City Index

The gold:silver ratio is paused at a level of resistance for a potential pairs trade, while the underlying markets also test pivotal levels. We can see on the daily chart that momentum...

Minor ranges across FX markets saw all monitored pairs remain within their typical daily ranges, ahead of UK and European open.USD/JPY hit a 6-week high and remains firm, USD/CHF only made...

Whilst volatility on Bitcoin has subsided, we highlight contradictory patterns for bulls and bears to monitor ahead of its next directional move. From price action alone, we suspect Bitcoin...

Despite no obvious signs ECB have intervened, EUR/CHF sprang higher after warning of a bear-trap and warns in a change in trend. We’d noted that SNB had been intervening...

An inverted yield curve is said to be indicative of a recession. Why? Because the last 7 recessions were all preceded by an inverted yield curve. The yield curve we are referencing is the...

NZD/CAD has been a trend that has kept on giving. We’ve been following its demise closely, since identifying its test of a long-term bearish trendline back in March, it’s...

China’s exports fell by -1% YoY and missed its forecasts of +2%, further solidifying the case for more stimulus from Beijing. Imports also decline by -5.6% YoY, it’s fourth...

As of Tuesday 3rd September: Traders increased net-long exposure to USD by +$2.6 billion, which make them the most bullish on USD in 5 weeks at $13.1 billion (or $16.2 billion against G10...

Canada seems to be like that hockey team somewhere in the middle of the division, that no one really pays attention to. But as the season progresses, they begin creeping up the standings, and all the...

Risk appetite has made a comeback just as we head into the end of Q3. With indices, yields and copper rallying, the oppressive forces Trump’s trade war has held over markets has been lifted,...

News that US and China are set to resume trade talks in Washington next month extended yesterday’s relief rally.Commodity currencies (AUD, NZD and CAD) were quick to react and are...

Sentiment has been given an extra boost in Asia today, on reports that US and China are set to resume trade talks In October. Sentiment had already been lifted by stronger China Service PMI...

AUD/USD hit a 6-day high after GDP came in as expected, with markets seemingly pleased it didn’t undershoot expectations.Sentiment was lifted when China’s service PMI expanded...

RBA held rates as expected, although there we some subtle changes to the statement which warrant keeping tabs on. Summary Of The RBA September StatementThe outlook for the global economy remains...

The expectations for RBA to cut tomorrow are quite low at just 11%. Therefore, traders will scrutinise the statement for any clues and no doubt short AUD if it appears more dovish than...

China’s manufacturing PMI returned to expansion at 50.4 (below 50 denotes contraction), with production increasing to a 5-month high. However, new orders fell to their lowest level...