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FOMC Event Risk: How Will the Market React?

USD, Fed Price Analysis & News Markets on Tenterhooks Ahead of Fed Meeting All Eyes on the Dot Plot Again Markets on Tenterhooks Ahead of Fed Meeting Despite some overnight excitement with the latest actions in China regarding Evergrande. FX markets have been stuck in the usual pre-FOMC lull during the London session. As the time nears for the eventual Fed taper, market participants will be keeping a close eye on whether any explicit details are mentioned in tonig

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Crude Oil Jumps as Risk Turns On Evergrande Debt Deal, FOMC Ahead. Will Prices Rally?

CRUDE OIL, EVERGRANDE, PBOC, BOJ, AUD/JPY, NZD/JPY, FOMC - TALKING POINTS Crude oil prices find support as China resolves systemic issues, for now APAC equities move higher from early lows, but end mixed on the day Risk-sensitive currencies and commodities rally. Can crude keep going? Crude oil, and the markets in general, breathed a sigh of relief as Evergrande announced it had struck a deal to pay bond holders on Thursday. The filing was not spec

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British Pound (GBP) Price Outlook: GBP/USD Stabilizing on Evergrande Relief

GBP PRICE, NEWS AND ANALYSIS: The embattled Chinese property company Evergrande’s main unit, Hengda Real Estate, has said it will make a bond interest payment Thursday after private negotiations with bondholders. That has eased fears of widespread market disruption, and boosted riskier assets such as stocks and currencies like the British Pound, despite concerns that Evergrande could still default on its debts.   GBP/USD STEADIER ON EVERGRANDE NEWS GBP/USD is ste

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Fed Taper Focus May Help Stall the S&P 500’s Collapse, Dollar’s Charge

S&P 500, Evergrande, Risk Trends, FOMC and Dollar Talking Points The week has opened to a distinct risk aversion with the S&P 500 putting in for a prominent trend reversal Risk aversion is more than just a single region or asset class sliding, and fear seems to be on the rise with plenty of fundamental fuel to keep the fire burning The power of anticipation may work to quell a meltdown as markets await the FOMC decision, but beware should fear persist despite the even

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British Pound Technical Analysis – Trends and Reversals: GBP/AUD, GBP/NZD, GBP/CAD

GBP/AUD, GBP/NZD, GBP/CAD - TALKING POINTS Since making a new high, GBP/AUD has been struggling to hold ground of late GBP/NZD consolidates after a volatility spike on the move down in late August Positive sloping trend lines are still in place for GBP/CAD. Will that continue?   GBP/AUD TECHNICAL ANALYSIS Since making a 15-month high at 1.9154, GBP/AUD has bounced off a support level at 1.8527 and consolidated within a range. Since rallying from that low,

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Evergrande Contagion Fears Take Over Market Sentiment, Global Stocks Dip

TALKING POINTS: Global equities slump as Evergrande contagion takes center stage DAX 40 and S&P 500 key levels to watch   Global stocks are trading deep in the red this morning as markets catch wind of the potential domino effect the demise of China’s real estate giant Evergrande could have. It will be the moment of truth this week as the indebted developer is scheduled to make interest payments on two bonds this Thursday after having failed to meet payments to su

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Dividend Adjustments 20th September 2021 - 27th September 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20th September 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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USD Price Action: US Dollar Rallies to Sept High, Focus Shifts to the Fed

US DOLLAR TALKING POINTS: The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data. Next week brings the September FOMC rate decision and it’s a quarterly meeting, which means we’ll get updated projections and forecasts. The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.   The US

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IG Webinar: The importance of psychology in trading

Hello IG Community   Delve inside your mind How does psychology impact trading? Discover the factors that can influence financial decisions – personality, emotions and moods, biases and social pressures – and hear from experts and traders about the challenges psychology can create.   Webinar We are glad to inform you that we will be hosting a webinar on the importance of psychology in trading with Christopher Beauchamp, IG's Chief Market Analyst, he will intro

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British Pound Slips After Data, Still Tied to Range. Can GBP/USD Break Out Ahead of FOMC?

BRITISH POUND, GBP/USD, US DOLLAR, ENERGY, COMMODITIES - TALKING POINTS The British Pound weakened after data but managed to hold some levels Energy commodities calmed down today, as did most asset classes in Asia With FOMC next week, is this a quiet before the price wrecking storm?   The Great British Pound moved lower after US and domestic data today. Energy commodities took a breather in the Asian session, as did most equity, bond and currency markets.

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US Dollar Spikes on Stellar Retail Sales, Gold Breaks Down to Key Support

US Dollar Analysis & News USD Surge Following Retail Sales, Hawkish Fed Up Next? Stellar US Retail Sales USD Surge Following Retail Sales, Hawkish Fed Up Next? A stellar retail sales report takes the USD to fresh session highs and raises the probability of a more hawkish Fed at next week’s meeting. A beat across the board in the data where consensus had been looking for a contraction or flat. Now while the prior readings were revised lower, this has been shrugged

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British Pound (GBP) Price Outlook: GBP/USD Edging Lower But Range Holds

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is edging lower in early European trade Thursday but remains within the range between just over 1.39 and just under 1.38 that has contained price action for the past week. News of an extensive Cabinet reshuffle by UK Prime Minister Boris Johnson has had little impact on GBP. GBP/USD EASES BACK GBP/USD is slipping back modestly Thursday, with small losses recorded in Asian trade continuing into the European session. However, it rem

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Canadian Dollar Latest: CPI Higher, CAD Faces Upside Risks

Canadian Dollar Analysis & News Canadian Inflation Continues to Edge High – BoC Vigilant Upside Risks to CAD as Oil Edges Higher Canadian Inflation Continues to Edge High – BoC Vigilant Canadian Inflation data printed above expectations on both the monthly and yearly rates at 0.2% (vs 0.1%) and 4.1% (vs 3.9%) respectively. Meanwhile, the BoC’s preferred measure (average of median, trim and common CPI) rose to 2.56% from 2.46%. Unlike the Fed, the BoC are seemingl

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British Pound (GBP) Price Outlook: GBP/USD Advancing After UK Inflation Data

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is climbing after UK inflation data for August showed the highest jump on record. Combined with Tuesday’s strong UK employment numbers, the inflation figures will add to the pressures on the Bank of England to taper its stimulus program and therefore to upwards pressure on GBP. GBP/USD RALLYING AFTER STRONG UK INFLATION DATA GBP/USD is edging higher again after UK inflation numbers for August showed a surge in the headline rate,

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