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
Find out what to expect from Disney’s earnings results, how they will affect Disney share price, and how to trade Disney’s earnings.
Source: Bloomberg
Shares The Walt Disney Company Price Streaming media Market trend Market sentiment
AN INTRODUCTION TO MULTI-TIME FRAME ANALYSIS
Multi-time frame analysis (also known as multiple time frame analysis) allows traders to focus on the appropriate timing of trades as well as help identify when trends may be reaching exhaustion. This article will explain how to utilize this methodology with the forex pair EUR/AUD.
BENEFITS OF MULTI-TIMEFRAME ANALYSIS
As explored in previous articles on trendlines and pitchforks / median-lines are used to locate key reaction zones in pr
US Dollar, Bank of England, Treasuries, OPEC+, Crude Oil, Japan - Talking Points:
USD moved up as bond markets reeled from Bank of England inaction.
OPEC+ stuck to plan and disregarded political pressure to up production.
Asian markets digested overnight moves. Will USD uptrend continue?
The US Dollar rallied in the aftermath of the Bank of England keeping rates on hold. The market had priced in a 15-basis point hike. That makes 3 from 3 central banks keeping
CRUDE OIL, WTI, OPEC+, NFPS, TECHNICAL ANALYSIS - TALKING POINTS:
Crude oil prices aimed lower despite OPEC+ output hike hold.
Markets bet US may release more strategic petroleum reserves.
WTI eyeing NFPS as positioning data offers a bearish outlook.
Crude oil prices aimed lower over the past 24 hours. This is despite OPEC and its allies, known as OPEC+, deciding to maintain oil output increases at 400k barrels per day for December. This came as a disappointm
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 8th 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 o
A successful Openreach fibre rollout, falling costs, and a new experienced Chairman could send the telecoms giant to new highs. But overall revenue for H1 FY22 fell by 3%. So what's next for BT?
Source: Bloomberg
Shares BT Group Openreach Investor Stock Price
Friday’s upcoming US jobs report looks to bring a rebound in payrolls, with ADP and ISM surveys signalling a potential improvement after two months of weak NFP’s.
Source: Bloomberg
Shares Unemployment Employment United States Payroll Federal Open Market Committee
GBP PRICE, NEWS AND ANALYSIS:
The Bank of England’s monetary policy committee is almost certain to raise UK Bank Rate to 0.25% today from the current 0.10%.
However, that 15bps increase has been fully priced in by the markets already and GBP/USD is therefore more likely to weaken than strengthen in response.
RISK TO THE DOWNSIDE FOR GBP/USD
GBP/USD is looking fragile around current levels, with a 15 basis point rate increase to 0.25% by the Bank of England’s mo
GOLD, XAU/USD, FED, YIELD CURVE, NFP JOBS REPORT – TALKING POINTS:
Gold prices reacted to the upside following the Fed’s taper announcement.
Bullion traders eye Friday’s non-farm payrolls report for next directional move.
XAU/USD faces confluent resistance from key moving averages.
Gold prices moved higher following the Federal Reserve’s interest rate decision Wednesday. The Fed opted to begin tapering asset purchases, a move analysts have speculated over for
CRUDE OIL, OEPC+, FED, FOMC, BANK OF ENGLAND - TALKING POINTS:
Crude oil prices slid as the WTI contract traded under US$80 a barrel.
Post-FOMC environment is positive after all main US indices hit highs.
All eyes on the BoE and OPEC+ meetings. Has crude seen the top for now?
Crude oil slipped on a larger than expected increase in inventory, data released in the US revealed. Figures from the Energy Information Administration / Department of Energy petroleum s
As the AI cybersecurity firm’s 180-day lock-up period ends, one of its largest shareholders, Deep Defence, has sold a third of its holdings totalling 11 million shares. And there could be more to follow.
Source: Bloomberg
Shares Darktrace Investor Price Revenue CFD
NIO’s share price has risen by close to 24% over the past month. Can its Q3 results provide a boost for share price?
Source: Bloomberg
Price Supply chain MACD Nio Technical analysis
Yeap Jun Rong | Market
RUB, CAD AND NOK: PRICES, NEWS AND ANALYSIS:
US inventories of crude oil are rising and OPEC+ will likely agree a small output increase when it meets tomorrow, putting downward pressure on oil prices.
That’s negative for petrocurrencies such as the Russian Ruble, Canadian Dollar and Norwegian Krone, and therefore positive. for USD/RUB, USD/CAD and EUR/NOK.
PETROCURRENCIES UNDER DOWNWARD PRESSURE
The climb in crude oil prices that began in mid-August has run out
US DOLLAR, BRITISH POUND, GBP/USD, BOE, FED,CHINA, AUD/USD - TALKING POINTS:
The US Dollar has rallied against most G10 currencies this week ahead of the Fed.
APAC equities were mixed today, and generally, commodities have moved lower.
All eyes are on the key central banks’ meetings. Will the USD resume its uptrend?
The US Dollar has made ground in a week full of central bank action. The RBA led the way yesterday, stepping back from yield curve control having
The BP share price has fallen 2% today due to mixed Q3 results. Rocketing oil and gas prices sent revenue soaring, but fair accounting rules also saw the energy giant post an overall $2.5 billion loss.
Source: Bloomberg
Shares Commodities BP Price Price of oil Petroleum
The Bank of England could raise rates on Thursday, but the outlook could be just as important for the pound come Thursday.
Source: Bloomberg
Forex Inflation Unemployment Pound sterling United Kingdom Bank of England
The Federal Reserve look set to begin tapering, but will markets continue to take it in their stride?
Source: Bloomberg
Inflation Price Federal Open Market Committee Interest rate Interest Interest rates
J
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CRUDE OIL OUTLOOK:
Crude oil prices may decline if the Fed dials up hawkish rhetoric.
OPEC+ unlikely to yield to US-led calls for faster output increase.
Chart positioning hints WTI momentum flagging at 7-year high.
Crude oil prices are trading water having settled in a range after hitting a 7-year high below the $86/bbl figure last week. An intraday bounce was capped yesterday as October’s US ISM manufacturing report showed sector growth slowing even as inpu