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 […]
Europa Oil & Gas looking to drill a ‘high impact’ well onshore in the UK in early 2017 and working towards ‘half a dozen drillable prospects’ in Ireland. CEO Hugh MacKay discusses Europa’s opportunities and share price undervaluation. 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 […]
Alibaba shares have come a long way since their debut in Wall Street in 2014. Price has jumped to the $120 mark before tumbling all the way down to its lows at $57.50 in 2015 then has since climbed 28% year-to-date. What’s next for the Chinese giant and how will it affect global finance? […]
This morning the PM announced the timeline for the negotiations between the UK and the EU, by stating the intention to trigger Article 50 by March 2017. In addition, Chancellor Philip Hammond warned that Britain’s economy is facing a rollercoaster ride over the coming years during the process of negotiation to leave the EU. After […]
We got the UK Q2 GDP (YoY and QoQ) final readings this morning. The Q2 GDP YoY fell to 2.1%, compared to expectations of 2.2%, yet better than the previous figure of 1.9%. The Q2 GDP QoQ rose to 0.7%, better than the expectations and the previous figure of 0.6%. The marginal gain helped GBPUSD […]
Pinewood Studios is now 80 years old and has been behind some of the most successful films in the world, such as Harry Potter, Superman, Batman and the Bond series. As management at Pinewood discuss the future of the company as a standalone business, here we take a look back at some of the highlights. […]
Wei Li, head of investment strategy at EMEA iShares BlackRock, says ‘there are questions’ surrounding the banking sector, but it is in better shape now than it was when it faced the last financial crisis. 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 […]
USDCAD rallied yesterday with strong bullish momentum after Yellen’s hawkish testimony about a rate hike this year, touching the resistance level at 1.3280. Yet the rally was followed by a very deep retracement, giving up all the previous gains from 23rd onwards. The significant support levels at 1.3200 and 1.3100 were both broken. It rebounded […]
Amrita Sen from Energy Aspects says that its early days to know if the framework for the cuts will hold. Saudi Arabia, UAE Kuwait and possibly Iraq will lead the cuts and Iran will be expected to freeze at current levels. Related Posts:Overview of the EUR/USD pair. April 11th. The market… April 11, 2024 The […]
Today’s calendar features a lot of FED speeches including one from Janet Yellen. The big news yesterday was the news that OPEC reached a preliminary agreement on reducing the production of oil. This will be the first oil Production cut since 8 years. In US, Fed chair Janet Yellen said in her semiannual testimony that […]
John Butler, GoldMoney Wealth says a rise in UK money supply , along with a drop in sterling, could push inflation up to as high as 4% by the end of 2017. John discusses the effects of this and how to trade the potential event. Related Posts:Weekly Forex Outlook: 12/04/2024 – More inflation data on… […]
Former professional footballer Lee Sandford, TradingCollege.co.uk, discusses his strategies as an IG client, and how he trades. Lee talks about the basics including trends, how he uses moving averages and where he places his stops. 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 […]
As Google celebrates its 18th anniversary, with a self-congratulating Google Doodle, Chris Beauchamp and Jeremy Naylor look back at what’s been and also how to trade the stock from the near record highs. 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 […]
The three day OPEC meeting took place from Monday 26th September, in Algeria, although the Algeria Energy Minister stated that output cuts or a freeze are both possible. In fact, there are still conflicts of interest between Saudi Arabia and Iran. Iran aims to reach the pre-sanction output and regain its previous market share. It […]
GBPUSD has retraced since 22nd September after testing the significant resistance level at 1.3100 The trend remains bearish, yet it has reached the mid-term uptrend line support, which provides a stronger support. In addition, the daily Stochastic Oscillator is below 30, the price may hold at this level. In the near term, the trading pattern […]
Ursula Marchioni, chief strategist EMEA iShares BlackRock, says the ETP flows indicate that there is improved sentiment supported by the outcome of both the Bank of Japan and Federal Reserve rate announcements. Looking at September, global flows have been almost an exact 50/50 split across equity and fixed income: a contrast to the start of […]
AJ Bell investment strategist Russ Mould takes a speculative look at some of the big picture events that may steer markets in the fourth quarter. These include: US and European politics, central bank policy decisions and earnings. 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 […]
