Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
European Open: DAX sits at key support ahead of the German IFO report
We’re watching how the DAX holds up for today’s IFO report – given it saw ‘no signs of a recession’ in May and markets now fear a global recession.
European Open: Volatile trade for yen pairs, PMI’s up next
The Japanese yen was broadly higher overnight on comments from a former FX and a report showing foreign investors fled the bond market last week.
Why trade with City Index?
Tight spreads from 0.5 pts on FX and 1 pt on indices.
Award-winning platforms with fast and secure execution.
FTSE falls as UK inflation rises
FTSE falls as UK inflation rises, Where next for the FTSE?, Oil tumbles ahead of Powell, Where next for WTI oil?
European Open: US traders return, FTSE and DJI in focus
US traders are to return to their desks today after a 3-day weekend. And the biggest question we have is whether we can see some sort of relief rally, after the recent drubbing.
FTSE rebounds after large losses
The FTSE fell 4.1% last week, tumbling to a three and a half month low. Today risk sentiment has improved and banks do the heavy lifting.
European Open: DAX and German producer prices in focus
With the US on public holiday we could be in for a quieter session, although with sentiment remaining fragile then we see the potential for DAX to fall further.
European Open: Volatile trade on the yen as the BOJ stand pat
There was some trepidation ahead of today’s BOJ meeting given the excitement of the FOMC and SNB this week, as evidenced by the yen’s volatile spike when the BOJ did nothing.
European Open: Asia lower, Oversold markets cautiously retrace
Of course, we’ll have to find out if yesterday’s sell off really is ‘oversold’, but the overnight rise for index futures and commodity FX appear to be corrective in nature.
Two trades to watch: FTSE, Oil
FTSE falls as UK GDP unexpectedly contracts in April. Oil falls as COVID cases rise in China and on global growth concerns.
European Open: Futures point lower with a turbulent start to the week
Appetite for risk remained on the back ropes as Asian markets reacted to the hotter-than-expected inflation print from the US on Friday.
European Open: There's nerves in the air ahead of US inflation
There’s clearly nervousness in the air ahead of today’s US inflation report, as index futures cling to their lows after breaking lower from a 7-day range.
European Open: ECB and the euro in focus, WTI bulls eye $124
The conclusion of today’s ECB meeting is the only game in town today, which has seen the yen and euro rise against the dollar just hours ahead of it.
European Open: WTI finds demand around $117, futures mixed
The yen continued to weaken overnight and WTI is back at around $120 after a solid rebound from $117 yesterday.
European Open: The RBA opt for a nifty 50, USD/JPY breaks 132
The RBA didn’t hold back and opted for a 50-bps hike at today’s meeting, which is a first since February 2000.
European Open: UK traders return to their desks (FTSE, GBP/USD)
The 4-day weekend has come to an end and the FTSE will reopen today. Yet take note of public holidays across Europe so liquidity should be lower than usual.
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 1 pt on indices.
European Open: PMI’s and BOC meeting in focus
The collection of PMI data also includes the ISM manufacturing report for the US, alongside the BOC’s meeting.
European Open: Futures point higher, AUD/JPY probes key resistance
European index futures have opened higher, suggesting sentiment remains buoyant after Friday’s rally. And that could bode well for a potential breakout on AUD/JPY.
European Open: DAX eyes a breakout, USD limps into the weekend
After a couple of false starts, the DAX is showing a greater appetite for some sort of lift of (should sentiment allow).
European Open: FTSE looks tired below 7600, US GDP in focus
With sentiment remaining fragile and futures pointing lower, we suspect the past of least resistance could point lower for the FTSE today.
European Open: Futures higher, NZD/JPY eyes break of 83 post-RBNZ
RBNZ came out swinging again with a 50-bps hike and upgraded forecast for the speed and level of their cash rate.