Annual CPI inflation is expected to decline slightly in July.
Fed is unlikely to renounce hawkish policy shift on single CPI print.
EUR/USD could target fresh 2021 lows amid broad-based USD strength.
Inflation in the United States, as measured by the Consumer Price Index (CPI), is expected to edge lower to 5.3% on a yearly basis in July from the 13-year-high registered at 5.4% in June. The annual Core CPI, which excludes volatile food and energy prices, is forecast
We examine the highlights from the bank’s full-year report, released on Wednesday, August 11.
Source: Bloomberg
Shares Dividend Bank Share repurchase Price Stock
British engineering group Rolls-Royce’s stock has received a boost from solid half-year earnings.
Source: Bloomberg
Forex Shares Roll-Royce United Kingdom Stock Penny
Walt Disney Q3 earnings provide an important update on their reopening transition, with rising revenues needed to justify elevated share price.
Source: Bloomberg
Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 10 August 2021
S&P 500, GOLD, DOLLAR AND EURUSD TALKING POINTS
Summer trading conditions are still steering the markets broadly with the likes of the S&P 500 carving out a very restrained tempo – though running an extended advance
Thin markets can cap activity, but it can also exaggerate volatility significantly as with gold’s supposed Monday flash crash
The Dollar is on the cusp of a technical break out (breakdown for EURUSD) and rate speculation has accelerated, but can it overcom
EUR/USD, GBP/USD and AUD/USD head lower, with key support coming into play as the dollar looks to return to strength. Video here.
Forex United States dollar Market trend EUR/USD GBP/USD AUD/USD
EUR/USD tumbles back into a key support
EUR/USD ended the week in so
Deliveroo shares jumped up nearly 10% after it was reported that German food delivery service Delivery Hero has acquired a 5.09% stake in the company.
Video here.
Forex Indices Shares Deliveroo IPO Delivery Hero
Deliveroo shares spiked up 10% on Monday morning (09 August 2021)
We highlight five things that investors and traders need to know on Monday, 9 August.
Source: Bloomberg
Forex Indices Commodities United States Australian Securities Exchange ASX
GOLD PRICE OUTLOOK:
Gold prices plunge as July’s US jobs data outperforms vs. expectations
Fed stimulus withdrawal bets building with CPI, Jackson Hole in view
Breaking 2021 floor might set the stage for testing the $1600/oz figure
Gold prices plunged after July’s stronger-than-expected US jobs report stoked Fed stimulus withdrawal bets. The US Dollar traded broadly higher and Treasury bond yields rose, tarnishing the appeal of the non-interest-bearing, perennially anti-
We highlight five ASX-listed companies that investors and traders should keep an eye out for during Australia’s August earnings season.
Source: Bloomberg
Indices Shares Australian Securities Exchange ASX Australia Commonwealth Bank
US DOLLAR AWAITS NONFARM PAYROLLS DATA, FED TAPER TIMELINE
US Dollar front and center with volatility set to accelerate around NFP data due Friday
The DXY Index has been coiling between its 20-day and 50-day simple moving averages
USD price action to strengthen if nonfarm payrolls top forecast and fuel Fed taper risk
Check out the DailyFX Real Time News page for breaking market news and analysis
The US Dollar was mixed across the board of major curren
NIO’s share price has risen by close to 7% over the past week, ahead of its upcoming Q2 results next week. Can its Q2 results exceed expectations?
Source: Bloomberg
Shares NIO (car company) Price Technical analysis Self-driving car
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th August 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 adjus
Investors this week snapped up shares of Robinhood, helping the ‘meme stock’ reverse its rocky first-day showing.
Source: Bloomberg
Shares Robinhood Stock Option United States Investor
The Amazon stock remains a ‘buy, despite a string of price target downgrades in recent days.
Source: Bloomberg
Shares Amazon United States Price Stock CFD
Friday’s US jobs report expectations come into question after a disappointing ADP payrolls release.
Source: Bloomberg
Shares Unemployment Payroll Employment United States Federal Reserve
Joshua Mahony | Se
GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS
Gold prices took hit after Fed’s Clarida fueled tightening bets
Friday’s non-farm payrolls report likely vital to gold’s direction
XAU/USD sees a possible Death Cross formation on the horizon
Gold was on the run this week until it stumbled on a surge in the US Dollar. The Federal Reserve’s Vice Chairman, Richard Clarida, caused Fed rate hike bets to strengthen on Wednesday. Mr. Clarida’s commentary sug
AUSTRALIAN DOLLAR, DELTA VARIANT, CHINA, RBA - TALKING POINTS
Cycle-sensitive Australian Dollar at risk as clouds of doubt brew over global recovery
COVID-19 Delta variant may shake up markets as state-enforced lockdowns are imposed
Rising Australia-China tension could compound medium-term bearish outlook for AUD
The Australian Dollar may continue to fall against the haven-linked US Dollar and anti-risk Japanese Yen as fundamental risks continue to mount. AUD/USD an
CRUDE OIL, COVID-19, FED, IGCS, TECHNICAL ANALYSIS - TALKING POINTS:
Growth-linked crude oil prices weakened alongside energy stocks on Wall Street
Rising global Covid-19 cases, speech from Fed’s Clarida dented energy prices
WTI at risk of developing bearish technical signals as retail traders go long
WTI crude oil prices fell by the most in over 2 weeks on Wednesday, succumbing to f
The UK’s third most valuable bank received stock target price upgrades from Credit Suisse, JPMorgan and UBS analysts.
Lloyds Banking Group (LON: LLOY) shares have fallen 1.9% since reporting H1 results
Nevertheless, a trio of research firms are now eyeing higher target prices
The group reported a statutory profit before tax of £3.9 billion for the period, up from a loss of £0.6 billion
It also reintroduced a ‘progressive and sustainable ordinary dividend policy’
US DOLLAR, ADP EMPLOYMENT, FED, NFP, EUR/USD – TALKING POINTS:
US Dollar little-changed since last week’s Fed-inspired selloff
ADP jobs data eyed as preview of Friday’s official NFP release
EUR/USD struggling to make good on bullish Wedge breakout
The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement, seemingly underscoring that move’s limited scope for follow-through. This is because the central bank
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is continuing its modest climb higher that began a fortnight ago, and could hit the psychologically important 1.40 level soon.
That, though, is dependent on the Bank of England’s monetary policy committee sounding hawkish when it announces its latest decisions Thursday.
GBP/USD WAITING FOR BANK OF ENGLAND
GBP/USD continues to advance modestly, extending the rise that began on July 20 when the pair hit a recent low at 1.3572. The c
The Tencent share price is off more than 40% from February’s highs due to regulatory headwinds, but is now the time to buy?
Why is the Tencent share price under pressure in 2021
Tencent the Chinese tech giant sees its share price down more than 20% year (more than 40% down from February’s highs) to date as investors react to a regulatory crackdown furthered by media pressure.
Chinese officials clamping down on major tech companies within the region has bee