• Daily Market Outlook, December 3, 2019 

    Daily Market Outlook, December 3, 2019  Main Market Themes US stocks plunged overnight on weaker than expected ISM manufacturing data and continuous trade uncertainties. The key manufacturing gauge recorded its sub-50 reading four months in a row, a contraction in factory activities that weighs on growth outlook while construction spending fell for two straight months.  […]

  • The Crude Chronicles – Episode 18

    Trade Deal & Brexit Optimism Supporting WTI The CFTC COT report showed that net long positions in crude increased by 67,504 contracts last. The total position in WTI crude now stands at 495,539 contracts. This latest increase in upside exposure in WTI crude reflects the optimism and relief among investors in the wake of OPEC+ […]

  • Chart of the Day USDCHF

    Chart of the Day USDCHF USDCHF – Probable Price Paths Global risk sentiments remained cautious overnight even as New York saw a third consecutive day of slowing Covid-19 infections and several European nations plan to ease Covid-19 restrictions, albeit UK PM Johnson remained in intensive care. The S&P500 erased earlier gains and slipped 0.16% overnight […]

  • Chart of the Day – GBPCHF

    Chart of the Day – GBPCHF Bearish GBPCHF: GBP: Brexit remains on the forefront, following a series of votes on Tuesday that were critical in the Brexit proceedings. GBP had swung wildly on Tuesday, initially ticking modestly higher after the first of two votes, where UK PM Boris Johnson received parliamentary majority – passing 329 […]

  • Chart of The Day EURJPY

    Chart of the Day EURJPY EURJPY Bullish – Probable Price Path The Fed has essentially put further policy adjustments on hold as it shifts toward monitoring conditions. During this phase, Fed Chair Jerome Powell made clear the limits on further Fed policy actions but noted the FOMC’s preparedness, if not the likelihood, that it will […]

  • Trade of the Day Adding To EURUSD Longs

    Trade of the Day Adding To EURUSD Longs BUY EURUSD 1.0945  STOP 1.0880 TARGET 1.11  (Risk 0.50%, trade valid until 5PM EST) EUR: The Eurozone’s manufacturing PMI printed at 45.7 in September, the lowest since October 2012, as new orders and output slipped further. In particular, the German manufacturing PMI also retreated to 41.7, the […]

  • Chart of The Year USD, EUR

    Pivotal Test For King Dollar and the Euro A picture speaks a thousand words! 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 text belong solely to the author, and not to the author’s employer, organization, committee or other […]

  • The IndeX Files 21-01-2020

    Buy The Rumour, Sell The Fact? Global equities benchmarks are trading just off their recent highs this week with North American, Asian and European indices all in the red. The moves is likely down to a “buy the rumour, sell the fact dynamic which is playing out on the back of the US and China […]

  • Chart of the Day Bearish USDJPY

    Chart of the Day Bearish USDJPY Bearish USDJPY – USD: Dismal US ISM manufacturing PMI raised questions on outlook: The ISM Manufacturing Index fell to 48.1 in November (Oct: 48.3) to mark its fourth consecutive sub-50 reading that signaled an ongoing contraction in the American manufacturing sector, raising a renewed worries over US growth outlook […]

  • Chart of the Day Bearish USD

    Chart of the Day Bearish USD Bearish USD: The Federal Reserve cut the Fed Funds Rate target range by 25 bps from 1.75- 2% to 1.5-1.75% as widely expected, marking its third reduction in its benchmark rate this year. There was little change in the FOMC statement, but the Fed removed its language of “to […]

  • US-Iran Tensions Erupt: Market Impact

      US Kills Top Iranian General Global investor risk appetite was shaken last week on reports that the US had killed a top Iranian general during a drone strike carried out in Baghdad on Friday. Qassem Soleimani, a top Iranian general was confirmed to have been killed during the drone strike. Risk assets across the […]

  • Chart of The Day GBPUSD

    Chart of the Day GBPUSD GBPUSD Frustrating Bulls & Bears, Clarity Coming Markets are attempting to stabilise again, after the US Fed threw in a surprise inter-meeting 50bps rate cut yesterday, while Joe Biden made a surprise comeback on Super Tuesday in the race to be the Democratic nominee for November’s Presidential election. US equities […]

  • Worst Performing Currencies 2019

    Australian Dollar -4.63% At just short of 5% down on the year against USD, the Australian Dollar takes home the crown for worst performing currency in the G10 space. Over the course of the year, the Australian Dollar was hard hit by the breakdown in US-Sino trade talks which put a great deal of pressure […]

  • The IndeX Files 14-01-2020

    Attention Turning Back Towards US-Sino Trade Deal Global benchmark equities indices have seen a pause in their recent upward trajectory though are consolidating near highs, suggesting a continuation higher is coming. The most notable themes for asset markets currently are those of reduced geopolitical risks linked to US-Iran tensions as well as the favourable backdrop […]

  • The Crude Chronicles – Episode 20

    WTI Caught Between US-Iran Tensions & US-China Trade Deal The CFTC COT position report showed that last week, investors increased their upside positions in WTI by a further 4,780 contracts, taking the total position to 554,857 contracts. The recent increase in WTI positioning reflects the better expectations around US-Sino trade relations. Trump announced that the […]