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 […]
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 […]
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 […]
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 […]
