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US Dollar Technical Outlook: DXY Sitting Solid Support

USD TECHNICAL OUTLOOK: DXY fell back to support late last week. Trust support until broken. A break is seen as leading to modest selling.   US DOLLAR TECHNICAL OUTLOOK: DXY SITTING SOLID SUPPORT In last week’s commentary we discussed how the US Dollar Index (DXY) looked headed higher out of a developing wedge, and that outlook had some legs – for a minute. The wedge breakout quickly failed just ahead of a significant area of resistance (94.67) formed durin

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Gold Price Forecast: XAU/USD Struggles as the US Dollar Regains its Poise

Gold Price, Chart, and Analysis 10-year US Treasury yields back above 1.60%. Gold sitting on a prior resistance level.   Keep up to date with all market-moving data releases and events by using the DailyFX Calendar Gold has given back nearly all of last Wednesday’s post-CPI release rally and is now back at an important chart level that has steered price action over the last few weeks. The precious metal’s main driver remains the US dollar which in turn is being d

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British Pound (GBP) Latest: BoE Rate Hike Bets Soar, GBP Volatility to Rise

GBP Analysis and News: Governor Bailey Reiterates that BoE Must Act to Curb Inflation. BoE Tightening Bets Increase Further. GBP to Find Rate Support vs Low Yielders. Another round of commentary from the BoE over the weekend with Governor Bailey signalling yet again that the BoE will have to act in order to curb down inflation. The Governor noted that while monetary policy cannot solve supply-side problems, which the UK economy is currently facing, the Bank will hav

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S&P 500 & Nasdaq 100 Forecast: Netflix & Tesla Earnings to Set the Tone for the Market

S&P 500 AND NASDAQ 100 WEEKLY FORECAST: SLIGHTLY BULLISH Corporate earnings will be key for the U.S. stock market in the near term Netflix and Tesla’s quarterly results will be in focus in the week ahead, following strong profits from major banks in the last few days If the tech sector performs well and issues positive guidance, there is scope for the S&P 500 and Nasdaq 100 to continue their recovery   Most read - S&

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S&P 500, DAX 40, FTSE 100 Forecasts: Bank Earnings Trigger Risk-on Mood

KEY TALKING POINTS: Global stocks rally as US earnings push back stagflation concerns. Investors must be aware of inflation effects in different sectors. Global stocks have rallied significantly in the last two sessions as upbeat sentiment returns to markets. Continued growth in earnings from major US banks and asset managers have seen investors take a break from concerns about growth and stagflation, focusing also on improving jobs data and a small decrease in the rate of

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Dividend Adjustments 18th October 2021 - 25th October 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 18th October 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

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Netflix share price: Q3 2021 earnings preview

Investors are hoping to see a recovery in net paid subscriptions from Netflix’s UCAN region in the upcoming Q3 results, while also hoping to learn more about the group’s investment into online gaming. Source: Bloomberg    Shaun Murison | Senior Market Analyst, Johannesburg | Pu

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FTSE 100 Technical Analysis: Looking to Break Multi-month Range

FTSE 100 TECHNICAL HIGHLIGHTS: The FTSE is working towards a breakout, but… Can’t jump the gun as we need to see confirmation. Multi-month consolidation could lead to 2020 highs and better.   The FTSE 100 is working on breaking out of the multi-month range it has been building since around May. If we see a close above 7220 the market may indeed string together a run that takes it back towards the pre-pandemic highs and possibly better. But before getting t

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Bank of England Speech Key to Sterling (GBP) Strength

GBP/USD ANALYSIS & NEWS: Eyes on BoE Speeches in light of Aggressive Hawkish Bets. Tenreyro & Mann Typically Dovish Leaning. The main highlight for GBP traders will be on the upcoming speeches from BoE Officials given the aggressive tightening priced into UK rates. While the rates market appears pretty conclusive that the BoE will tighten policy this year, it is still an open debate as to whether the Bank will pull the trigger with traders yet to hear from the more

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British Pound (GBP) Price Outlook: GBP/JPY Closes in on Major Resistance Levels

GBP PRICE, NEWS AND ANALYSIS: The strong move higher in GBP/JPY, that has taken it from a recent low at 148.96 on September 21 to above 1.55 currently, is now facing stiff resistance that will have to be overcome if the trend is to continue. Even if it can break through the 1.5611 high recorded on May 27, there is further resistance at the 156.62 high recorded on February 2, 2018.   GBP/JPY FACING KEY TEST The strength of the recent advance in GBP/JPY is facing a

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Euro Leaps as US Dollar Held Down by Treasury Yields. Where to for EUR/USD From Here?

EURO, EUR/USD, US DOLLAR, JAPAN, CHINA, AUD/USD - TALKING POINTS: EUR/USD went higher on the back of falling US yields dragging down USD. Japan set to go to the polls while China PPI creates headaches for PBOC. The Fed taper talk could drive USD. Will EURUSD get caught in crossfire?   The Euro gained ground against the US Dollar in the aftermath of the US CPI numbers and FOMC minutes. US yields moving lower pulled USD down against most assets. The US yield curv

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Product feature: Custom Trading Hours on ProRealTime

Hello IG Community ProRealTime is an advanced charting software and trading platform. ProRealTime's high quality charts, analytic tools and reliable market data received directly from the exchanges make it a powerful decision support tool.  Our first product feature is custom trading hours on ProRealTime.   We will cover how to enable custom trading hours and weekend data, how the setting affects market groups and how to adjust your charts to reflect historic dividend and rollo

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British Pound (GBP) Price Outlook: GBP/USD Steady, Sterling Gains on EUR, JPY

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is holding its ground despite a strong US Dollar, helped by news that the UK economy is expanding rapidly and expectations of a UK rate increase. This means continuing losses for EUR/GBP and gains for GBP/JPY, with the latest UK GDP figures backing up the growth narrative.   GBP OUTLOOK BRIGHT ON ECONOMIC EXPANSION HOPES GBP is holding its ground against a strong US Dollar as the latest UK GDP data reinforce the picture of a

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British Pound (GBP) Price Outlook: GBP/USD Well Placed for More Gains

GBP PRICE, NEWS AND ANALYSIS: GBP/USD is holding its ground around the 1.36 level as a 15 basis point increase in UK Bank Rate by the year-end edges closer. The latest UK employment report was broadly positive but the background remains unhelpful as higher energy prices continue to benefit haven assets like USD.   GBP STEADY, UK RATE INCREASE EXPECTED GBP/USD continues to trade around the 1.36 level, helped by expectations that the Bank of England will increase its be

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Crude Oil, Coal Forecast: Prices Supported by Tightening Supply Outlook

CRUDE OIL, COAL, CHINA, ENERGY – TALKING POINTS: Crude oil hits highest since October 2014 as supply outlook tightens. Inventory data key to price direction as traders eye API, EIA data. China flooding throttles coal supply outlook, pushing prices higher.   Oil prices rallied into the Asia-Pacific trading session before gains eased later in the day. The upbeat action came despite a pullback in risk-taking across equity markets on Wall Street. Crude oil is at th

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