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Apple Announcement to take place in Brooklyn today - EMEA Brief 30 Oct

Apple hosting event in Brooklyn today, starting at 2pm UK time. New iPad announcements expected UK Chancellor Philip Hammond announced plans to implement Digital Services Tax from April 2020 UK government’s “Cryptoasset Taskforce" published its final report yesterday outlining a range of regulatory steps around crypto assets  Bitcoin dropped $200 after two weeks stagnating around $6,400. Having achieved earlier this month a 17-month low volatility rate the perception that i

MichaelaIG

MichaelaIG

The ECB to announce its monetary policy amid growing tensions within the Eurozone - EMEA brief 25 Oct

The European Central Bank is announcing its monetary policy today, with expectations that Mario Draghi will confirm that the ECB stands by its plan to end its quantitative easing program by the end of the year. The euro plunges on Wednesday as concerns over the Eurozone growth continue. Italian government bonds remain at year-highs as the EU has rejected the country's deficit plan. Yields are expected to remain high over the next few weeks as the Italian government says that the bu

DanielaIG

DanielaIG

Trump and Mexico to replace NAFTA - EMEA brief 28 Aug

Trump and Mexico reach trade to key parts of a trade deal to replace the current ‘NAFTA’ agreement. S&P 500 and Nasdaq closing at record highs for the second consecutive session. Dow finished above 26000 for the first time since February. Turkish lira sees a fresh sell off after a week long national holiday as investors don’t see an end to the US row. Netflix sees the appointment of a new communications officer, previously top executive to Facebook. Statement issu

NadelinaIG

NadelinaIG

Asian Markets Decline - EMEA Brief 09 Oct

Asia stocks at 17-month low as China lets yuan slip. China’s central bank fixed its yuan at 6.9019 per dollar on Tuesday. Dow: After 3-day downtrend and a drop of 200 points the Dow rises for the first time. Sovereign debt markets were calmer overnight whilst the 10 yr US Treasury maintained its 7 and a half year high. Oil prices are steady but up 0.6% after a late boost on Monday. Supply side shortages from Iranian sanctions claims the move. Google bug caused Shares

MichaelaIG

MichaelaIG

Barrick Gold Announces Plan to Acquire Newmont Mining - EMEA Brief 26 Feb

Barrick Gold has announced an unsolicited plan to merge with Newmont Mining in a $19 billion all-share transaction. The merger, if successful, would create the world's largest gold mining company and could potentially re-shape the industry, along with gold prices. This comes after Barrick completed their $6.1 billion acquisition of Randgold Resources last month.  Tesla shares fell almost 5% yesterday after the SEC asked a judge to hold CEO, Elon Musk, in contempt for failing to abide by a

JoeIG

JoeIG

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

Dividend Adjustments 31 Dec - 7 Jan

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 31 Dec 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 ad

MaxIG

MaxIG

ECB and BoE Rate Decisions, New Territory in Trade Wars, Global Political Risks - DFX key themes

Important European Central Bank Rate Decisions As we find distraction in trade wars and political risk, it is important to remember that we are still dealing with more traditional fundamental issues in the background. One of the most systemically important and extremely underpriced risks is the global market’s long-standing dependency on massive stimulus from the world’s largest central banks. That wave of easy money through massive rate cuts and largest stimulus programs has noticeably rec

JohnDFX

JohnDFX

Brexit is a hell of a ride - EMEA Brief 07 Feb

Theresa May is set to meet with European leaders today to have crucial talks about amending her Brexit proposal with all of the focus on the Irish backstop. She flies to Brussels a day after European Council president Donald Tusk faced backlash after he claimed there is 'a special place in hell for Brexiteers'. The Bank of England is set to announce its rate decision today at noon, with forecasts expecting rates to be unchanged until some of the Brexit uncertainty has passed. US in

DanielaIG

DanielaIG

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

Ford Pulls Brakes on Brazil Factory - EMEA Brief 20 Feb

Ford announced plan to close a factory in Brazil, resulting in 2,800 job cuts. This follows as Ford pulls sale of heavy commercial trucks in South America.  May will return to Brussels again in further attempt to reach conclusive agreement on the controversial Irish-backstop.   Asian stocks saw a mixed session following similarly mixed U.S. trade talk reports. Whilst Trump commented positively on trade talks and it was reported that the U.S. is requesting China keep the yuan stable

MichaelaIG

MichaelaIG

USMCA replaces NAFTA, CAD rises - EMEA Brief 1 Oct

The U.S. and Canada agreed to a trade deal that would preserve a three-way bloc with Mexico, setting the stage for their leaders to sign the accord by the end of November. The new deal will be called the U.S.-Mexico-Canada Agreement, or USMCA. Mexican peso and Canadian dollar gains as uncertainty is lifted and greater stability takes hold of the Americas. The euro was hit by worries about a rise in Italy's fiscal deficit after the Italian government agreed to set a higher than expe

IG-Andi

IG-Andi

Theme overload, Fed's Powell's testimony, China data - DFX key themes

So Much Risk, Status Quo is an Improvement In individual trading sessions or entire weeks where there is an overwhelming amount of important, scheduled event risk; we often find the market frozen with concern of imminent volatility. Even as a remarkable surprise prints on the docket early in the week, the impact it generates is often truncated by the concern that the subsequent release can generate just as much shock value but in the opposite direction. Many opportunities have been spoiled

JohnDFX

JohnDFX

Wake up and smell the coffee; Starbucks beats sales expectations - EMEA Brief 25 Jan

