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Market News

US Dollar Drops, Gold Spikes Initially on NFP Headline Shock

USD, NFP Price Analysis & News US NFP 235k vs Exp. 750k, Prior Reading Revised Higher Unemployment Rate & Higher Than Expected Wage Growth Counters Headline US Dollar Initial Drop Reverses NFP Mixed as Headline Misses, Revision Downgraded, While Unemployment Rates Beats A much weaker than expected NFP headline at 235k vs 750k, while the prior reading had been revised higher to 1053k from 943k. The unemployment rate fell 0.2ppts to 5.2% matching expectat
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Market News

Gold Prices May Fall on US Jobs Data Even If Payrolls Disappoint

GOLD PRICE OUTLOOK: Gold prices struggled for upside follow-through after Jackson Hole rally. US jobs report may weigh on gold if wage inflation continues to hold up. RSI divergence hints August rise might be fading, with a drop to follow. Gold prices marked time this week having roared higher in the wake of the Jackson Hole symposium. Traders seemingly read as ‘dovish’ a speech by Fed Chair Powell where he separated the start of tapering QE asset purchases from sub
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Market News

Dollar and Dow Wound Up Before NFPs and Holiday Drain

Dow, NFP, EURUSD, USDCAD and USDJPY Talking Points Markets have been remarkably restrained this week – on point with the seasonal expectations but also an ominous lead in to Friday’s concentrated event risk While US NFPs are the top listing for the week, the ISM service sector activity report can similarly tap into Fed taper expectations As liquidity thins out before the US event risk Friday, be mindful of sudden and possibly extreme volatility in Dollar pairs and risk assets
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Dividend Adjustment

Dividend Adjustments 6th September 2021 - 13th September 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6th September 2021. 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 adjustment on your a
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Market News

Dollar Forecast Leans Further on NFP after ADP, Dow Quiet Hits Extreme

DOW, NFP, EURUSD, AUDUSD AND USDTRY TALKING POINTS Despite the long-awaited transition from August to September, the first day of trade in the new month didn’t bring a sudden resurgence of activity The US ADP private payrolls report and the employment component of the ISM’s manufacturing survey have leveraged the importance of Friday’s NFPs EURUSD and AUDUSD have put in for more convincing technical breaks, but what is the real capacity for this market to develop a genuine tr
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Market News

British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD

BRITISH POUND, GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD – TALKING POINTS GBP/CHF re-enters multi-month channel after bouncing off 200-DMA GBP/AUD breaks lower out of ascending channel, targeting 0.618 retracement GBP/CAD continues to oscillate above support, trend remains neutral GBP/NZD plummets through trendline, eyeing 200-DMA for fresh support   GBP/CHF ANALYSIS The British Pound has been mixed of late against its Swiss Franc counterpart, with much o
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Market News

Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand

CRUDE OIL, OPEC, COVID, EIA, API – TALKING POINTS Crude and Brent oil dropped in August as Covid fueled demand fears OPEC+ decision may see cartel reign in supply to support prices Technical outlook is slightly bullish after retaking key trendline Crude and Brent oil benchmarks are slightly higher as September trading kicks off following the first monthly price drop since March. Oil prices started dropping in early August on global demand fears as the Delta Covid v
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Market News

British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

GBP PRICE, NEWS AND ANALYSIS: GBP/USD continues to edge higher as the US Dollar slips back. Meanwhile, EUR/GBP looks ready for another upward move as a symmetrical triangle pattern on the charts suggests further gains ahead.   EUR/GBP WELL PLACED TO BREAK HIGHER EUR/GBP looks ready to break higher as a symmetrical triangle continuation pattern on the charts suggests further gains for the pair – as long as the break from the pattern is to the upside. That break wo
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Market News

Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed

CRUDE OIL OUTLOOK: Crude oil prices up in risk-on trade as London reopens after bank holiday Follow-through may be limited as trend-defining chart barrier approaches API and EIA inventories data, OPEC+ meeting are in the spotlight ahead Crude oil prices have largely reflected broader sentiment trends recently. The WTI benchmark has tracked higher alongside the bellwether S&P 500 stock index – a proxy for investors’ mood market-wide – over the past week. The US D
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Market News

UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP

POUND STERLING (GBP)TALKING POINTS: UK bank holiday likely to result in lower trading volumes on Monday GBP Tech setups ahead of major risk events: GBP/USD, EUR/GBP Major risk events: EU Core inflation then US consumer confidence, PMIs and NFP SLUGGISH STERLING START’S THE WEEK ON A QUIET NOTE Bank holiday (UK) Monday saw a relatively muted start to the week for the Pound, as expected. On the travel front, the UK has added 7 more countries to the ‘green li
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Market News

Fed and ECB Accommodative as Euro Opens Flat

EUR/USD PRICE ANALYSIS EUR/USD unchanged post-Jackson Hole. Euro tests key technical levels. IGCS undecided as traders are equally split. EUR/USD FUNDAMENTAL BACKDROP This week's open did not have the dramatic effect of prior Jackson Hole re-opens as markets remained relatively subdued after Fridays close. In conjunction with a bank holiday in the UK, which may be adding to the slump in volatility during early trading, the weekends highlight was Fed Chair Powe
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Market News

US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?

US DOLLAR, GOLD, CRUDE OIL, DOVISH FED, JACKSON HOLE AFTERMATH - TALKING POINTS The Jackson Hole symposium managed to deliver some action APAC equities slightly higher, joined by commodities and other currencies Undermined US Dollar boosts commodities. Where to for gold?   Federal Reserve Chairman Jerome Powell delivered a dovish speech at the Jackson Hole symposium on Friday and markets took the cue to offload the US Dollar against most assets. Equities, bond
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Market News

US Dollar Price Action Set Up Ahead of Fed Chair Powell Speech

USD Price Analysis & News All Eyes on Fed Chair Powell Fed Hawks Out in Force Fed Chair Powell takes centre stage today as market participants look for additional clues as to when an announcement over the tapering of QE will take place. In light of Fed’s Kaplan (hawkish) comments made last week that the spread of the Delta variant could adjust his views on policy and with the Jackson Hole Symposium becoming a virtual summit this has stoked expectations that Powell may
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Market News

Dollar Traders Focused on Powell at Jackson Hole, EURUSD Capable of 1.1775-1.1650 Break?

S&P 500, VXX AND EURURSD TALKING POINTS Heading into the final trading day of the week – but still in the thick of the liquidity doldrums –Fed Chairman Powell’s statement and the PCE update are a beacon The S&P 500 and most other risk-leaning assets swooned this past session as market participants readied for this week’s top event risk Considering the Fed is actively attempting to avoid market volatility and there is still more than a week until the end of the market’
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