• BOC Warns Of Sharpest Ever Downturn

    Asset Purchases Expanded The Bank of Canada yesterday followed in the footsteps of the Fed as it announced details of an increase in its biggest ever asset purchases program. The BOC details expansions to its current purchases which will now include $35 billion in provincial bonds, and $7 million in corporate grade bonds. The BOC […]

  • The Crude Chronicles – Episode 34

    Oil Hits Fresh Lows It’s been a frustrating week for oil bulls. Following the mild decline seen from last week’s highs, losses have been extended this week with price trading down to fresh 2020 lows as news of a massive over-supply has dampened trader sentiment and fuelled further speculative selling. Oil price had been higher […]

  • Chart of the Day AUDJPY

    Chart of the Day AUDJPY AUDJPY – Probable Price Path US equities declined sharply on Wednesday as dismal economic data and weak bank earnings fueled concerns over the COVID-19’s impact on the US economy. Yields on US Treasuries fell across the board on Wednesday as risk aversion flared up again. The yield curve flattened Wednesday, […]

  • Daily Market Outlook, April 16, 2020

    Daily Market Outlook, April 16, 2020  The Asian equity market is mostly down this morning following a fall yesterday on Wall Street. The declines followed very weak US economic data for March and April (including big falls in retail sales and industrial production). The number of confirmed global coronavirus cases is approaching 2.1 million. However, […]

  • Will US/China Relations Survive COVID-19 Crisis?

    US/China Relations In Focus With the COVID-19 crisis commanding the attention of governments around the globe, the trade negotiations between the US and China have been put on the back-burner for now. In some respects, the emergence of a global health crisis has shone a light on how petty and unnecessary the two-year trade stand-off […]

  • Chart of the Day USTec (Nasdaq)

    Chart of the Day USTEC (Nasdaq) USTEC (Nasdaq)  – Probable Price Paths The Great Lockdown Recession as the IMF titled it will see the global economy contract by 3% this year, led by the US (-5.9%) and Europe (-7.5%) while India (1.9%) and China (1.2%) brought up the rear. US equities still remained buoyant overnight […]

  • Trump Cancels WHO Funding Over China Claims

    Over a Presidency which has been headlined by controversy and scandal, Trump has once again thrust himself into the limelight for all the wrong reasons. Just a couple of months after his impeachment acquittal, Trump has made headlines this week firstly for a heated televised press conference in which he openly attacked and insulted members […]

  • Daily Market Outlook, April 15, 2020

    Daily Market Outlook, April 15, 2020  More cautious market sentiment prevailed in Asia, with mixed equity markets ahead of further US earnings announcements later today. The IMF yesterday said the global recession will be the worst since the Great Depression. China’s central bank cut interest rates and added liquidity into the financial system. President Trump […]

  • China Trade Recovers But GDP Risks Remain

    Trade Data Improves The latest trade data out of China has given a further signal that the world’s second largest economy is starting to recover. Following the two months of shut-downs in China, restrictions have started to be lifted over recent weeks, allowing for a pick-up in economic activity. Notably, last month we saw the […]

  • Chart of the Day AUDUSD

    Chart of the Day AUDUSD AUDUSD – Probable Price Paths Broad USD was slightly mixed overnight, with the greenback softening against both the cyclicals, led by the AUD (supported risk sentiment, firm commodity complex), and the JPY. However, the EUR lost further traction against the USD.  It is important to note two separate episodes in […]

  • 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 […]

  • Daily Market Outlook, April 14, 2020

    Daily Market Outlook, April 14, 2020 At the start of a busy period for quarterly earnings reports, the Asian equity market has climbed higher this morning, while futures contracts point to increases at the start of the European session. This follows some better-than-expected March trade data out of China, which showed exports in yuan terms […]

  • Chart of the Day USDCHF

    Chart of the Day USDCHF USDCHF – Probable Price Paths US equity markets were closed last Friday in observance of Good Friday. However, US stock futures were lower on early Monday (13-Apr) Asian trade after OPEC and other oil-producing countries reached a deal on a massive production cut while investors digested the outlook on the […]

  • 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), […]

  • Daily Market Outlook, April 13, 2020

    Daily Market Outlook, April 13, 2020  Before the long Easter weekend, the US benchmark market, the S&P500 closed at +1.45% on Thursday, aided by investor hopes that US and European Covid-19 infections may be reaching a turning point soon and drug experiments were promising. That said, US’ Covid-19 fatalities crossed 20,500, basically overtaking Italy, even […]