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Early Morning Call: USD partially recovers; oil rally continues; and UK manufacturers confident

USD shows small recovery after Friday’s fall on NFPs; EUR/USD awaiting EZ jobs report. Oil mostly holds the gains seen last week on Kazakhstan disruption; gold looking weak. And markets await Wednesday’s US CPI data.

https://www.ig.com/uk/market-insight-articles/early-morning-call--usd-partially-recovers--oil-rally-continues--220110

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

 

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Charting the Markets: 10 January

The FTSE 100, DAX and Dow have started the new week on a positive footing. US CPI may prompt some USD strength, but GBP/USD continues to make headway. And gold and WTI edge higher.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--10-january-220110

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Market data to trade on Tuesday: GBP/EUR; AUD/USD; US crude

First out overnight is UK data from the British Retail Consortium. IGTV’s Jeremy Naylor looks at a short trade for EUR/GBP, a trade already seeing short profits on forecasts UK rates will rise faster than the eurozone.

Jeremy also looks at AUD/USD and WTI around other data scheduled for release.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-tuesday--gbp-eur--aud-usd--us-crude-220110

look ahead Tuesday.PNG

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Markets tread water ahead of tomorrow’s US CPI data

Indices: Europe little changed ahead of the cash session. Nasdaq recovered from 2.7% drop (9.9% from the November highs)

FX: GBPUSD continues its recent climb, EURUSD underpinned by rising support   

Commods: Gold up for 3rd day, Brent consolidates after 2 days of declines but holds $80 a barrel

 

https://community.ig.com/igtv/

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Early Morning Call: Markets tread water; watching US tech sector; and UK retail in focus

Markets tread water ahead of tomorrow’s US CPI data. Europe is little changed ahead of the cash session; Nasdaq recovered from 2.7% drop. And GBP/USD continues its recent climb, EUR/USD underpinned by rising support.

https://www.ig.com/uk/market-insight-articles/early-morning-call--markets-tread-water--watching-us-tech-sector-220111

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 11 January

Indices see a strong recovery from Monday’s lows. EUR/USD and EUR/GBP benefit while USD/JPY takes a hit from a change in U.S. inflation expectations . And Gold and Brent crude oil are on the up again.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--11-january-220111

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Powell sticks to the script sending mkts up led by tech. Europe expected to open up, FTSE100 upside breakout to new 23mth high. Asia up led by HSI  

FX: USD continues to lose ground ahead of today’s US inflation data – no urgency to Fed raising rates

Equities: Waiting on UK corp reports from SBRY, JD, WTB, TPT, ASC and JET

Commods: That USD move behind a climb in Gold & Silver, but other commodities also up: Nickel, Aluminium, Iron Ore etc. Oil also up, inventories fall  

 

https://community.ig.com/igtv/

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Early Morning Call: APAC equity markets rise; USD falls; and UK corporate reports

Powell sticks to the script sending markets up led by tech; Europe expected to open up; Asia up led by HSI. USD continues to lose ground ahead of today’s US inflation data. And awaiting several UK corporate reports: SBRY, JD, WTB.

https://www.ig.com/uk/market-insight-articles/early-morning-call--apac-equity-markets-rise--usd-falls--and-uk--220112

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 12 January

Indices look for more upside after Tuesday’s recovery. We focus on the FTSE 100, DAX 40 and Nasdaq. EUR/USD held below resistance as GBP/USD moves up. We also look at GBP/EUR. And gold and oil both look for further gains.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--12-january-220112

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Europe expected to see a small loss at the start after recent gains…UKX hit near 2yr highs yesterday

FX: USD continues to weaken – 11wk low vs GBP.

Equities: Corp earnings – TSCO MKS ASC HFD

Commods: Gold rises and closes in on resistance. Oil down today after 2mth highs as EIA inventories continue to fall. Lumber strikes out another level of resistance to go to a new 7mth high. Copper down after hitting $10k

 

https://community.ig.com/igtv/

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Early Morning Call: UKX near 2-yr highs; USD still falling; and gold up

Europe expected to see a small loss at the start after recent gains; UKX hit near 2-year highs yesterday. USD continues to weaken, at 11-week low versus GBP. And, gold rises and closes in on resistance; oil down.

https://www.ig.com/uk/market-insight-articles/early-morning-call--ukx-near-2-yr-highs--usd-still-falling--and--220113

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 13 January

Indices are still strong, although some weakness in the aftermath of US CPI has been seen. USD takes a dive - we look at DXY, GBP/USD, USD/JPY. And gold’s rise slows, but oil still on the up. We also look at copper, iron ore.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--13-january-220113

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Expecting declines again in Europe after weaker Wall St and declines across Asia

