From 12th to 28th October, most S & P 500 constituent companies report corporate earnings. The outperformers so far, include Netflix, Goldman Sachs, Bank of New York Mellon, Johnson and Johnson, and American Airlines. The overall better-than-expected results, lifted US indices. The S & P 500 and the Dow Jones index rose by 1.6% and […]
Last week the market sent us one of those special price spikes and member took full advantage of it for some quick and easy profits. Spike Alert Chart Next Day Spike Target Reached GET THESE SPIKE ALERTS: CLICK HERE Related Posts:GBP/USD: trading plan for the US session on April 15th… April 15, 2024 In my […]
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations. Also we saw the release of UK Retail Sales and Core Retail Sales (YoY and MoM) for September, all lower than expectations. […]
Michael Every, from Rabobank in Hong Kong, says Chinese authorities have full control over every aspect of the economy so no surprise GDP is on target. He says though it is a question of ‘when, there is another currency crisis. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: […]
The Fed Vice Chair Fischer made a speech yesterday, stating that low rates can lead to longer and deeper recessions, making the economy more vulnerable. The hawkish statement weighed on US stock markets. The S & P 500 index (#USSPX500) broke the short term major uptrend line support on 11th October, as market expectations on […]
Neil MacKinnon, VTB Capital, says the ECB is unlikely to change anything this week. Neil also discusses recent reports that former ECB chief economist, Otmar Issing, said the euro is a ‘house of cards waiting to collapse’. Neil explains that politicians have failed in their attempts to harmonise the fiscal issues across the euro zone. […]
The near term major support level at 1.1000 for EURUSD was broken last Friday, as the dollar strengthened. The next support line, the short term major support level at 1.0950 was tested and held this morning, which provides a strong support. In addition, the daily and 4 hourly Stochastic Oscillators are both below 20, suggesting […]
Andrew Jacobs, CEO of Lok’nStore, says even without the proposed increase in capacity across its business, investors can expect more of the same this year. Andrew also said that the prospect of greater inflation did not worry him although the prospect for a ‘deep’ recession would affect the business model. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: […]
A look at the three main types of banks and the key elements to watch for when banks report earnings, including net interest, loan loss provision and credit risk. We look at what they are and why they are important. More on JPMorgan Chase: http://www.ig.com/uk/ig-shares/jpmorgan-chase–co-JPM-US?CHID=9?QPID=1414138387&QPPID=1 Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: […]
Leroy Lawrence of Quadron Capital returns to the IGTV studios after predicting the day before the EU referendum that cable would reach parity and indeed it did during the flash crash. Going forward Leroy is convinced that sterling will return at a three-decade low for as long as ten years. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: […]
Dhaval Joshi, chief European strategist at BCA Research, highlights the correlation and explains what it means. Dhaval also that any unwinding ‘should be self-limiting. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader in retail forex, providing fast and flexible access to over […]
These 2 Debt Instruments Pose Peril to Millions of Investors A billionaire says the search for yield is overriding credit judgment By Elliott Wave International Stay informed. Stay prepared. See what we see ahead for U.S. markets — now, via this risk-free offer to the Financial Forecast Service. ********* [Editor’s Note: The text version of […]
Charles Gibson, director of mining at Edison explains why the price of zinc has risen and how to take advantage of the price action. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader in retail forex, providing fast and flexible access to over […]
Helal Miah from the Share Centre says he would not be surprised that, with the growing ‘psychological barrier’ at current levels, the FTSE 100 has a period of sideways movement. He also looks at the influence of GBP/USD. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG […]
WTI pulled back since this Tuesday after testing the mid-term major resistance level at 52.00. The first support level at 51.00 was broken on Wednesday. The price rebounded after testing the short term significant support line at 50.00. This level is crucial, if it keeps on holding above the level, indicating the bullish trend remains […]
