City Index

Consumer stocks (staples and discretionary) are the leaders the past 5 sessions and trade just off their record highs.All sectors remain in positive territory the past 52-weeksHowever, its...

Whilst the constant stream of hot and cold trade headlines risk trade-tease fatigue among market participants (for which I am guilty as charged…), it’s possible we’re at...

The pair ended the previous session flat at $1.1078 and is trending lower in early trade on Wednesday, as investors digest the latest in trade headlines whilst looking ahead to the release of the FOMC...

Lower sales and weaker profits for UK blue chips are pulling the FTSE lower this morning and the index is trading close to 1% lower. The first television debate between Boris Johnson and Jeremy Corbyn...

Nobody is denying DAX has been a strong performer of late. Yet with signs of exhaustion at the highs after a relatively strong move, mean reversion could be on the cards before its next leg...

FX Brief: China condemned the US “Hong Kong Human Right and Democracy Act” earlier passed by the US senate, and reiterated their commitment to the “one country, two...

The FTSE has rallied over 1% this morning boosted by some election optimism and pulled higher by hazard detection equipment maker Halma and assurer Intertek. European car manufacturers are enjoying a...

FX Brief: Trump “protested fact” that U.S. rate are too high and that U.S. rates should be lower than all of their competitors. Markets took little notice though, probably...

The S&P 500 nudged its way up to a fresh all-time high yesterday. Without any obvious signs of a top forming, the bias remains bullish above 3069.90.8 of 12 sectors trade at or just...

FX Brief: China trimmed its key repo rate for the first time since 2015, which suggests further stimulus from Beijing could be underway.Over the weekend, opinion polls showed support for...

Palladium prices have pulled back into a resistance zone, making it appealing to bearish swing traders. As mentioned in this week’s COT report, net-long exposure for Palladium has...

As of Tuesday 12th November: Large speculators increased net-long exposure to USD by $2.1 billion, to $14.3 billion.Traders are their most bearish on JPY in 5-months.Short-exposure to CHF...

Next CFD/DFT (NXT): Since breaking above key resistance around 6,225, prices rallied to 7,000 and are now gently retracing within a tight, corrective channel. Moreover, the 50-day eMA and...

FX Brief: Trade optimism made a return at the end of the week in Asia, after White House economic advisor Larry Kudlow said that US and China were close to a trade deal. (Getting that...

So far, USD is on track for a positive close in November, a month which has historically been favourable to bulls. Yet nothing moves in a straight line and it appears bears could now have their...

FX Brief: It was another volatile session courtesy of the Antipodeans, with Australian employment missing the mark and sending AUD broadly lower. Whilst unemployment rose to 5.3% as...