Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13th September 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 pos
EUR/USD, ECB Price Analysis & News:
ECB Slows PEPP Purchases as Expected.
Euro Muted Following Expected Decision.
ECB Slows PEPP Purchases as Expected
The ECB announced that they will slow the pace of PEPP purchases from the current EUR 80bln/month with the change being called a “moderately” slower pace. A reminder, that this is an alteration of the prior guidance of “significantly higher pace” of purchases used over the past two quarters. Details are on the light
Key Talking Points:
All eyes on ECB as ultra-dovish policy continuity in question
Key levels for EUR/USD and EUR/GBP
The ECB will conclude its monetary policy meeting today and there is a bit of mixed emotions in the market this morning as recent comments from policy members have sparked some belief that the bank may be more hawkish than originally expected.
The bank has kept an ultra-loose monetary policy since the pandemic began and ha
On Wednesday, Macquarie told the market that 'We currently expect the 1H22 result to be slightly down on 2H21.’
Source: Bloomberg
Shares Macquarie Group Price Stock CFD Citigroup
Airline stocks are on the rise after months of downside. With air traffic expected to benefit from strong vaccination rates, could this represent a good buying opportunity?
Source: Bloomberg
Shares Airline Air traffic control Europe United Kingdom EasyJet
GOLD/SILVER TECHNICAL OUTLOOK:
• Gold took a hit yesterday, seen as heading lower some more
• Silver remains stuck in a downtrend
Last week, gold hit resistance and only stayed up against it for a day or so; the low 1830s turned out to be too much for gold to climb through. Yesterday brought some heavy selling that is seen as only the beginning of a bout of weakness.
We may see a little reprieve in the near-term, perhaps trading back around the 200-day at 1808 aga
EUR/USD PRICE, CHART, AND ANALYSIS
US dollar short-term strength weighs down on EUR/USD.
The ECB meeting will include the latest growth and inflation forecasts.
The US dollar keeps pushing higher with the greenback now on course to challenge short-term resistance just 10 ticks away. The double top around 92.80 on the daily DXY is unlikely to stop further upside in the dollar basket but may act as a short-term brake in the coming sessions. The US dollar’s rebound post last
KEY TALKING POINTS:
The DAX 30 hits a one-month low as the pullback continues
German elections could cause some volatility in the next few weeks
The DAX 30, which will become the DAX 40 from the 20th of September, continues to be rejected at the 16,000 mark despite having attempted to consolidate higher momentum around 15,800 for the past few weeks. The index, which is the worst performer so far today, is now resting on its 100-day moving average and is
Germany’s DAX Index price will look to include more stocks to better reflect the underlying economy.
Source: Bloomberg
Shares Germany Security Market liquidity Stock exchange Technical analysis
Shaun Muris
AUD/NZD looking set for further downside, with RBA stretching out tapering timelines as vaccination rates lag behind New Zealand.
Source: Bloomberg
Joshua Mahony | Senior Market Analyst, London | Publication date: Tuesday 07 September 2021. IG
KEY TALKING POINTS:
XAU/USD is holding to its bullish trendline but key resistance lies ahead
Gold has lacked momentum so far in September
Gold (XAU/USD) is starting to look a little feverish once again despite managing to pull higher at the end of last week. The pullback over the last two sessions is not yet overextended and is still likely to offer new buyers a better chance to get in, but there isn’t much wiggle room left before the outlook starts to look slight
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD could come under downward pressure after its recent advance as UK Prime Minister Boris Johnson faces a backlash from within his own ruling Conservative Party to plans to increase National Insurance to pay for health and social care.
The move would break a Conservative manifesto pledge and bring politics back into play as a factor affecting the Pound, particularly after a report that Johnson plans an October “firebreak” Covid lockdown.
How
The Nikkei 225 Index has jumped close to 1.6% to start the week. What can we look out for?
Source: Bloomberg
Forex Indices Japan MACD Technical analysis Yoshihide Suga
Yeap Jun Rong | Market Strategist, Si
USD, NFP Price Analysis & News
US NFP 235k vs Exp. 750k, Prior Reading Revised Higher
Unemployment Rate & Higher Than Expected Wage Growth Counters Headline
US Dollar Initial Drop Reverses
NFP Mixed as Headline Misses, Revision Downgraded, While Unemployment Rates Beats
A much weaker than expected NFP headline at 235k vs 750k, while the prior reading had been revised higher to 1053k from 943k. The unemployment rate fell 0.2ppts to 5.2% matching expectat
GOLD PRICE OUTLOOK:
Gold prices struggled for upside follow-through after Jackson Hole rally.
US jobs report may weigh on gold if wage inflation continues to hold up.
RSI divergence hints August rise might be fading, with a drop to follow.
Gold prices marked time this week having roared higher in the wake of the Jackson Hole symposium. Traders seemingly read as ‘dovish’ a speech by Fed Chair Powell where he separated the start of tapering QE asset purchases from sub
Dow, NFP, EURUSD, USDCAD and USDJPY Talking Points
Markets have been remarkably restrained this week – on point with the seasonal expectations but also an ominous lead in to Friday’s concentrated event risk
While US NFPs are the top listing for the week, the ISM service sector activity report can similarly tap into Fed taper expectations
As liquidity thins out before the US event risk Friday, be mindful of sudden and possibly extreme volatility in Dollar pairs and risk assets
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6th September 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 a
Friday’s US jobs report could bring weaker outlook as ADP and PMI surveys hint at potential NFP disappointment.
Source: Bloomberg
Shares Unemployment Payroll United States Employment Technical analysis
Jos
DOW, NFP, EURUSD, AUDUSD AND USDTRY TALKING POINTS
Despite the long-awaited transition from August to September, the first day of trade in the new month didn’t bring a sudden resurgence of activity
The US ADP private payrolls report and the employment component of the ISM’s manufacturing survey have leveraged the importance of Friday’s NFPs
EURUSD and AUDUSD have put in for more convincing technical breaks, but what is the real capacity for this market to develop a genuine tr
BRITISH POUND, GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD – TALKING POINTS
GBP/CHF re-enters multi-month channel after bouncing off 200-DMA
GBP/AUD breaks lower out of ascending channel, targeting 0.618 retracement
GBP/CAD continues to oscillate above support, trend remains neutral
GBP/NZD plummets through trendline, eyeing 200-DMA for fresh support
GBP/CHF ANALYSIS
The British Pound has been mixed of late against its Swiss Franc counterpart, with much o