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Crude Oil Forecast: OPEC+ May Shelve Output Increases as Covid Dents Demand

CRUDE OIL, OPEC, COVID, EIA, API – TALKING POINTS Crude and Brent oil dropped in August as Covid fueled demand fears OPEC+ decision may see cartel reign in supply to support prices Technical outlook is slightly bullish after retaking key trendline Crude and Brent oil benchmarks are slightly higher as September trading kicks off following the first monthly price drop since March. Oil prices started dropping in early August on global demand fears as the Delta Covid v

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British Pound (GBP) Price Outlook: EUR/GBP Primed for Move Higher

GBP PRICE, NEWS AND ANALYSIS: GBP/USD continues to edge higher as the US Dollar slips back. Meanwhile, EUR/GBP looks ready for another upward move as a symmetrical triangle pattern on the charts suggests further gains ahead.   EUR/GBP WELL PLACED TO BREAK HIGHER EUR/GBP looks ready to break higher as a symmetrical triangle continuation pattern on the charts suggests further gains for the pair – as long as the break from the pattern is to the upside. That break wo

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Crude Oil Prices May Struggle at Trend Top, Inventories and OPEC+ Eyed

CRUDE OIL OUTLOOK: Crude oil prices up in risk-on trade as London reopens after bank holiday Follow-through may be limited as trend-defining chart barrier approaches API and EIA inventories data, OPEC+ meeting are in the spotlight ahead Crude oil prices have largely reflected broader sentiment trends recently. The WTI benchmark has tracked higher alongside the bellwether S&P 500 stock index – a proxy for investors’ mood market-wide – over the past week. The US D

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UK Pound Forecast: Sterling Setups for the Week Ahead, GBP/USD, EUR/GBP

POUND STERLING (GBP)TALKING POINTS: UK bank holiday likely to result in lower trading volumes on Monday GBP Tech setups ahead of major risk events: GBP/USD, EUR/GBP Major risk events: EU Core inflation then US consumer confidence, PMIs and NFP SLUGGISH STERLING START’S THE WEEK ON A QUIET NOTE Bank holiday (UK) Monday saw a relatively muted start to the week for the Pound, as expected. On the travel front, the UK has added 7 more countries to the ‘green li

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Fed and ECB Accommodative as Euro Opens Flat

EUR/USD PRICE ANALYSIS EUR/USD unchanged post-Jackson Hole. Euro tests key technical levels. IGCS undecided as traders are equally split. EUR/USD FUNDAMENTAL BACKDROP This week's open did not have the dramatic effect of prior Jackson Hole re-opens as markets remained relatively subdued after Fridays close. In conjunction with a bank holiday in the UK, which may be adding to the slump in volatility during early trading, the weekends highlight was Fed Chair Powe

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US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here?

US DOLLAR, GOLD, CRUDE OIL, DOVISH FED, JACKSON HOLE AFTERMATH - TALKING POINTS The Jackson Hole symposium managed to deliver some action APAC equities slightly higher, joined by commodities and other currencies Undermined US Dollar boosts commodities. Where to for gold?   Federal Reserve Chairman Jerome Powell delivered a dovish speech at the Jackson Hole symposium on Friday and markets took the cue to offload the US Dollar against most assets. Equities, bond

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US Dollar Price Action Set Up Ahead of Fed Chair Powell Speech

USD Price Analysis & News All Eyes on Fed Chair Powell Fed Hawks Out in Force Fed Chair Powell takes centre stage today as market participants look for additional clues as to when an announcement over the tapering of QE will take place. In light of Fed’s Kaplan (hawkish) comments made last week that the spread of the Delta variant could adjust his views on policy and with the Jackson Hole Symposium becoming a virtual summit this has stoked expectations that Powell may

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Dollar Traders Focused on Powell at Jackson Hole, EURUSD Capable of 1.1775-1.1650 Break?

S&P 500, VXX AND EURURSD TALKING POINTS Heading into the final trading day of the week – but still in the thick of the liquidity doldrums –Fed Chairman Powell’s statement and the PCE update are a beacon The S&P 500 and most other risk-leaning assets swooned this past session as market participants readied for this week’s top event risk Considering the Fed is actively attempting to avoid market volatility and there is still more than a week until the end of the market’

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Dividend Adjustments 30th August 2021 - 6th September 2021

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30th August 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 acc

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Nasdaq 100 Retreats Ahead of Powell Speech, APAC to Open Lower

NASDAQ 100, NIKKEI 225, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed -0.54%, -0.58% and -0.59% respectively Fed Chair Jerome Powell will give a speech at Jackson Hole symposium at 10am ET on Friday Asia-Pacific markets are positioned to open lower following a negative lead {{GUIDE|HOW TO TRADE EQUITIES}} Jackson Hole, Fed Tapering, USD, Jobless Claims, Asia-Pacific at Open: Wall Street equities pulled back from record levels on Thu

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EUR/USD Outlook: Will the Fed Move the Needle at Jackson Hole for the Most Liquid Currency Pair?

EUR/USD, FED, POWELL, INFLATION, US DOLLAR, CHINA, JACKSON HOLE - TALKING POINTS Markets remained subdued ahead of the Jackson Hole symposium. Fed-speak around inflation expectations will be closely watched EUR/USD liquidity may be short on surprises. Will the Euro downtrend resume? Increasing Covid-19 Delta variant cases in Asia continue to cause concern, particularly in China, which weighed on Hong Kong’s Hang Seng Index (HSI) stock benchmark as well as indices on

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British Pound Outlook: GBP/USD Supported by USD Weakness, UK Covid Data Warns

British Pound (GBP) Price Outlook US dollar holds the key to the next GBP/USD move. UK new covid cases continue to rise.   The British Pound is trading either side of 1.3750 against the US dollar as traders prepare for the main event of the week - and potentially a lot longer - the Jackson Hole Symposium. While various central bankers and key individuals will start the meeting today with official speeches and on-the-side interviews, Friday’s speech by Fed chair Jerome

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Nasdaq Hits Another High, GME and AMC Soar - Are They Telling Us Something?

NASDAQ PRICE, CHART, AND ANALYSIS Tech stocks may be betting on Jay Powell delaying a taper timetable announcement. Meme stocks back in the spotlight. The Nasdaq Composite Index broke above 15,000 on Tuesday, while the Nasdaq 100 printed around 15,380, both new highs for the tech-dominated indices. While tech has been in favor for many, many months due to the Fed’s ultra-loose monetary policy, recent price gains in these indices have leveled off with traders looking ahead

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