• Daily Market Outlook, June 30, 2020

    Daily Market Outlook, June 30, 2020  Most Asian equity markets are up this morning following gains yesterday in Europe and the US. China June PMIs beat expectations with manufacturing rising to 50.9 (from 50.6 in May) and non-manufacturing at 54.4 from 53.6. The US has announced retaliatory measures against China’s passing of its Hong Kong […]

  • Precious Metals Monday 29-06-2020

    Gold Gold prices remain near highs at the start of the new weeks as market attention remains fixed on the growing fears of a second wave of COVID-19. Over the weekend, headlines and reports pertaining to rising infection rates in the US have created a weak risk environment on Monday, keeping gold bid just below […]

  • The Investment Bank Outlook 29-06-2020

    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 […]

  • Daily Market Outlook, June 29, 2020 

    Daily Market Outlook, June 29, 2020  A risk off tone dominates market sentiment at the start of the new week, with all major Asian equity indices in the red. This follows the recent rise in regional outbreaks of Covid-19 case increases, particularly in the US, which has led to some states pausing their reopening process. […]

  • IMF Slashes Global Growth Forecasts in 2020 & 2021

    World Growth To Fal By 4.9% The International Monetary Fund updated its global economic projections this week and the report has added to the bearish sentiment which has stifled markets over the last few days. In its latest outlook, the IMF now forecasts the global economy to shrink by 4.9% this year, marking a significant […]

  • The Friday Forex Takeaway – Episode 40

    Key Points from This Week Second Wave Fears Intensify Fears of a fresh outbreak of COVID-19 created a drag on risk sentiment this week. Investors are fearing the potential return of lockdown measures over coming months following reports of renewed increases in the infection rate in the US and China. With travel restrictions due to […]

  • Chart of the Day EURUSD

    Chart of the Day EURUSD EURUSD Potential Reversal Zone – Probable Price Path The market remains focused on the rapidly rising number of new COVID-19 cases in several Southern and Western US states. The Texas Governor announced last night that he would “temporarily pause” plans to further reopen the state’s economy amidst what he termed […]

  • Daily Market Outlook, June 26, 2020 

    Daily Market Outlook, June 26, 2020  Most Asian equity markets are up this morning following gains yesterday in Europe and the US market, although China and Taiwan were closed for holidays.  The US recorded a record number of new Covid-19 cases for a single day, rising in 29 of the 50 states. A draft EU […]

  • The Crude Chronicles – Episode 44

    Weakening Risk Sentiment Subdues Oil Recovery The CFTC COT report for the week through June 15th shows that the net long position saw a reduction of 21, 637 contracts, taking the total position to 546,272 contracts. This latest adjustment in WTI positioning reflects the return of fresh risk factors over recent weeks which have created […]

  • Chart of the Day GBPAUD

    Chart of the Day GBPAUD GBPAUD Potential Reversal Zone – Probable Price Path A trifecta of negative news headlines sees markets adopt a cautious tone – disturbing trends in US COVID19 case numbers, US-EU trade tensions, and another economic downgrade by the IMF. The S&P500 is current down 2½%, following a 2.8% fall in the […]

  • Daily Market Outlook, June 25, 2020

    Daily Market Outlook, June 25, 2020  The Asian equity market is down this morning following big declines yesterday in Europe and the US, although some markets are closed for holidays. Reports link the declines to concerns about a further rise in US Covid-19 cases and the reintroduction of some lockdown measures in a part of […]

  • US Manufacturing Still Soft In June

    June PMIs Underperform Following a strong set of Eurozone and UK manufacturing readings yesterday, which both beat expectations, the US bucked the trend. The flash manufacturing PMI reading for June printed 49.6 which, while it still marked a solid improvement from the prior month’s 39.8 reading, it was below the expected 50 level and means […]

  • Chart of The Day XAUUSD (Gold)

    Chart of the Day XAUUSD (Gold) XAUUSD (Gold) Potential Reversal Zone – Probable Price Path Is the US-China Phase 1 trade deal on or off – that is the question. Markets nearly had a heart attack when White House adviser Peter Navarro said in a Fox News interview that “it’s over”, but this was quickly […]

  • UK Data Recovers Sharply In June

    The British Pound has seen higher levels of demand over the last 24 hours in the wake of a strong set of flash PMI data sets for June. The HIS Markit/Cips data showed a firm rebound in both the factory and services sectors with the manufacturing reading returning to growth for the first time since […]

  • Daily Market Outlook, June 24, 2020

    Daily Market Outlook, June 24, 2020  Sentiment was mixed during the Asian market session. Yesterday’s PMI reports reaffirmed expectations of a global economic recovery at least in the near term. However, reports of rising Covid-19 cases in parts of US, including Texas, Florida and California, weighed on risk appetite. Elsewhere, the Reserve Bank of New […]