• Chart of the Day EURUSD

    Chart of the Day EURUSD EURUSD Potential Range Break – Probable Price Path Broad-based dollar selling boosted EURUSD. A Reuters exclusive reported that the ECB is drafting contingency plans should Germany’s Bundesbank quit the bond-buying program. That report drove investors into the Euro. EUR/USD rallied above 1.0980 while EURJPY climbed towards 118.20. European government bond […]

  • Daily Market Outlook, May 27, 2020 

    Daily Market Outlook, May 27, 2020  The Asian equity market was more mixed overnight with China and Hong Kong leading the declines. That follows reports that the US is considering a range of sanctions against China for its proposed new national security legislation to rein in dissent in Hong Kong. President Trump promised a “very […]

  • COVID-19 Vaccine Hopes Increasing

    Just one month on from countries across the globe suffering COVID-19 deaths in the high hundreds and still facing weeks of lockdowns, the landscape has shifted dramatically. Around the world now, countries are coming out of lockdown and beginning to return to some sense of normality. With infection rates and death tolls dropping steadily across […]

  • The IndeX Files 26-05-2020

    Vaccine Hopes Boosting Risk Sentiment Global equities benchmarks are trading with renewed upside momentum this week amidst a broad improvement in risk sentiment. Investor appetite is returning as the global COVID-19 deaths continue to decline, suggesting that hopefully the worst of the virus is now passing. Sentiment has been further boosted this week by news […]

  • Chart of the Day AUDUSD

    Chart of the Day AUDUSD AUDUSD Equality Objective & Momentum Divergence – Probable Price Path S&P Emini futures traded to 3015 this morning in Asia as risk assets are in strong demand. Hopes of an economic recovery resulting from an easing of coronavirus lockdowns and other restrictions are crowding out concerns of an escalation in […]

  • Daily Market Outlook, May 26, 2020 

    Daily Market Outlook, May 26, 2020  A positive risk tone has continued through the Asian market session leading to further gains in equities. In particular, Japanese stocks are up by over 2%, supported by the country exiting its state of emergency and PM Abe’s announcement of a second budget aimed at providing further fiscal stimulus. […]

  • Eurozone Data Improving But ECB Concerns Remain

    Economy Begins To Bounce Back Eurozone recovery hopes continue to blossom this week. Following last week’s release of better than expected flash manufacturing data for the both the Eurozone and Germany, the German Ifo index released this morning also came in above expectations. The reading, which is the country’s primary leading indicator saw a firm […]

  • Precious Metals Monday 25-05-2020

    Gold Gold prices have seen renewed selling pressure over recent sessions following the breakout to fresh highs on the year last week which quickly reversed. The move above the 1747.15 level came with plenty of divergence on momentum studies and was short lived as both equities and the US dollar continue to see support, sapping […]

  • Chart of the Day USDSGD

    Chart of the Day USDSGD USDSGD Key Weekly Reversal – Probable Price Path US stocks had a rather indecisive week, experiencing abrupt swings but thus far still hold on to gains as of Thursday. Stocks had gotten a fresh boost at the start of the week after Moderna, a biotech company said that its preliminary […]

  • Daily Market Outlook, May 25, 2020 

    Daily Market Outlook, May 25, 2020  US-China tensions remain elevated, with China’s decision to press ahead with new national security laws for Hong Kong drawing condemnation from US politicians from both parties and raising the risk of US sanctions. Hong Kong’s Hang Seng equity market fell 5.6% on Friday, its biggest one-day fall since 2015, […]

  • Weekly Market Outlook 25-05-20

    In this Weekly Market Outlook 25-05-20, our analyst looks into the trading week ahead, possible market moving data releases across the globe and the technical analysis to accompany it!  Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the […]

  • 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 […]

  • Daily Market Outlook, May 22, 2020 

    Daily Market Outlook, May 22, 2020  Market risk sentiment turned lower during the Asian trading session, with the Hang Seng index hit particularly hard, falling more than 5%. That followed comments by China’s Premier Li that new national security legislation to rein in dissent in Hong Kong is planned, which could also further heighten US-China […]

  • 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 […]

  • Manufacturing PMIs Recovering in May

    Eurzozone Factory Activity Rebounding On the back of the heavy downtrend in data seen over the last two months, there are finally some positive signs emerging in the Eurozone. The flash manufacturing PMI for May rose to 39.5 from the prior month’s record low of 33. The reading, which was also higher than the 38 […]