The Dollar Index (DXY) Economic data released on Friday 12th Aug underperformed, against the market expectations. The Retail Sales figure showed no growth in July, compared to a revised, robust, 0.8% gain in June. The Core Retail Sales reading plunged to -0.3% in July from, a strong, revised 0.9% in June. The slide of retail […]
The S & P 500 Index The S & P 500 and Dow Jones indices both hit new record highs at 2187.92 and 18637 points respectively, on Thursday 11th Aug, lifted by the department store Macy’s strong quarterly sales and the rebound in the price of oil. Strong retail earnings bolstered market sentiment. The S […]
The DAX index has entered a bull market, oscillating in an uptrend channel since 12th July. The significant resistance level at 10473 was broken on 8th August, spurred by the market’s risk-on sentiment, resulting from central banks’ loose monetary policies. The DAX reached the intra-day high of 10701.38 points on Tue 9th Aug, helped by […]
The Reserve Bank of New Zealand (RBNZ) will announce a rate decision at 22:00 GMT+1 today, followed by Bank Governor Graeme Wheeler’s statement. RBNZ has stated on 21st July that further QE will be required to ensure that future inflation settles near the middle of the target range and a rate cut is expected. The […]
We are currently experiencing a “Kondratiev Winter” stage in this stock market which is at its’ “tipping” point. This is where nominal to incremental highs on the SPX can be exceeded by 2%, but, by no more than 4%. I am observing a “MARKET FAILURE” right here and now. This is a BULL TRAP! Last […]
9 August 2016: Ajay Paliwal, OPG Power Ventures, says the current fiscal year has started well and the expectation is the record results recently published can be repeated. Ajay also talks about the move into solar power generation. Related Posts:Technical Analysis – Goldman Sachs stock gains on strong… April 15, 2024 Goldman Sachs shares pull […]
GBPUSD Earlier today the Sterling hit a one-month low, as the Bank of England policymaker Ian McCafferty commented that more quantitative easing was likely to be required if the UK’s economic decline worsens. In addition, a series of UK economic data released today also weighed on Sterling. The significant level at 1.30 was broken. The […]
The US Non-Farm Payroll (NFP) figure along with the unemployment rate of July will be released at 13:30 GMT today. The ADP figure released on Wed was 179,000 slightly increasing in comparison with the expectation of 170,000. On the 4 hourly chart of the dollar future index, the price has been bearish from 27th July […]
The spot price for gold is up 4.06% from 1313.77 on 26th July to 1367.16 on 2nd August, a three week high. Sterling has rallied since 27th July against the dollar mainly as a result from the weakening of the dollar. Many investment firms hold a bearish view on the sterling, and the market has […]
CEO of Solo Oil, Neil Ritson, elaborates on the company’s exciting ventures in Tanzania where there has been vast opportunities with advantageous low cost production. More locally, Neil talks of discoveries in Horse Hill and the Isle of Wight, but does concede times are tough in this challenging climate. Read more about Solo Oil: http://www.ig.com/uk/ig-shares/solo-oil-plc-SOLO-UK?CHID=9?QPID=1414138385&QPPID=1 […]
The Eurozone GDP QoQ rose by 0.3% in the second quarter, only half comparing to the figure of 0.6% in the first quarter. Eurozone GDP YoY was 1.6%, more than the expectation of 1.5%, yet still below the 1.7% seen in Q1. This can be associated with the 0% GDP growth in Q2 of France […]
The Atlanta Federal Reserve announced their second quarter GDP growth forecast of 1.8% from 2.3%. This was based on the data on wholesale and retail inventories in June released on Thursday by the U.S. Census Bureau. This was the first time that quarterly data from last month was provided ahead of the reveal of GDP, […]
Ben Kumar, Seven Investment Management, runs a quick eye over earnings at the tech giants including Alphabet, Amazon, Apple, Facebook, Netflix and Twitter. Ben also speculates on ‘what next’ in the drive for expansion. 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 […]
The Bank of Japan will its announce monetary policy statement along with interest rate decision on Friday 29th July. Market expectations are that BoJ will likely implement stimulus measures, even a rate cut further lower than the current negative rate of 0.1 %. Ahead of the BoJ’s statement, on Wednesday 27th July Kyodo News reported […]
Dr Jim Phillips, CEO of Midatech Pharma, talks about the impact of the Brexit vote on the European supply chain and tackles regulation, funding, weaker sterling and a potential lower corporation tax environment. Jim also elaborates on the opportune time to decide to move domicile. Read more about Midatech Pharma: http://www.ig.com/uk/ig-shares/midatech-pharma-plc?CHID=9?QPID=1414138385&QPPID=1 Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom […]
