• Precious Metals Monday 20-07-2020

    Gold Gold prices have started the week in a rather subdued fashion with the safe haven metal remaining within the shallow range of consolidation which has persisted over the course of the last week. The gold market has been well supported over recent weeks amidst an uptick in fears over a potential second wave of […]

  • Daily Market Outlook, July 20, 2020

    Daily Market Outlook, July 20, 2020  Global equities have begun the week in mixed fashion as a number of conflicting forces continued to affect market sentiment. EU-27 leaders continued their efforts over the weekend to agree on a Covid-19 stimulus rescue package worth around €750bn. The main difference has come over how much of the […]

  • Daily Market Outlook, July 17, 2020

    Daily Market Outlook, July 17, 2020  Market sentiment was mixed during the Asian trading session, weighed in part by ongoing pandemic concerns including record numbers of fatalities reported in Florida and Texas as well as more than 2 million cases in Brazil. Comments from US Federal Reserve policymakers were also cautious, including Atlanta Fed President […]

  • Chart of the Day CADJPY

    Chart of the Day CADJPY CADJPY Potential Reversal Zone – Probable Price Path While US equities chop around recent highs, Chinese equities have been hit hard overnight, extending this week’s reversal and down ~7% from Monday’s peak. This comes despite a strong 11.5% rebound in Q2 GDP following the Q1 drop. However, while the June […]

  • Daily Market Outlook, July 16, 2020 

    Daily Market Outlook, July 16, 2020  Asian equity market is down this morning despite yesterday’s rises in Europe and the US, which seemed to be driven by hopes of progress on Covid-19 vaccines. China posted a strong 11.5% rebound in Q2 GDP following the Q1 drop. However, June data while showing a 4.8%y/y rise in […]

  • Chart of the Day NZDCAD

    Chart of the Day NZDCAD NZDCAD Potential Reversal Zone – Probable Price Path The market is looking forward to further progress in coronavirus vaccine research. The tug-of-war continues with global risk appetite surging amid the start of US earnings season despite rising Covid-19 cases, especially in Florida. US banks reported a mixed bag of earnings […]

  • BOJ Lowers Growth Forecasts & Warns of Downside Risks

    Policy on Hold But Forecasts Cut At the Bank of Japan’s July rate setting meeting, held overnight, the BOJ kept its monetary policy on hold at current levels via an 8-1 vote. However, with downward revisions to its growth forecasts and warnings of downside risks to the economy, the meeting struck a decidedly bearish tone. […]

  • UK/China Rift Growing As UK Bans Huawei

    UK & China Clash Over Hong Kong Tensions between the UK and China have emerged as a fresh risk factor in recent weeks. The UK has refrained from having any direct spats with China over recent years while the US has continuously locked horns with the world’s second largest economy. However, in light of recent […]

  • Recovery in Doubt As UK Growth Seen Well Below Estimates In May

    UK GDP Very Weak in May The latest economic data released on Monday showed that UK GDP bounced back in May, following a 20.3% contraction in April. However, at just 1.8% growth on the month, the rebound was well below the 5.5% growth forecast. While the monthly reading was disappointing, growth in the three months […]

  • Daily Market Outlook, July 15, 2020 

    Daily Market Outlook, July 15, 2020  Asian stocks were mostly higher on vaccine optimism following reports of a positive trial by Moderna Inc. Chinese and Hong Kong equities underperformed, however, on rising US-China tensions. Separately, the Bank of Japan left policy settings unchanged, including leaving interest rates at -0.1%, the 10yr yield target at 0% […]

  • The IndeX Files 14-07-2020

    Virus Fears & US/China Tensions Create Headwinds For Risk Global equities benchmarks started the week with a bid tone on Monday, with most indices seeing gains initially, before sentiment weakened over the day leading to a reversal into negative territory. Selling has continued this morning at the European open as investors remain caught between the […]

  • Chart of The Day NZDUSD

    Chart of the Day NZDUSD NZDUSD Potential Reversal Zone – Probable Price Path US stocks broadly closed Monday’s session on a lower note after an early rally waned in response to California’s decision to roll back on reopening amid surging Covid-19 cases. Cases continued to rise in the US and worldwide; the WHO said that […]

  • Daily Market Outlook, July 14, 2020 

    Daily Market Outlook, July 14, 2020  Asian equity market is generally lower today following the decline yesterday on Wall Street. US-China political tensions and the rise in Covid-19 cases have been cited as possible reasons. German Chancellor Merkel and Italian PM Conte have called for EU unity on an economic stimulus package. In Australia, June NAB business […]

  • Chart of the Day GBPUSD

    Chart of the Day GBPUSD GBPUSD Potential Reversal Zone – Probable Price Path There are still signs of deterioration in the US epidemic. Some pharmaceutical companies claim that their production of drugs can help reduce the death rate of coronaviruses, and the market’s risk-taking intentions have rebounded slightly. The US dollar index erased up to […]

  • Precious Metals Monday 13-07-2020

    Gold The gold market has started the week with fresh buying following some softening into the end of last week. Gold broke out to fresh 2020 highs last week as rising concerns over a potential second wave of the virus, as well as concerns over rising US/China tensions, drove the US Dollar lower and fuelled […]