City Index

In the 6th December, EUR/NZD tested the March trendline and began to rebound. Given the general lack of pullbacks since the decline from 1.7700, it was plausible to expect a larger rebound...

FX Brief: Trump became the third US president in history to be impeached. The first article was 230-197 in favour of ‘abuse of power’ and the second was 229-198 on...

The Bank of England will give its final monetary policy announcement of 2019 on Thursday.Still No Brexit Clarity With a resounding Conservative win in the elections the UK will almost certainly be...

NZD/JPY is retracing from its highs towards a key level of support ahead of GDP data later today (tomorrow morning in Asia). Like AUD/JPY, NZD/JPY can also be a great barometer of risk for...

The difference between a bearish engulfing candle or bullish hammer on the monthly chart is to be decided over the remaining sessions for the year.The US dollar is following its seasonal tendency of...

The FTSE has come under pressure in early trade, despite the slumping pound, as fears of a hard Brexit return to haunt traders. The UK index is down 0.1% at the time of writing.Newly elected Prime...

Wranglings over the length of the post-Brexit transition period are spooking the UK markets this morning and while the FTSE is just about keeping its head above the water the pound has dropped 1%...

FX Brief: RBA appear on track to cut rates in 2020, with February being flagged as the meeting to “reassess the economic outlook”. With plenty of data between now and then...

We highlighted after their statement earlier this month that the RBA could ‘ease’ their way into 2020, and the release of today’s minutes reaffirms this view. Noting...

FTSE Surges As Risks DispelThe FTSE 100 jumped sharply higher on the open and has been building on those gains across the session. The UK index touched 2.5% of gains as risks that have dominated...

DAX has jumped 0.5% higher out of the blocks this morning with traders in a cautious optimistic mood as they await further details on the US – China trade deal. The announcement of the...

The FTSE is flying high, up 2.21% as the last full trading week of the year gets underway, boosted by UK election results and the progress on the Sino-US trade deal over the weekend.The two sides...

FTSE 100 teased traders with a break above 7,400 but it was not to be, seeing the index close at 7373.20 by Friday’s close. This means it remains within the 7000 – 7450 range it...

FX Brief: Currency markets traded in tight ranges whilst traders awaited more clarity over the much-hyped phase-1 trade deal. Meanwhile, US Trade Representative Lighthizer is claiming the...

As of Tuesday 10th December: Large speculators reduced net-long exposure to USD by -$1.6 billion to $18.2 billion.On the DXY, traders are their least bullish since July 2018Minor weekly...

Like him or loathe him, Boris Johnson is on track for the biggest election win since Margaret Thatcher, which is some feat given how polarised the Brexit debate has always been. British...