Happy new year to all of you and may the new year bring us a step closer to what all of us are looking for. In the first official trading day of the new year, trading is expected to be subdued due to the lack of major economic news releases. Japan is also still on […]
The FTSE index has seen a 14.72% gain this year. The trend has turned upwards after hitting a 3-year-and-seven-month low of 5495.05 on 11th February. The price has been held above the mid-term major support at 6600, oscillating in a range between 6600 – 7100. The bullish momentum has increased since 5th Dec, helped by […]
GBPUSD has turned bullish, and been trading above the downside uptrend line support since 25th Oct, due to the strengthening of the Sterling. As a result of a strong dollar caused by the Fed’s interest rate decision and announcement, GBPUSD has retraced with a long bearish candle, and the downside support line was broken on […]
Ron William, from RW Advisory, brings his case for more dollar strength leading to a ‘parity’, plus trade for EUR/USD. Ron uses technical analysis to anticipate the minimum price objective for the dollar basket and EUR/USD. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
Simon Lidington, CEO Big Sofa, highlights the ‘significant lead’ that he says the company has over its competitors. Utilising its strength Mr Lidington discusses expansion in the US and the investment case for buyers of the stock. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
As the Federal Reserve raises rates James Stanley from DailyFX looks at the impact on the dollar. He says it is the ‘US against the world’ as there are not many economies looking at tighter policy options which could expose further strength in the dollar, and that could create a hindrance to the recovery in […]
Looking ahead to a busy new year, Robin Young, CEO of Amur Minerals, says it is hoped that recent developments will have a ‘substantial impact, on the company. Robin also updates on the ‘fully funded’ plan for 2017. The comments in this video do not constitute investment advice and IG accepts no responsibility for any […]
Bryan Noble from http://tradernoble.com/ looks at what it will take to get the Dow Jones above 20,000 and explains why the S&P 500 is still the key market to watch going into 2017. He also looks at the FTSE and says it is a very narrow focused market, but it needs to clear 7060 to […]
IG technical analyst Josh Mahony acknowledges that this time last year the Dow reacted to the Federal Reserve interest rate hike with a 10% appreciation. A year later we’re asking how likely it is that we’ll see the same. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
EURUSD has rebounded since 12th Dec, after testing the near term major support level at 1.0530. This morning we have seen a sell off after the price tested the resistance level at 1.0660. The current trading pattern is likely to oscillate in the range between 1.0600 – 1.0660. The resistance level is at 1.0660, followed […]
Today’s main event is undoubtedly the FOMC rate decision which will be accompanied by a statement in regards to future economic projections. The market widely expects the FED to increase US rates by 0.25% so an actual increase will not likely cause a lot of volatility. The main focus of market participants will be the […]
We have seen the release of a series of the UK inflation figures for November this morning. PPI and Core PPI (YoY) were lower than expectations, yet better than the previous figures. CPI and Core CPI figures were slightly higher than expectations. GBPUSD has held above the support level at 1.2550 since 8th Dec, after […]
Jeremy Naylor looks at GBP/EUR and GBP/USD ahead of the Bank of England rate decision on Thursday. Ian Shepherdson, from Pantheon Macroeconomics, says expect no rate move but watch the effects of rising inflation and slowing growth. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
OPEC held a meeting last Sat 10th Dec in Vienna, although only 5 out of 16 countries attended, including Russia, Kazakhstan, Oman, and Mexico. Yet an outcome of output cut was reached for the first time for OPEC and Non-OPEC countries, since 2001 to cut oil output. Despite the Baker Hughes US oil rig count […]
Dr Ian Shepherdson, chief economist at Pantheon Macroeconomics, says that while US rates will rise by 0.25% on 14th December, the central bank needs to continue to move rates up or wages will spiral up out of control. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
GBPUSD has seen a substantial fall of 1.155% from 6th to 8th December, after testing the resistance level at 1.2750. Yesterday the price has rebounded after testing the support level at 1.2550. This morning we have seen the release of a series of the UK figures. The Consumer Inflation Expectations was 2.8%, surpassed the previous […]
The Italian referendum weighed on EUR/USD, fell to a year low of 1.0506 on 5th December. It was followed a quick recovery, as a result of the rebound of the Euro after testing the significant support level at 1.0500. Yet it retraced after testing the significant resistance level at 1.0800. On 6th December, EUR/USD has […]
Violent Bond Selloff: An Eye-Opening Perspective In Elliott wave terms, bond investors have transitioned from extreme optimism to extreme pessimism By Elliott Wave International [Editor’s Note: The text version of the story is below.] ********* What a rout in the bond market in November (Bloomberg, Dec. 1): Global Bonds Suffer Worst Monthly Meltdown as $1.7 […]
AUDUSD has seen a significant retracement since the US presidential election, as a result of the strengthening of the dollar. We saw the release of the Australian Q3 GDP YoY figure overnight, was 1.8%, much lower than expectations of 2.5% and the previous figure of 3.3%. The weak GDP figure weighed on the Aussie, it […]
Chris Boxall, Fundamental Asset Management, discusses his AIM Portfolio which is up 27% year-to-date. Having lost two stocks to takeovers he has replaced them with Patisserie Holdings and Watkin Jones. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
The outcome of the Italian constitutional referendum drove the DAX index down to a low of 10426.60 yesterday, yet it was followed by a sharp reversal, hitting a week high of 10743.25. The intraday volatility was about 316 points, or a 3.04% rebound. Yet the current price is trading around the near term major resistance […]
Wei Li, EMEA iShares BlackRock, says that the Italian banking sector is likely to remain fragile until Italian politics regain a firm base. Wei also discusses ECB tapering in the context of recent news and the pressure for EUR/USD. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
The Italian referendum was held yesterday, the outcome turned out to be rejection, in line with polls. The Italian PM Renzi subsequently announced his resignation. During the opening of the Asian session on Monday 5th December, the outcome of the referendum weighed on EUR/USD, fell to a year low of 1.0506. Yet it was followed […]
Chris Beauchamp and Jeremy Naylor look at the Italian benchmark FTSE MIB index and highlight the way to trade Italian banks through IG’s CFD platform. Chris talks about the frailties of Italian banks. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
BlackRock’s Ursula Marchioni says banks could see a short-term relief rally in case of a ‘Yes’ vote against expectations of Prime Minister Matteo Renzi pushing his bank reform agenda through the Senate. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
Lothar Mentel, Tatton Investment Mgt, says the ECB rate decision may bring a tapering of its bond buying. However, he says, in the event of a big ‘No’ vote in the Italian referendum the ECB will want to ‘play down any excitement’. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
Moving Averages Can Identify a Trade These 3 charts help you understand how moving averages work By Elliott Wave International Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average value of […]
Jon Diver, Joint MD, and Mark Dowding, FD of Character Group, say it fully expects 2017 to be as buoyant as 2016 and, with its new stable of toys, including Stretch Armstrong, it remains the sector’s biggest player. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
Ron William, RW Advisory, discusses a bullish dollar. Ron looks at testing multi-year highs for DXY, a bullish dollar pushing EUR/USD to parity and, despite an overbought momentum indicator, a continuation of the trend in USD/JPY. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
Mike Ingram, BGC Partners, says that while a ‘No’ vote is now priced into the markets for the Italian Referendum, there may still be volatility in the event of a ‘No’ vote as the political manoeuvring will then start. Website: https://www.ig.com/uk?CHID=9?QPID=1414138388&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 […]