Fed will announce the interest rate decision along with the FOMC statement this evening at 7pm UK time. Markets expectations are that Fed will likely keep the rates unchanged at 0.5% as the overall economic outlook is not solid enough for a rate hike. The outperformance of the U.S. labour market, retail sales and ISM […]
West Texas Intermediate (WTI) spot hit 3-month low of $ 43.14 on Monday owing to market concerns on the U.S. oil oversupply, sluggish global demand and a strengthening dollar. Firstly, energy service firm Baker Hughes reported that the number of the active oil rigs in the U.S. has increased for the fourth consecutive week from […]
The Services PMI (month-over-month) released falling significantly from 52.3 in June to 47.4 in July, which is the lowest level since the April 2009 post-financial crisis. The indicator was surveyed from a variety of service sectors, a reading below 50 indicates economic contraction. The sharp fall was a result from the impact of the referendum […]
I was recently looking at the CNN money website where they post this fear & green index. I caught my attention because many other aspects of the market are now also showing signs an imminent correction in the stock market. This analysis is a contrarians play, meaning you believe that when mass majority of market […]
On Thursday afternoon 21st July, the Bank of Japan Governor Haruhiko Kuroda stated that there is no need to stimulate the economy with ‘helicopter money’, meaning the bank is not going to print large sums of money and distributing it to the public. After the statement was made, the yen strengthened against the dollar. On […]
Airline, Easyjet (EZJ.L) fell today after several negative news items hit the headlines. The companies Q3 results show that revenue has fallen in the period as a result of a drop in consumer confidence after several high profile terror attacks and the Eygpt Air disaster. For the period total revenue was down 2.6% and revenue per seat […]
Ben van Bilderbeek,CEO of Plexus Holdings, talks about the company’s current standing in the market as oil field well-head specialists. Having just partnered with Gusar & Konar in Russia, Ben says the company is set to take a share of the demand for high-pressure technology in Russia. Read more about Plexus: http://www.ig.com/uk/ig-shares/plexus-holdings-plc-POS-UK?CHID=9?QPID=1414138385&QPPID=1 Website: http://www.ig.com/uk?CHID=9&SM=YT Twitter: […]
Oil prices rebound as the US commercial crude oil inventory figure was released yesterday. With a reduction of 2.3 million barrels compared to the expectation of 2.1 million. It is the ninth consecutive drop in the US crude stockpile. West Texas Intermediate, WTI spot crude, has being oscillating in a downtrend channel since 9th June, […]
Overnight, the USD continued to hover near four-month highs against the other major currencies on Wednesday, as global growth concerns still weighed on market sentiment and as trading volumes were expected to remain light with no major U.S. data due throughout the day. Today, the market will focus on the ECB meeting (rate announcement & […]
The UK Claimant Count Change data released this morning was better than expected, and the GBP strengthened across the board. The number of people claiming for unemployment benefits slightly increased by 0.4K in June in the UK, comparing to the expectation of 3.5K and the previous figure of 12.2K. The unemployment rate also dropped to […]
As the USD strengthened, EURUSD plunged this morning, breaking through the significant psychological level at 1.10, the lowest point since 28th June. On the 4 hourly chart, the current price section is below all the EMAs, oscillating between the first downside trend line support at 1.0989 and the 8 EMA resistance at 1.102. The same […]
The US Building Permits and Housing Starts data released yesterday afternoon outperformed expectations. The former rose to 1.5% and the latter to 4.8% respectively, compared to the expectation of 0.6% and 0.5%, showing an increased demand in the US housing market. The dollar index future surged from 96.750 to an intra-day high of 97.180 on […]
On Friday, July 15th our exclusive filtered SpikeAlerts service nailed another winning trade to lock in a quick and easy $399+ profit in less than 10 trading hours for subscribers. This signal was sent out at 5:02pm ET which members were advised to buy UPRO, SSO, or ES futures contract in post-market trading hours. I should […]
The German ZEW Economic Sentiment and German ZEW Current Conditions data released this morning underperformed,the former falling significantly 26.0 points to -6.8 compared to the previous figure of 19.20. The latter falling to 49.8 compared to the expectation of 51.8. The DAX spot index fell from 10052.46 to a low of 9920.96 this morning, a […]
After opening lower and a slow start the FTSE100 has been moving up steadily this morning after better than expected news on UK inflation data. The UK consumer price index rose 0.5% for the year till June better than the expected 0.4% although these are still figures collected pre UK referendum. Royal Mail (RMG.L) was […]
