USDCAD has been moving along the downside uptrend line support since 19th October, due to the recent strengthening of the dollar. The current price is still holding above the support line. Yet it is trading below the mid-term major resistance level at 1.3400, the selling pressure above this level is heavy, the price will likely […]
As the UK celebrates the 30 year anniversary of London’s ‘Big Bang’, David Buik looks at how the financial landscape has changed. He says the future of the UK’s financial markets after Brexit is ‘all about negotiations’, and that there are ‘wonderful deals to be done if there is a proper attitude’. Buik thinks exchange […]
Today’s economic release features GDP for Q3 in the UK. Markets will also focus on any hints for an OPEC deal as markets have started to lose faith in such a scenario. Yesterday, EIA oil data revealed undersupply, which helped push oil prices 2% after the data. Currencies: Dollar retreated mildly yesterday, however chances for […]
The Chinese government is on a mission to transition to greener energy sources and this opens up a vast amount of opportunities for companies such as Green Dragon Gas which has been operating in the country for over twenty years. The CEO talks to IG about the desire to grow and what it needs to […]
Vodafone has been fined £4.6 million after it breached consumer protection rules. Ofcom found that the company has misled pay-as-you-go customers and has not handled customer compaints appropriately. IG analyst Chris Beauchamp takes a look at the share price, and what to watch for when placing a trade. Website: https://www.ig.com/uk?CHID=9&SM=YT Twitter: https://twitter.com/IGcom Facebook: https://www.facebook.com/IGcom Google […]
Value investors are constantly on the lookout for underpriced financial assets that could be parlayed into something of much greater value in the future. Although hindsight is always 20/20, it’s extremely difficult to predict which low-priced stock will become the next Microsoft or Apple. Penny stocks – shares that can be traded for under $5 […]
As an all session stock on the IG platform you can trade the Apple chart after the US close as it reports earnings today. Ahead of the numbers we look at the consensus forecasts and the long term resistance built into current prices. As Jeremy Naylor explains that even if the stock does close up […]
USDJPY has been bullish and trading above the near term uptrend line support since 27th September, helped by strengthening of the dollar. Yesterday we saw the release of the US Markit Manufacturing PMI for October, rose to 53.2, surpassed expectations of 51.5, hit a 12-month high. The outperforming figure pushed USDJPY up and tested the […]
John Rowland, executive director at Cicero, tells IG that the British Bankers Association is making a robust position in an effort to ensure that London-based banks can remain, but he also says negotiations may well take 5 years. 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 […]
IG technical analyst Joshua Mahony looks at the media-deal of the century and analyses the stock charts in the context of considerable opposition from both sides of the political divide. 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 […]
This morning we saw the release of the German and Eurozone Markit Manufacturing, Services and Composite PMI figures for October, all better-than-expected and the previous figures. The outperforming readings pulled EURUSD away from the support line at 1.0850. EURUSD has been oscillating in a downtrend channel since the beginning of October, due to the strengthening […]
Sam Sheehan, Autocar, says Tesla, which is becoming the Apple of the auto world, is getting closer to full ‘auto-pilot’ but it is still someway off for all roads. He says that on open, multi-lane roads the autopilot functionality will be able to work, but on smaller city and rural roads where the visual distance […]
The DAX index has rebounded 5.6% since 30th September, and the bullish momentum has been strengthened since 13th October, as markets looked forward to clues of further easing measures from Thursday’s ECB statement. Yet it is currently trading below the short term major resistance zone between 10750 to 10800, the pressure is heavy at this […]
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 […]
October is an important month for the US stock market seeing as the SPX has delivered an average of 1.9% returns during the month. This month also happens to keep the investors on edge with the most number of 1% moves in the index since 2000 as shown on the table below. Considering the historical […]
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 […]
