We highlight five things that investors and traders need to know on Monday, 9 August.
Source: Bloomberg
Forex Indices Commodities United States Australian Securities Exchange ASX
GOLD PRICE OUTLOOK:
Gold prices plunge as July’s US jobs data outperforms vs. expectations
Fed stimulus withdrawal bets building with CPI, Jackson Hole in view
Breaking 2021 floor might set the stage for testing the $1600/oz figure
Gold prices plunged after July’s stronger-than-expected US jobs report stoked Fed stimulus withdrawal bets. The US Dollar traded broadly higher and Treasury bond yields rose, tarnishing the appeal of the non-interest-bearing, perennially anti-
We highlight five ASX-listed companies that investors and traders should keep an eye out for during Australia’s August earnings season.
Source: Bloomberg
Indices Shares Australian Securities Exchange ASX Australia Commonwealth Bank
NFP and Forex Trading: MAIN TALKING POINTS
Non-Farm Payrolls (NFP) releases create volatility in the forex market.
NFP measures net changes in employment jobs.
Forex traders use an economic calendar to prepare for NFP releases.
What is the NFP?
The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees and
US DOLLAR AWAITS NONFARM PAYROLLS DATA, FED TAPER TIMELINE
US Dollar front and center with volatility set to accelerate around NFP data due Friday
The DXY Index has been coiling between its 20-day and 50-day simple moving averages
USD price action to strengthen if nonfarm payrolls top forecast and fuel Fed taper risk
Check out the DailyFX Real Time News page for breaking market news and analysis
The US Dollar was mixed across the board of major curren
NIO’s share price has risen by close to 7% over the past week, ahead of its upcoming Q2 results next week. Can its Q2 results exceed expectations?
Source: Bloomberg
Shares NIO (car company) Price Technical analysis Self-driving car
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th 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 adjus
Investors this week snapped up shares of Robinhood, helping the ‘meme stock’ reverse its rocky first-day showing.
Source: Bloomberg
Shares Robinhood Stock Option United States Investor
The Amazon stock remains a ‘buy, despite a string of price target downgrades in recent days.
Source: Bloomberg
Shares Amazon United States Price Stock CFD
Friday’s US jobs report expectations come into question after a disappointing ADP payrolls release.
Source: Bloomberg
Shares Unemployment Payroll Employment United States Federal Reserve
Joshua Mahony | Se
GOLD, US DOLLAR, XAU/USD, FED BETS, DEATH CROSS – TALKING POINTS
Gold prices took hit after Fed’s Clarida fueled tightening bets
Friday’s non-farm payrolls report likely vital to gold’s direction
XAU/USD sees a possible Death Cross formation on the horizon
Gold was on the run this week until it stumbled on a surge in the US Dollar. The Federal Reserve’s Vice Chairman, Richard Clarida, caused Fed rate hike bets to strengthen on Wednesday. Mr. Clarida’s commentary sug
AUSTRALIAN DOLLAR, DELTA VARIANT, CHINA, RBA - TALKING POINTS
Cycle-sensitive Australian Dollar at risk as clouds of doubt brew over global recovery
COVID-19 Delta variant may shake up markets as state-enforced lockdowns are imposed
Rising Australia-China tension could compound medium-term bearish outlook for AUD
The Australian Dollar may continue to fall against the haven-linked US Dollar and anti-risk Japanese Yen as fundamental risks continue to mount. AUD/USD an
CRUDE OIL, COVID-19, FED, IGCS, TECHNICAL ANALYSIS - TALKING POINTS:
Growth-linked crude oil prices weakened alongside energy stocks on Wall Street
Rising global Covid-19 cases, speech from Fed’s Clarida dented energy prices
WTI at risk of developing bearish technical signals as retail traders go long
WTI crude oil prices fell by the most in over 2 weeks on Wednesday, succumbing to f
The UK’s third most valuable bank received stock target price upgrades from Credit Suisse, JPMorgan and UBS analysts.
Lloyds Banking Group (LON: LLOY) shares have fallen 1.9% since reporting H1 results
Nevertheless, a trio of research firms are now eyeing higher target prices
The group reported a statutory profit before tax of £3.9 billion for the period, up from a loss of £0.6 billion
It also reintroduced a ‘progressive and sustainable ordinary dividend policy’
US DOLLAR, ADP EMPLOYMENT, FED, NFP, EUR/USD – TALKING POINTS:
US Dollar little-changed since last week’s Fed-inspired selloff
ADP jobs data eyed as preview of Friday’s official NFP release
EUR/USD struggling to make good on bullish Wedge breakout
The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement, seemingly underscoring that move’s limited scope for follow-through. This is because the central bank
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is continuing its modest climb higher that began a fortnight ago, and could hit the psychologically important 1.40 level soon.
That, though, is dependent on the Bank of England’s monetary policy committee sounding hawkish when it announces its latest decisions Thursday.
GBP/USD WAITING FOR BANK OF ENGLAND
GBP/USD continues to advance modestly, extending the rise that began on July 20 when the pair hit a recent low at 1.3572. The c
The Tencent share price is off more than 40% from February’s highs due to regulatory headwinds, but is now the time to buy?
Why is the Tencent share price under pressure in 2021
Tencent the Chinese tech giant sees its share price down more than 20% year (more than 40% down from February’s highs) to date as investors react to a regulatory crackdown furthered by media pressure.
Chinese officials clamping down on major tech companies within the region has bee
As investors mull Square’s AUD$39 billion bid for Afterpay, one investment bank dramatically raised their price target (PT) on the BNPL leader.
Source: Bloomberg
Forex Indices Shares Stock Takeover Price
Moderna’s Q2 results are expected to show that sales of its Covid-19 vaccine have more than doubled from the first quarter to boost revenue.
Source: Bloomberg
Shares Moderna Share price COVID-19 vaccine Revenue Price
The Bank of England grows steadily more hawkish, but questions remain over whether rising inflation will force its head towards a tapering stage.
Bank of England meeting: when and where?
The Bank of England (BoE) will commence their latest monetary policy announcement at midday, on Thursday 5 August 2021.
Tune in to IGTV’s live BoE announcement and analysis at 11:55 AM BST on Thursday in the IG platform.
Inflation concerns remain prevalent
Spot prices and future prices have some things in common, but it’s essential to understand the differences between futures vs spot when trading any asset. Learn more in this guide.
What’s on this page?
The difference between spot and futures: an overview
What is a spot market and spot pricing?
What is a futures market and futures pricing?
Futures vs spot