• BOJ Follows in Fed’s Footsteps

    New Lending Facility The Bank of Japan announced further measures this week in its fight against deflation in the country. Following in the footsteps of the Fed, at the emergency meeting held over-night, the BOJ announced a new program aimed at boosting lending for small businesses. Along with the new measures the BOJ also announced […]

  • The Friday Forex Takeaway – Episode 35

    Key Points From This Week Trump Steps Up Rhetoric Against China The ongoing tensions between the US and China dominated the early part of the week with Trump stepping up threats against the world’s second-largest economy over its alleged role in the COVID-19 outbreak. Trump has threatened china with the cancellation of the current trade […]

  • US Administration Accused of Risking Workers’ Lives

    Diverging Views It is fair to say that the relationship between the Fed and the US administration has not been a particularly pleasant one over the course of the current presidency. Following Powell’s appointment as Fed chairman, Trump has consistently criticised both the central bank and Powell personally for now acting to ease monetary policy […]

  • The Friday Forex Takeaway – Episode 34

    Key Points from This Week RBNZ Signals Negative Rates Likely The RBNZ increased the size of its QE program at its May monetary policy meeting this week by nearly double from $33 billion to $60 billion. Warning over the continued impact of the global economic downturn the RBNZ also warned that negative rates could be […]

  • Fed’s Powell Rules Out Negative Rates During Dire Economic Warning

    Powell Warns Of Long Road To Recovery Amidst a backdrop of increased expectation that the Federal Reserve might be considering moving into negative territory on rates, Fed chairman Jerome Powell quashed this prospect yesterday. Speaking at the Peterson Institute for International Economics yesterday evening, Powell gave his latest economic outlook and addressed the Fed’s monetary […]

  • The Crude Chronicles -Episode 38

    Oil Recovery Rally Loses Steam The oil market has seen a week of heavily reduced volatility compared with  price movements registered over the prior weeks. In the aftermath of the heavy selling which rocked the market just three weeks ago, WTI has since recovered and traded higher, reversing some of these losses. However, the recovery […]

  • The Investment Bank Outlook – 11-05-2020

    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 […]

  • The Friday Forex Takeaway – Episode 32

    Key Points From This Week BOJ Eases Further With the COIVD-19 crisis keeping many Japanese cities under lock-down, the economy continues to struggle. In a bid to address this, the BOJ took the unprecedented step this week of announcing that its bond purchase scheme will now be run at an unlimited level. Bond purchases were […]

  • USD Sinks On Dovish FOMC & GDP Plunge

    Fed Sounds The Alarm At the April FOMC meeting held yesterday, the Fed held no punches in warning the market over the severity of the economic threat from COVID-19. As per the market’s expectations, in line with the massive, historic moves announced by the fed over the prior month, no further adjustments were made to […]

  • The Crude Chronicles – Episode 36

    Crude Long Positions Building The CFTC COT positioning report showed that large speculators and hedge-funds (non-commercials) increased their positions in WTI last week by 76,511 contracts to a total position of 587,180 contracts. This brings the net long position back up to its highest level in over 18 months despite the recent rout in oil […]

  • Precious Metals Monday 27-04-2020

    Gold Gold prices remain supported just below the 2020 high as we kick off the new week. The key market item this week will be the FOMC meeting on Wednesday. The Fed is not expected to add to its sprawling list of programs at this stage, however, its language and outlook is likely to take […]

  • The IndeX Files 21-04-2020

    Equities Recovery Weakens Equities prices have taken a dip this week as the fundamental backdrop has shifted once again. Following some initial upside momentum in the wake of a wave of actions by G10 central banks the recovery has now stalled with most global indices retracing recent gains this week. In Europe, the industrial lock-downs […]

  • The IndeX Files 14-04-2020

    Equities Recovery Continues Global equities benchmarks are extending their recovery this week with asset markets across the globe trading broadly in the green.  Much of the recovery can be attributed to the large wave of central bank easing which has swept across markets in recent weeks. The Federal Reserve has taken unprecedented steps to help […]

  • Precious Metals Monday 13-04-2020

    Gold The gold market has seen an impressive recovery rally over the last fortnight. Amidst a backdrop of ongoing, historic interventions from the Federal Reserve, gold prices have seen an acceleration in demand as US interest rate and inflation expectations fall through the floor. Along with slashing interest rates to just above zero (record low), […]

  • The Friday Forex Takeaway – Episode 29

    Key Points From This Week Fed Announces New Liquidity Program The Fed announced a further set or surprise measures this week in the form of a $2.3 trillion corporate loan system. The funding has been made available to the Fed via the emergency coronavirus package approved by US congress last month and will aim to […]