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Early Morning Call: most indices up; oil rally continues; and nickel off highs

Most indices are up apart from China - HSI at new 5½ year low; Europe expected to open slightly up. Oil up as US bans Russian output. And nickel off highs – LME stops nickel trading – expected to restart on Friday 11th.

 

 

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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: 9 March

European indices benefit from slight risk-on sentiment, which also lifts EUR/USD, GBP/USD and USD/JPY in the FX market. And gold and oil pause their steep ascents - we also look at wheat.

 

 

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: EUR/AUD; DXY

As the ECB meeting on Thursday kicks off the central bank schedule for March, IGTV’s Daniela Sabin Hathorn looks at EUR/AUD and how the latest candlestick formation may be signalling an upside reversal.

The February US CPI data will also be of key importance on Thursday as it may determine the size of the Fed rate hike on Wednesday next week.

 

look ahead Thursday.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:

 

Market saw risk on yesterday on hopes of some sort of a deal between Russia and Ukraine, today western nations concern themselves that chemical weaponry is now being considered

Indices: Broadly holding on to Wednesday’s gains, but longer term downward pressure looks like it’s shadowing the technicals – S&P saw biggest single day’s gain since June 2020

FX: Watching USD ahead of US CPI data that could shape the Fed rate decision next week while EUR rallies ahead of today’s ECB rate announcement – no change expected 

Equities: AMZN stock soars 10%+ all-sessions after 20-1 stock split & $10bln stock buyback. Earnings – NEX JUST BBY

Commods: Oil falls after UAE supports supply increase, IEA said it could release more reserves and Venezuela may see ease of sanctions. Gold big declines yesterday down again today along with wheat, aluminium zinc

 

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

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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: Lower start in Europe. HSI bounces off new 5½yr low HK Tech index down 7.5%   

FX: Mkts pricing in inflation hikes USDJPY new 5yr high. GBPUSD 17mth low

Equities: DIDI halts HK listing on cybersecurity probe.

Commods: Oil looking to end the week down as OPEC proves there’s oil available. Gold down again. Chinese tycoon who lost billions on Nickel short wants to keep shorting the metal – LME to return Nickel to the mkt today?

 

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

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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:

 

Russia extends stk mkt closure until at least 18 March, but mkts anticipating RUS/UKR talks today

Indices: Europe expected to open UP. HK & China shaken by new Covid wave HK & China shaken by new Covid wave

FX: China sets Yuan fixing at weaker than expected level pushing USDCNH up to trendline resistance. USDJPY remains at 5yr highs GBPUSD approaches 1.30 for 1st time in 17mths. This week RBA minutes tomorrow then Fed, BoE & BoJ rate meetings

Equities: VOW widens its margin forecasts from 7.75% to between 7 to 8.5%. JPM is biggest counterparty to Nickel tycoon’s short bets  

Commods: Oil extends losses anticipating the RUS/UKR meeting. Gold down as retracement from recent highs continue

 

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Early Morning Call: HK stocks battered; oil extends losses; and busy week for central banks

Europe expected to open up; Hong Kong and China shaken by new Covid wave. Oil extends losses anticipating the RUS/UKR meeting. And central banks are busy this week: RBA minutes tomorrow followed by Fed, BoE and BoJ rate meetings.

 

 

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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 March

European indices rally as the Fed and Bank of England are set to hike rates - we also look at ASX200 and Dow Industrials. EUR/USD, GBP/USD and USD/JPY await outcomes of central bank meetings. And oil and gold edge lower.

 

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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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:

 

Watching possible Russia default. Expectations it will not be able to meet its bond payment obligations tomorrow. Will it pay in Roubles?  

