Treasurer Jim Chalmers warns of a red flag in Australia's economic and fiscal position; upgrades the end-of-year inflation prediction to 7.75%.
Source: Bloomberg
Hebe Chen | Market Analyst, Melbourne | Publication date: Thursday 28 July 2022
The conclusion of the Federal Open Market Committee (FOMC) meeting overnight saw an expected 75 basis-point (bp) hike to a range of 2.25% to 2.5%, which was in line with market expectations.
Source: Bloomberg
Forex Indices Shares United States S&P 500 United States dollar
Lloyds Banking Group has generally pleased investors while EU pressures have been highlighted by Deutsche Bank as it warned about an incoming drop in investment banking profits. Credit Suisse has issues all of its own.
Shares Bank Credit Suisse Switzerland Lloyds Banking Group Deutsche Bank
Despite a drop off in digital advertising at Snap, Google’s ad revenue held up and the stock rose in extended trade. Microsoft's stock also closed higher all-session despite some volatility, after it delivered a positive outlook.
Shares Google Microsoft Revenue Stock Advertising
As we talked about in our introduction to price action, markets are cyclical creatures. Prices go up, prices go down and as traders, the most we can hope to do is ride on the right side of the wave for a bit.
But along the way there’s a number of deductions that traders can make that can allow for strategy to enter the picture, and in terms of trend, support and resistance is fairly important. Bullish trends will often price-in a series of higher-highs and higher-lows while bearish trends w
The short squeeze has demanded the audience from many of the best investors and traders the world over, with some boastful about correct market predictions while others are humbled by the swift yet destructive nature that is the short squeeze. This article will outline the foundational concepts of the short squeeze while providing insight on how to manage and trade around this contentious financial market phenomena.
WHAT IS A SHORT SQUEEZE?
The definition of a short squeeze can be term
De-risking in the US equity markets continues to take place overnight, as economic data and downbeat profit guidance from Walmart provided little catalysts for markets to cheer.
Source: Bloomberg
Forex Indices Inflation S&P 500 United States Market sentiment
AUD/USD trades to a fresh monthly high to largely track the advance across the commodity bloc currencies, but the exchange rate may mirror the price action from last month as it struggles to hold above the 50-Day SMA.
Source: Bloomberg
Forex Shares Commodities United States dollar Aust
A fundamental and technical outlook on the Barclays and Lloyds share price.
Source: Bloomberg
Shares Lloyds Banking Group Barclays Bank Price Market trend
As the pandemic fades, Royal Mail’s share price is being hit by the twin axes of falling revenue and 115,000 workers set to strike.
Source: Bloomberg
Shares Royal Mail Communication Workers Union (United Kingdom) Share price Inflation Stock
Major US indices were mixed to kickstart the new trading week, as sector performance revealed investors’ positioning for the impending rate hike from the Fed this week.
Source: Bloomberg
Forex Indices Shares EUR/GBP United States Pound sterling
US dollar pullback pauses multi-month copper breakdown ahead of FOMC; copper production unlikely to increase as miners squeezed by low prices and copper prices susceptible to more losses if flag support breaks.
Source: Bloomberg
Forex Shares Commodities Copper United States dollar Unit
The S&P 500 ekes out small gain; Nasdaq 100 falls for the second day in a row; Microsoft and Alphabet’s earnings to steal the spotlight on Tuesday and the FOMC monetary policy decision will take the center stage on Wednesday.
Source: Bloomberg
Indices Shares Nasdaq Microsoft S&
Is the BP share price dip an excellent FTSE 100 buying opportunity, given that it staged a recovery rally this week and evolves in a long-term uptrend?
Source: Bloomberg
Indices Shares Commodities BP Price Share price
Where to next for the easyJet share price as Ryanair posts its first post-pandemic profit?
Source: Bloomberg
Shares Ryanair EasyJet Airline Price Peter Bellew
The end of last week saw major US indices snapping their three-day winning streak, as earnings underperformance and weak guidance from Snap cast a cloud of uncertainty over the outlook for social media and technology companies.
Source: Bloomberg
Forex Indices Commodities United States G
Alphabet will report its Q2 earnings on 26 July after the market closes. The focus will be on Google’s advertising revenue which is suffering strong headwinds as the economy slows down.
Source: Bloomberg
Shares Google Advertising Revenue Recession Risk
With the long term weakness in EUR/USD, Richard Snow from Daily FX picks up on the trend and is looking for a better price to enter another short trade around US interest rates.
Welcome, let's take a look now at a Risk Event for the week starting Monday 25th July. As we go into that last full trading week of the month, we can catch up now with Richard Snow from DailyFX with a look ahead to that event next week. Rich, how are you doing? What's goi
The US equity markets continue to push higher overnight on earnings optimism, with results from Tesla joining the likes of Netflix to drive outperformance in the growth sectors once more.
Source: Bloomberg
Forex Indices EUR/USD Euro Nasdaq Bank of Japan
Australian e-conveyancing platform PEXA is intent upon enhancing its tech capabilities and expanding upon its market dominance following its $1.174 billion listing on the ASX in June last year.
Source: Bloomberg
Indices Shares Artificial intelligence Bank Australia CFD
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 25th July 2022. 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 on a
Meta earnings are expected to contract significantly on an annualized basis in Q2 2022
Source: Bloomberg
Shares Meta Platforms Price Facebook E-commerce Advertising