City Index

Original Post

The British pound rose on the back of optimistic comments from Angela Merkel, who hinted that a deal could still be reached before the Oct. 31 deadline. This comes just after...

NZD is the strongest major after RBNZ’s Graeme Orr said he is “pleased” with where the OCR is. Earlier he reiterated that QE is far from the central scenario. (Odd that...

Monday 26th AugustGerman IFO Business SentimentU.S. Durable goods orders, Dallas Fed Manufacturing Tuesday 27th August German GDPFrench business and consumer and sentimentU.S. house prices, Richmond...

The US dollar held steady after the slightly-less dovish than expected FOMC minutes, although volatility remains subdued ahead of key PMI data from Europe and US and, of course, Jackson...

Price action on the gold/silver ratio suggests a correction could be underway, to silver’s advantage.It goes without saying that gold has had a stellar couple of months and, given the backdrop...

Just from looking at a chart of the price action, one can see that the USD/JPY and the S&P 500 are strongly correlated. As you can see from the 240-minute chart below, the 2 instruments generally...

Canada’s inflation surprised to the upside yesterday, providing CAD with a boost and further lowering expectations for a cut. At 2% it remains at their centre band of the 1-3% target...

Trump says the Fed need to be proactive and cut interest rates and they should cut by a minimum of a full percentage point over ‘a period of time’. He’d also love to...

A potential head and shoulders top pattern has been forming on copper prices since August 2018. With China continuing to show signs of a slowdown, weaker copper prices underline global...

AUD and NZD are today’s strongest major after the release of RBA's August minutes. Whilst little new could be gleaned from them, the lack of any dovish surprise helped support the...

Since RBNZ surprised markets with a 50 bps cut this month, NZD/JPY has coiled below key resistance as it builds up energy for its next directional move. How prices react around resistance...

Whilst AUD remained confined within its range, we continue to look out for range expansion. Summary of RBA’s August minutes Further easing is widely expected around the worldAUD...

Japanese exports declined for an 8th successive month, falling -1.6% YoY compared with -2.2% expected. China-bound shipments of car parts was the main drag on the headline figure, and...

As of Tuesday 13th August: Traders were net-long USD by $12.3bn overall, and $16.6bn against G10 currenciesLarge speculators are their most bullish on the Japanese yen since November...

As of Tuesday 16th of July: Net-long exposure for USD hit a 13-month low at $11.66 billion ($16.4 billion against G10) Traders are their most bullish on CAD futures since March 2018 Sterling traders...