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S&P hits an intraday high - EMEA brief 22 Aug

Despite Tuesday being referred to as the worst day in the Presidency of Donald Trump, the S&P touched an intraday record high and equaled its longest bull run of 3452 days, with the record expected to tumble today, baring a disaster. Dollar steady overnight following yesterday’s dip, with forex markets pretty calm across the board, although we did see a weakening in AUD, which was down 0.2%. Brent rose 0.3%, whilst US crude was up 0.5% following industry group data that signa

JamesIG

JamesIG

Trader's View - APAC brief 22 Aug

Overnight: The benchmark S&P500 reached new record highs overnight, as the record bull run on Wall Street continued. The S&P briefly touched the 2873-mark in the US session, led higher by consumer discretionary stocks, before selling-off in late trade following the news ex-Trump advisor Paul Manafort has been found guilty of financial crimes. The milestone achieved on Wall Street punctuated a respectable day on global equity markets, which were trading-off greater risk appetite until ear

JasmineC

JasmineC

London's house prices - EMEA brief 21 Aug

Asian stocks generally up on hopes trade tensions may ease. Hopes of a China - US trade resolution pushed up copper, often seen as a barometer for the economic outlook, dragging behind it miners such as BHP Billiton and Glencore. Venezuela have debased their currency taking off five zeros, along with increase minimum wage by 3000% in and effort to prop up their economy. Yesterday the world trade organisation confirmed that Turkey had lodged a trade dispute against the US.

JamesIG

JamesIG

Trader's View - APAC brief 21 Aug

Global equities: Global share-markets experienced a lift overnight as European and US investors jumped online to begin the week. The overall mentality now can be characterized as one of cautious optimism ahead of low-level US-China trade talks, mixed with a touch of relief that crises in Turkey and other emerging markets are currently quarantined. Chinese markets picked up steam in late trade because of this point of view, while the Dow Jones represented this broad attitude during the North Amer

JasmineC

JasmineC

Oil prices slip - EMEA brief 20 Aug

Asia shares inch up with yuan ahead f Sino - US talks.  UK minsters release their first ‘no deal’ Brexit documents on Thursday in an effort to prepare for a “worst possible” outcome. Persimmon results are expected tomorrow, with many in the sector looking to the release as a barometer for the wider housing sector and how a rising inflation rate will affect the market. Iran has stressed to OPEC over the weekend that no other member country should take up the slack for reduced

JamesIG

JamesIG

Expected Index Dividend Adjustments 20 Aug - 24 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral a

JamesIG

JamesIG

Trader's View - APAC brief 20 Aug

Last week: At the end of a week that may have been best described as nervous and jittery, markets closed trade in a relatively subdued fashion. The news that the United States and China may re-enter trade negotiations provided the basis for the stability, but the reactions to that news were hardly ecstatic. This is justifiably so, considering investors have become very accustomed to overreacting to news that turns-out to be little more than fluff. The crisis in Turkey has temporarily settled, th

JasmineC

JasmineC

Over Exposed Traders, Global Taper Tantrum, Jackson Hole - DFX key themes

Positioning Extremes Grow More Extreme  There are a few undisputable and universal forces when it comes to the financial markets. One of those all-powerful winds is the concept of risk trends which is referred to by many names such as ‘risk on, risk off’ or referenced unknowingly when we blindly attribute market wide movement to animal spirits through technical cues, smart versus dumb money, panic to greed. Another of these truisms is the allocation of capital. While total wealth does grow

JohnDFX

JohnDFX

Markets bounce on US - China trade talks - EMEA brief 17 Aug

Asian shares gain on US - China trade talks, whilst USD dips. Rating agency Fitch warned that the chance of a Brexit no deal is a ‘growing possibility’, and uncertainty is so great that it’s impossible to accurately predict a likely outcome. Reports that Amazon is looking to launch its own comparison site sent ripples through the UK listed rivals moneysupermarket, gocompare, and confused.com owner Admiral. Aftershocks of World Cup fever and the good weather are seen in risin

JamesIG

JamesIG

Trader's View - APAC brief 17 Aug

Sentiment boost: The unpredictable ebbs and flows of volatile global markets delivered a positive outcome overnight, as equity markets recovered lost ground courtesy of a healthy boost of positive sentiment. The increased investor optimism came following news that US and Chinese officials are in talks to renew trade negotiations. This comes only days from the next round of tariffs due for imposition on Chinese imports into the US from the White House, which will rise to the value of $US50b worth

JasmineC

JasmineC

Lira rallies and stabilises - EMEA brief 16 Aug

China announces a new round of trade talks with the US.  Asian shares, however, hit fresh one year lows on fears of an economic slowdown and the continued Turkish lira volatility. Tencent's earnings shock really weighs on investor sentiment. Amazon is said to be considering UK insurance comparison site. Bitcoin holds above the crucial $6000 mark as crypto traders eye possible bullish reversal. UK retail sales and Canadian ADP figures are the ones to look out fo

JamesIG

JamesIG

Trader's View - APAC brief 16 Aug

Sentiment: Global risk appetite diminished once again overnight, sparking sell-offs across equity markets. The concerns about the fragile state of the Turkish financial system and what that might mean for markets was behind the fall, as traders sought out safe havens to park their money. The US Dollar held its advance consequently, but it was the JPY that saw the most activity, with the USD/JPY falling as low as 110.43. Following Tuesday’s relief rally, it would appear investors aren’t quite pre

JasmineC

JasmineC

Turkey doubles US tariffs - EMEA brief 15 Aug

MSCI Asia-Pacific index down more than 1% Turkey has doubled tariffs on some U.S. imports, notably alcohol and tobacco, as a response on what is allegedly deliberate US attacks on the Turkish economy. Trade war squabbles continue with China saying that US solar tariffs violate trade rules and lodge a WTO complaint.  Dollar rises to a 13 month high which pressures commodities, forcing gold to hit an 18 month low. Asian overnight: Asian markets traded in the red overnigh

