City Index

FX Brief: Earlier in the session, the NZ government announced further infrastructure spending alongside a boost in fiscal spending in 2020. However, SEEK job advertisements since...

It’s a sea of red across European stock markets this morning and the FTSE has declined more than 1.2%. Concerns about global trade played a part but in the UK weak GDP numbers added an...

Spanning 3 sessions, the S&P 500’s pullback from its highs was short-lived, yet by its own standards quite deep at -2.7%. Still, support was found at 3065 and prices are now...

It’s a mixed regarding USD performance overall, yet DXY points towards a near-term trough which could see a lower Euro and higher USD/JPY (at least over the near-term). By...

FX Brief: Trump was reported to have spoken to Trudeau over NAFTA (North American Free Trade Agreement) and house speaker says they’re close, but a NAFTA deal is not quite done....

The FTSE has started the week in defensive territory, shrugging off the stronger close on Wall Street brought on by positive U.S. job market numbers. An eclectic mix of FTSE fallers was lead by...

FX Brief: Japan’s annualized GDP was upwardly revised to 1.8% YoY from 0.7%. Quarterly was also revised higher to 0.4% from 0.2% prior.Over the weekend China released trade data which...

As of Tuesday 3rd December: Large speculators increased net-long to USD by $19.8 billion, taking it to a 6-week highNet-short exposure to AUD was decreased by 8,9k contractsTraders were...

China has acted to soften the US stance in the ongoing trade negotiations by deciding to remove import tariffs on some of the soybean and pork imports from the US. The tariffs of 25% have been in...

It’s been a volatile week for equities globally, which were initially spooked on Tuesday another negative print from ISM manufacturing report. Whilst we’ve seen a minor rebound...

FX Brief: RBNZ’s Governor Bascand said the economy looks close to a turning point. NZD is the strongest major of the session (and the week). Overall data continues to be kind and...

The FTSE is yo-yoing this morning, weighed down by losses at M&G, Evraz and utility companies. M&G's property fund, which owns numerous shopping centers across the UK, pulled the brakes on...

After rallying over 4% across the previous session and with the OPEC+ meeting kicking off today, it’s fair to say that oil will be under the spotlight on Thursday. WTI is extending gains in...

FX Brief: Australian retail sales went nowhere in October. A big fat 0%. Nil. Exports also slumped to -5% versus +3% expected and private house approvals also fell -7%. Considering...

Politics, more politics and then some technical buying has helped the pound hit the highest level in seven months against both the dollar and the euro. The dollar has been under pressure for several...

FX Brief: Australia’s GDP missed expectations at 0.4% QoQ vs 0.5% expected. It didn’t take long for Twitter to mock RBA’s ‘gentle turning point’ in the...