FOMC meeting minutes have resulted in a negative market reaction as the dollar strengthens and equity market fall.
Forex Federal Open Market Committee Federal Reserve Inflation Employment Monetary policy
Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 19 August 2021. IG
FOMC MINUTES, US DOLLAR (DXY), AUSTRALIA JOBS, AUD/USD – TALKING POINTS
The US Dollar eventually found friends after the FOMC minutes
Asia Pacific equities followed Wall street lower as risks loom
Australian unemployment falls, but how much further will AUD/USD drop?
Minutes from July’s FOMC meeting were interpreted as hawkish, pushing the S&P 500, Nasdaq and Dow Jones lower on their close. APAC equities followed their lead, with all the top bourses finishing t
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The FTSE 100 stock, which has been trading sideways recently, fell below 45p a share this week.
Source: Bloomberg
Shares Lloyds Banking Group Stock Chief executive officer UBS Bank
US DOLLAR, FOMC MINUTES, RBNZ, NZD/USD, EUR/USD – TALKING POINTS
US Dollar held ground in APAC trade, set to test key levels ahead of FOMC minutes
Asia Pacific equity markets found some support despite a soft Wall Street lead
RBNZ decision provided NZD volatility, market looking at EUR/USD support levels
The US Dollar held firm in Asia after strengthening in the North American trading session against the major currencies, even as July’s retail sales data showed a s
GOLD PRICE OUTLOOK:
Gold and silver prices held gains ahead of Wednesday’s FOMC meeting minutes
Disappointing US retail sales data and rising geopolitical tensions in Afghanistan boosted demand for gold
Prices are eyeing $1,785 for immediate resistance, breaching which may open the door for further gains
Gold extended higher during Wednesday’s APAC session after gaining 3.3% over the last 5 trading days. Risk sentiment turned sour after the US Commerce Department r
CRUDE OIL, BRENT, INFLATION, DELTA VARIANT, COVID-19, IRAN - TALKING POINTS:
Crude oil prices could rise as tensions with Iran stoke supply disruption fears
Delta variant spread may derail global recovery and impede crude oil’s gains
Between politics and global demand, which factor will be the most influential?
Crude oil prices rose over 30 percent year-to-date as increased vaccination rates and reopening after pandemic-inspired lockdowns led traders to bet on a boo
RBNZ RATE DECISION, DELTA COVID-19, NZD/USD –TALKING POINTS:
RBNZ keeps Official Cash Rates at 0.25% with country in snap Covid lockdown
The New Zealand Dollar sold off after the decision through the prior low 0.6880
Potential for NZD/USD to weaken further as rate hike expectations wind back
The RBNZ delivered a surprise with the official cash rate remaining at 0.25% and the market immediately reacted, with the New Zealand Dollar making a new low below 0.6880. Clea
We examine the highlights from the energy company’s interim results, released to the market on Tuesday, August 17.
Source: Bloomberg
Shares Commodities Petroleum Dividend United States Barrel
Analysts believe that the aircraft engine maker’s shares, up 8% this year, have more room to grow.
Source: Bloomberg
Indices Shares Roll-Royce Price JPMorgan Chase Stock
Rising chance of 2020 tapering a significant risk for gold, with the precious metal likely to lose ground if central banks start to tighten.
Source: Bloomberg
Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 17 August 2021. IG
KEY TALKING POINTS:
New Zealand enters a snap 3-day lockdown after one confirmed case of Covid-19 in Auckland
RBNZ probability of 25 bps hike drops to 85% from 100%
NZD/USD resting on key support area
The New Zealand Dollar has spiked lower this morning after a snap 3-day lockdown has been announced. This comes after the first case of Covid-19 was detected in the country since February, with Auckland having an extended 7-day lockdown as it is the origin of the only
AUSTRALIAN DOLLAR, AUD/USD, RESERVE BANK OF AUSTRALIA, RBA MINUTES – TALKING POINTS
Australian Dollar remains under pressure as Covid cases rise
Reserve Bank of Australia highlights health concerns, uncertain outlook
Weakening Chinese data continues to weigh on Aussie sentiment
The Reserve Bank of Australia (RBA) released the minutes from its most recent policy meeting, with market participants looking closely for any potential shifts in policy guidance tone. The mi
Demand for new build homes has remained resilient despite the pandemic. What should traders expect from Persimmon’s half-year earnings on Wednesday?
Source: Bloomberg
Jeremy Naylor | Writer, London | Publication date: Monday 16 August 2021. IG
CRUDE OIL PRICE OUTLOOK:
Crude oil prices fell for a third day after China reported disappointing retail sales and industrial production figures
The University of Michigan consumer sentiment index plummeted to a decade low of 70.3, weighing on demand outlook
WTI is testing trendline support, with sentiment tilting to the downside
Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-exp
GOLD PRICE OUTLOOK:
Gold prices held gains after rallying 2.9% over the last 3 trading sessions
Disappointing Chinese retail sales and industrial production figures dented risk sentiment
Prices are eyeing $1,785 for immediate resistance, breaching which may open the door for further gains
Gold held steadily during Tuesday’s APAC session after gaining 2.9% over the last three trading days. Risk sentiment turned sour after China reported disappointing retail sales an
Nvidia’s share price has surged by close to 50% year-to-date. Can its upcoming Q2 results draw further upside for its share price?
Source: Bloomberg
Shares Nvidia United States Price Graphics processing unit Price–earnings ratio
BRITISH POUND, US DOLLAR, JAPANESE YEN, GBP/USD, GBP/JPY – TALKING POINTS:
British Pound down with 2yr Gilt yields despite strong UK Q2 GDP data
GBP/USD may be resuming downtrend after counter-trend support break
GBP/JPY taking aim below 152.00 figure after range support is breached
The British Pound tracked broadly lower against its major counterparts in the wake of robust second-quarter GDP figures. Output grew 22.2 percent in the three months to June 2021 compare
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th 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 adjustment on your acc
Although airline groups IAG and easyJet are seeing uneven paces of recovery across their key markets, research teams mostly kept a rosy outlook.
Source: Bloomberg
Shares International Airlines Group EasyJet Airline British Airways Iberia
USD Price Analysis & News
Inflation Induced USD Dip to be Faded
USD and US Yields to Face Upward Pressure into Jackson Hole
Yesterday’s inflation report marked a win for team transitory with factors such as used cars peaking. However, while the release prompted a marginal turnaround for the greenback, given Fed members are largely in agreement that the inflation goal for tapering has been met, the focus is on the labour market and thus the inflation report shoul
CRUDE OIL, DELTA VARIANT, INVENTORY LEVELS, IEA REPORT – TALKING POINTS
Crude and Brent oil benchmarks at weekly highs following overnight gains
US EIA oil and gas inventories dropped last week, disappointing expectations
Prices take aim at psychological 70 handle but 9-day EMA pinning upside
Crude oil prices appear to be stalling just below $70 per barrel after rising overnight despite a disappointing inventory report out of the United States. Brent benchmark pric
Covid-19 vaccine maker Moderna’s stock has been on a tear this year, hitting record highs.
Source: Bloomberg
Shares Moderna COVID-19 vaccine United States BioNTech Pfizer