Despite speculation of a minor rebound, the Euro continues to struggle against the dollar as an excess of long positions and disappointing Euro area economic figures add pressure.
Source: Bloomberg
Forex Euro EUR/USD Market trend United States dollar Eurozone
Manish
Holidays in the US and UK brought about a relatively quiet start to the new trading week, while US equity futures this morning pointed to modest gains as an attempt to follow through with its rally last week.
Source: Bloomberg
Forex Indices United States United Stat
Debt ceiling talks have dominated the sentiment since early May. With the "X-date" fast-approaching, what could be the impact on investment markets?
Source: Bloomberg
Forex Debt Default United States debt ceiling United States United States dollar
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 29th May 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due to be
Lloyds’ share price could start to rise after delivering a solid financial performance in Q1. But the FTSE 100 bank may be overexposed to the UK's domestic economy.
Source: Bloomberg
Indices Shares FTSE 100 Bank Lloyds Banking Group Inflation
The DXY is on the rise amidst ongoing debt ceiling negotiations; the Euro Area faces its own economic woes, further propelling the USD's value and China's slowdown fears are adding to the increasing support for the USD.
Source: Bloomberg
Forex United States dollar United States Euro China Debt
Gold rebounded on Friday after Fed chair Powell’s remarks; however, the drop to a six-week low could be a sign that cracks have started to emerge in gold’s uptrend and what is the outlook and key levels to watch in XAU/USD?
Source: Bloomberg
Forex Commodities XAU/USD Gold Market trend United States dollar
Please find our expected trading hours over the Juneteenth holiday period. All times BST:
Monday 19 June 2023
Brent Crude and Gas Oil futures close early at 6.30 pm
US index futures close early at 6 pm. We’ll make an out-of-hours price on Wall Street, US 500, US Russell 2000, FANG Index, and US Tech 100 from 6 pm until futures reopen at 11 pm
US equities and soft commodities will be closed
We are pleased to provide you with a table that shows the number of days' worth of overnight funding fee you will be charged if you keep a forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee.
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Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd May 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due to be
Greggs, JD Wetherspoon, and Centamin could constitute the three best FTSE 250 stocks to buy next month.
Source: Bloomberg
Forex Indices Shares Commodities Tax /business/market_index
Ch
Signs of progress on the US debt ceiling had provided some much-needed relief overnight, which translated to a mid-day bounce in the major US indices.
Source: Bloomberg
Indices Commodities Stock market index United States Gold MACD
It would be premature to call the US dollar’s recent rebound a reversal of the downward; recent Fed speak has been hawkish, putting the spotlight on Powell’s speech coming Friday and what’s next for EUR/USD, GBP/USD, and USD/JPY?
/content/igcom/en_AU/profile/manish-jaradi
Forex Market trend Federal Reserve Euro U
Gold’s rally is showing signs of fatigue; hawkish commentary from Fed officials is leading to a reassessment of rate cuts this year and what is the outlook and key levels to watch in XAU/USD?
Source: Bloomberg
Forex Commodities XAU/USD Federal Reserve Market trend Gold
Manish Jarad
The UK labour market data may indicate a cooling trend and the ZEW economic survey is expected to show a decline in current business conditions and economic expectations in Germany.
Source: Bloomberg
Forex Indices FTSE 100 DAX Unemployment Employment
Despite a turbulent past three years, Alibaba Group Holding Limited (BABA) is now being closely watched by investors as China reopens and the company's AI-powered ecosystem continues to make exciting progress.
Source: Bloomberg
Shares Alibaba Group Artificial intell
With broad expectations for an impending rate pause and mounting probability of a US recession, ‘bad news (on the economy) is bad news (for markets)’ seems to be the current underlying theme.
Source: Bloomberg
Indices United States Recession Consumer confidence inde
The uncertainty created by the debt ceiling has played a part in the lack of movement in the S&P 500; the Nasdaq has seen fresh cycle highs and the Dow Jones could see a deeper decline towards support at 32,800.
Tony Sycamore | Market Analyst, Australia | Publication date: Monday 15 May 2023
It was a soft end to last week as US indices closed lower on concerns around the impeding US debt ceiling, regiona
Your weekly financial calendar for market insights and key economic indicators.
Tony Sycamore | Market Analyst, Australia | Publication date: Friday 12 May 2023
Reading time: 5 minutes
IT WAS A MIXED WEEK for key US stock indices as the Dow Jones closed lower eight sessions in nine, while the tech-heavy Nasdaq closed at its highest level in nine months (August 22).
The push to
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th May 2023. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are excluded (where shown on major indices). Dividend adjustments due to be
Continued moderation in US inflation provided further conviction for a pause in the hiking cycle ahead, but some pricing persistence will likely leave the debate to be more on rate cuts moving forward.
Source: IG charts
Forex Indices United States dollar Inflation U
Bank of England set to raise interest rates as UK economy grows stronger than expected, but inflation remains high and labour market cools.
Source: Bloomberg
Indices Inflation Bank of England Interest rate Economy of the United Kingdom England