FX: USD worst week in 8mths. USDCNH 6th day of declines as China reports record December surplus. Talking to DFX about next week’s trade around GBP for UK CPI

Equities: US banks kick off US Q4 earnings – JPM, WFC, C

Commods: Lumber continues to be a very profitable long trend trade, approaching 76.4% retracement. Gold & oil up

 

https://community.ig.com/igtv/

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Early Morning Call: Tech stocks remain under pressure; USD/CNH still falling; and banks kick off US earnings season

Expecting declines again in Europe after a weaker Wall Street and declines across Asia. USD sees worst week in eight months; USD/CNH on 6th day of declines. And US banks kick off fourth quarter earnings: JPM, WFC, C.

https://www.ig.com/uk/market-insight-articles/early-morning-call--tech-stocks-remain-under-pressure--usd-cnh-s-220114

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

 
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Charting the Markets: 14 January

The FTSE 100 recovers as the DAX struggles. In FX, the focus is on EUR/USD, GBP/USD and USD/CNH. With US earnings season upon us we look at US banks: JPMorgan, Citigroup and Wells Fargo. Finally, we end with gold and lumber.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--14-january-220114

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: US closed today Martin Luther King day. Asia down China GDP short of consensus & PBOC cut one of its rates as it locks 7 cities as Covid spreads again. Europe to open little changed

FX: USDCNH attempts 3 ½ yr low. USDJPY up for a second day after hammer candle indicating the bottom?   

Equities: Looking ahead to US earnings this week with banks on Tuesday - GS, BAC MS. NFLX on Thursday

Commods: Oil closing in on 3yr resistance to go to levels not seen since Oct 2014. Gold up after 2 days of decline

 

https://community.ig.com/igtv/

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Early Morning Call: Chinese economy rebounds; equity markets hesitant; and oil price rally continues

US closed today for Martin Luther King Day; Asia down as China GDP falls short of consensus; Europe to open little changed. Looking ahead to US earnings with banks on Tuesday: GS, BAC MS. And oil closing in on 3-year resistance.

https://www.ig.com/uk/market-insight-articles/early-morning-call--chinese-economy-rebounds--equity-markets-hes-220117

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 17 January

While the FTSE 100 remains strong, the DAX and Dow look subdued above last week’s lows. EUR/USD, EUR/GBP and GBP/USD in short-term consolidation mode whilst awaiting data. And gold prices edge up as WTI reaches October high.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--17-january-220117

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Market data to trade on Tuesday: USD/JPY; EUR/GBP; GS

As the first central bank meetings of the new year start to take place, IGTV’s Daniela Sabin Hathorn takes a look at USD/JPY ahead of the Bank of Japan meeting on Tuesday.

EUR/GBP is also in focus ahead of the UK unemployment reading for November, and on the corporate calendar Goldman Sachs (GS) takes the spotlight.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-tuesday--usd-jpy--eur-gbp--gs-220117

look ahead Tuesday.PNG

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

US back in action so should see volumes, across the market pick up.

Indices: Europe expected to open lower as Asia drifts

FX: USDJPY climbs as BoJ leaves policy unchanged but raises inflation outlook…marginally. Watching GBPUSD ahead of UK jobs data and EURUSD ahead of German ZEW.  

Equities: UK earnings HAS. US bank earnings GS BAC MS. Rio delays lithium project and cuts iron ore output

Commods: Oil continues its rise Brent hits 7yr highs. Gold loses ground as USD climbs

 

https://community.ig.com/igtv/

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Early Morning Call: Europe set to open lower; BoJ leaves policy unchanged; and oil's rise continues

Europe expected to open lower as Asia drifts. USD/JPY climbs as BoJ leaves policy unchanged but marginally raises inflation outlook. Oil continues its rise as Brent hits 7-year highs. And earnings from HAS, GS, BAC, MS.

https://www.ig.com/uk/market-insight-articles/early-morning-call--europe-set-to-open-lower--boj-leaves-policy--220118

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 18 January

The FTSE 100, DAX and S&P 500 have fallen back in opening trading. EUR/USD, EUR/GBP are weaker while USD/JPY continues its ascent. And gold drops back towards the $1800 region while Brent hits 7-year highs.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--18-january-220118

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Market data to trade on Wednesday: GBP/USD; USD/CAD

With focus on the latest CPI readings in the UK and Canada, IGTV’s Daniela Sabin Hathorn looks at GBP/USD and USD/CAD ahead of important central bank meetings.

On the corporate calendar, the US earnings season is in full swing with reports from Bank of America and Morgan Stanley, among others.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-wednesday--gbp-usd--usd-cad-220118

look ahead Wednesday.PNG

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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.