Ian Whittaker, head of European media research Liberum Capital, says while today’s release from Sky has little meat, the message appears negative and underpins the 20% stock drop year-to-date. Website: http://www.ig.com/uk?CHID=9?QPID=1414138387&QPPID=1 Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader in retail forex, providing fast […]
The FTSE 100 index hit an all-time high, on Tuesday. On the daily chart, we can see the trend has been bullish since the Brexit vote in late June. The near term major resistance level at 7000 was broken on 4th October. The current price is still holding above 7000 and the uptrend line support. […]
Wei Li, head of investment strategy at EMEA iShares BlackRock, says barring any policy mis-steps, neither the currency outflows nor the growing debt pile is an issue. Wei says China has already shown it has the strategy and the determination to face the issue. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 […]
EURUSD retraced yesterday, trading below the near term major downtrend resistance line. Today we saw the release of the German ZEW Economic Sentiment and Current Situation for October, also the Eurozone ZEW Economic Sentiment for October. All three figures were better than expectations and the previous figures. Yet the figures didn’t help EURUSD rally, as […]
David Buik, from Panmure Gordon, says he believes that by the time negotiations are completed for the UK’s withdrawal from the EU, Europe will be a very different place. In the meantime there will be troubles for the UK economy. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: […]
USDCAD has been bullish since the early September, as the recent US economic data outperforms. Yet the price is trading below the mid-term resistance level at 1.3300, the selling pressure at this level is very heavy, the price will likely pull back at this zone. In addition, the daily Stochastic Oscillator is around 80, suggesting […]
Tom Floyd, FX trader at Foenix Partners, tells IG that after the events overnight, sterling looks oversold. Tom went on to say that the longer term trade is to short the pound against a basket of currencies. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is […]
Ron William, RW Advisory, explains the technical analysis behind his trade that projects GBP/USD to $1.15. Ron says traders should look for opportunities to maximise the opportunity by waiting for a better entry points. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader […]
GBPUSD plunged like a stone at the start of the Asian session, hitting a 31-year low. The significant support level at 1.2000 was once broken, yet It was followed by a quick rebound, recovering the level. Currently the speculation about the sharp fall, centre around dealer fat finger, or algorithmic sell orders triggered by French […]
Aura Energy chief, Peter Reeve, says along with early uranium production at its well advanced project in Mauritania, the company will also be developing its project in Sweden. Peter says this could be the world’s largest uranium mine. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG […]
We have seen the US ISM Manufacturing and Non-Manufacturing PMI figures this week both outperforming, lifting market expectations on a December rate hike and leading to a considerable strengthening of the dollar. USDJPY has broken the mid-term major downtrend line resistance on Tuesday 4th with strong bullish momentum. In addition, the 8 moving average has […]
Paul Scott, Stockopedia.com, discusses his thoughts (not recommendations) of some small cap stocks he’s looking at. These include BooHoo.com, MySale, Crawshaw, Gear4Music, Fairpoint, Revolution Bars, Lavendon and Johnston Press. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader in retail forex, providing fast […]
Robin Griffiths, head of multi-asset research at ECU Group, talks about the tension building as both bonds and equity indices at highs. He says hold cash to take advantage of the likely drop in equities next year when gold hits $1,900. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google […]
This morning saw the release of the German and Eurozone Services PMIs and Composite PMIs for September, better-than-expected, helped EURUSD rallied and broke the resistance level at 1.1220. The dollar has surged substantially yesterday as the ISM Manufacturing PMI outperformed, and the Cleveland Fed Loretta Mester stated that a rate hike in November is likely. […]
Seeing Machines CEO, Ken Kroeger, talks about the domestic car focused eye-tracking technology spin-off FOVIO. Ken also says he is happy delivering on expectations of a doubling of the company’s share price. Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google Play: https://play.google.com/store/apps/details?id=com.iggroup.android.cfd&hl=en_GB iTunes: https://itunes.apple.com/gb/app/ig-trading-spread-betting/id406492428 LinkedIn: https://www.linkedin.com/company/igcom Google +: https://plus.google.com/u/0/108999047065291192896 IG is a global leader in retail […]
