The Federal Reserve look set to begin tapering, but will markets continue to take it in their stride?
Inflation Price Federal Open Market Committee Interest rate Interest Interest rates
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CRUDE OIL OUTLOOK:
Crude oil prices may decline if the Fed dials up hawkish rhetoric.
OPEC+ unlikely to yield to US-led calls for faster output increase.
Chart positioning hints WTI momentum flagging at 7-year high.
Crude oil prices are trading water having settled in a range after hitting a 7-year high below the $86/bbl figure last week. An intraday bounce was capped yesterday as October’s US ISM manufacturing report showed sector growth slowing even as inpu
GBP/USD PRICE, NEWS AND ANALYSIS:
GBP/USD is weakening ahead of tomorrow’s monetary policy decision by the US Federal Reserve and Thursday’s policy announcement by the Bank of England.
The Federal Open Market Committee is expected to decide to wind down its bond-buying program but opinions are divided over whether the Bank of England will increase UK interest rates or leave them where they are.
GBP/USD TRENDING LOWER NEAR-TERM
GBP/USD is looking weak ahead of t
The yen is at its lowest level against the US dollar since late 2018. Will Fumio Kishida's election victory combined with continued ultra-loose monetary policy see the currency fall even further?
Forex Japanese yen Fumio Kishida Bank Abenomics Monetary policy
Post-earnings trade setups: HSBC, Ford, and Apple
With Q3 earnings season in full swing, HSBC, Ford, and Apple provide us with potential trading opportunities.
Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 29 October 2021
GBP/USD Price, Chart, and Analysis:
Tensions increase in UK/France fishing dispute.
Important BoE and Fed policy meetings next week.
Anglo-French relations are hitting a new low as the fishing row between the two countries escalates. France detained a British trawler yesterday, and is set to fine its owners, to the anger of the UK government who have now summoned the French ambassador to the UK for a formal explanation of France’s actions. The UK government will als
USD, EUR, ECB PRICE ANALYSIS & NEWS:
Euro Bounce on Lagarde’s Marginal Pushback.
Eyes on Month-End Rebalancing.
EURO BOUNCE ON LAGARDE’S MARGINAL PUSHBACK
The Euro has thus far held a large portion of yesterday’s gains, which stemmed from ECB President Lagarde’s marginal attempt at pushing back against current market pricing for ECB rate hikes next year. While the President noted that market pricing is not in line with ECB guidance, Lagarde then went on to say tha
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 1st November 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted o
WHAT IS COP26 AND WHY DOES IT MATTER FOR MARKETS?
Against the backdrop of rising energy prices leading to economic fallout for economies in Asia, Europe, and North America, COP26, a two-week event, is set to begin on October 31 in Glasgow, Scotland. The United Nations’ Conference of Parties (COP) was first held in 1995, and COP26 gets its name for this year’s meeting being the 26th iteration of such an event.
History of global temperature change and causes of recent warming
AMAZON, APPLE, EARNINGS, NASDAQ – TALKING POINTS
Amazon stock falls after-hours on earnings miss, disappointing guidance
Apple misses on revenue, stock price sinks after the New York closing bell
AMAZON THIRD-QUARTER EARNINGS
Amazon’s stock price dropped in after-hours trading following a disappointing third-quarter earnings release. The e-commerce company reported earnings per share of $6.12 versus an expected $8.92. Revenue also came in under expe
Uber Technologies results expected to show a smaller loss and move closer towards profitability.
Shares Uber Earnings before interest, taxes, depreciation and amortization Market trend Price Profit
Australian Bond Market:
GBP/JPY May Receive a Month End Boost.
ECB Unlikely to Provide Fireworks.
AUD: All eyes on the Aussie bond market after the AU 3-year yield surged 20bps after the RBA made no offer to purchase the 2024 April yield target bond and thus raising questions as to whether the Bank is giving up on yield curve control. In turn, the 3-year is now yielding 1.15%, up from 0.3% at the beginning of the month. A reminder that the Bank’s target is to cap the yield
Palantir’s share price is up close to 7% year-to-date. Can its upcoming results lift sentiments?
Shares Palantir Technologies Revenue Price Valuation IPO
Yeap Jun Rong | Market Strategist
EUR/GBP PRICE, NEWS AND ANALYSIS:
Trading in EUR/GBP will be dominated near-term by this session’s monetary policy announcement by the European Central Bank and its President’s news conference.
The ECB and President Christine Lagarde will likely remain dovish and that could weaken EUR/GBP and other Euro crosses.
EUR/GBP AT RISK OF SLIDING LOWER
EUR/GBP could be jolted lower by this session’s monetary policy announcements by the European Central Bank even though
The ECB have remained steadfast in their view that inflation is ‘transitory’, but will the bank remain an outlier with their patient approach to elevated inflation?
Forex European Central Bank Eurozone Euro Central bank EUR/GBP
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With Tesla’s share price surging more than 17% over the past week, what may be on watch?
Car Automotive industry Electric vehicle Climate change Revenue Technical analysis
Yeap Jun Rong |
KEY TALKING POINTS:
EUR/GBP finds support as traders prepare for ECB and BOE meetings.
GBP hawkish expectations leave ample room for disappointment.
EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been struggling for the last month, having come off almost 3% since hitting a new two-month hig
Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.
Try out our interactive trading quiz on forex patterns!
S&P 500, Dow Jones, Nasdaq 100 Outlook
China’s So-Called Lehman Moment
Global Tapering Underway
Throughout the third quarter, there had been somewhat of a reversal in the reflation trade as concerns over the peak in the global growth lingered, alongside the continued spread of the Delta variant. However, despite this, life after lockdown continues as vaccination rates across the globe pick up and while the latest concerns stemming from China have catalysed majo
GBP/AUD PRICE, NEWS AND ANALYSIS:
Rising inflation has become an important driverof foreign exchange rates recently but data from Australia Wednesday showed a surprisingly large fall year/year.
By contrast, the scope for UK Chancellor of the Exchequer Rishi Sunak to boost the economy in today’s UK Budget will likely be held back by increases in inflation that have raised the cost of servicing the national debt.
That’s broadly positive for GBP/AUD as it approaches an important
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