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Dividend Adjustments 13th December 2021 - 20th December 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th December 2021. 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

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Silver Technical Analysis – XAG at Risk of Breaking Long-term Support

SILVER TECHNICAL ANALYSIS: Testing major support back to September 2020 If 21.42 is firmly cleared then a broader move lower could unfold For now, support is support until it isn’t Silver has been weak, and broadly speaking it has been quite a bit weaker than its big brother gold. Yesterday’s sell-off from a small congestion pattern has silver even more firmly probing major long-term support. The area from around 22.46 down to 21.42 has been meaningful since Se

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British Pound Technical Analysis: GBP/USD, GBP/JPY at Major Support

BRITISH POUND, GBP, GBP/USD, GBP/JPY TALKING POINTS: The British Pound has been abysmally weak, allowing for both GBP/USD and GBP/JPY to encroach upon major support zones. While such support would often be accommodative of reversal approaches, the fact that GBP has shown so few signs of life recently would keep the door open for deeper breakdown prospects, particularly in GBP/JPY. The analysis contained in article relies on price action and chart formations. To learn more abo

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British Pound Wilts on Omicron Restrictions and a Less Hawkish BOE. Where To GBP/USD?

BRITISH POUND, GBP/USD, BOE, FED, USD/CAD, CSI 300, PBOC - TALKING POINTS The British Pound is making new lows for the year as Covid bites APAC equities were mixed with Chinese indices up on lower volatility A backfooted BOE is likely to be cautious. How low will GBPUSD go?   The British Pound weakened as new restrictions to combat the spread the Omicron variant of Covid-19 were announced by the Prime Minister Boris Johnson. Sterling has been weakenin

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EUR/USD Ongoing Weakness, EUR/GBP Aided by UK Political Shambles, EUR/CAD Eyes BoC

EUR/USD, EUR/GBP, EUR/CAD Prices, Charts, and Analysis EUR/USD - short-term weakness persists. EUR/GBP – Sterling rattled by politics. EUR/CAD – Bank of Canada on tap. Keep up to date with all market-moving data releases and events by using the DailyFX Calendar EUR/USD The short-term weakness in EUR/USD continues with the pair looking set to print a seventh lower high in on a row on the daily chart – excluding the Sunday candle – a negative set-up. Today’s

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British Pound (GBP) Price Outlook: Downside Pressure on GBP/USD Persists

GBP/USD PRICE, NEWS AND ANALYSIS: GBP/USD continues to hover around the support line of a downward-sloping channel connecting the lower lows in place since mid-April. So far it has notably failed to benefit from receding fears about the Omicron variant of the coronavirus and it looks increasingly likely that the previous support line is now acting as resistance.   GBP/USD DOWNSIDE BECKONS GBP/USD is continuing to struggle to climb above the support line of a d

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Will Alibaba be the next DiDi?

The short journey of the Chinese ride-hailing giant is the smallest of the overseas listed Chinese technology giants, with total losses amounting to more than $1 trillion since February 2021. Source: Bloomberg   Shares DiDi China Alibaba Group IPO Stock

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Gold Price Currently Lacks Any Meaningful Conviction, Volatility Lies Elsewhere

GOLD PRICE (XAU/USD), CHART, AND ANALYSIS Gold traders are watching from the sidelines as other risk assets dominate trade. ‘Encouraging’ news on Omicron lures risk-on buyers. Retail traders have increased their net-short positions.   The latest data on Omicron suggest is not as dangerous as the delta covid-19 variant, according to White House chief medical advise Dr. Anthony Fauci. According to Dr. Fauci, the preliminary data is ‘encouraging’ although more

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British Pound (GBP) Price Outlook: GBP/USD Stable But Still Testing Support

GBP/USD PRICE, NEWS AND ANALYSIS: GBP is currently steady against both the US Dollar and the Euro but GBP/USD remains close to trendline support and would likely drop much further if that beaks. A UK interest rate increase by the Bank of England next week is now around 50/50 as concerns about Omicron make a rate rise less likely. GBP/USD STABLE BUT GAINS AT RISK GBP/USD is looking steadier so far this week but, as the chart below shows, it remains close to the support

