As uranium prices hit multi-year highs, we examine ten ASX-listed companies with exposure to uranium assets.
ource: Bloomberg
Indices Shares Uranium Share Stock Australian Securities Exchange
US Dollar Analysis & News
USD Surge Following Retail Sales, Hawkish Fed Up Next?
Stellar US Retail Sales
USD Surge Following Retail Sales, Hawkish Fed Up Next?
A stellar retail sales report takes the USD to fresh session highs and raises the probability of a more hawkish Fed at next week’s meeting. A beat across the board in the data where consensus had been looking for a contraction or flat. Now while the prior readings were revised lower, this has been shrugged
The Bank of Japan is set to hold their monetary meeting across 21 – 22 September 2021, as markets have their eyes on Japan’s ruling party leadership race.
Source: Bloomberg
Forex Bank of Japan Inflation Monetary policy Central bank Coronavirus
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is edging lower in early European trade Thursday but remains within the range between just over 1.39 and just under 1.38 that has contained price action for the past week.
News of an extensive Cabinet reshuffle by UK Prime Minister Boris Johnson has had little impact on GBP.
GBP/USD EASES BACK
GBP/USD is slipping back modestly Thursday, with small losses recorded in Asian trade continuing into the European session. However, it rem
IAG's share price has dropped some 8% in the last one week.
Source: Bloomberg
Shares International Airlines Group Airline Market sentiment Market trend Price
Canadian Dollar Analysis & News
Canadian Inflation Continues to Edge High – BoC Vigilant
Upside Risks to CAD as Oil Edges Higher
Canadian Inflation Continues to Edge High – BoC Vigilant
Canadian Inflation data printed above expectations on both the monthly and yearly rates at 0.2% (vs 0.1%) and 4.1% (vs 3.9%) respectively. Meanwhile, the BoC’s preferred measure (average of median, trim and common CPI) rose to 2.56% from 2.46%. Unlike the Fed, the BoC are seemingl
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is climbing after UK inflation data for August showed the highest jump on record.
Combined with Tuesday’s strong UK employment numbers, the inflation figures will add to the pressures on the Bank of England to taper its stimulus program and therefore to upwards pressure on GBP.
GBP/USD RALLYING AFTER STRONG UK INFLATION DATA
GBP/USD is edging higher again after UK inflation numbers for August showed a surge in the headline rate,
Softer CPI inflation data eases short-term sentiment pertaining to monetary tightening and has equated to an initial weakening of the US dollar.
Source: Bloomberg
Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Tuesday 14 September 2021. IG
A steady recovery since May for Tesla has been bolstered by the recent solid earnings update, putting the shares on course for more gains.
Source: Bloomberg
Chris Beauchamp | Chief Market Analyst, London | Publication date: Tuesday 14 September 2021. IG
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is gaining ground after a strong set of UK labor-market figures that have again focused attention on the Bank of England’s policymakers and whether some will be persuaded that UK monetary policy should be tightened sooner than they previously expected.
Job vacancies rose above one million for the first time since records began as the UK economy continues to recover from the Covid-19 pandemic, while payrolls rose by more than economists had predi
CRUDE OIL, NATURAL GAS, NIKKEI 225, AUD/USD, RBA, US CPI - TALKING POINTS
WTI crude oil prices found support after a storm upgrade to Hurricane Nicholas
APAC equities mainly moved sideways but Japan’s Nikkei 225 made a new high
US CPI ahead. An outlier may see the Fed being forced to reassess conditions
Crude oil and liquid natural gas prices continued to be supported through the Asian session as the tropical storm approaching the Texas Gulf Coast was upgraded to “H
Uranium prices soar as Sprott Trust adds new source of demand amid producer refusal to ramp up supply.
Source: Bloomberg
Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 13 September 2021. IG
Uranium spark i
Ocado’s third quarter trading update is schedule for Tuesday 14 September. Can Ocado consolidate its position after the lockdown business boom?