Indices: Europe expected to retrace Monday’s gains. Tech stocks again hit most. HK Tech down heavily again, but China stks down broadly as lockdowns return

FX: Watching EURUSD ahead of German ZEW which is expected to see a crushingly low number last seen in the depths of Covid. AUDUSD down as RBA says ‘patience’ remains on Aussie rates. USDCNH hits 200 SMA resistance on slowdown fears. GBPUSD seems to want to break $1.30

Equities: Earnings - CBG FERG VOW HMB  

Commods: Oil down again, Brent close to £100 a barrel on China slowdown fears. Gold and base metals down close to interesting lines of support, Nickel back on LME Wednesday

 

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Early Morning Call: Tech stocks in turmoil; USD/CNH hits resistance; and oil retreats

Europe expected to retrace Monday’s gains; tech stocks again hardest hit. Watching EUR/USD ahead of German ZEW; AUD/USD down while USD/CNH hits 200 SMA resistance. And oil down again; Brent close to $100 a barrel.

 

 

 

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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: 15 March

Indices fall back once more, highlighting the possibility of renewed declines. EUR/USD, EUR/GBP and GBP/JPY await Fed, BoE and BoJ rate decisions. And gold and oil prices give back more of their recent gains.

 

 

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 Wednesday: WTI; USD/JPY

As markets turn their attention to the Fed, IGTV’s Daniela Sabin Hathorn looks at how USD/JPY is trading ahead of the meeting. She also looks at a chart of WTI oil as the commodity continues to undo the last two weeks' gains.

 

 

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:

 

Russian $117mln debt repayment day – will it pay? It CAN pay, it’s more than likely to be a matter if it WANTS to repay creditors that are imposing sanctions = technical default

Indices: Europe up – UKX breaks at 200SMA after strong Wall St close yesterday. Gains across Asia HK Tech up 12%  

FX: Watching USD ahead of Fed rate decision 6pmGMT 25bps expected with hawkish statement. Japan deficit wider than ests USDJPY holds 5yr highs

Equities: INTC $88bln capex across Europe to combat chip shortage - $33b now $55b over 10yrs PLUS a recently announced $47b in EU state aid. Earnings FEVR CEY FXPO

Commods: Nickel returns to the LME with a 5% limit in a move – other base metals limited to 15% move. Gold holds recent losses. Brent back up above $100  

 

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Early Morning Call: gains expected in Europe; chip shortages persist; and nickel trading resumes

Europe up – UKX breaks at 200 SMA after strong Wall Street close yesterday; gains across Asia; HK Tech up 12%. INTC invests $88 billion across Europe to combat chip shortage. And nickel returns to the LME with 5% limit in a move.

 

 

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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: 16 March

European indices recover amid strong rebound in Asia ahead of Fed rate announcement. EUR/USD and GBP/USD edge higher while USD/JPY holds near highs. And gold continues to slide but oil bounces off uptrend line.

 

 

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: EUR/GBP; OCDO

As risk sentiment starts to recover in markets, IGTV’s Daniela Sabin Hathorn looks at EUR/GBP as it struggles to consolidate further gains in lead up to the Bank of England meeting, despite achieving consecutive higher lows.

She also looks at a chart of Ocado (OCDO) as the online supermarket faces resistance at its prior descending trendline support.

 

 

look ahead Thursday.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:   SPX has had best 2-day gain since April 2020 after Fed raised rates ¼pt. Europe consolidating at recent highs. HSI up 6% HK Tech up 11%    

FX: USD falls after Fed raised rates. Watching GBP ahead of an expected 25bps rise from BoE. AUDUSD strong day as Aussie jobs strongest since 2008

Equities: Earnings OCDO ROO CINE  

Commods: Gold up for 2nd day. Oil sees a small rise

 

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Early Morning Call: another session of gains; and BoE set to hike rates

SPX has best 2-day gain since April 2020 after Fed raised rates a ¼ point; Europe consolidating at recent highs; HSI up 6%; HK Tech up 11%. Watching GBP ahead of an expected 25bps rise from BoE. And gold up for second day.

 

 

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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 March

European indices flat to higher ahead of BoE rate announcement. Meanwhile EUR/USD, EUR/GBP and GBP/USD look bid post Fed and ahead of BoE meeting. And gold and WTI losses tempered after recent declines.

