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 […]
India’s Stock Market: Nothing “Random” About It See how beautifully India’s 8-year long bull market follows a clear Elliott wave fractal pattern By Elliott Wave International Every day, the mainstream financial experts attempt to explain away fluctuations in stock market trends with some “fundamental factor” du jour, all of which boil down to this: good […]
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 […]
3 Killer Charts, 2 Fast Looks at Politics By Elliott Wave International Global Market Perspective is Your Roadmap to Global Investment Opportunity Covering more than 40 markets on 50-plus pages each month, Global Market Perspective prepares subscribers for opportunities around the world. Get the latest forecasts for U.S., Asian-Pacific and European stocks and economies, global […]
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 […]
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 […]
James Stanley from Daily FX explains what is behind the recent move up in the US currency. James also discusses the points to watch as a basis for where the dollar goes from here as traders await the US jobs report and rate decision. 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 […]
Glen Parsons, Mariana Resources, says it is ‘in a very fortunate with so much cash’ on its books. Glen talks about ‘unlocking’ shareholder value from its flagship Hot Maden asset in Turkey and Mariana as a possible takeover target. 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 […]
GBP/USD has turned bullish, and been trading above the downside uptrend line support since 25th October, due to the strengthening of the Sterling. This morning we saw the release of the UK Consumer Credit and Mortgage Approvals figures for October, were 1.618 billion and 67.518 K, both better than expectations of 1.5 billion and 65 […]
Jeremy Naylor looks at the apparent success of the Black Friday experience here in the UK and the follow on Cyber Monday and suggests the FTSE 350 retail sector may not benefit. Jeremy also charts Amazon, Apple and Walmart in the US. 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 […]
USD/JPY has seen a substantial gain of 7.68% since the US presidential election, due to the firming of the dollar. The price has been moving along the downside uptrends line support from 9th to 25th November, indicating strong bullish momentum. Yet on the 4 hourly chart, the price broke the trend line support on 28th […]
Malcolm Pinkerton, Kantar Retail, says retailers will have been working hard to prepare the ground for cyber-Monday to enable them to entice shoppers online while at the same time maintaining as much margin as possible. 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 […]
