City Index

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators.Traders were their most bullish on USD since December 2015, at $34.9bn ($39.6bn...

Today’ close could be key EUR/USD as it meanders around a pivotal zone, where a close either side of it could be the difference between a breakout or a fakeout.Whilst EUR/USD close to a 22-month...

Whilst markets trade cautiously ahead of today’s NFP report, implied volatility for AUD and NZD have shot notably higher ahead of next week’s central bank meetings.In recent weeks the...

As noted in our weekly COT report, large speculators dipped into net-short positioning to finally join bearish managed funds, who have been net-short since early April. Seasonally, Silver tends to...

A strong rejection of support places a clear line in the sand for bulls, who appear set to target the December 2016 highs.As Matt Weller noted in our FOMC recap the Fed left policy unchanged for the...

NZD/USD is one of the several majors we’re tracking to try and catch the end of its retracement against USD strength. With NZ employment figures, FOMC and NFP nearby, we expect volatility to be...

Last month’s China manufacturing PMI rebound is under question after today’s weak print, weighing on AUD whilst equity traders question if the PBOC will provide yet more stimulus. After...

With silver prices continuing to coil, it remains touch and go as to which way it could break. But with volatility seemingly brewing around a pivotal area, when it breaks, it could be hard and...

Bruised and battered at 22-month lows, Euro could be in the need of a sympathy bounce before losses continue. If US GDP allows…A slew of weak data from Europe has continued to weigh on the...

It’s been a big 24-hours for the greenback which saw the US dollar index break to a near-2 year high. Whilst EUR/USD will likely temp bears below 1.1180 and AUD/USD appears ready to crack 70c,...

The bullish wedge on silver we’ve been tracking hangs by a mere thread and is currently testing its lower trendline. Even if momentum were to suddenly pick up, we’d only consider log...

With the US dollar contemplating a breakout and BOC unlikely to provide a hawkish surprise, we’re looking for USD/CAD to break above its March high.We head into today’s meeting with little...

Australia’s Inflation appears to have left the building for today’s CPI report. With headline data missing expectations and moving further away from the target band, rate cut-calls are...

NZD/CAD is testing key support of a 5-month double top pattern. Given the size of the prior swings within its downtrend, this could be a pair well worth monitoring for a major break lower over the...

Whilst Australian employment held up, it doesn’t let inflation off the hook as a weak print tomorrow could see rate cut calls resurface.We’ve seen a few mixed messages from RBA of late. On...

USD/JPY is consolidating near the March highs, with a potential inverted head and shoulders pattern still in play. If successful, the pattern projects an approximate target near the November highs,...