• Precious Metals Monday 09-12-2019

    Gold The congestion in gold prices over recent weeks reflects the lack of clarity on the main factors impacting the gold market. US-Sino trade relations, as well as the outlook for the US Dollar continue to be the key themes to note for metals traders though investors have struggled to establish a strong bias in […]

  • The IndeX Files 03-12-2019

    Markets Reverse on Trade Deal Uncertainty Global equities benchmarks suffered a severe shift in sentiment this week with asset markets selling off on rising fears over the health of US-Sino trade talks. Late last week, it was reported that the US administration approved a bill supporting the rights of the Hong Kong protestors. The situation […]

  • The IndeX Files 19-11-2019

    US-Sino Trade Deal Hopes Keep Markets Supported Though momentum has weakened recently, global equities benchmarks continue to trade higher this week as optimism over a potential US-Sino trade deal is keeping sentiment positive. Negotiators from both the US and China held further talks over the weekend aimed at keeping things moving. Following the cancelling of […]

  • Precious Metals Monday 18-11-2019

    Gold Precious metals begin the week under offer as gains in benchmark equities indices have seen reduced safe haven inflows. Optimism around the prospect of a US-Sino trade deal is keeping investor risk appetite well supported at the start of the new week. Over the weekend, negotiators held further talks in lieu of signing a […]

  • Precious Metals Monday 11-11-2019

    Gold The outlook for precious metals is evolving in light of the changing expectations for the path of the US dollar. Although the Federal Reserve pressed ahead with a further rate cut at its most recent meeting, Chairman Powell explained that the central bank would now be sitting on its hands while it assesses the […]

  • The IndeX Files 05-11-2019

    Fresh Highs For Global Indices Global benchmark equity indices are continuing to trend higher this week on the ongoing support from easier monetary conditions in the US and rising expectations of an imminent US-Sino trade deal. The October FOMC last week saw the Federal Reserve reducing its main cash rate by another 25 basis points, […]

  • The IndeX Files 29-10-2019

    Indices Rally on FOMC & US-Sino Trade Deal Global equity benchmarks have commenced the week’s trading in a decisive manner with the S&P 500 breaking out to new all-time highs in response to an improved risk outlook among global investors. On Friday, the US Treasury Secretary, alongside the US Trade Representative, met with their Chinese […]

  • Will The Fed Cut Rates In October?

    October Rate Cut Risks The September FOMC meeting was a disappointing meeting for USD bears. The Fed reduced its headline rate by a further 25 basis points though USD downside was offset by news that three members dissented against the cut. Additionally, the dot plot forecasts failed to show a clear path forward. As such, […]

  • The IndeX Files 08-10-2019

    Brexit & Trade Negotiations Driving Risk Sentiment Global benchmark indices have commenced the week’s trading with a mostly positive tone as attention shifts to the upcoming US – Sino trade negotiations. High-level officials from two leading global economies are due to meet in Washington on the 10th for the next round of negotiations. Over recent […]

  • Precious Metals Monday 07-10-2019

    Gold Gold prices were higher last week as a combination of risk aversion and renewed Fed easing expectations drove inflows for the precious metal. US data last week highlighted concerning weakness in the US economy. The ISM manufacturing reading printed its lowest level of the last ten years over September, remaining in contractionary territory for […]

  • ADP Jobs Number Raises NFP Risk

    Private Sector Growth Slows Looking ahead to tomorrow’s Non-Farm Payrolls release, there is plenty of scope for volatility. The ADP employment number released on Wednesday showed that over September, the US private sector created more jobs than was forecast but at a slower pace overall. This latest data adds to concerns that the labour market […]

  • 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 […]

  • The IndeX Files 24-09-2019

    Risk Markets Looking for Fresh Drivers Global benchmark indexes remain muted following the September FOMC meeting. Policymakers, led by Fed chair Powell, announced a 25-basis point reduction in the headline cash rate, the second only rate cut in a decade. However, the voting split has seen reduced pricing for further rate cuts this year with […]

  • September BOJ Meeting Preview

    Expectations For September BOJ Meeting Bank of Japan policymakers hold their September rate-setting meeting this week and expectations are divided regarding the likelihood of further easing. Meeting last in July, the BOJ said that should the global slowdown threaten the Japanese economy, it would act “without hesitation” to ease further. Speaking at the post-decision press […]

  • September FOMC Meeting Preview

    Expectations For The September FOMC Meeting September FOMC meeting today is expected to see the Fed reducing rates by a further 25 basis points. When the Fed last eased its headline policy rate in July, Powell noted that policymakers deemed the rate cut to be “Mid-cycle adjustment” and not the beginning of a length easing […]