The very strong relief rally following the French elections caused Stock markets globally to climb upwards. The election outcome was in line with polls, with Pro European Candidate Macron probably gaining the Presidency with a 60% chance on May 7th. With political uncertainty related to the French presidential election cleared (for now at least), focus […]
EUR/USD has rebounded since April 11, as a result of the weakening of the dollar. The outcome of the first-round voting of the French presidential election was revealed on Sunday night April 23. As consensus, the top two candidates: the independent centrist Macron and the far-right wing Le Pen, won 23.7% and 21.7% of votes […]
24 April 2017: With the company seeing record high share price, 13% rise in pre-tax profit and a 12.4% rise in H1 dividend, CEO Andrew Jacobs says the only thing that keeps him up at night is where to find the next site to develop. Related Posts:XAU/USD: what are odds of further growth after US […]
In France, Emmanuel Macron (independent) and Marine Le Pen (Far right) have come out as the 2 leading candidates of the first round of the presidential elections. The Second round will take place on May 7th with Polls indicating that Pro-EURO Macron will prevail. With the market now partially relieved that FREXIT will not happen […]
EUR/GBP has retraced since March 13. Tuesday April 18, EUR/GBP hit the lowest level of 0.8312 since December 5, due to the UK early general election shock. However, the downtrend was held above the significant mid-term major support level at 0.8300 since then. The first-round voting of the French presidential election will be held this […]
Monday April 17, USD/JPY hit the lowest level of 108.12 since November 15, as a result of the strengthening of the yen on markets’ safe haven demand. However, the bearish attempt was held above the 108.00 support line since Monday. On the 4-hourly chart, the 10-SMA crossed over the 20-SMA from below on Wednesday, the […]
EURJPY had been trading along the upside short-term downtrend line resistance since March 22, saw a record losing streak. It was caused by the strengthening of the yen pushed up by markets’ risk aversion sentiment. This morning we saw the release of the Eurozone CPI and core CPI for March (YoY), were 1.5% and 0.7% […]
The UK Prime Minister Theresa May made a speech this morning at 10 Downing Street. She stated that the Cabinet had agreed to call an early general election, to be held on June 8. The UK government is determined to execute Brexit process and negotiation with the EU, and this is the right decision for […]
3 April 2016: Oxford Biomedica CEO, John Dawson, talks to IGTV about how the company plans to manage its debt and relationship with Novartis. Related Posts:Hidden Factors: Why do stock yields and treasury bond yields… October 27, 2023 The world of financial investment has entered a challenging era.…U.S. Q3 growth outpaces forecasts despite economic hurdles […]
The US EIA crude oil inventories figure (the week ending April 7) released on Wednesday, saw the biggest drop in 2.166 million barrels this year. However, the figure failed to push oil prices higher. WTI and Brent crude oil spot retraced around 1%, and 1.13% respectively on Wednesday. The reasons for the fall comprise both […]
12 April 2017: DailyFX analyst David Song talks us through what to expect from the major indices over the next couple of months and the risks they face. One laggard, he picks out is the Nikkei 225 which has hit fresh 2017 lows, This week BoJ Governor Kuroda reiterated the central bank’s resolve to maintain […]
The dollar index plunged around 0.31% on Tuesday, falling from the psychological resistance level at 101.00 and hitting a 2-day low of 100.49. The downtrend was held above the support line at 100.50. This morning during the European session, the dollar index saw a rebound. USD/CAD has fallen 0.8% in past one week. The bulls […]
EUR/USD has turned bearish since March 28, as a result of the strengthening of the dollar. It has plunged almost 2% from March 28 to April 10. However, EUR/USD has rebounded since Monday April 10, after hitting a 1-month low of 1.0568. This morning, we saw the release of a series of German and Eurozone […]
AUD/USD has turned bearish since March 30, seeing 6 bearish sessions out of the 7 trading sessions, marking the worst weekly performance this year. The slump was caused by the strengthening of USD and the fall in iron ore prices. The current trend remains bearish, on the 4-hourly chart, the price still trades below the […]
10 April 2017: The looming elections in France are fueling market uncertainty with all four front runners offering a different route for France, especially Marine Le Pen, who wants to remove France from the EU. Related Posts:Market Comment – Dollar and equities trade higher in… April 10, 2024 US Dollar and stocks are in the […]
