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
EV giant Tesla’s stock price rallied on a potential positive development in its plans to enter India.
Source: Bloomberg
Shares Tesla, Inc. United States Price Nvidia Elon Musk
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
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
We look at the highlights from the software company’s unaudited FY21 results.
Source: Bloomberg
Shares Revenue Altium United States Stock Earnings before interest, taxes, depreciation and amortization
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
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
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
Zoom prepares to report Q2 earnings, but will the gradual easing of restrictions hinder its growth path?
Source: Bloomberg
Joshua Mahony | Senior Market Analyst, London | Publication date: Friday 27 August 2021. IG
When will Zoom r
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
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’
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
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
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Jackson Hole, Fed Tapering, USD, Jobless Claims, Asia-Pacific at Open:
Wall Street equities pulled back from record levels on Thu
Semiconductor plays Nvidia and AMD got a boost to their share prices after news of the US government possibly buying a machine based on their chips.
Source: Bloomberg
Shares Nvidia Advanced Micro Devices United States Supercomputer Price
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
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
Hang Seng Index is down close to 6.5% year-to-date. Does its recent bounce indicate a longer-term shift in sentiments?
Source: Bloomberg
Indices Shares Valuation Hang Seng Index Technical analysis Stock
Ye
We look at the highlights from the tech company’s full-year FY21 earnings report.
Source: Bloomberg
Shares Revenue Earnings before interest, taxes, depreciation and amortization Dividend Stock Share
We examine how three of Australia’s top brokers reacted to Afterpay’s full-year earnings report.
Source: Bloomberg
Shares Afterpay Price Share price Earnings before interest, taxes, depreciation and amortization UBS
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