IGTV (@IGTV) | Twitter

Today’s coverage:

 

Indices: Risk off returns with Europe expected down, UKX holds up as ‘less worse’ performer. Heavy losses on Wall St back from long weekend, RUSSELL 1yr lows. Asia down, NKY on for lowest close since August 2021

FX: USD holds much of Tuesday’s gain on higher US yields, although down vs stronger Yen as traders chase safety. Watching GBPUSD ahead of UK CPI data  

Equities: Earnings today BHP JDW BRBY GFRD SMWH ASML PNG BAC MS AAL. Sony down 9%  in reaction to MSFT $68bln deal to buy ATVI  

Commods: Oil remains well bid but gold continues to languish  

 

https://community.ig.com/igtv/

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Early Morning Call: risk-off returns; NKY on lowest close since Aug '21; and UK CPI rises

Risk-off returns with Europe expected down; heavy losses on Wall Street after long weekend; Asia down. USD holds much of Tuesday’s gain; watching GBP/USD ahead of UK CPI data. And earnings updates from BHP, JDW, BAC, MS, AAL.

https://www.ig.com/uk/market-insight-articles/early-morning-call--risk-off-returns--nky-on-lowest-close-since--220119

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This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Charting the Markets: 19 January

IG client, Lee Sandford MSTA from TradingCollege.co.uk, joins IGTV to look through his charts of choice as the markets start to become more interesting for traders. He looks at INDU, NDAQ, US crude, gold, silver and nickel.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--19-january-220119

16 Candlestick Patterns Every Trader Should Know | IG US

This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.

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Market data to trade on Thursday: DAX; EUR/USD; NFLX

As inflation continues to surge around the globe, IGTV’s Daniela Sabin Hathorn looks at charts of the DAX 40 and EUR/USD ahead of December PPI and CPI readings from Germany and the Eurozone.

On the corporate calendar, Netflix’s (NFLX) 4th quarter earnings are a key event on Thursday.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-thursday--dax--eur-usd--nflx-220119

