• The Crude Chronicles – Episode 16

    Trade Deal Expectations Impacting Oil The CFTC COT report showed that investors increased their net long positions in WTI crude last week by a further 40,961 contracts. The total net-long position now stands at 470,936 contracts. The key premise for the build in upside exposure in WTI has been the rising expectations of a US-Sino […]

  • Dovish Risks into BOC Meeting

    BOC To Remain on Hold? The Bank of Canada meets today for its December monetary policy review and while the bank is forecast to keep rates on hold, there is still a risk that the BCO will ease further. At its last meeting, the BOC clearly signalled that, despite the decision to maintain policy at […]

  • 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 Crude Chronicles – Episode 15

    Trade Deal Optimism Offsets Bearish EIA Release The latest CFTC COT report showed that over prior week, net-crude positions grew by 5,378 contracts to a total of 429,975 contracts on the week. The rise in WTI positioning continues to reflect ongoing expectations that a US-Sino trade deal is forthcoming. Over recent weeks, the market has […]

  • The Friday Forex Takeaway – Episode 10

    Key Points from This Week FOMC Meeting Minutes The minutes of the October FOMC meeting were interesting given that the tone of discussions was more dovish than the market was expecting. Policymakers noted that risks to the US economy remain elevated and while most supported the decision to keep rates on hold now, the potential […]

  • The Crude Chronicles – Episode 14

    Trade Talk Concerns Leaning On Oil Prices Benchmark WTI prices have been lower this week as emerging concern for the prospect of a US-Sino trade deal has stunted demand. Crude prices had been supported recently amidst expectations that the “phase one” trade deal agreed between the US and China was to be signed. However, with […]

  • 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 […]

  • NZD Higher As RBNZ Defies Market Expectations

    RBNZ Bucks The Trend At a time when global central banks are increasingly guiding markets and signalling forthcoming moves, the RBNZ is increasingly become a difficult bank to anticipate. In August, the RBNZ caught traders off-guard when, against expectations of a near-certain 25 basis point rate cut, they lowered rates by a huge 50 basis […]

  • The IndeX Files 12-11-2019

    Will US-Sino Trade Deal Be Signed This Week? Global benchmark equities remain near recent high levels this week, though are sitting below the record highs seen over the last week as investors struggle with opposing themes. The US outlook has shifted away from expectations that the Fed will ease further this year. Ahead of the […]

  • 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 Friday Forex Takeaway – Episode 8

    Key Points This Week US-Sino Trade Deal on Track Expectations that the US – Sino “phase one” trade deal (verbally agreed October 10th) will be signed over November has kept equities indices in demand. US benchmarks have traded to new record highs this week as the prospect of an end to the 17-month tariff war […]

  • The Crude Chronicles – Episode 12

    Trade Deal Hopes VS Negative OPEC Outlook WTI prices commenced the week in demand as expectations that the US and China will formally approve the mini-trade deal agreed earlier this month helped support global investor appetite. The driving force behind the latest surge in optimism over US-Sino trade discussions was the comments made at 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, […]

  • Precious Metals Monday 04-11-2019

    Gold Precious metals are starting to break higher as we head into the middle of Q4. The latest action from the Fed has created a supportive backdrop for gold which benefits during times of weakness in the dollar. At the October FOMC held last week the Fed acted in line with market forecasts by announcing […]