BRITISH POUND, US DOLLAR, GBP/USD, FOMC, BOE, EVERGRANDE - TALKING POINTS
The British Pound was pushed to lows by the FOMC but rallied through Asia
APAC equities were generally positive after Evergrande debt semi-resolution
US Dollar strength tested after the Fed meeting. Will GBP/USD break-out?
The British Pound moved higher through the Asian session as the US Dollar had a mixed day in the aftermath of the FOMC meeting. The resolution of the Evergrande bond
A cautious stance overall from the Bank of England is likely to offer little support for an already hard-pressed pound.
Source: Bloomberg
Jeremy Naylor | Writer, London | Publication date: Wednesday 22 September 2021
Here are a fe
USD, Fed Price Analysis & News
Markets on Tenterhooks Ahead of Fed Meeting
All Eyes on the Dot Plot Again
Markets on Tenterhooks Ahead of Fed Meeting
Despite some overnight excitement with the latest actions in China regarding Evergrande. FX markets have been stuck in the usual pre-FOMC lull during the London session. As the time nears for the eventual Fed taper, market participants will be keeping a close eye on whether any explicit details are mentioned in tonig
CRUDE OIL, EVERGRANDE, PBOC, BOJ, AUD/JPY, NZD/JPY, FOMC - TALKING POINTS
Crude oil prices find support as China resolves systemic issues, for now
APAC equities move higher from early lows, but end mixed on the day
Risk-sensitive currencies and commodities rally. Can crude keep going?
Crude oil, and the markets in general, breathed a sigh of relief as Evergrande announced it had struck a deal to pay bond holders on Thursday. The filing was not spec
GBP PRICE, NEWS AND ANALYSIS:
The embattled Chinese property company Evergrande’s main unit, Hengda Real Estate, has said it will make a bond interest payment Thursday after private negotiations with bondholders.
That has eased fears of widespread market disruption, and boosted riskier assets such as stocks and currencies like the British Pound, despite concerns that Evergrande could still default on its debts.
GBP/USD STEADIER ON EVERGRANDE NEWS
GBP/USD is ste
Royal Mail has drifted down since June, as enthusiasm for the shares wanes.
Source: Bloomberg
Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 22 September 2021. IG
Royal Mail (RM) shares are a classic c
S&P 500, Evergrande, Risk Trends, FOMC and Dollar Talking Points
The week has opened to a distinct risk aversion with the S&P 500 putting in for a prominent trend reversal
Risk aversion is more than just a single region or asset class sliding, and fear seems to be on the rise with plenty of fundamental fuel to keep the fire burning
The power of anticipation may work to quell a meltdown as markets await the FOMC decision, but beware should fear persist despite the even
GBP/AUD, GBP/NZD, GBP/CAD - TALKING POINTS
Since making a new high, GBP/AUD has been struggling to hold ground of late
GBP/NZD consolidates after a volatility spike on the move down in late August
Positive sloping trend lines are still in place for GBP/CAD. Will that continue?
GBP/AUD TECHNICAL ANALYSIS
Since making a 15-month high at 1.9154, GBP/AUD has bounced off a support level at 1.8527 and consolidated within a range. Since rallying from that low,
The dollar sits at a one-month high as the FOMC prepares to meet, with a possible announcement on tapering expected.
Source: Bloomberg
Chris Beauchamp | Chief Market Analyst, London | Publication date: Monday 20 September 2021. IG
TALKING POINTS:
Global equities slump as Evergrande contagion takes center stage
DAX 40 and S&P 500 key levels to watch
Global stocks are trading deep in the red this morning as markets catch wind of the potential domino effect the demise of China’s real estate giant Evergrande could have. It will be the moment of truth this week as the indebted developer is scheduled to make interest payments on two bonds this Thursday after having failed to meet payments to su
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20th 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 posted
US DOLLAR TALKING POINTS:
The US Dollar is pushing up to a fresh September high after the release of University of Michigan Consumer Sentiment data.
Next week brings the September FOMC rate decision and it’s a quarterly meeting, which means we’ll get updated projections and forecasts.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
The US
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BRITISH POUND, GBP/USD, US DOLLAR, ENERGY, COMMODITIES - TALKING POINTS
The British Pound weakened after data but managed to hold some levels
Energy commodities calmed down today, as did most asset classes in Asia
With FOMC next week, is this a quiet before the price wrecking storm?
The Great British Pound moved lower after US and domestic data today. Energy commodities took a breather in the Asian session, as did most equity, bond and currency markets.
As Chinese tech stocks face pronounced selling pressure, analysts continue to view Alibaba favourably.
Source: Bloomberg
Shares Alibaba Group Sell side China Stock United States
As uranium prices hit multi-year highs, we examine ten ASX-listed companies with exposure to uranium assets.
ource: Bloomberg
Indices Shares Uranium Share Stock Australian Securities Exchange
US Dollar Analysis & News
USD Surge Following Retail Sales, Hawkish Fed Up Next?
Stellar US Retail Sales
USD Surge Following Retail Sales, Hawkish Fed Up Next?
A stellar retail sales report takes the USD to fresh session highs and raises the probability of a more hawkish Fed at next week’s meeting. A beat across the board in the data where consensus had been looking for a contraction or flat. Now while the prior readings were revised lower, this has been shrugged
The Bank of Japan is set to hold their monetary meeting across 21 – 22 September 2021, as markets have their eyes on Japan’s ruling party leadership race.
Source: Bloomberg
Forex Bank of Japan Inflation Monetary policy Central bank Coronavirus
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is edging lower in early European trade Thursday but remains within the range between just over 1.39 and just under 1.38 that has contained price action for the past week.
News of an extensive Cabinet reshuffle by UK Prime Minister Boris Johnson has had little impact on GBP.
GBP/USD EASES BACK
GBP/USD is slipping back modestly Thursday, with small losses recorded in Asian trade continuing into the European session. However, it rem
IAG's share price has dropped some 8% in the last one week.
Source: Bloomberg
Shares International Airlines Group Airline Market sentiment Market trend Price
Canadian Dollar Analysis & News
Canadian Inflation Continues to Edge High – BoC Vigilant
Upside Risks to CAD as Oil Edges Higher
Canadian Inflation Continues to Edge High – BoC Vigilant
Canadian Inflation data printed above expectations on both the monthly and yearly rates at 0.2% (vs 0.1%) and 4.1% (vs 3.9%) respectively. Meanwhile, the BoC’s preferred measure (average of median, trim and common CPI) rose to 2.56% from 2.46%. Unlike the Fed, the BoC are seemingl
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is climbing after UK inflation data for August showed the highest jump on record.
Combined with Tuesday’s strong UK employment numbers, the inflation figures will add to the pressures on the Bank of England to taper its stimulus program and therefore to upwards pressure on GBP.
GBP/USD RALLYING AFTER STRONG UK INFLATION DATA
GBP/USD is edging higher again after UK inflation numbers for August showed a surge in the headline rate,