7 April 2017: Jeff Moore, Global Risk Insights, says that so far as both president Trump and president Xi meet with a view to wanting a result, Trump may have the upper hand. He adds that the events in Syria may now overshadow the meeting. Related Posts:The dollar has laid out its trump cards, it’s […]
EUR/GBP downtrend was held above the significant support line at 0.8500, after hitting a 5-week low of 0.8485 on March 31. EUR/GBP bulls failed to gain the near-term major resistance level at 0.8600 on April 5, as the pressure at the level is heavy. The bulls have regained momentum since this morning, as a result […]
5 April 2017: Chris Beauchamp and Jeremy Naylor discuss the potential read across from Wednesday’s strong private payrolls from ADP into Friday’s non-farm number. Chris looks at the potential trade on EUR/USD, S&P 500 and the US Financials ETF. Related Posts:Will Friday’s data add to hopes of UK exit from recession? –… April 9, 2024 […]
Oil prices have rebounded since March 27, trading above the short term 10 and 20 SMAs on the 4-hourly chart. The rally was helped by OPEC’s consideration of a 6-month output cut extension, and a noticeable drop in EIA crude oil inventories figure (the week ending March 24). Although OPEC member states have executed the […]
The European Central Bank president Draghi will make a speech at 15:30 BST today, it will likely affect the Euro and Euro crosses. EUR/GBP has rebounded since yesterday, after hitting a 5-week low of 0.8485. The bulls attempted to test the near-term major resistance level at 0.8600 in early morning, where the 10-day SMA converges […]
3 April 2017: Mike Ingram, BGC Partners, says traders can reasonably expect a rise in volatility with Trump expected to face further hurdles, the French elections and the ongoing Brexit talks. Mike also warns on another rate rise in the US. Related Posts:Week Ahead – ECB decision and US inflation to fuel FX… April 7, […]
EUR/USD has seen a substantial retracement since March 27, after testing the significant resistance level at 1.0900. The price has been trading below the 10 SMA since then, indicating the upside selling pressure is still heavy. On the 4-hourly chart, the price has been holding above the 200 SMA since March 31, where there is […]
The dollar index has rebounded noticeably from a 4-and-a-half-month low of 98.85, helped by outperforming US consumer confidence for March, and recent Fed comments. This morning, the dollar index rallies and touches a 1-week high of 100.02. Monday March 27, USD/JPY hit the lowest level of 110.10 since November 18, caused by the slump of […]
30 March 2017: Karim Chedid, Blackrock, looks back at the failure of the healthcare bill and says the fact that US equities did not sell-off some of the ‘Trump trade’, as has been seen by the dollar, US equities could underperform in Q2 over Europe. Related Posts:What’s next for markets amid Israel-Iran tensions? – Special… […]
29 March 2017: Tim Martin, the chairman of JD Wetherspoon, says there is no need to rush into a trade deal. According to him, if the EU wants to a deal – great, if not – the UK negotiators should walk away. Meanwhile, the pub industry in the UK is doing ‘pretty well.’
Clive Carver, chairman of Caspian Sunrise, tells IG that the company would be disappointed if it was not able to more than double its current 1,500 barrels of oil production per day this year. Website: http://www.ig.com/uk 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 […]
Tuesday evening, March 28, the Scottish parliament has voted by 69 to 59, in favour of holding a second independence referendum. GBP/USD has slumped more than 220 points since Tuesday, from a psychological level at 1.2600, to a 1-week low of 1.2376, breaking the support level at 1.2500. This morning, the bulls have recovered the […]
The DAX index has been oscillated in the range between 11900 and 12100 since early March. Monday, we saw the release of German IFO expectations, current assessment and business climate figures for March, all better than expectations and the previous figures. The outperforming IFO figures provide DAX some support. At present, the trend remains bullish. […]
27 March 2017: Falcon Media House is the first media tech company to list in London in ten years. Its OTT or ‘over the top’ streaming service is aimed at overcoming the buffering issues that beset streaming companies. Related Posts:Weekly Forex Outlook: 08/12/2023 – Will the central bank… December 8, 2023 Fed, ECB, BoE and […]
This morning GBP/USD reached 1.2597, the highest the pair has attained since February 2, helped by the slump of USD caused by Trump’s healthcare bill failure. GBP/USD has been trading above the downside uptrend line support since mid-March. The significant psychological resistance level at 1.2500 was broken today during early Asian session. The bulls are […]
