• Market Cheers Trump’s Impeachment Acquittal

    Trump Retains Presidency The historic impeachment trial against Donald Trump, only the third of its kind to be brought against a US president, concluded yesterday with the president being acquitted on both articles. Such an outcome, while disappointing for some, is not a shock given that the Senate is controlled by Trump’s Republican party, meaning […]

  • 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 […]

  • Precious Metals Monday 23-12-2019

    Gold The final trading week of the year is typically a quiet one and while no major moves are expected in the metals, there are some important developments worth noting as we head into 2020. Firstly, the continued rally in equities looks set to keep pressure on gold as the US-Sino trade negotiations move onto […]

  • 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 […]

  • The Crude Chronicles – Episode 17

    Market Caught Between OPEC Cuts & Trade Deal Uncertainty CFTC COT data showed that net long positions in WTI crude declined by 42,901 contracts last week to sit at a total position of 428,035 contracts. The reduction in upside exposure in WTI prices likely reflects the diluted global investors appetite last week on concerns over […]

  • 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 […]

  • 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 13

    WTI Longs Build On Trade Deal Optimism The CFTC reported that over the last week, net long positions in WTI Crude futures were higher by 22,512 contracts, moving back up to a total long position of 138,389 contracts. This most recent build in US crude exposure reflects optimism towards the ongoing US-Sino trade negotiations which […]

  • 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 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 […]

  • Trump Elections Blow As Republicans Lose Key Seats

    Republicans Lose Key Seats The 2019 US gubernatorial elections, held yesterday, marked an important shift in voting habits. Just one year out from the next US national elections, Democrats made gains in the key states of Kentucky and Louisiana. Virginia, the Democrats took control of the legislature for the first time in over two decades. […]

  • 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 […]

  • 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 […]

  • Precious Metals Monday 29-10-2019

    Gold With a host of central bank rate decisions slated this week, it will be an important week for metals. In the US, the Federal Reserve is widely anticipated to reduce its headline rate by a further 25 basis points this week. If the Fed follows through on these expectations, this should support gold, seeing […]