 

 

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 Friday: USD/JPY; WTI

After a highly anticipated rate hike from the Federal Reserve, attention turns on Friday to the Bank of Japan to deliver its latest monetary policy update.

IGTV’s Daniela Sabin Hathorn looks at USD/JPY as the rate differential trade continues to play out.

She also looks at a chart of oil (WTI) as the recent pullback ends and momentum turns bullish once again.

 

 

look ahead Friday.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:

 

Japan closed today – Vernal Equinox. Russian stk mkt expected to re-open today to FEDERAL trade only

Indices: After reporting some of the biggest weekly gains since Nov 2020 and SXXE erasing all the UKR invasion losses, markets start a new week on the back foot. Europe expected to open slightly lower

FX: JPY a tiny bit of relief after being the whipping boy last week. USDJPY back from 6yr high AUDJPY back from 4yr high and ERURJPY & GBPJPY back from 6wk highs. Watching GBP ahead of Chancellor’s spring statement Wednesday

Equities: Earnings: STEM PHTM NKE.

Commods: Oil up strongly for a third day - Aramco increasing capex $40-50bln this year.. Gold up Cotton new recent record high

 

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

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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:

 

Europe split on reliance on RUS gas as atrocities continue in UKR – speculation RUS chemical and biological weapons on stand-by

Indices: Europe up. UKX expected to build on Monday’s gains and continental Europe retracing losses. Asia up despite losses on Wall St on fears of a faster climb in rates. ASX 8wk high

FX: Those rate expectations pushing up USD. EURUSD down for a third day. USDJPY breaks 120 for 1st time in 6yrs  

Equities: Earnings – KGF ADBE. NKE up 4% last night on Q3 . Evergrande delay publishing audited results  

Commods: Oil up for 4th day. Gold up for 2nd day. Wheat holding decade highs

 

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

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Charting the Markets: 22 March

Indices make headway once more. EUR/USD and EUR/GBP slide while USD/JPY surges higher on hawkish Fed chair’s speech. And gold and oil give back recent gains.

 

 

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 Wednesday: GBP/USD; EUR/CAD

As central banks continue to acknowledge that elevated inflationary pressures are more persistent and concerning than originally thought, Daniela Sabin Hathorn looks at a chart of GBP/USD ahead of UK February inflation data.

She also looks at EUR/CAD as the loonie continues to benefit from rising oil prices.

 

 

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:

 

Volatility continues to drain out of mkts - Biden in Brussels attending emergency NATO summit & to meet G-7 leaders as Mariupol destruction continues, but UKR fights back

Indices: Stronger start to Europe as recovery continues tech leads the rally HSI tech very strong

FX: Watching GBP ahead of UK inflation data at 7am and spring budget statement. JPY holds weakness.

Equities: TotalEnergies finally bows to pressure and stop buying Russian oil & gas. TSLA back above $1tln - German factory opens. Earnings SAGA GIS. ADBE down 1.4% last night

Commods: Gold little changed at recent lows. Cotton new highs. Has Wheat topped out? 

 

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

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Early Morning Call: equity markets extend rally; TSLA back above $1tln; GBP in focus

Stronger start to Europe as recovery continues - tech leads the rally, HSI tech very strong. TSLA market cap back above $1trillion as German factory opens. And watching GBP ahead of UK inflation data and spring budget statement.

 

 

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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: 23 March

Recovery in indices continues with technology stocks leading the way. EUR/USD, GBP/USD and USD/JPY all steady after recent gains. And the oil price may soon come off again - we also look at gold.

 

 

 

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: USD/JPY; EUR/USD; NXT

IGTV’s Daniela Sabin Hathorn looks at USD/JPY ahead of the BoJ meeting minutes on Thursday as the rate differential trade continues to play out. The dollar is also picking up momentum against the euro.

And on the corporate calendar, Next Plc (NXT) will be in the spotlight with its full-year earnings as rising costs of living may present headwinds for companies selling discretionary items like clothing.

 

 

look ahead Thursday.PNG

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