look ahead Thursday.PNG

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    • NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Day Chart NIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction Next Higher Degrees: Orange wave 3 (started) Details: Orange wave 2 appears completed; orange wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the daily chart by Trading Lounge highlights a bullish trend in the Japanese stock index, driven by an impulsive wave pattern. The focus is on orange wave 3, which represents the main structure currently unfolding, signaling that the overall market sentiment remains positive. Positioned within navy blue wave 3, this movement indicates a robust upward trajectory. The completion of orange wave 2 confirms that orange wave 3 is now active. This stage is pivotal within the impulsive wave framework, as orange wave 3 typically aligns with strong price movements in the direction of the prevailing trend. Key Marker – Invalidation Level An invalidation level has been identified at 35,109. If the NIKKEI 225 index falls to or below this level, the ongoing progression of orange wave 3 would be considered invalid. This could suggest a potential shift in the trend or necessitate a re-evaluation of the wave structure. Summary The analysis maintains a bullish outlook for the NIKKEI 225, with orange wave 3 driving the current impulsive trend within navy blue wave 3. Traders should closely monitor price movements within this structure, especially around the 35,109 invalidation level. A breach of this threshold could indicate a reversal or a disruption in the current wave framework.   NIKKEI 225 (N225) Elliott Wave Analysis Trading Lounge Weekly Chart NIKKEI 225 (N225) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave 3 Direction Next Higher Degrees: Navy blue wave 3 (continuing) Details: Navy blue wave 2 appears completed; navy blue wave 3 is now in play. Wave Cancel Invalidation Level: 35,109 The NIKKEI 225 Elliott Wave analysis on the weekly chart by Trading Lounge outlines a bullish trend in the index, driven by an impulsive wave pattern. The analysis highlights that navy blue wave 3 is the dominant structure currently unfolding, nested within gray wave 3, indicating strong upward momentum. This structure reflects the ongoing impulsive phase, signaling sustained bullish sentiment and the potential for price appreciation over the medium to long term. The apparent completion of navy blue wave 2 has paved the way for the development of navy blue wave 3, a critical stage in the impulsive wave cycle. Wave 3 typically represents the strongest and most extended movement within the wave structure, aligning with the overall upward trend in the NIKKEI 225. Key Marker – Invalidation Level An invalidation level has been set at 35,109. A decline to or below this level would disrupt the anticipated upward progression of navy blue wave 3, suggesting a potential shift in market sentiment or the onset of a corrective phase. Such a move would require a re-evaluation of the current wave structure. Summary The analysis maintains a bullish outlook for the NIKKEI 225, with navy blue wave 3 driving the impulsive trend within gray wave 3. Traders are advised to monitor price movements closely in relation to the invalidation level of 35,109. A breach of this level could indicate a disruption in the bullish structure, signaling a potential trend reversal or corrective phase. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!  
    • U.S. Dollar / Canadian Dollar (USDCAD) Day Chart USDCAD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Navy blue wave 1 Position: Gray wave 3 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 of navy blue wave 1 appears completed; now orange wave 5 of navy blue wave 1 is in play. Wave Cancel Invalidation Level: 1.38430 The USDCAD Elliott Wave analysis on the daily chart from Trading Lounge evaluates the technical trend structure for the U.S. Dollar and Canadian Dollar pair. The analysis identifies an ongoing impulsive wave pattern, which is moving in an upward trajectory and structured as navy blue wave 1. Within this broader wave sequence: Gray wave 3 remains active. Orange wave 4, part of the navy blue wave 1 sequence, is likely completed. This sets the stage for orange wave 5 to develop within the navy blue wave 1 structure, signaling the continuation of the upward trend. The current analysis suggests that the trend may persist in its bullish direction, given the anticipated continuation of orange wave 5 within this wave framework. Traders and analysts are advised to closely monitor the progression of wave formations. The successful completion of orange wave 5 would support the broader upward movement indicated in navy blue wave 1. Key Marker – Invalidation Level An invalidation level has been set at 1.38430. If USDCAD prices drop to this level or lower, it would signal a breakdown in the current wave pattern. Such a scenario could indicate a shift in market direction or structure, necessitating a reassessment of the analysis. This invalidation level acts as a critical benchmark, enabling traders to verify the validity of the current impulsive structure and adjust their outlook if needed. Summary The USDCAD daily chart points to a sustained bullish outlook, with caution advised near the invalidation level of 1.38430. While the pattern suggests continued upward momentum, traders should remain vigilant for potential reversals should the price approach or fall below this threshold.   U.S. Dollar / Canadian Dollar (USDCAD) 4 Hour Chart USDCAD Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 1 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 appears completed; orange wave 5 of navy blue wave 1 is now in play. Wave Cancel Invalidation Level: 1.38430 The USDCAD Elliott Wave analysis on the 4-hour chart from Trading Lounge provides an in-depth review of the technical trend structure for the U.S. Dollar and Canadian Dollar pair. This analysis identifies an ongoing impulsive wave pattern, with a focus on orange wave 5, part of the broader navy blue wave 1 structure. The apparent completion of orange wave 4 indicates the beginning of the final phase, orange wave 5, which would continue the upward trajectory within this impulsive framework. The position of orange wave 5 within navy blue wave 1 underscores the primary upward trend, with the potential for further bullish momentum as this wave develops. Key Marker – Invalidation Level An invalidation level has been identified at 1.38430. If prices decline to or below this level, it would signal a breakdown in the anticipated wave structure. Such a scenario would imply a disruption in the progression of orange wave 5 and navy blue wave 1, suggesting the possibility of a trend reversal or a need to re-evaluate the wave structure. Summary The analysis anticipates the continuation of bullish momentum as orange wave 5 unfolds within the larger navy blue wave 1. Traders should monitor the development of orange wave 5 closely, as its completion could confirm the integrity of the current upward trend. However, vigilance is necessary around the invalidation level of 1.38430, as reaching this threshold could indicate a reversal or restructuring of the wave pattern. This level acts as a strategic reference point for trend validation. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here   
    • ASX: QBE INSURANCE GROUP LIMITED – QBE Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with QBE INSURANCE GROUP LIMITED – QBE. We see QBE continuing to rise with wave (iii)-orange, and then continuing with wave (v)-orange. ASX: QBE INSURANCE GROUP LIMITED – QBE 1D Chart (Semilog Scale) Analysis Function: Major trend (Subminuette degree, gray) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange of Wave ((v))-navy Details: Wave iii-grey of wave (iii)-orange of wave ((v))-navy is unfolding to push much higher. While price must remain above 17.52 to maintain this view, because wave 4 cannot overlap wave 1. Invalidation point: 17.52 ASX: QBE INSURANCE GROUP LIMITED – QBE 4-Hour Chart Analysis Function: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange Details: Since the low at 15.79, wave (iii)-orange is extending, it is subdividing into wave i-grey to wave iii-grey. Basically wave iii-grey can still continue to push higher, also be ready for a push back lower than wave iv-grey after that. After wave iv-grey ends, wave v-grey will continue to complete its job of pushing higher. While wave iv-grey cannot move lower than 17.52 to maintain this view. Invalidation point: 17.52 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: QBE INSURANCE GROUP LIMITED – QBE aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here! #QBE #ElliottWave #TradingLounge #ASX #ASXStocks #Stocks  
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