Silver
Silver has continued to see concerted selling pressure as price action remains trapped within the confines of a sideways channel. Subsequently, the past few days has seen price action trending strongly towards the lower channel constraint where, historically, the metal has reversed.  However, given the risk of near term action...
Japanese Yen
The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the 100 day EMA but the pair’s underlying bullishness may shine through shortly. Indeed, a number of technical developments are signalling that a breakout above the 100 day average may be seen inside...
Euro
A snapshot view of the calendar for next week and commentary on potential catalyst of data of interest. USD: GDP revisions don’t tend to be the most exciting of releases, not helped by the fact the initial release is already months behind the leading indicators which got us here. Yet as...
Currencies
Falling oil prices continue to temper sentiment in global macro markets and while the Nervous Nellies take solace as oil prices base overnight, don’t get too comfortable as the Oil patch narrative will likely be the primary catalyst in the coming months As the North American market segues into summer,...
Oil Prices Rise
The FTSE 100 opened downbeat, as the stronger pound and selling pressures in energy (-0.85%) and mining stocks (-1.22%) continued weighing on investors’ mood in London. The WTI crude hit a 10-month low of $42.05 on Wednesday. Even the 2.45 million barrel contraction in last week’s US stockpiles couldn’t give...
BGC Brokers London Stocks
European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows hit overnight on worries about a supply glut and falling demand. Britain's FTSE 100, Germany's DAX and France's CAC 40 all slipped 0.3-0.4 percent as trading in Europe got under way....
Great British Pound
Danske Bank FX Strategy Research expects GBP to likely stay in undervalued territory during Brexit talks but be highly sensitive to progress in discussions. "The domestic outlook in the UK is unlikely to provide much relief for the GBP near term: growth is set to slow and BoE to remain on...
New Zealand Dollar
The New Zealand dollar jumped after the Reserve Bank of New Zealand said the country’s growth outlook remained positive. Sterling held onto gains after the hawkish comments from Bank of England’s Andrew Haldane.  Oil prices hovered near 10-month lows on over-supply concerns. The RBNZ held a policy meeting today and...
Euro
The euro has been a star performer in 2017 and it looks like it could be set for further gains as we head into the second half of the year. Euro net long positions as recorded by the US Commodity and Futures Trading Commission jumped to their highest level in...
New Zealand Dollar
The Kiwi Dollar’s rally has proven to be remarkably resilient over the past week, the pair largely resisting the urge slip lower despite some rather bearish technical readings. Moreover, this week has seen both a 0.8% contraction in the GDT Price Index and a dovish decision from the RBNZ...