• Precious Metals Monday 23-03-2020

    Gold Gold prices remain under pressure this week as the sell-off in global asset prices continues. Safe-haven demand for the US Dollar is dragging gold prices lower as investors move money out of other assets and into the greenback.  In the US, Congress is finalising plans for a $425 billion emergency relief package for the […]

  • BOC Slashes Rates Over COVID-19 Threat

    BOC Cuts Rates by 0.5% The severity of the ongoing COVID-19 outbreak has been made very clear this week. Following a well-expected rate cut from the RBA on Tuesday morning and a surprise rate cut from the Federal Reserve on Tuesday evening, the BOC became the third central bank in the G10 bloc to cut […]

  • The Crude Chronicles – Episode 28

    Oil Recovers As Stimulus Helps Risk Appetite Rebound Benchmark WTI prices have risen steadily this week, spurred on by a broad improvement in global investor appetite. Markets started the week in better health amidst growing expectations of central bank intervention in response to the growing threat from COVID-19. On Tuesday, the Federal Reserve rewarded these […]

  • Data & Virus Damage Hurting The Dollar

    US Dollar Losing Steam? Over the final month of 2019 and the first month of 2020, the Dollar Index enjoyed a three-figure rally. The push higher was fuelled mainly a string of better-than-expected economic releases. With ISM manufacturing and non-manufacturing readings surprising to the upside last month, along with strong NFP readings and better survey […]

  • Precious Metals Monday 24-02-2020

    Gold Gold prices broke out to fresh highs last week, trading up to over 1604 an ounce, a price not traded since early 2013. Gold received a fresh burst of safe haven demand last week as news of a rising COVID-19 death toll in Europe rocked investor appetite. Italy reported a spike in the number […]

  • How Worried Is The Fed About Coronavirus?

    The release of the January FOMC meeting minutes last night helped keep the current Dollar rally on course with policymakers noting that they expected a continued moderate economic expansion. Inline with this view, the minutes noted that the current monetary policy stance will likely remain appropriate “for a time”. Key Quotes from The Minutes “Policymakers […]

  • The IndeX Files 18-02-2020

    US & European Equities Rally, UK & Asian Equities Fall Global benchmark equities indices remain in stead demand this week for the most part. US and European equities are leading the pack, with a little selling pressure in UK assets as a result of a firmer British Pound recently. The corona-virus episode which has dominated […]

  • Precious Metals Monday 10-02-2020

    Gold Metals traders have seen plenty of two-way action over recent sessions. The corona-virus continues to be the main theme driving price moves as traders react to the latest headlines and data. Now entering its fourth week since it was reported, the virus continues to spread globally though the main impact is being seen in […]

  • Precious Metals Monday 20-01-2020

    Gold The gold market has given conflicting signals over recent weeks. Following a breakout to highs of 1611.39, not seen since early 2012, market reversed heavily over last week, trading lows of 1536, before reversing higher. The root of the fluctuations in the gold market has been the shifting situation with regard to the recent […]

  • US & UK Inflation Weaker Than Expected

    US Inflation Rises Over 2019, Weaker Over December The US was treated to a rather mixed inflation report yesterday. The CPI figures for December came in with headline inflation rising 0.2% month on month. This reading was in line with expectations though marked a decline from the prior month’s 0.3% reading. Meanwhile, the core inflation […]

  • 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 […]

  • Precious Metals Monday 13-01-2020

    Gold With tensions between the US and Iran having dissipated over recent sessions, the new week has commenced with a firmly risk-on tone, seeing reduced safe-haven demand for gold.  The market is now focusing on the US-Sino trade deal which is due to be signed on Thursday in Washington. Following the signing of the deal, […]

  • Precious Metals Monday 30-12-2019

    Gold On the back of recent moves, it is clear that gold prices will end 2019 well into positive figures. Currently around 15% higher on the year, gold is due to close out its best year since 2010. The rally in gold prices over the year has been in no small part due to the […]

  • The IndeX Files 17-12-2019

    Trade Deal & Election Resolutions Global equities benchmarks have seen some significant developments in key themes over the course of recent trading, reflected in the current price action we are seeing. On Friday, the US announced that it has now confirmed the phase-one trade deal with China. The deal has been the source of much […]

  • Precious Metals Monday 16-12-2019

    Gold The gold market continues to hold in the recent consolidation pattern which has persisted over the last five weeks, following the heavy sell-off over the first week of November. Some important developments to note over the recent week, which could impact the course of metals trading this week. First and foremost, the market received […]