Source: Bloomberg
Indices Shares Ocado Group London Stock Exchange Supermarket Grocery store
KEY TALKING POINTS:
Bears break lower but struggle to keep the momentum going
DAX 30 and S&P key levels to watch
Stocks made a decisive move lower last week which started to set the stage for a wider correction but the move so far this week seems to be rejecting further pullbacks. The moves last week coincided with warnings from major banks about the limited performance of stocks in the coming years, as well as downgrades to their forecasts for US GDP after the
Week commencing 13 September
Joshua Mahony’s insight
A busy week on the economic front, with US and UK inflation providing key updates for central bankers to consider. Meanwhile, jobs will also be a key concern, as UK and Australia prepare to release their latest employment number.
The corporate calendar looks to be slowing down, with just a handful of names to consider. In the UK, the likes of Associated British Foods, Ocado
AUD/USD Analysis & News
Risk Trends Dictating Direction for FX
Bearish on AUD Rallies
RISK TRENDS DICTATING DIRECTION FOR FX
A relatively tame session thus far across the FX space, which continues to lack notable direction. For currency markets, given that there is little to get excited about on the economic calendar, the focus will remain on risk sentiment for guidance. The Japanese Yen is on the back foot as we close out the week, with equities and yields findin
‘We remain positive on stocks with iron-ore exposure due to strong cash flow yields and earnings upgrade momentum.’
Source: Bloomberg
Iron ore price run reverses
Iron ore prices were the hot
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th September 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 pos
EUR/USD, ECB Price Analysis & News:
ECB Slows PEPP Purchases as Expected.
Euro Muted Following Expected Decision.
ECB Slows PEPP Purchases as Expected
The ECB announced that they will slow the pace of PEPP purchases from the current EUR 80bln/month with the change being called a “moderately” slower pace. A reminder, that this is an alteration of the prior guidance of “significantly higher pace” of purchases used over the past two quarters. Details are on the light
Key Talking Points:
All eyes on ECB as ultra-dovish policy continuity in question
Key levels for EUR/USD and EUR/GBP
The ECB will conclude its monetary policy meeting today and there is a bit of mixed emotions in the market this morning as recent comments from policy members have sparked some belief that the bank may be more hawkish than originally expected.
The bank has kept an ultra-loose monetary policy since the pandemic began and ha
On Wednesday, Macquarie told the market that 'We currently expect the 1H22 result to be slightly down on 2H21.’
Source: Bloomberg
Shares Macquarie Group Price Stock CFD Citigroup
Airline stocks are on the rise after months of downside. With air traffic expected to benefit from strong vaccination rates, could this represent a good buying opportunity?
Source: Bloomberg
Shares Airline Air traffic control Europe United Kingdom EasyJet
GOLD/SILVER TECHNICAL OUTLOOK:
• Gold took a hit yesterday, seen as heading lower some more
• Silver remains stuck in a downtrend
Last week, gold hit resistance and only stayed up against it for a day or so; the low 1830s turned out to be too much for gold to climb through. Yesterday brought some heavy selling that is seen as only the beginning of a bout of weakness.
We may see a little reprieve in the near-term, perhaps trading back around the 200-day at 1808 aga
EUR/USD PRICE, CHART, AND ANALYSIS
US dollar short-term strength weighs down on EUR/USD.
The ECB meeting will include the latest growth and inflation forecasts.
The US dollar keeps pushing higher with the greenback now on course to challenge short-term resistance just 10 ticks away. The double top around 92.80 on the daily DXY is unlikely to stop further upside in the dollar basket but may act as a short-term brake in the coming sessions. The US dollar’s rebound post last
KEY TALKING POINTS:
The DAX 30 hits a one-month low as the pullback continues
German elections could cause some volatility in the next few weeks
The DAX 30, which will become the DAX 40 from the 20th of September, continues to be rejected at the 16,000 mark despite having attempted to consolidate higher momentum around 15,800 for the past few weeks. The index, which is the worst performer so far today, is now resting on its 100-day moving average and is