GOLD, XAU/USD, US RETAIL SALES, TREASURY YIELDS – TALKING POINTS
Gold prices look higher after big gain on inflation worries
US retail sales may provide the key for XAU’s direction
XAU/USD eyes psychological 1900 level as prices gain
Gold’s recent upside appears to be stalling out after prices cleared a key level of resistance during last week’s big +2.64% gain. XAU is currently trading near the highest levels since early June despite rising Tre
The Bank of England is forecasting a base interest rate rise in the ‘coming months.' But the US Federal Reserve is insisting that rising inflation is 'transitory.' Could a policy divergence see sterling soar?
Forex Inflation Pound sterling Interest rate Federal Reserve Monetary Policy Committee (United Kingdom)
Q3 earnings season propelled the S&P 500 to fresh record highs; although company’s flag concerns about the impact of higher costs on future profits.
Indices Shares S&P 500 Inflation Revenue COVID-19 recession
US inflation pressure looks likely to maintain the push on the Fed to tighten, with the dollar index reaching a 16-month high.
Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 15 November 2021
EUR/GBP Price, Chart, and Analysis:
UK interest rate hike in December looking likely.
UK inflation is set to rise further.
EU covid rates turn higher.
EUR/GBP traders will need to be alert over the next few days and weeks with a combination of hard data, BoE rate hike expectations, and rising covid cases in Europe will give further clues to the direction of the pair in the short term. In addition, ongoing talks between the EU and UK over the Northern Ireland protoco
CRUDE OIL PRICES, INFLATION, IRAN-US RELATIONS, IRAN NUCLEAR DEAL - TALKING POINTS:
Crude oil are prices at risk ahead of key geopolitical development at the end of the month.
US-Iran talks on 2015 nuclear deal could yield progress, apply downward pressure on oil.
What are obstacles to reconciliation and other macro-fundamental factors swaying crude?
ALCHEMY OR AFFECTATION? IRAN NUCLEAR TALKS
Crude oil prices are vulnerable to geopolitically-induced volat
AUSTRALIAN DOLLAR, AUD/USD, US DOLLAR, US YIELDS, GOLD - TALKING POINTS:
The Australian Dollar has accelerated lower after Wednesday’s CPI.
APAC equities were mixed, crude oil is down a bit and gold is firmer.
The market is testing the Fed’s resolve. Will US rates hit AUD/USD?
The Australian Dollar has lost ground to the US Dollar with US yields continuing higher in the aftermath of an eye watering CPI on Wednesday. All across the US curve, rates went north i
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th November 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
The Marks and Spencer share price is up 92% since this time last year, as CEO Steve Rowe's turnaround plan begins to bear fruit for the FTSE 100 retailer. Can it return to its five-year high of 386p?
Indices Shares Marks & Spencer Price Retail Investor
ARTICLE 16 EXPLAINER:
UK-EU Tensions Rise Over Northern Ireland Protocol.
UK to Trigger Article 16 Should Talks Fail, Raising Trade War Risks.
Tensions between the UK and EU have been on the rise in recent weeks, as both parties have yet to resolve their differences over the Northern Ireland Protocol. In turn, should the UK and EU fail to bridge the gap in talks, the UK have threatened to trigger Article 16.
WHAT IS ARTICLE 16?
Article 16 deals with
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is edging closer to a support line connecting the lower lows in place on the daily chart since late May.
It has not been helped by either a stronger US Dollar after yesterday’s hot US inflation numbers or by a mixed bag of UK GDP data released earlier in this session.
GBP/USD is edging lower towards support from the downward sloping channel that checks in currently around 1.3315. If that should break, the pair
Nvidia’s share price has surged by close to 134% year-to-date. Can it continue to go higher?
Shares Nvidia Graphics processing unit Price Central processing unit Relative strength index
The Persimmon share price has risen slightly since yesterday's trading statement. But with lenders increasing mortgage rates, the future is far from certain for the FTSE 100 housebuilder.
Shares Price Persimmon plc Inflation Real estate economics Interest rate
US CPI, AUD Analysis and News:
Large Deviation From Consensus Needed in CPI to Awaken FX.
Australian Jobs Data in Focus, Depressed Iron Prices Weigh on AUD Sentiment.
The main event of today will be the latest US CPI report, where expectations are for the headline to rise 0.4ppts to 5.8%, while the core figure is seen up 0.3ppts to 4.3%. In turn, this would mark a sixth consecutive month of inflation above 5% with the core reading at 4% or more for the fifth month in a ro
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD continues to trade broadly sideways despite an ongoing row over whether former Conservative Attorney General Sir Geoffrey Cox broke any rules while earning more than £800,000 representing the British Virgin Islands Government in a corruption case.
Even though this has come in the wake of the resignation of Conservative MP Owen Paterson after he was found to have breached lobbying rules over his £110,000 per year private-sector work, GBP/USD has
The Rolls-Royce share price has risen 5% to 149p. It's announced £450 million in funding from the government and private investors for the development of mini nuclear reactors to kickstart the UK's green economy.
Shares Roll-Royce Nuclear reactor United Kingdom Nuclear power Price
GOLD/SILVER TECHNICAL OUTLOOK:
Gold heading into confluent resistance, intermediate and long-term.
Silver heading towards neckline of inverse head-and-shoulders pattern.
Gold price has been a ranging mess the past few months and how major confluent resistance gets treated here very soon could determine whether that continues to be the case or not. There is a trend-line running down from the August 2020 high that makes up the top of a large wedge pattern. This is in
US DOLLAR, TREASURY YIELDS, USD, FEDERAL RESERVE, S&P 500 - TALKING POINTS:
The US Dollar slipped with yields as Fed leadership change bets slightly rise.
APAC equities and currencies were mixed with Japanese Yen outperforming.
The Fed warned on the prices of risky assets, will USD resume its uptrend?
The US Dollar lost ground today on news that Federal Reserve Governor, Lael Brainard, was interviewed for the top job at the central bank. She is seen as mo
At 23,540 points today, the FTSE 250 is only 2.7% below its record of 24,194 it hit on 3 September. And with the base interest rate remaining at 0.1%, it could go further.
Indices Shares Commodities FTSE 100 Interest rate Stock market index
Fertiliser price surge brings expectations of further strength across soft commodities.
Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 08 November 2021
Natural gas surge brings jump in fe
USD TECHNICAL OUTLOOK:
DXY hit resistance via the March 2020 low.
Friday’s reversal day suggests a little weakness from here.
Lines and levels to watch in the days ahead.
US DOLLAR TECHNICAL OUTLOOK: CAPPED BY RESISTANCE, FOR NOW
The US Dollar Index (DXY) ran into the pivotal March 2020 low, the trough created during the early days of the pandemic. It was a panicky low that made it an important
EUR/GBP PRICE, CHART, AND ANALYSIS
EU/UK relations continue to sour.
Sterling supported for now but article 16 fears remain.
Retail traders shun EUR/GBP.
Keep up to date with all market-moving data releases and events by using the DailyFX Calendar
According to a raft of media outlets, the EU may suspend the Brexit trade deal if the UK triggers article 16, as has been suggested, as the relationship between the two sides continues to deteriorate. Article 1
Tesla (TSLA) Analysis & News:
Elon Musk Proposes to Sell 10% Stake in Tesla in Twitter Poll.
Poll Result in Favour of “Yes”
Tesla Gaps Lower by 7.5%, But Don’t Rule Out Quick Recovery.
Over the weekend, Elon Musk took to Twitter to tweet a poll, saying that “much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock”. He added that he would abide by the results of the poll. As such, the final results of the
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