JamesIG

JamesIG

Trader's View - APAC brief 15 Aug

Turkey: Financial markets regained their cool overnight, returning to some semblance of normal trading conditions. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of a Turkish borne financial crisis. The core issue is unlikely to disappear entirely, given hostilities between the US and Turkey have only escalated in recent days. Moreover, global fundamentals

JasmineC

JasmineC

Gold loses safe haven, breaks $1200 - EMEA brief 14 Aug

Turkeys government has said it would provide liquidity and cut reserve requirements to Turkish banks yesterday. Lira drops. MSCI world equity index which tracks shares in 47 countries across the globe, down 1.1% yesterday and subdued overnight. Nikkei bounces 2.3% overnight. Deutsche Bank pointed to 5 lenders most at risk in the country due to a ‘meaningful presence’ - BBVA, UCG, ING, BNPP, and HSBC - the latter of which was down 0.72% on the closing bell yesterday. I

JamesIG

JamesIG

EM currencies offered down - EMEA brief 13 Aug

Geo-political troubles in Turkey push the lira lower, whilst selling in EM currencies spreads to South African rand and Argentine peso.  Asian stocks fall further.  Euro slips as the usual safe haven yen, the Swiss franc, and the dollar bid up. Cryptocurrencies mixed in the aftermath of the ETF rejection by the SEC.  Asian overnight: Asian markets exhibited a clear risk-off mood, with the fallout from the recent Turkish and Russian led selloff continuing to impact on m

JamesIG

JamesIG

Dividend Adjustments 13 Aug - 17 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: Special Divs are highlighted in orange  How do dividend adjustments work?  As you know, constitue

JamesIG

JamesIG

US Sanctions, Currency Wars and Financial Crises - DFX Key Themes

It is Not Wise to Start Financial Fires in a Market so Parched for Value The financial markets find themselves in between two storm fronts. On the one hand, there is the seasonal liquidity drain that is associated with Summer trade. More historical norm than actual exchange closures, the ‘Summer Doldrums’ present a consistent curb on volume, open interest, volatility and productive trend year after year. However, the restraint is not guaranteed. Though not as common as those Fall (for the N

JohnDFX

JohnDFX

ProRealTime Automated Strategy Email Notifications

Hi all - I just wanted to update you on a great new feature which has been implemented on the back of client feedback! For all ProOrder automated trading users of ProRealTime, you can now have an email automatically sent whenever your trading strategy is: Stopped (for any reason) Due to expire in x days This is obviously a great new addition to the PRT offering helping you keep in control of your automated strategies whilst they're running but you're not at your computer. We'

WillA

WillA

UK GDP today - EMEA brief 10 August

Asian markets move lower on the rather tedious reiteration of trade war fears. Huge volatility spike sees Turkish Lira dropping 13.5% against the USD. Oil prices edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies. UK growth (Q2), trade (June) and production data (June) later today. Asian overnight: Asian markets followed their US counterparts lower, as trade fears continue to impact market sentiment. Japanese markets where the biggest

JamesIG

JamesIG

Trader's View - APAC brief 10 Aug

ASX yesterday: SPI futures have the ASX200 edging slightly higher this morning, following a day in which the Australian market challenged the significant 6300-handle once more. The strong activity perhaps came as somewhat of a shock to traders, given the humdrum session on Wall Street the night before, combined with the floating of several geopolitical risks. Some solid earnings reports set the foundations for the yesterday’s run, namely from financials stocks Suncorp and Magellan; but the real

JasmineC

JasmineC

Oil slips 3% - EMEA brief 9 August

Asia share markets mixed, China up on stimulus hopes GBPUSD hits a one year low as Brexit fears continue. Sterling’s slump guided the FTSE on a stellar rally. USD/TRY poised for continued big volatility swings over US/Turkey meeting. Oil price steady after sliding 3% yesterday. Asian overnight: Asian stocks were largely higher, with Japanese indices providing the one outlier amid a wider rally led by rampant upside for Chinese and Hong Kong stocks. One major dra

JamesIG

JamesIG

Trader's View - APAC brief 9 Aug

Trade war: Geopolitical ructions became the dominant theme late in North American trade, setting up a day for Asian markets distracted by trade-war developments and rising diplomatic tensions in other geographies. The heightened trade war anxieties were piqued by news that China would be slapping retaliatory tariffs of 25 per cent on $US16b worth of US imports, in response to the Trump administrations go-ahead earlier in the week to implement comparable tariffs on Chinese imports. The trade conc

JasmineC

JasmineC

Tweets boost Tesla - EMEA brief 8 August

Earnings solid coming from the US continues to push futures up overnight. Oil prices held steady, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. Elon Musk tweeted last night regarding taking Tesla private. Stock up as he quoted a $420 price target. Crypto markets slump following SEC bitcoin ETF delay. Today there’s a 39.1 point FTSE div (updated from 39.0 on the dividend adjustment post) and a 25.8 Dow div

JamesIG

JamesIG

GBP 11 month lows - EMEA brief 7 August

Solid US earnings yesterday support the Asian market and China sees a rebound. GBP has slipped to its lowest level in 11 months on Brexit ‘no deal’ fears. The British heatwave and World Cup has boosted discretionary consumer spending in July according to Barclaycard. Oil gains as US renews sanctions against Iran. Gold gains slightly as lower price levels and the key level of $1200 support seen historically induce buying.   Asian overnight: Asian markets wer

JamesIG

JamesIG

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