• Precious Metals Monday 30-09-2019

    Gold The price of gold has been devalued over recent sessions as we have seen an alteration to the outlook for US rates. The Fed cut its headline rate by a further 25 basis points at the recent September FOMC meeting. However, the market had been expecting the signal that further rate cuts would be […]

  • Daily Market Outlook, September 30, 2019

    Daily Market Outlook, September 30, 2019  Main Market Themes US stocks sustained losses on Friday as investors were slammed with news that the White House mulled limiting US investment in China via such option as delisting Chinese companies from US stock exchanges, heightening the risk of another trade-war escalation.  Adding to the deteriorating trade optimism […]

  • FTSE Rallies On UK Rate Cut Chatter

    BOE Sounding Dovish UK asset prices received a boost late in the week as Michael Saunders of the Bank of England’s Monetary Policy Committee warned that the BOE could be forced to cut rates following Brexit, pushing GBP lower. Speaking during a conference, Saunders said: “If the UK avoids a no-deal Brexit, monetary policy also […]

  • Trade of The Day – CADJPY

    Trade of The Day – CADJPY CAD: has been reluctant to rally in the face of more supportive developments (narrower spreads, better economic data, firmer crude prices) in recent weeks and now looks reluctant to fall in the face of a broadly firm/firmer USD. Tighter USD liquidity over month/quarter end is evident in the short-term […]

  • The Friday Forex Takeaway – Episode 2

    Key Points from This Week Over the week, GBP has been the weakest performing G10 currency, dragged down by continued Brexit uncertainty and a tumultuous domestic political landscape. On the other hand, JPY was the strongest performer over the week in which most currencies lost against USD. UK Supreme Court Ruled Against Johnson UK Supreme […]

  • Daily Market Outlook, September 27, 2019

    Daily Market Outlook, September 27, 2019  Main Market Themes The financial markets saw a roller-coaster day yesterday, torn between US political noise and trade headlines.  US stocks dropped modestly overnight in reaction to ongoing US political drama as a whistleblower report exposed President Trump’s attempt to seek Ukrainian help to intervene in the 2020 General […]

  • The Crude Chronicles – Episode 6

    Benchmark WTI crude prices have depreciated this week, falling nearly $5 on rising US inventory levels as well as the resurfacing of concerns about US-Sino relations. Trade War Comments Raise Concerns Speaking on the side-lines of the UN general assembly, US Secretary of State Mike Pompeo told the audience that the US had decided to […]

  • Key Takeaways From Trump’s UN Speech

    China & Iran In The Firing Line Despite the next round of trade talks being just under two weeks away, President Trump didn’t shy away from attacking his long-term rivals during his speech to the UN this week. Commenting on issues which he has long campaigned against during his presidency, Trump told the audience: “Not […]

  • Trade of The Day

    Trade of the Day BUY USDCHF 0.9940 STOP 0.9900 TARGET 1.0060(RISK 0.50%, trade valid until 5pm EST) USD: The Dollar, supported by its reserve currency/safe havens status firmed up against its major counterparts alongside higher bond yields, the Dollar index rose 0.7% to 99.037, its largest gain in nearly three months. The dollar is expected […]

  • Daily Market Outlook, September 26, 2019

    Daily Market Outlook, September 26, 2019 Main Market Themes US stocks recovered overnight as investors looked past impeachment risk and focused on the possibility of a US-China trade deal instead. President Trump now said that a trade deal with China could happen sooner than later, just one day after delivering an attack on a China […]

  • Brexit Update: UK Parliament Returns Following Supreme Court Verdict

    Government Loses Against Supreme Court UK Supreme Court judges this week returned their verdict over last week’s hearing regarding the legality of UK PM Johnson having prorogued parliament for five weeks. The outcome has taken the market, as well as political commentators, by surprise with all 11 judges ruling that Johnson acted illegally. Further to […]

  • RBNZ Holds Rates But Still Room For Further Easing

    Rates Held At Record Lows With the RBNZ having unexpectedly cut rates by .50% at its last meeting, there was a lingering sense of caution coming into yesterday’s meeting. While the bank was not expected to cut rates again, there was certainly the sense that the market was not looking to be caught off guard […]

  • Trade of The Day

    Trade of the Day BUY AUDUSD 0.6811 STOP 0.6741 TARGET 0.6973 (RISK 0.50%) AUD: Speaking in the NSW Northern Tablelands town of Armidale on Tuesday night, Reserve Bank of Australia (RBA) Governor Phillip Lowe said even though the national economy was now at a “gentle turning point”, there were still local and international risks and […]

  • Daily Market Outlook, September 25, 2019

    Daily Market Outlook, September 25, 2019 Main Market Themes US stocks and treasuries yields fell overnight as risk-off mode plagued markets following US House Speaker Nancy Pelosi’s announcement of an inquiry to impeach President Donald Trump.  Trump lambasted China at the UN General Assembly, and investors were concerned that this could derail current US-China trade […]

  • German Recession Fears Growing

    German Data Drops Again The latest data out of Germany this week has heightened fears over the Eurozone’s largest economy heading for a technical recession. Data released yesterday by IHS Markit showed weakness across all German PMI readings. The worst of the readings for the German economy was the September manufacturing PMI which printed just […]