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GBP/USD Remains Under Pressure From the US Dollar and Article 16 Fears

GBP/USD Price, Chart, and Analysis: Little support seen for GBP/USD. EU/UK discussions continue over NI protocol.   Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The US dollar continues to dominate price action in the FX-space, leaving a range of currencies at the risk of making multi-month and multi-year lows, including GBP/USD. The latest US dollar rally, sparked by data showing US inflation at a 30-year high, has

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Australian Dollar Sinks on US Dollar Gains as CPI Fall Oout Continues. Where To From Here?

AUSTRALIAN DOLLAR, AUD/USD, US DOLLAR, US YIELDS, GOLD - TALKING POINTS: The Australian Dollar has accelerated lower after Wednesday’s CPI. APAC equities were mixed, crude oil is down a bit and gold is firmer. The market is testing the Fed’s resolve. Will US rates hit AUD/USD?   The Australian Dollar has lost ground to the US Dollar with US yields continuing higher in the aftermath of an eye watering CPI on Wednesday. All across the US curve, rates went north i

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Dividend Adjustments 15th November 2021 - 22nd November 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th 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

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Article 16: Why Triggering it Risks an All Out UK-EU Trade War

ARTICLE 16 EXPLAINER: UK-EU Tensions Rise Over Northern Ireland Protocol. UK to Trigger Article 16 Should Talks Fail, Raising Trade War Risks. OVERVIEW Tensions between the UK and EU have been on the rise in recent weeks, as both parties have yet to resolve their differences over the Northern Ireland Protocol. In turn, should the UK and EU fail to bridge the gap in talks, the UK have threatened to trigger Article 16. WHAT IS ARTICLE 16? Article 16 deals with

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British Pound (GBP) Price Outlook: GBP/USD Sliding Towards Support as UK GDP Disappoints

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is edging closer to a support line connecting the lower lows in place on the daily chart since late May. It has not been helped by either a stronger US Dollar after yesterday’s hot US inflation numbers or by a mixed bag of UK GDP data released earlier in this session.   GBP/USD WEAKENING GBP/USD is edging lower towards support from the downward sloping channel that checks in currently around 1.3315. If that should break, the pair

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How to Trade the Impact of Politics on Global Financial Markets

HOW TO TRADE GEOPOLITICAL RISKS, JAPANESE YEN, US DOLLAR, EURO, BRAZILIAN REAL, INDIAN RUPEE, 2016 ELECTION – TALKING POINTS The global economy is showing increasing weakness and fragility. Eroding economic fortitude exposes markets to geopolitical risks. Examples of political threats in Asia, Latin America and Europe. See our free guide to learn how to use economic news in your trading strategy! ANALYZING GEOPOLITICAL RISKS Against the backdrop of eroding

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USD & Cross Asset Reaction to US CPI, AUD Headwinds Ahead of Jobs Report

US CPI, AUD Analysis and News: Large Deviation From Consensus Needed in CPI to Awaken FX. Australian Jobs Data in Focus, Depressed Iron Prices Weigh on AUD Sentiment. The main event of today will be the latest US CPI report, where expectations are for the headline to rise 0.4ppts to 5.8%, while the core figure is seen up 0.3ppts to 4.3%. In turn, this would mark a sixth consecutive month of inflation above 5% with the core reading at 4% or more for the fifth month in a ro

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British Pound (GBP) Price Outlook: GBP/USD Shrugs Off Row Over MPs' Second Jobs

GBP PRICE, NEWS AND ANALYSIS: GBP/USD continues to trade broadly sideways despite an ongoing row over whether former Conservative Attorney General Sir Geoffrey Cox broke any rules while earning more than £800,000 representing the British Virgin Islands Government in a corruption case. Even though this has come in the wake of the resignation of Conservative MP Owen Paterson after he was found to have breached lobbying rules over his £110,000 per year private-sector work, GBP/USD has

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Technical vs Fundamental Analysis in Forex

UNDERSTANDING THE DIFFERENCES BETWEEN FUNDAMENTAL AND TECHNICAL ANALYSIS IN FOREX TRADING There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? In this article we will explore what the difference is between these two types of traders and which pieces of information forex traders in particular tend to look at. Technical vs fundamental analysis comparison   TECHNICAL ANALYSIS

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Gold Price & Silver Technical Analysis: Nearing Big Levels

GOLD/SILVER TECHNICAL OUTLOOK: Gold heading into confluent resistance, intermediate and long-term. Silver heading towards neckline of inverse head-and-shoulders pattern.   Gold price has been a ranging mess the past few months and how major confluent resistance gets treated here very soon could determine whether that continues to be the case or not. There is a trend-line running down from the August 2020 high that makes up the top of a large wedge pattern. This is in

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US Dollar Hit as Treasury Yields Fall. Fed Warns of Risky Asset Price, Will USD Rally?

US DOLLAR, TREASURY YIELDS, USD, FEDERAL RESERVE, S&P 500 - TALKING POINTS: The US Dollar slipped with yields as Fed leadership change bets slightly rise. APAC equities and currencies were mixed with Japanese Yen outperforming. The Fed warned on the prices of risky assets, will USD resume its uptrend?   The US Dollar lost ground today on news that Federal Reserve Governor, Lael Brainard, was interviewed for the top job at the central bank. She is seen as mo

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US Dollar Technical Outlook: Capped by Resistance, for Now

USD TECHNICAL OUTLOOK: DXY hit resistance via the March 2020 low. Friday’s reversal day suggests a little weakness from here. Lines and levels to watch in the days ahead. US DOLLAR TECHNICAL OUTLOOK: CAPPED BY RESISTANCE, FOR NOW The US Dollar Index (DXY) ran into the pivotal March 2020 low, the trough created during the early days of the pandemic. It was a panicky low that made it an important

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British Pound (GBP) Outlook Strained as Article 16 Fears Flare Up

EUR/GBP PRICE, CHART, AND ANALYSIS EU/UK relations continue to sour. Sterling supported for now but article 16 fears remain. Retail traders shun EUR/GBP.   Keep up to date with all market-moving data releases and events by using the DailyFX Calendar According to a raft of media outlets, the EU may suspend the Brexit trade deal if the UK triggers article 16, as has been suggested, as the relationship between the two sides continues to deteriorate. Article 1

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Tesla Drops as Elon Musk Proposes to Sell 10% Tesla Stake After Twitter Poll

Tesla (TSLA) Analysis & News: Elon Musk Proposes to Sell 10% Stake in Tesla in Twitter Poll. Poll Result in Favour of “Yes” Tesla Gaps Lower by 7.5%, But Don’t Rule Out Quick Recovery. Over the weekend, Elon Musk took to Twitter to tweet a poll, saying that “much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock”. He added that he would abide by the results of the poll. As such, the final results of the

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