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US Dollar Technical Outlook: DXY Tightropes Support, Looks for Catalyst

US DOLLAR TECHNICAL OUTLOOK DXY walking the line on slope support from June Still looking for a reason to move off the line US DOLLAR TECHNICAL OUTLOOK: DXY TIGHTROPES SUPPORT, LOOKS FOR CATALYST The US Dollar Index (DXY) is sitting on an important slope that dates to June, still looking for a reason to move higher off the line or break down through it. What the catalyst may be is anyone’s guess, but we should soon see something develop as the dol

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Dividend Adjustments 6th December 2021 - 13th December 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6th December 2021. 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 o

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Crude Oil Overview: OPEC+ Agrees on Output Increase, Oil’s Sharp sell-off Analyzed

BRENT CRUDE OIL AFTER OPEC+ MEETING: Brent crude oil’s sharp sell-off and recovery after OPEC+ stick with January plan but reserve the right to alter the decision. Oil recovers from sharp sell-off as key long-term trendline remains intact. IG Client Sentiment ‘mixed’ once more despite even larger net long positioning than previously. OPEC+ LEAVES JANUARY OUTPUT PLANS UNCHANGED BUT REMAINS FLEXIBLE TO OMICRON-RELATED SHOCKS Yesterday the Organization of

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European stocks climb, looking for a positive end to a tumultuous week

LONDON — European markets moved higher on Friday, looking for a positive end to a tumultuous week following the discovery of the new omicron Covid-19 variant. The pan-European Stoxx 600 added 0.5% in early trade, with travel and leisure stocks bouncing 2% on easing omicron fears as almost all sectors and major bourses entered positive territory. European stocks are looking to rebound from Thursday’s pullback, which saw the Stoxx 600 fall 1.1% and tech sector on the continent drop

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Dow Attempts Recovery, Nasdaq 100 Still in Reversal Pattern with NFPs and Seasonality at Play

DOW, NASDAQ 100, S&P 500, DOLLAR AND NFPS TALKING POINTS: Following Wednesday’s broad risk tumble, the Dow, S&P 500 and Nasdaq put in for a stiff bounce this past session. Volatility is the dangerous undercurrent that persists, so a steady course through the final day of trade this week could go far towards restoring ‘seasonal’ norms. Top event risk from a headlines perspective Friday is the November NFPs, but I place greater weight on the ISM services update as the y

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EUR/USD Contained Ahead of NFP but Remains Sensitive to ‘Hawkish/Dovish’ Narrative Swings

EUR/USD TALKING POINTS: EUR/USD calmer ahead of US NFP data and Euro sentiment data next week. The currency pair looks to test key resistance (prior support). IG Client Sentiment ‘mixed’ despite significant net long positioning. EUR/USD AHEAD OF NON-FARM PAYROLLS AND EURO SENTIMENT SURVEY DATA The Euro received a much needed bounce last Friday as global financial markets wrestled with news of a new coronavirus variant which we have now come to know as

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Turkish Lira (TRY) Exposed Stocks to Watch as Volatility Reaches Crisis Highs

Turkish Lira Analysis and News: Unorthodox Monetary Policy View to See TRY Remain in a Downward Spiral. Turkish Lira Implied Volatility Highest Since 2018 Currency Crisis. Spain Most Exposed to Turkish Lira Weakness. The Turkish Lira continues to garner interest with the currency’s downward spiral showing very little signs of slowing. This is despite attempts by the Turkish Central Bank to contain weakness via interventions as seen during yesterday's session. Howeve

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British Pound (GBP) Price Outlook: GBP/USD Challenging Support

GBP/USD price, news and analysis: GBP/USD weakness looks set to continue as the financial markets remain jittery after news that the first case of the Omicron variant of Covid-19 in the US has been found, suggesting it is still spreading. A hawkish Federal Reserve chair, who has reiterated that a faster taper of US stimulus than previously expected is now on the cards, is not helping either. GBP/USD weakness may persist GBP/USD is continuing to slip back within a d

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