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British Pound (GBP) Price Outlook: GBP/USD Benefiting From UK Jobs Data

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is gaining ground after a strong set of UK labor-market figures that have again focused attention on the Bank of England’s policymakers and whether some will be persuaded that UK monetary policy should be tightened sooner than they previously expected. Job vacancies rose above one million for the first time since records began as the UK economy continues to recover from the Covid-19 pandemic, while payrolls rose by more than economists had predi

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Australian Dollar Sinks on RBA Outlook, Crude Oil Gains on Storm Upgrade. Markets Eye US CPI.

CRUDE OIL, NATURAL GAS, NIKKEI 225, AUD/USD, RBA, US CPI - TALKING POINTS WTI crude oil prices found support after a storm upgrade to Hurricane Nicholas APAC equities mainly moved sideways but Japan’s Nikkei 225 made a new high US CPI ahead. An outlier may see the Fed being forced to reassess conditions Crude oil and liquid natural gas prices continued to be supported through the Asian session as the tropical storm approaching the Texas Gulf Coast was upgraded to “H

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DAX 30, S&P 500 Update: Bearish Pressure Builds but Equities Remain Resilient For Now

KEY TALKING POINTS: Bears break lower but struggle to keep the momentum going DAX 30 and S&P key levels to watch   Stocks made a decisive move lower last week which started to set the stage for a wider correction but the move so far this week seems to be rejecting further pullbacks. The moves last week coincided with warnings from major banks about the limited performance of stocks in the coming years, as well as downgrades to their forecasts for US GDP after the

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EasyJet Rights Issue FAQ

FAQs for Easyjet rights issue - (Sharedealing and ISA clients only)   1.      What are the terms of the Easyjet rights issue?  ·        Ex-Date - 13/09/21 ·        Terms - 31 new shares for every 47 existing shares held on your account ·        Subscription price - £4.10p (the price at which the new shares will be booked at after pay date if you decide to take up the offer)   2.      How do I take part in this rights issue and when will I get these new rights

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The Week Ahead On The Markets

Week commencing 13 September Joshua Mahony’s insight A busy week on the economic front, with US and UK inflation providing key updates for central bankers to consider. Meanwhile, jobs will also be a key concern, as UK and Australia prepare to release their latest employment number. The corporate calendar looks to be slowing down, with just a handful of names to consider. In the UK, the likes of Associated British Foods, Ocado

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Australian Dollar Forecast: Remaining Bearish on AUD Rallies

AUD/USD Analysis & News Risk Trends Dictating Direction for FX Bearish on AUD Rallies RISK TRENDS DICTATING DIRECTION FOR FX A relatively tame session thus far across the FX space, which continues to lack notable direction. For currency markets, given that there is little to get excited about on the economic calendar, the focus will remain on risk sentiment for guidance. The Japanese Yen is on the back foot as we close out the week, with equities and yields findin

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Dividend Adjustments 13th September 2021 - 20th September 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th 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 pos

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Breaking: ECB to Slow PEPP Purchase Pace, EUR/USD and Bund Yields Muted

EUR/USD, ECB Price Analysis & News: ECB Slows PEPP Purchases as Expected. Euro Muted Following Expected Decision. ECB Slows PEPP Purchases as Expected The ECB announced that they will slow the pace of PEPP purchases from the current EUR 80bln/month with the change being called a “moderately” slower pace. A reminder, that this is an alteration of the prior guidance of “significantly higher pace” of purchases used over the past two quarters. Details are on the light

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Euro Setup: EUR/USD, EUR/GBP Ahead of ECB

Key Talking Points: All eyes on ECB as ultra-dovish policy continuity in question Key levels for EUR/USD and EUR/GBP The ECB will conclude its monetary policy meeting today and there is a bit of mixed emotions in the market this morning as recent comments from policy members have sparked some belief that the bank may be more hawkish than originally expected. The bank has kept an ultra-loose monetary policy since the pandemic began and ha

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Gold Price and Silver Forecast: Weakness Seen as Continuing

GOLD/SILVER TECHNICAL OUTLOOK: • Gold took a hit yesterday, seen as heading lower some more • Silver remains stuck in a downtrend   Last week, gold hit resistance and only stayed up against it for a day or so; the low 1830s turned out to be too much for gold to climb through. Yesterday brought some heavy selling that is seen as only the beginning of a bout of weakness. We may see a little reprieve in the near-term, perhaps trading back around the 200-day at 1808 aga

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EUR/USD Outlook – Steered by the US Dollar as Notable ECB Meeting Nears

EUR/USD PRICE, CHART, AND ANALYSIS US dollar short-term strength weighs down on EUR/USD. The ECB meeting will include the latest growth and inflation forecasts. The US dollar keeps pushing higher with the greenback now on course to challenge short-term resistance just 10 ticks away. The double top around 92.80 on the daily DXY is unlikely to stop further upside in the dollar basket but may act as a short-term brake in the coming sessions. The US dollar’s rebound post last

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DAX 30 Looking Weak as General Election Looms

KEY TALKING POINTS: The DAX 30 hits a one-month low as the pullback continues German elections could cause some volatility in the next few weeks The DAX 30, which will become the DAX 40 from the 20th of September, continues to be rejected at the 16,000 mark despite having attempted to consolidate higher momentum around 15,800 for the past few weeks. The index, which is the worst performer so far today, is now resting on its 100-day moving average and is

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Gold Price Forecast: XAU/USD Bulls Struggle to Keep Bullish Trendline

KEY TALKING POINTS: XAU/USD is holding to its bullish trendline but key resistance lies ahead Gold has lacked momentum so far in September   Gold (XAU/USD) is starting to look a little feverish once again despite managing to pull higher at the end of last week. The pullback over the last two sessions is not yet overextended and is still likely to offer new buyers a better chance to get in, but there isn’t much wiggle room left before the outlook starts to look slight

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British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan

GBP PRICE, NEWS AND ANALYSIS: GBP/USD could come under downward pressure after its recent advance as UK Prime Minister Boris Johnson faces a backlash from within his own ruling Conservative Party to plans to increase National Insurance to pay for health and social care. The move would break a Conservative manifesto pledge and bring politics back into play as a factor affecting the Pound, particularly after a report that Johnson plans an October “firebreak” Covid lockdown. How

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