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Dividend Adjustments 13th September 2021 - 20th September 2021

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

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Breaking: ECB to Slow PEPP Purchase Pace, EUR/USD and Bund Yields Muted

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

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Euro Setup: EUR/USD, EUR/GBP Ahead of ECB

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

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Gold Price and Silver Forecast: Weakness Seen as Continuing

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

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EUR/USD Outlook – Steered by the US Dollar as Notable ECB Meeting Nears

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

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DAX 30 Looking Weak as General Election Looms

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

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Gold Price Forecast: XAU/USD Bulls Struggle to Keep Bullish Trendline

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

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British Pound (GBP) Price Outlook: GBP/USD May Suffer From UK Tax Hike Plan

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

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US Dollar Drops, Gold Spikes Initially on NFP Headline Shock

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

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Gold Prices May Fall on US Jobs Data Even If Payrolls Disappoint

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

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Dollar and Dow Wound Up Before NFPs and Holiday Drain

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

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Dividend Adjustments 6th September 2021 - 13th September 2021

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

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Dollar Forecast Leans Further on NFP after ADP, Dow Quiet Hits Extreme

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

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British Pound Technical Analysis: GBP/CHF, GBP/AUD, GBP/CAD, GBP/NZD

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

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