City Index

There was more anticipation than usual for this month’s ISM Non-Manufacturing PMI. Why? As it’s much older brother, the ISM manufacturing PMI essentially rolled over and went...

FX Brief: Ahead of trade talks, White House advisor Peter Navarro has listed “seven deadly sins” from China; Cyber attacking, IP theft, forced technology transfer, goods trade...

Sentiment-wise, the USD is on the back foot following the deterioration of ISM manufacturing data. Yet we’d argue the dollar’s weakness could be temporary, like when the USD...

FX Brief: GBP is the weakest major today, when UK PM Boris Johnson will present his final Brexit offer to the EU. If Brussels do not agree, Britain won’t negotiate further...

It was another ugly data set from the ISM manufacturing read, but it may not mean we’re headed for a full-blown recession. If last month’s data was ugly, then this is even...

As we highlighted in last week’s video, two bearish monthly candles warn of a potential top, although whilst prices hold key support bulls are well within their rights to...

FX Brief: RBA cut rates to a new record low and retained a dovish bias in their statement.USD remained king in Asia with the US dollar index hitting its highest level since May...

With futures markets implying an 80% chance of a cut, and around 70% of economists also on board, then it was always going to take more than a simple cut to sink AUD today with...

RBA are expected to cut rate tomorrow by 25 bps, to a new record low of 0.75%. RBA last cut rates back in July, having already done so in June to shave 50 bps over the two months, which...

Caixin released their PMI which shows the sector expanded at its fastest rate since February 2018, with production and new orders also rising faster than in August. Whilst NBS manufacturing...

As of Tuesday 24th of September: Bullish exposure to the USD is at $17.4 billion, its highest level in 3-monthsCAD traders reduced net-long exposure by -15.2k contracts, their least bullish...

With several AUD pairs sitting at key levels, it could be approaching a time for a make or break for the Aussie AUD/USD remains within an established bearish channel on the daily...

The FTSE 100 has lagged its U.S. and European counterparts this year, but that doesn’t mean it doesn’t try to play catch-up. We noted that U.S. indices have respected key...

FX Brief: A ‘limited’ trade deal between U.S. and Japan has been signed by Trump and Abe, which cuts tariffs on U.S. farm goods and Japanese machine tools. The move is...

Apple (NASDAQ:AAPL) is coiling at the highs within a potential continuation pattern. Given the strong bullish trend, we’re monitoring prices for a break higher. Overall the price...

A stronger USD, prompted by the Trump probe, has seen metals under pressure with gold shedding over -1.8% by the close. Whilst prices have remained supported above 1,480 the potential for...