• Pressure Mounts on UK PM To Extend Transition Phase Deadline

    EU/UK Trade Talks Fall From Spotlight With the COVID-19 crisis raging, the trade negotiations between the EU and the UK have understandably taken a back seat in terms of urgency. With the talks due to have started in February, but so far only seeing the initial statements from both sets of leaders, there are questions […]

  • Chart of the Day US500 (S&P500)

    Chart of the Day US500 (S&P500) US500 (S&P500) Seasonals add support to another corrective swing higher US president Trump warned that it’s “going to be a painful two weeks” as New York deaths from Covid-19 exceeded 1000 (overtaking China’s Hubei province) and White House health official Birx tipped that up to 200,000 Americans may die […]

  • Daily Market Outlook, April 1, 2020

    Daily Market Outlook, April 1, 2020  The US market gave up intraday gains to end lower on Tuesday, as market participants wrapped up a historic quarter sparked by the COVID-19 pandemic. Despite the weaker closing, the CBOE volatility Index (VIX) or “fear index” eased lower to 53.54 (from 57.08 previously). Yields on US Treasuries fell, […]

  • China Manuafcturing PMI Rebounds Strongly in March

    Data released overnight caught the market by surprise as the Chinese manufacturing PMI came in stronger than expected in March at 52 versus analyst expectations for a reading of 45. With the outbreak of COVID-19 leading to nationwide shutdowns, the manufacturing sector had fallen to an all time low of 35.7 over the prior month. […]

  • The IndeX Files – 31-03-2020

    Central Bank Easing Supports Markets Global equities benchmarks have seen broad buying across recent sessions with many indices still holding near the top of last week’s rally. Investors finally found some comfort in the vast swathe of central bank easing announced over March, allowing equities prices to recover some of the steep losses suffered over […]

  • Chart of the Day NZDJPY

    Chart of the Day NZDJPY NZDJPY Running Out Of Steam The broad USD steadied after consecutive days of decline, with the DXY index back above the 99.00 mark. The greenback saw gains against the EUR complex, with the EUR retreating back towards the 1.1000 handle, and the GBP below 1.2400. CAD underperformed across the board […]

  • Daily Market Outlook, March 31, 2020

    Daily Market Outlook, March 31, 2020  The Asian market is generally up this morning. However, the gains are relatively modest despite a sizeable rise on Wall Street yesterday and better than expected PMI data from China overnight. Meanwhile, crude oil prices remained under pressure with Brent crude hovering around $23bbl (close to a 20-year low).  […]

  • Precious Metals Monday 30-03-2020

    Gold The gold market saw a dramatic recovery last week, with price rallying almost 11% on the week. Price has now recovered more than 13% off the 2020 lows. Last week marked a shift in investor sentiment as asset price began recovering in the wake of the latest central bank easing announced last week. The […]

  • The Investment Bank Outlook 30-03-2020

    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 […]

  • Chart of the Day EURUSD, GBPUSD, USDCAD

    Chart of the Day EURUSD, GBPUSD, USDCAD USD Weekly Key Reversal US equities suffered a late-Friday plunge to close 3.4%. On a weekly basis, however, it posted a 10% uptick, which is the biggest gain since 2009. Oil price remains in the doldrums, however, with WTI down 4.8% on Friday to trade at $21.5bbl. American […]

  • Daily Market Outlook, March 30, 2020

    Daily Market Outlook, March 30, 2020  The global financial market has started the week on the back foot as concerns over a prolonged fight against the coronavirus continues to weigh on sentiment. Most Asian equity markets are down this morning, albeit they are off their lows following China’s central bank’s decision to cut the interest […]

  • Weekly Market Outlook 30-03-20

    In this Weekly Market Outlook 23-03-20, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it!  Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the […]

  • BOE Warns of UK Recession Over COVID-19

    The Bank of England maintaining policy at current levels at yesterday’s March meeting. On the back of two unscheduled rate cuts this month, as well as the restarting of QE, the meeting was not expected to see a further adjustment and instead, focus was on the bank’s assessment and outlook. BOE Expresses Concern For Economy […]

  • The Friday Forex Takeaway – Episode 27

    Key Points From This Week Fed Announces Uncapped QE Program The Federal Reserve stepped up its fight against the economic threat from COVID-19 this week. Following recently cutting rates to record lows of 0.25% and announcing a $750 billion QE program, the Fed announced this week that it will now be running unlimited QE. This […]

  • Chart of the Day US500 (S&P500)

    US500 (S&P500) Corrective Cycle Considerations News that the US Senate has approved the USD2tn stimulus package – that was in limbo for a while due to partisan disagreements – bolstered market sentiment overnight with the S&P500 posting a 17% three day gain. The bill is now in the House for reconciliation, with a vote set […]