City Index

FX Brief: Continuing yesterday’s trend, it was mostly a quiet session for FX in Asia due to a lack of economic data and general news flow. Until Westpac forecast RBA to cut 2x and...

Despite an embarrassing debut of the cybertruck last week, which saw shares in the stock drop 6%, orders for the electronic pick up truck are through 200,000.The bulletproof armoured glass of the...

There are sparks of hope about the US-China trade deal phase one. The negotiation chiefs on both sides held phone calls early Tuesday after which Chinese VIce Premier Liu He made comments about having...

FX Brief: There was a small burst of risk-on following reports that US and China had agreed to continue with phase one talks. Given this doesn’t actually cover any new ground at all...

The FTSE 100 trades just shy of 7440 resistance, although yesterday’s relatively small range and tall upper wick shows a hesitancy to break higher. As it currently trades around...

USD/CHF is approaching parity, a level which is clearly on the radar for market participants. Despite several failed attempts, USD/CHF has not closed above parity since May 2019. We could...

FX Brief: A lack of economic data made for a quiet start to the week in Asia, although there was a mild dose of risk-on following positive trade headlines. China is to raise penalties for...

By Friday’s close, the ASX 200 had produced a bearish outside week after failing to hold above 6,800, which raises the potential for some mean reversion. Given the slight bearish...

As of Tuesday 19th November: Large speculators were net-long USD by $17 billion, up by $2.7 billion from the prior week Yet net-long exposure for the dollar index fell to a 20-week...

The FTSE is marginally up this morning att 0.85%. The index is being led by Glencore (LON:GLEN) and Spirax-Sarco Engineering, both up over 2% on the morning. Other gainers include Monzi, Bunzl ...

Christine Lagarde gave her first proper speech as European Central Bank Governor on Friday morning. Despite three weeks in the job at the helm of the ECB she was yet to air her views on monetary...

Original Post

As long as 1480 holds as resistance and trade headlines remain favourable, the path of least resistance points lower for gold. Yesterday we noted that yen pairs were testing key support...

Forex Brief: Australia’s manufacturing PMI contracted slightly at 49.4 (50.1) prior, making it the 2nd dip into negative territory over the past 3 months. Service PMI however...

Failing to back up his colleague, CAD bears closed out after Poloz gave his neutral stance. Given the dovish remarks by BOC’s Deputy Governor Wilkins earlier in the week, all Poloz...

The Sino-U.S. dispute seems no closer to a resolution despite weeks of back-and-forth on what negotiators call the phase one of the deal. Messages from the two sides remain contradictory. While some...