• The Friday Forex Takeaway – Episode 37

    Key Points from This Week US Civil Unrest Intensifies Black Lives Matter protests, which sprung up in the wake of the killing of unarmed, black-American George Floyd last week, have raged for 10 nights now. Sprawling across more than 141 cities the protests have been met with a highly aggressive response from the police force […]

  • 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 Investment Bank Outlook 27-04-2020

    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 31

    Key Points from This Week Oil Turned Negative As the COVID crisis continues, the oil market this week gave the clearest indication of the economic damage being caused. Dropping over 100% on Monday as futures traders scrambled to roll their May contracts (due for expiry on Tuesday) into the front month, oil prices collapsed below […]

  • The Friday Forex Takeaway – Episode 25

    Key Points From This Week Bank of England Cuts Rates The BOE became the latest central bank in the G10 space to lower its rates this week. Echoing the Fed, the BOE announced a surprise rate cut of 0.5% midweek in response to the ballooning COVID-19 situation. With the UK very shortly to go into […]

  • Surprise Rate Cut From Fed – More To Come?

    Fed Cuts Rates by 0.5% In a worrying display of serious the threat of COVID-19 is to the global economy, the US Federal Reserve took the historic step yesterday of announcing an unscheduled rate cut. The Fed announced a surprise .50% rate cut, the first-time rates have been cut outside of the FOMC since December […]

  • Data & Virus Damage Hurting The Dollar

    US Dollar Losing Steam? Over the final month of 2019 and the first month of 2020, the Dollar Index enjoyed a three-figure rally. The push higher was fuelled mainly a string of better-than-expected economic releases. With ISM manufacturing and non-manufacturing readings surprising to the upside last month, along with strong NFP readings and better survey […]

  • Precious Metals Monday 24-02-2020

    Gold Gold prices broke out to fresh highs last week, trading up to over 1604 an ounce, a price not traded since early 2013. Gold received a fresh burst of safe haven demand last week as news of a rising COVID-19 death toll in Europe rocked investor appetite. Italy reported a spike in the number […]

  • The Friday Forex Takeaway – Episode 22

    Key points From This Week FOMC Meeting Minutes – Cautious Optimism The minutes from the first FOMC meeting of the year saw the Fed striking an optimistic tone. Policymakers agreed that the economic trajectory in the US was in good enough health to keep rates on hold and, with a continued moderate expansion forecast, this […]

  • How Worried Is The Fed About Coronavirus?

    The release of the January FOMC meeting minutes last night helped keep the current Dollar rally on course with policymakers noting that they expected a continued moderate economic expansion. Inline with this view, the minutes noted that the current monetary policy stance will likely remain appropriate “for a time”. Key Quotes from The Minutes “Policymakers […]

  • Precious Metals Monday 03-02-2020

    Gold The gold market has seen steady demand in recent trading as rising global uncertainty linked to the corona-virus outbreak continues to drive flight-to-safety among investors. Last week, the virus was confirmed to have spread to both the US and the UK with the number of deaths attributed to the virus almost reaching the 200 […]

  • The Friday Forex Takeaway – Episode 19

    Key Points This Week Corona-virus Spread Intensifies The corona-virus outbreak, which began in China around a fortnight ago, has continued to spread this week with cases now confirmed in the US and on mainland Europe. So far, nearly 200 people have died from the virus which has infected around 8000 people (confirmed). The World Health […]