• BOJ Cuts Outlook On All Regional Economies For A Second Quarter

    Record Downgrade As part of the Bank of Japan’s quarterly Sakura report this week, the bank downgraded its view of all nine of the country’s regional economies for a second consecutive quarter. This marks the first instance of such a decision in over 11 years and highlights the severity of the negative impact the COVID-19 […]

  • Chart of the Day AUDJPY

    Chart of the Day AUDJPY AUDJPY Potential Reversal Zone – Probable Price Path Asian stock markets were negative following a lacklustre performance across global peers amid lingering coronavirus concerns and as US-China tensions were stoked by several escalatory reports such as the US enacting sanctions on 4 Chinese individuals for human rights abuses including the […]

  • The Friday Forex Takeaway – Episode 42

    Key Points from This Week RBA Holds Rates Steady The RBA opted to keep rates on hold this week at its July meeting and struck a broadly optimistic tone. The bank cited a firm rebound in domestic activity and better global financial conditions, despite noting a great deal of uncertainty in the outlook. Parts of […]

  • Daily Market Outlook, July 10, 2020 

    Daily Market Outlook, July 10, 2020  Market sentiment has turned more risk averse heading into the weekend. Asian equity markets are generally down today following declines yesterday in Europe and the US. In particular Chinese stocks, which have surged of late, recorded their first fall in nine days. Concerns about a continuing rise in Covid-19 […]

  • Chart of the Day EURJPY

    Chart of the Day EURJPY EURJPY Potential Reversal Zone – Probable Price Path U.S. stocks remain supported for now, supporting the performance of a variety of risk currencies. The US dollar index closed down 0.5% to a low of 96.9 in the past month, and the 10-year US Treasury yield closed up more than 2 […]

  • The Crude Chronicles – Episode 46

    WTI Longs Reduced Amidst Second Wave Fears The CFTC COT institutional positioning report showed that traders reduced their net long positions in WTI by 17,057 contracts last week, taking the total position to 543,826 contracts. This adjustment, which marks some of the largest selling since the peak of the oil slide earlier in the year, […]

  • AUD Rally Dragging GBPAUD Lower

    GBPAUD Under Pressure Despite an impressive rally at the start of the year, the COVID-19 crisis has seen a devastating reversal in GBPAUD which has now fallen 14.26% from 2020 highs and is now -4.64% on the year. The main driver behind the stark reversal in GBPAUD is the firm performance in AUD over recent […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500)  Potential Reversal Zone – Probable Price Path Risk retreat? The S&P500 broke a five day winning streak and retreated 1.08%, led by airlines, while VIX rose to 29.43. Fed’s Bostic warned that business leaders and consumers are getting worried about the second Covid-19 wave as there is […]

  • USDCHF Falls Amidst Bearish Fed Comments

    Fed’s Daly Warns of “Bumpier” Recovery Comments from some members of the Fed this week have stoked expectations of further easing from the US central bank as it continues to battle the negative economic impact of COVID-19. San Francisco Fed president Mary Daly warned on Tuesday that the loss of employment in areas such as […]

  • USDCNH Falls As US/China Tensions Rise

    Fresh Sanctions Coming? Tensions between the US and China are at risk of boiling over once again this week as President Trump reportedly prepares to announce fresh sanctions against China. Speaking with reporters this week, White House chief of staff Mark Meadows said: “We’ve got a number of executive orders. We’re looking at how we […]

  • The IndeX Files 07-07-2020

    Investors Shrugging Off Virus Concerns Global equities benchmarks started the week in a positive manner with most indices rallying on Monday. However, gains have proved short lived and sentiment has soured somewhat on Tuesday as emerging risk factors temper bullish momentum. The chief concern among investors currently is that of a potential second wave of […]

  • Chart of the Day AUDUSD

    Chart of the Day AUDUSD AUDUSD  Potential Reversal Zone – Probable Price Path AUD: As expected, the Reserve Bank of Australia kept rates and its policy stance on hold today. Highlights from the statement include: (a) despite the pace of asset purchases having decreased lately, the Bank is ready to scale them up again if […]

  • Daily Market Outlook, July 07, 2020 

    Daily Market Outlook, July 07, 2020  Asian equity market performance was mixed this morning with China up strongly again but other markets are down or showing more modest gains. Threats from the White House of potential actions against China were reported as causing unrest. US Labour Secretary Scalia said the economic recovery has been “better […]

  • Precious Metals Monday 06-07-2020

    Gold The gold market has seen a listless start to the week with prices remaining subdued though not far below the 2020 highs. Equities markets have started the week with strong conviction following last week’s record jobs number for May which saw just shy of 5 million new jobs being created over the month. However, […]

  • The Investment Bank Outlook 06-07-2020

    In our Investment Bank Outlook each week, we bring you a selection of perspectives from leading investment banks to outline the key issues and directional views for the week ahead. These excerpts, taken from research notes, will cover issues such as key market themes, economic releases, as well as any major trends and levels to […]