Jump to content

Blogs

US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers

US Dollar Price, Chart, and Analysis US dollar basket spikes above 96.00. Multiple Fed speakers on the docket.   The yield on the benchmark US 10-year US Treasury is currently testing a fresh one-month high around 1.65% with traders eyeing the mid-March 1.73% yield level as the next target. While the latest move higher in yields may need to be consolidated to move DXY out of heavily overbought territory – see below – the medium-term outlook for the dollar remains posi

MongiIG

MongiIG in Market News

Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?

US DOLLAR, TREASURY YIELDS, FED, BULLARD, AUD/USD, CBA, USD/JPY - TALKING POINTS: The US Dollar continues to break new ground as momentum gathers. Encouraging economic data and hawkish comments boost yields and USD. Commodities and currencies weaken against the Dollar. Will USD keep going? The US Dollar made a new high for the year on the back of solid data and more hawkish Fed commentary. US retail sales advanced 1.7% for the month of October, beating

MongiIG

MongiIG in Market News

GBP/USD Breaking News: BOE Rate Hike Almost Certain On Strong CPI Data

GBP/USD ANALYSIS UK Inflation: 4.2%, Est. 3.9%. December rate hike highly likely. GBP/USD upside reversal may continue on strong fundamental data.   UK INFLATION BEATS ESTIMATES BOLSTERING DECEMBER RATE HIKE POSSIBILTY Sterling popped against the U.S. Dollar after the UK inflation print beat estimates (see calendar below). This may well be the final nail in the coffin to confirm settle the rate hike debate and allow for Bank of England (BoE) governor

MongiIG

MongiIG in Market News

Australian Dollar Forecast: Wages Key to AUD/USD and RBA Outlook

AUDUSD, AUDNZD Price Analysis and News: Australian Wage Data Key for RBA Monetary Policy Considerations. AUD/NZD Elevated Relative to Bond Spreads. AUSTRALIAN WAGE DATA KEY FOR RBA MONETARY POLICY CONSIDERATIONS A plethora of RBA commentary overnight amid the release of the November meeting minutes as well as Governor Lowe’s speech. Within the RBA’s minutes, members noted that the risks to the inflation forecast had changed, as the distr

MongiIG

MongiIG in Market News

British Pound (GBP) Price Outlook: GBP/USD Rallying After Strong UK Jobs Data

GBP PRICE, UK EMPLOYMENT NEWS AND ANALYSIS: The latest UK jobs report was stronger than economists had predicted, with employment above expectations, the unemployment rate down and average earnings higher than forecast. That has made an interest rate increase by the Bank of England next month almost certain, although the markets are unsure how large it will be. In turn, that has helped GBP/USD recover a very small part of its recent losses, although the trend in the pair is s

MongiIG

MongiIG in Market News

Gold Price Forecast: XAU/USD Eyes US Retail Sales for Direction

GOLD, XAU/USD, US RETAIL SALES, TREASURY YIELDS – TALKING POINTS Gold prices look higher after big gain on inflation worries US retail sales may provide the key for XAU’s direction XAU/USD eyes psychological 1900 level as prices gain Gold’s recent upside appears to be stalling out after prices cleared a key level of resistance during last week’s big +2.64% gain. XAU is currently trading near the highest levels since early June despite rising Tre

MongiIG

MongiIG in Market News

EUR/GBP Pressured by Rate Expectations and Covid Cases, UK Inflation Data Looms

EUR/GBP Price, Chart, and Analysis: UK interest rate hike in December looking likely. UK inflation is set to rise further. EU covid rates turn higher. EUR/GBP traders will need to be alert over the next few days and weeks with a combination of hard data, BoE rate hike expectations, and rising covid cases in Europe will give further clues to the direction of the pair in the short term. In addition, ongoing talks between the EU and UK over the Northern Ireland protoco

MongiIG

MongiIG in Market News

Crude Oil Price Volatility Ahead of US-Iran Nuclear Deal Talks

CRUDE OIL PRICES, INFLATION, IRAN-US RELATIONS, IRAN NUCLEAR DEAL - TALKING POINTS: Crude oil are prices at risk ahead of key geopolitical development at the end of the month. US-Iran talks on 2015 nuclear deal could yield progress, apply downward pressure on oil. What are obstacles to reconciliation and other macro-fundamental factors swaying crude?   ALCHEMY OR AFFECTATION? IRAN NUCLEAR TALKS Crude oil prices are vulnerable to geopolitically-induced volat

MongiIG

MongiIG in Market News

The Week Ahead On The Markets

The Week Ahead Read about upcoming market-moving events and plan your trading week                                                                         Week commencing 15 November

MongiIG

MongiIG in Market News

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

MongiIG

MongiIG in Market News

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

MongiIG

MongiIG in Market News

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

ArvinIG

ArvinIG in Dividend Adjustment

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

MongiIG

MongiIG in Market News

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

MongiIG

MongiIG in Market News

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

MongiIG

MongiIG in Analyst piece

×
×
  • Create New...
us