City Index

Today’s employment data for Australia dispelled any immediate fears of a rate cut. Yet, if a certain correlation is to hold true, we could see unemployment rise and calls for a cut to return...

We highlighted previously that April tends to be the most bullish month for WTI and, having gained 7.3% this month already, is on track to retain its trend. The daily trend structure remains firmly...

New Zealand CPI data missed them mark, instilling a blast of bearish volatility for NZD crosses as traders adjusted to the idea of a May cut. At 1.5% YoY, it’s the lowest CPI read since Q3 2018...

By yesterday’s close, Goldman Sachs (NYSE:GS) suffered its worst session of the year due to softer earnings and a profit-miss. Closing just below $200 and back within range, it appears to be the...

The Australian dollar fell to the bottom of the pack following today’s RBA minutes, as traders questioned the RBA’s confidence in their labor market forecasts.The RBA held rates at 1.5%...

Weekly COT Report - April 15, 2019A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. EUR traders extended their net-short exposure...

Renewed trade optimism and strong earnings from the US on Friday has seen Asia shares break broadly higher today, with the Nikkei 225 trading at its highest level since early December. We can see on...

If the DAX can hold current support levels before breaking to new cycle highs, it could reaffirm the strength of its bullish channel.The DAX has seen some large swings around the 200-day eMA, although...

Around 1am London, EUR/USD spiked higher and, upon closer inspection saw the bid for euro was broadly based. This leaves a potential bullish breakout on the cards for U.K. or U.S. trading session...

Since early February, AUD/JPY has moved sideways in a 240-pip range. We highlighted its potential to roll over from its highs on Monday and, whilst that potential still remains, we have to be open to...

The EU granted the UK’s flextension until October 31st, four months longer than PM May requested. Yet whilst today’s ‘meh’ reaction points towards Brexit fatigue, the coiling...

There’s a decent zone of support for gold around $1275-$1280 which has fended off any further downside. Although, with the zone consisting of structural lows from January and March, a 38.2%...

The bullish wedge on AUD/NZD continues to play out nicely, having reached a 10-week high as of yesterday. But the trend may be in need of a pause before further gains materialise.If successful, the...

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. EUR: Large speculators are the most bearish on Euro since December 2016. AUD:...

Whilst we see potential for Bitcoin to break to new highs, we think a correction below 5,400 could be on the cards first. Since its explosive breakout on the 2nd April. Bitcoin has edged it was to an...

Since the end of January, AUD/JPY has traded in a sideways range between 77.44 – 79.84. It’s unclear at this stage which side it will eventually break out of but, we see potential for...