a daily basis, which is lower than the average increase of 1.9% in the past seven days. Multiple […]

  • Daily Market Outlook, July 21, 2020

    Daily Market Outlook, July 21, 2020  US equity market closed higher, supported by technology stocks in particular but also by reported falling pace of increases in coronavirus cases in the US and positive news on early-stage vaccine trials from Oxford University. Asian equity indices were mostly higher overnight, while futures markets point to a positive […]

  • Chart of the Day  GBPUSD

    Chart of the Day  GBPUSD GBPUSD Potential Reversal Zone – Probable Price Path The market hopes that the European Union may reach a consensus on the 750 billion euro recovery fund, which dragged the U.S. dollar index down 0.4% to 95.9 last Friday, a 0.7% drop for the week, the biggest drop in seven weeks. […]

  • The Investment Bank Outlook 20-07-2020

    RBC Capital Markets Week ahead: Q2 earnings announcements continue in the US and will be key for equity market direction this week, more so given the dearth of US economic data. Outside the US, the first July data (flash PMIs) in the Eurozone and UK will be the main focus (Friday) and Canada has May […]