• Iran Satellite Launch Raises Risks

    Following a flaring up of tensions between the US and Iran over the last two weeks, rhetoric seems to have calmed down a little this week, which has been a boost for risk markets. Last week, the prospect of conflict between the two nations spiked higher amidst increasingly aggressive rhetoric between the two nations. A […]

  • Are US & Iran On The Brink of War Again?

    Tensions Rise Again While the majority of the world’s attention has rightfully been on the ongoing COVID-19 crisis, which continued to have a devastating human and economic cost, there are some other factors beginning to rear their head which warrant trader attention. Over the week, we have seen an uptick in confrontational rhetoric between the […]

  • 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 […]

  • Market Cheers Trump’s Impeachment Acquittal

    Trump Retains Presidency The historic impeachment trial against Donald Trump, only the third of its kind to be brought against a US president, concluded yesterday with the president being acquitted on both articles. Such an outcome, while disappointing for some, is not a shock given that the Senate is controlled by Trump’s Republican party, meaning […]

  • The Crude Chronicles – Episode 23

    Corona-Virus Driving WTI Lower The CFTC COT positioning report showed that net long positions in WTI benchmarks were reduced by 9,744 contracts last week, taking the total position to 520,568 contracts. WTI prices have seen concentrated selling over the last three – four weeks as a number of factors have fuelled a shift in perspective […]

  • The Crude Chronicles – Episode 22

    Crude Caught Between Opposing Market Pressures The CFTC COT positioning report showed that, last week, investors reduced their net long positions in WTI crude by 36,960 contracts, taking the total position to 530,312 contracts. The reduction in upside exposure was likely down to a spate of profit-taking as WTI continued to fall back following the […]

  • Precious Metals Monday 20-01-2020

    Gold The gold market has given conflicting signals over recent weeks. Following a breakout to highs of 1611.39, not seen since early 2012, market reversed heavily over last week, trading lows of 1536, before reversing higher. The root of the fluctuations in the gold market has been the shifting situation with regard to the recent […]

  • The Crude Chronicles – Episode 21

    WTI Under Pressure The CFTC COT positioning report showed that net length in US WTI positions rose by 12,415 contracts to 567,272 contracts in the week ending January 7th. The rise in WTI upside exposure came amidst a backdrop of heightened tensions between the US and Iran which many feared would boil over into a […]

  • The IndeX Files 14-01-2020

    Attention Turning Back Towards US-Sino Trade Deal Global benchmark equities indices have seen a pause in their recent upward trajectory though are consolidating near highs, suggesting a continuation higher is coming. The most notable themes for asset markets currently are those of reduced geopolitical risks linked to US-Iran tensions as well as the favourable backdrop […]

  • Precious Metals Monday 13-01-2020

    Gold With tensions between the US and Iran having dissipated over recent sessions, the new week has commenced with a firmly risk-on tone, seeing reduced safe-haven demand for gold.  The market is now focusing on the US-Sino trade deal which is due to be signed on Thursday in Washington. Following the signing of the deal, […]

  • The Friday Forex Takeaway – Episode 16

    Key Points From This Week US – Iran Tensions Subside The week started off in bad shape with risk markets selling off as tensions between the US and Iran escalated. During speeches made during a day of mourning for slain Iranian general Soleimani, Iranian leaders vowed to take revenge on the US. Late on Tuesday […]

  • The Crude Chronicles – Episode 20

    WTI Caught Between US-Iran Tensions & US-China Trade Deal The CFTC COT position report showed that last week, investors increased their upside positions in WTI by a further 4,780 contracts, taking the total position to 554,857 contracts. The recent increase in WTI positioning reflects the better expectations around US-Sino trade relations. Trump announced that the […]

  • US-Iran Tensions Erupt: Market Impact

      US Kills Top Iranian General Global investor risk appetite was shaken last week on reports that the US had killed a top Iranian general during a drone strike carried out in Baghdad on Friday. Qassem Soleimani, a top Iranian general was confirmed to have been killed during the drone strike. Risk assets across the […]

  • The IndeX Files 07-01-2020

    US-Iran Fears Offset US-Sino Trade Deal Hopes Over recent sessions, the global equities landscape has been dominated by news-flow around US/Iranian tensions. America’s killing of top Iranian general Soleimani last week has sparked a worrying reaction from Iran which has vowed to avenge Soleimani’s death with the blood of American’s. Equities were heavily lower on […]

  • Precious Metals Monday 06-01-2020

    Gold The near-term outlook for gold looks tilted towards higher prices in light of the worrying news last week of an escalation in tensions between the US and Iran. Following a much calmer period of relations between the two countries since last summer’s standoff over Iranian attacks on oil tankers in the Strait of Hormuz, […]