City Index

Weak employment data took its toll on the Kiwi today, seeing expectations for RBNZ to cut rise further. Q3 Unemployment rose to 4.2% (3.9% prior, 4.1% expected). Job growth softened to...

FX Brief: AUD is today’s strongest major after RBA held rates. AUD/JPY is the biggest mover of the session and its daily range has spanned 95% of its 10-day ATR – given it...

The U.S. Dollar Index (DXY) presented traders with a bearish engulfing candle on both the weekly and monthly chart by Friday’s close. So, will this bearish pattern live up to its grizzly name in...

FX Brief: Volumes were lighter due to the public holiday in Japan today.NZD is the strongest major on the announcement that New Zealand has concluded its negotiations to upgrade their free...

As of Tuesday 29th of October Bullish exposure on the USD was $12.6 billion ($15.9 against G10) Traders are their least bearish on GBP futures since early June GBP saw the largest weekly...

FX Brief: Global growth bears have more to cheer about on the back of weak data from Asia.South Korean exports hit a 4-year low and contracted for an 11th consecutive month at -14.7% YoY....

Overall, gold has a decent chance of breaking to new highs over the coming months. Yet whether is opts for direct gains or morphs into a prolonged, complex correction could become clear over the next...

The S&P 500 closed to new highs following yesterday’s Fed meeting, supported by higher earnings whilst also taking comfort from Powell’s comments that a hike is unlikely....

FX Brief: After teasing markets with some sort of action, BOJ kept policy unchanged (rates at -0.1%, 10yr JGB ‘around’ 0%. Yet they modified their forward guidance on interest...

With DXY and several FX majors approaching their latest set of key levels, we could find they’ll decide whether to break or reverse these levels in unison. Whilst the Fed’s...

FX Brief:· CPI data for Australia came mostly in as expected. This makes it less likely the RBA will cut in November, although expectations were only around 20% anyway. Trimmed...

The Nikkei has switched from being the underdog to being the strongest performer against its peers this past three months. Since breaking out of a basing pattern in August, its managed to...

With action finally expected from the Bank of Japan tomorrow, it should create volatility for traders regardless of whether they act or not. BOJ surprised markets on the 29th January 2016...

Ahead of this week's Fed meeting, 2-bar reversals patterns have formed near key levels for the USD. Traders have become less bullish on the USD recently. As of last Tuesday, traders had...

FX Brief: Lack of economic data, market-moving headlines or, pretty much anything made for a quiet session in Asia. Traders will now be focussed on next week’s Fed meetings, so we may...

A dovish ECB propelled gold to a 2-week high and closed on a key resistance level, suggesting bulls are preparing to break gold from its corrective channel. Gold has rallied an impressive...