City Index

Improved risk sentiment and higher oil prices could be supportive of CAD/JPY. So we're closely watching for a potential break higher. Risk sentiment has been given a boost, thanks to the rebound from...

In recent sessions, EUR/USD has drifted down towards long-term support. Given we’ve not seen a weekly close beneath 1.1200 in 21-months and the daily timeframe is looking stretched, a bounce...

The Dow Jones Industrial Average closed to its highest level since October yesterday. Given the strength of its underlying trend, its breakout could have further to go. Overall, momentum since...

With bond yields continuing to fall, it’s becoming too difficult for other markets to ignore and raises the prospects that sentient could finally crack. And that could see a lower USD/JPY.Whilst...

We had higher hopes for copper after it broke out of its multi-month range. Yet, having failed its quest to hold above key support and trade back within range, bearish ears have perked up.The break...

Stalling at our $60 target, we suspect there could be further for upside potential for WTI judging from its bullish trend structure and encouraging signs from the weekly COT report. Prices are...

Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit.Summary of the March statement: The...

As is usually the case, overnight implied volatility has spiked ahead of the central bank meeting, irrespective of the fact that most expect rates to remain unchanged at 1.75%. Still, it remains...

Whilst the bias for USD/CHF remains for a break to new lows on the daily chart, we see the potential for a minor rebound for intraday traders as its correction completes.We noted recently that DXY...

After the DAX failed to hold above 11,800, Friday’s bearish engulfing candle saw the index break beneath its bullish channel and prior swing low. With the bias remaining bearish beneath...

Weekly COT Report - March 25, 2019A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. GBP traders reduced net-short exposure by...

USD/CAD's long-term bullish trendline remains intact and a higher low has formed above it, suggesting momentum is picking up and a swing low could be in place. Keep in mind that PMI data for U.S....

The past few weeks has seen NZD have the upper hand over its commodity FX rival, CAD. Yet it could be approaching crunch time as yesterday’s high almost perfectly bounced of a 2-year trendline...

Last Friday we highlighted CAD/CHF’s potential bearish Deja Vous pattern. Whilst bearish momentum is taking hold, we may see a pause in trend before it breaks to new lows.The daily trend...

The most volatile session since the flash-crash saw USD/JPY break convincingly lower from its triangle formation. Moreover, it closed beneath the prior swing low and cluster of moving averages (50,...

Post-Fed, the Doves are on parade, treasury yields have fallen and bets for a cut in 2019 have increased. Certainly not a bad day in the office if you’re bearish USD.Bond markets are hinting...