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Is the downward correction in gold over?

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

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Juneteenth Trading Hours

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

Counting the Cost: How Many Days' Interest on Forex Open Positions- May 2023

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. To help

Dividend Adjustments 22nd May 2023 - 29th May 2023

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

A reversal or a dead-cat bounce in US dollar?

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

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Is this the moment of reckoning for gold?

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

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Wall Street: US debt ceiling concerns weigh on markets as X-date approaches

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

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Ahead of the game: May 15, 2023

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

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MongiIG in Market News

Dividend Adjustments 15th May 2023 - 22nd May 2023

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

USD index holds steady as EUR/USD faces uncertainty

USD index strengthens overnight on higher US yields and weaker EUR/USD. German industrial production falls by -3.4%, dragging down the German economy and US yields gain 7-9bp due to heavy corporate issuance and the SLOOS survey.   Source: Bloomberg   Forex United States dollar Euro EUR/USD United States Germany

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