• 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 […]

  • 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 […]

  • 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 […]

  • Precious Metals Monday 20-07-2020

    Gold Gold prices have started the week in a rather subdued fashion with the safe haven metal remaining within the shallow range of consolidation which has persisted over the course of the last week. The gold market has been well supported over recent weeks amidst an uptick in fears over a potential second wave of […]

  • BOJ Lowers Growth Forecasts & Warns of Downside Risks

    Policy on Hold But Forecasts Cut At the Bank of Japan’s July rate setting meeting, held overnight, the BOJ kept its monetary policy on hold at current levels via an 8-1 vote. However, with downward revisions to its growth forecasts and warnings of downside risks to the economy, the meeting struck a decidedly bearish tone. […]

  • UK/China Rift Growing As UK Bans Huawei

    UK & China Clash Over Hong Kong Tensions between the UK and China have emerged as a fresh risk factor in recent weeks. The UK has refrained from having any direct spats with China over recent years while the US has continuously locked horns with the world’s second largest economy. However, in light of recent […]

  • Recovery in Doubt As UK Growth Seen Well Below Estimates In May

    UK GDP Very Weak in May The latest economic data released on Monday showed that UK GDP bounced back in May, following a 20.3% contraction in April. However, at just 1.8% growth on the month, the rebound was well below the 5.5% growth forecast. While the monthly reading was disappointing, growth in the three months […]

  • The IndeX Files 14-07-2020

    Virus Fears & US/China Tensions Create Headwinds For Risk Global equities benchmarks started the week with a bid tone on Monday, with most indices seeing gains initially, before sentiment weakened over the day leading to a reversal into negative territory. Selling has continued this morning at the European open as investors remain caught between the […]

  • Precious Metals Monday 13-07-2020

    Gold The gold market has started the week with fresh buying following some softening into the end of last week. Gold broke out to fresh 2020 highs last week as rising concerns over a potential second wave of the virus, as well as concerns over rising US/China tensions, drove the US Dollar lower and fuelled […]

  • The Investment Bank Outlook 13-07-2020

    RBC Capital Markets Week ahead: Three G10 central banks announce policy this week – the BoJ (Wednesday), BoC (Wednesday) and ECB (Thursday) and the European Council meeting will be another key focus (Friday, see EUR). On the data front, US June retail sales (Thursday) should confirm retail activity continued to rebound in the month, while […]

  • A no deal Brexit consequences

    First of all, a no deal does not mean at all that the UK won’t leave the Euro, but in fact it means that the UK and the EU are still unable to reach an agreement regarding the divorce and this scenario would create uncertainty about what would happen next, so no doubt, this will […]