Recent content by City Index

Today's lower-than-expected UK inflation data appears to have had little impact on the market, with GBP/USD trading relatively flat on the day. However, the pair is continuing to test resistance around 1.2400 after yesterday's attempted break higher following the weak US CPI print stalled around...

The S&P500 has already handed back the majority of its post-CPI gains from earlier today in what is shaping up to be a volatile week as expected. The initial rally on Wall Street faded as SPX currently seems unable to overcome a wall of selling coming that has developed at the previous high...

Focus today will be on the Autumn Budget, which could see a combination of higher taxes and spending cuts weigh further on economic sentiment in the UK. The FTSE100 had managed to break above its 200-day MA last week, as risk assets rallied on the soft US CPI print. However, the index has since...

That's a great point. It might also be worth mentioning that historically, stocks tend to perform better in the months following the US mid-term elections relative to the preceding months. However, all trading carries risk, and with the current backdrop of inflation and a global slowdown...

GBP/USD is currently consolidating yesterday’s strong break of trendline support, and with the US NFP report out later today, volatility may continue into the weekend. While the BOE’s decision to hike by 75bps on Thursday was its largest interest rate increase in 33 years, the overall sentiment...

Risk-on sentiment after what seemed like a dovish FOMC statement quickly reversed thanks to the Jerome Powell’s press conference. The Fed Chairman essentially signaled that rates will likely end up even higher than previously expected, and that it was still too early to discuss any change in...

From a technical standpoint, the S&P500 looks decently set-up for a big move following today’s FOMC Meeting. Despite some disappointing earnings in recent days, especially from Big Tech, the broader market index has managed to rebound from the new low it hit in mid-October. A lot of this has...

Interest rate decisions, a new Prime Minister, major Q3 earnings, and any further developments out of China will all probably play a big role in market direction this week. The FTSE100 has already seen a relatively volatile start to the week, swinging between gains and losses yesterday before...

With Liz Truss stepping down as PM, the political turmoil that has created additional selling pressure on British Pound may begin to ease up and put the focus back on the Bank of England, who have their next monetary policy meeting in just under 2 weeks. GBP/USD has managed to hold above its...

The S&P500 rallied back above its 200-week MA on Monday, a key level which it last traded below during the March 2020 crash. Although the fundamental backdrop remains bearish, this may open the possibility for some sort of near-term rebound from a technical perspective, and the lack of major US...

This is an extremely interesting analysis. With the S&P500 erasing 50% of its post-pandemic gains at one point, it seems Thursday's sharp reversal higher could have been fuelled by a host of buy-limit orders being triggered at this key technical level, as well short-covering from bears when a...

The US Dollar's strength is reflective of the poor economic sentiment around the world at the moment, and has been weighing on all almost other assets. However, lot markets appear to be in "wait-and-see" mode ahead of this week's US inflation figures, hesitant to overstretch themselves as the...

An unexpected fall in the unemployment rate to 3.5% looks to be helping GBP/USD edge higher for the time being, despite the BOE's announcement to widen their bond-buying program sending UK yields lower. Cable currently seems to have found support at the psychologically key 1.10 level, and the...

Looks like it could be another volatile few days for this pair with key economic data from both sides of the Atlantic due this week, including British labour market figures at the top of the hour. Although the data from the UK will play an important role in determining demand for the Pound, US...

The FTSE100 found support near the 2022 lows yesterday with the index reversing early losses after retesting the key 6800 level Bulls are likely to continue defending this long-term resistance-turned-support, and with a number of major stock indices around the world trading at or around YTD...