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The value of cryptocurrencies has plummeted this year. Despite th
Global payment solutions provider Change Financial wants to raise $5.72 million in funds to accelerate the development and growth of its flagship product offering Vertexon.
Source: Bloomberg
Indices Shares Debit card Financial technology CFD Bank
The US equity markets delivered its fourth straight week of gains to end last week, with the rebound over the past month effectively recovering close to half of their bear market sell-off.
Source: Bloomberg
Forex Indices China Stock market index S&P 500 EUR/USD
UK inflation in focus as divergence with the US could highlight potential differences in monetary policy outlook.
Source: Bloomberg
Forex Inflation Price United States United States dollar Pound sterling
While Disney claims to have overtaken Netflix in subscriber terms, there is more to the numbers than first meets the eye.
Source: Bloomberg
Shares The Walt Disney Company Netflix Subscription business model Streaming media Bob Chapek
The RBA’s August policy minutes in focus ahead of wage data due out later this week and AUD/USD approaches the 0.7000 psychological level after a big overnight drop.
Source: Bloomberg
Forex Commodities Australian dollar China AUD/USD Price of oil
EUR/USD, GBP/USD, and AUD/USD turn lower, but the uptrend seen over the course of the past month brings the potential for another upward move before too long.
Forex United States dollar EUR/USD Euro GBP/USD AUD/USD
EUR/USD falls back i
The summer rally has helped improve the outlook for stocks after a tough first half of the year, but both the bullish and bearish cases have powerful arguments supporting them.
Source: Bloomberg
Indices Shares Commodities Inflation Market trend S&P 500
Investors are keen to glimpse the outlook from BHP’s upcoming annual report after rival Rio Tinto disappointed investors due to heightened uncertainties.
Source: Bloomberg
Shares Commodities BHP Rio Tinto Iron ore Share price
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th August 2022. 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 on
The US Dollar remains fragile after US PPI eased in July. In a remarkedly similar response to soft CPI data the day before, markets extrapolated a less hawkish Federal Reserve going forward.
This notion was once again shot down, this time by San Francisco Federal Reserve Bank President Mary Daly in an interview with Bloomberg television after the New York close.
She said that a 50 basis point (bp) lift to rates is her base case at the September Federal Open Market Committee (FOMC) meet
Crude oil is steady through the Asian session ahead of the all-important US CPI later today.
This is despite the American Petroleum Institute (API) reporting that inventory of US crude increased by 2.2 million barrels last week, a large difference from the forecast 400k decrease.
The increase in stockpiles may have been offset by news that a Russian oil pipeline to central Europe had been shut down last week. The WTI futures contract is near US$ 90 bbl and the Brent contract is above U
S&P 500 and Nasdaq 100 decline for the second day in a row on fragile market sentiment and July’s U.S. inflation data due for release Wednesday will set the tone on Wall Street in the coming days.
Source: Bloomberg
Indices Shares Inflation Nasdaq-100 S&P 500 Nasdaq
Asia-Pacific traders brace for volatility after stocks fall in New York; China’s July CPI print is seen rising to the highest since April 2020 and USD/CNH traders around 20-day SMA as bears eye trendline support.
Source: Bloomberg
Forex Shares China USD/CNH United States dollar Consume
Walt Disney earnings see traders focus on parks demand as the cost-of-living crisis starts to bite. With the majority of stocks outperforming the earnings season, could Wednesday provide a buying opportunity?
Source: Bloomberg
Shares The Walt Disney Company Revenue Market trend Stock D
EUR/CHF made a 7.5-year low at the end of last month at 0.9699, moving below the previous low of 0.9804.
Since breaking lower, the price has not managed to reclaim 0.9804 and it may continue to offer resistance. The 21-day Simple Moving Averages (SMA)is currently at that level, potentially adding resistance.
Further up, the recent peak of 0.9957 might offer resistance ahead of the break point at 0.9973.
In the last session, the price has crossed below the 10-day SMA and remains be
Shares Commodities Iron ore Mining Iron BHP
This issue of Investor Spotlight is brought to you by IG, with Kyle Rodda, Market Analyst and ausbiz presenter.
For better or worse, the ASX is dominated by companies that mine one of Australia’s most abundant resources: iron ore. In this piece, we dig into the investment case for owning iron ore stocks, what’s driving these companies' shares right now,
Asia-Pacific markets face rocky start after a mixed session on Wall Street; Australia’s Westpac consumer confidence eyed as potential risk to AUD and AUD/USD retakes 50-day SMA after overnight gain, but momentum looks fragile.
Source: Bloomberg
Forex Indices Shares Commodities AUD/USD
This week Australia’s top companies present their annual result for the previous financial year. Today’s preview focuses on the REA, CBA and Telstra.
Source: Bloomberg
Indices Shares Telstra Price Technical analysis Australia
Walt Disney is set to report its third quarter (Q3) earnings on Wednesday.
Amusement park Disney+ Walt Disney Income Streaming media
Walt DisneyWalt Disney Co (All Sessions) is set to report year-on-year (YoY) growth in its third quarter (Q3) earnings release on Wednesday, likely focusing
The Australian dollar continues to bump around in a two cent range; RBA rate hike not enough to support AUD but trade numbers can’t be ignored and China and Taiwan make the news, but a hawkish Fed might drive AUD/USD.
Source: Bloomberg
The RBA rate d
Asia-Pacific market sentiment lags despite rosy economic data out of China; China’s city of Yiwu sees partial lockdown after Covid cases identified and AUD/USD struggles to maintain itself above the 20-day SMA.
Source: Bloomberg
Forex China AUD/USD United States dollar Australian dolla
Crude oil made a 6-month low overnight with the WTI futures contract trading as low as US$ 87.55 bbl. The slide follows on from data earlier in the week that showed a build-up of inventory in the US. It has managed a small bounce in Asia today.
The EU, US and Iran are holding talks in Vienna in an effort to come to an agreement on Iran’s nuclear program and to bring their oil production back to global markets.
Libya appears to have resolved domestic political tensions and is set to res
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 8th August 2022. 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 on
Asia-Pacific markets set for a mixed open ahead of tonight’s US non-farm payrolls report; the RBA’s statement on Monetary Policy eyed in focus for APAC and AUD/USD direction likely hinges on ability to hold above the 50-day SMA.
Source: Bloomberg
Forex Australian dollar Inflation Unite