City Index

USD/CAD suffered its most bearish week of the year by Friday’s close, following weaker than expected earnings data within May’s NFP report. Prices appear stretched on the daily chart, so...

As of Tuesday 4th June: Large speculators were net-long USD by $30.9 billion, -$0.36 billion from the prior week ($34.7 billion against G10 currencies JPY net-short exposure fell to a 3-month...

Sentiment was given a boost at the open with Trump’s announcement that U.S. and Mexico have reached an agreement on immigration, providing another tailwind for equity markets.Over the weekend...

A slight thaw in trade tensions and a minor rebound has seen the CAD strengthen, yet with several crosses pointing to CAD strength, perhaps this could have some follow-through. If a single currency...

With headlines surrounding tariffs and Fed cuts subsiding, it allows NFP to have its monthly spotlight back. As for the dollar, earnings could prove to be the difference between bullish or bearish. As...

Whilst Gold is up just a modest 3.9% this year, it’s rallied 14.8% since the 2018 low and the trend structure remains bullish. Furthermore, by yesterday’s close, the shiny yellow metal had...

News that U.S. Congress could challenge Trump’s tariffs on Mexico saw a reversal of fortunes for a bruised U.S. dollar, creating a series of potential reversal patterns for some U.S.D...

STATEMENT SUMMARY: RBA lowered the cash rate by 25 basis points to 1.25% Downside risks stemming from the trade disputes have increased Outlook for GDP and CPI remain unchanged Strong employment...

Bitcoin’s shakeout at the highs continues after tumbling over 8% in early Asia. Over 5% of which was shed within 30 minutes. Thursday’s bearish engulfing candle served as a warning all was...

Despite expectation of an RBA cut tomorrow, AUD/USD has broken to a 3-week high thanks to a weaker U.S. dollar We expected RBA to cut in May. Yet, instead they held off due to the federal election...

Large speculators increased net-long exposure to USD by just $0.48 billion to $31.3 billion ($35.7 billion against G10 currencies). Traders were net-short NZD Futures at their most bearish level since...

We outlined a case as to why we thought gold’s corrective low is in and, despite a deeper than anticipated pullback, a longer-term bullish case above $1266.0 remains in-tact.We remain...

It’s the last day of the month and, barring a miraculous recovery into the close, the FTSE 100 is headed for a 3-week, bearish reversal pattern with seasonality working against it. We can see on...

e a 5% tariff on Mexican goods from the 10th June until Mexican immigrants stop crossing the border illegally. The levy would then be increased gradually until the ‘problem’ was...

Equity futures are broadly lower, thanks to Trump's latest tariff threat on Mexican goods. Which could make for a lively U.S. open unless we see a reversal of negative sentiment. A 5% levy on Mexican...

The BoC meeting wasn’t quite enough to see USD/CAD hold above April's high but, with US GDP on tap, there's potential for some volatility at the highs depending on where the data...