Coffee giant Starbucks announced that same-stores sales grew by 4% in its home US market, with overall revenue also beating expectations. Speaking about the results, CEO Kevin Johnson said that "Our streamline efforts over the past six quarters are paying off by allowing us to bring more focus and discipline to our three strategic priorities". Talks are continuing in the US as the Senate tries to reach an agreement to end the government shutdown, which is now in its 34th day. The White ho

GeorgeIG

GeorgeIG

Will 2018's turbulence continue into the New Year? - EMEA Brief 31 Dec

China's stock market leads 2018 losses with both major indexes, the Shanghai composite and the Shenzhen component each facing annual declines of over 24%. 2018 saw both Australia and Hong Kong's benchmark indexes face annual declines. The ASX 200 falling 6.9% compared to its 2017 closing, whilst the Hang Seng index saw around a 13% decline compared to 2017.  China's manufacturing sector contracted for the first time in two years.. The official Purchasing Manager's Index reporting a

MichaelaIG

MichaelaIG

Trade War 'Relief', Key Rate Decisions and Apple Earnings - DailyFX Key Themes

Trade War Relief, But How Much? Finally, some trade war respite. Or at least, what looks like relief. Following week after week of steadily escalating threats and a few decisive actions (and retaliations) along the way, there was finally a joint statement of agreement between key global leaders. Following their meeting in Washington DC, US President Donald Trump and European Union President Jean Claude-Juncker issued a statement of success this past Wednesday. Any pause in this quickly bal

JohnDFX

JohnDFX

Legalisation results in Cannabis Stock Slip - EMEA Brief 18 Oct

Following Brussels summit Theresa May hints the UK may consider longer transition period resulting in the UK remaining tied to the Euro bloc's rules for a period of 21 months after the exit day Trump escalates economic confrontation with Beijing by announcing his intention to withdraw the US from China Shipping Treaty Cannabis stocks slipped after Canada’s legalisation. Aurora Cannabis Inc posting a 15% slide shortly after market opened yesterday. Popular ETFs  ETFMG Alternative Ha

MichaelaIG

MichaelaIG

Twitter earnings today - EMEA brief 27th July

European shares seen opening slightly higher Interest rates and details of asset purchases by the ECB remain unchanged after yesterdays meeting. No mention of protectionist policy or further details on the supposed resolution of aluminium and steel tariffs were given by Draghi. Prescription cannabis for medical use is now legal in the UK after a reclassification of the drug. Amazon smash forecasts of $2.54 EPS with a healthy $5.07 for their end of years. Sky br

JamesIG

JamesIG

Economic stagnation; ECB and other central banks; range trading - DailyFX Key Themes

Growth Takes Center Stage with Peoples’ Congress and OECD Forecasts  Most investors and traders attempt to project into the future in order to take advantage of large market moves before they are priced in and the trend potential is spent. That is perhaps the most basic precept of speculation, yet it also brings with it a range of collective cognitive biases. One such mass psychological distortion is a prioritization of the means over the ends. When looking back to the 2008 financial crisis

JohnDFX

JohnDFX

Brexit secretary resigns - EMEA brief 9th July

David Davis resigns from his poll position as Brexit secretary. Sterling feels the pinch.   Global equity markets rally on US jobs relief, whilst dollar falters.  Balanced U.S. jobs data suggest Fed can stay gradual on hikes  Oil inches up whilst gold gains on the weaker dollar. NYSE technology chief has jumped ship to join the Winklevoss ‘bitcoin billionaires’ cryptocurrency venture as their first CTO for Gemini. Asian overnight: Asian markets have seen substa

JamesIG

JamesIG

Trump and Rouhani exchange words - EMEA brief 26 Sep

Asian stocks are broadly higher ahead of the Fed rate decision later today, whilst the NZ dollar is buoyed by higher business confidence.  Trump and Iranian President Hassan Rouhani came to a head at the UN General Assembly on Tuesday with the US President vowing more sanctions against Tehran, whilst President Rouhani suggested that Trump suffers from a "weakness of intellect." Trump is really trying to bring the price of oil into play before the midterms as high oil prices could hit the

JamesIG

JamesIG

Conservative Conference, Cable in Spotlight - EMEA Brief 02 Oct

Hong Kong’s Hang Seng index pulled back last night with gambling shares having a bad time after falling revenues in Macau's casino region. US-Sino tensions rise as a US ship enters Chinese territory. Stay on top of currency markets as trade war tensions rise with #IGForexChat. The financial and healthcare sectors pushed the ASX lower whilst China remained closed for another public holiday. Bank of Australia holds cash rate at 1.5%. Japan’s Nikkei was the lone star in the Asian over

IGAaronC

IGAaronC

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

China-US cease-fire in jeoprady as Huawei CFO is arrested in Canada - EMEA Brief 06 Dec

Huawei CFO Meng Wanzhou was arrested in Canada where she faces extradition to the US for violating US sanctions, leading to growing tensions between the China and US that create further doubt about the cease-fire on the tariff war declared over the weekend. Shares in Asian suppliers to Huawei sank on Thursday after the arrest was made pubic. Asian markets fell on Thursday ahead of the highly awaited OPEC meeting to be held in Austria today. The Hang Seng was down 2.62%, the Nikkei fell 1.

DanielaIG

DanielaIG

Volatility - APAC brief 11 Oct

Volatility is up, and risk appetite has been dulled. The VIX traded towards the 22 figure overnight, while currency safe havens such as the Yen were sought amid a somewhat remarkable sell-off across global equities during the European and North American sessions. It’s a matter of markets continuing to adjust to a world of higher interest rates and US Treasury yields – coupled with the expected panic when prices recalibrate to evolving fundamentals. A strong enough argument can be made that we ar

JasmineC

JasmineC

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