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Charting the Markets: 2 November

The FTSE, DAX, and Dow likely to gain ground despite a somewhat mixed start to the day. EUR/USD edges up, while GBP/USD drops back and USD/JPY drifts sideways. And gold and Brent crude on the rise, with resistance up ahead.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--2-november-211102

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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: SPX; EUR/USD; NXT

With ADP private payrolls out in the States we see the start of a heavy week for the US economy.

IGTV’s Jeremy Naylor looks at the charts of S&P 500 (SPX) and EUR/USD ahead of a raft of other data including the big one, the Federal Reserve rate decision at 6pm UK.

Then on corporate UK, there’s a Q3 trading update from Next (NXT).

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-wednesday--spx--eur-usd--nxt-211102

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: Yet more record highs on Wall St, driving a new record close on CAC 1st time in 2 decades. Europe expected to open little changed with FTSE remaining at Tuesday’s lows

FX: Watching USD ahead of ADP private payrolls and Fed rate decision

Equities: Earnings today NXT LHA BMW. LYFT last night rose all sessions after Q3

Commods: Gold at recent lows and oil down for second day – as API inventories rise for a 6th week  

 

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

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Early Morning Call: New records on equity markets; USD to be tested today and Lyft stock jumps

Yet more record highs on Wall Street, driving a new 20-year record close on CAC; Europe expected to open little changed. Watching USD ahead of ADP private payrolls and Fed rate decision. And LYFT rises after Q3 earnings.

https://www.ig.com/uk/market-insight-articles/early-morning-call--new-records-on-equity-markets--usd-to-be-tes-211103

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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: 3 November

The FTSE 100 has stalled but the DAX and S&P 500 are still strong. EUR/USD and GBP/USD head lower as USD/JPY consolidates below resistance. And gold is at risk of further declines while oil prices drift down.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--3-november-211103

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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 Thursday: BT; SBRY; EUR/GBP; Brent

Thursday brings first half (H1) earnings from BT Group and we should have more of an answer about BT’s defence from a possible bid for the business from Altice. Then in the retail sector Sainsbury’s (SBRY) has its H1 earnings.

On the economic side the Bank of England rate decision should be supportive of sterling; IGTV’s Jeremy Naylor looks at EUR/GBP.

Then it’s the OPEC+ ministerial meeting where the group is expected to rubber stamp the 400,000 extra barrels of oil a day it has been feeding into the market.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-thursday--bt--sbry--eur-gbp--brent-211103

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: More records on Wall St (inc US small-cap Russell 2000) as Fed says US economy strong enough for it to consider tapering. Record highs on CAC & Dax. Europe to open mixed

FX: Watching GBP ahead of the BoE rate decision at noon UK

Equities: Earnings today - BT SBRY GLE CBK CSGN

Commods: Watching oil at near 1mth lows ahead of the monthly OPEC+ meeting. Gold 3rd day down

 

https://community.ig.com/igtv/ 

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Early Morning Call: Central bank meetings; more records for global equity markets and oil falls ahead of OPEC+

More records on Wall Street as Fed says US economy strong enough to consider tapering; record highs on CAC and DAX; Europe to open mixed. Watching GBP ahead of BoE rate decision at noon UK. And oil down ahead of OPEC+ meeting.

https://www.ig.com/uk/market-insight-articles/early-morning-call--central-bank-meetings--more-records-for-glob-211104

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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: 4 November

The FTSE 100 still pushing higher - we also look at S&P 500, Nasdaq 100 and EURO STOXX 50. In FX we look at GBP/USD, EUR/GBP, DXY and EUR/USD. And Brent crude attempts to regain lost ground, we also delve into WTI and iron ore.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--4-november-211104

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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 Friday: USD/JPY; DAX; IAG

After a week dominated by central banks, it all ends in the release of US jobs data: non-farm payrolls. After the strong private payrolls ADP reading, should we be positioned for an upside risk? Jeremy Naylor looks at USD/JPY.

Then, will the DAX benefit from industrial production data? Finally corporate UK sees IAG on Q3 numbers.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-friday--usd-jpy--dax--iag-211104

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:

 

Indices: After more new record highs markets take a breather – where next? GBP continues slide following BoE yesterday

FX: Watching USD ahead of NFP data.

Equities: Earnings today IAG. Last night Peloton fell as much as 30% on disastrous fiscal Q1 numbers, also covering UBER and ABNB

Commods: Oil worst week since August as OPEC+ keep to 400k bpd inc in supply. Iron Ore another new near 3yr low. Gold back up near $1,800

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: More record highs for DAX CAC INDU SPX NDAQ RUT many seen best weekly gains since August 2020. Europe expected mixed today 

FX: GBP close to breaking support vs EUR & USD ahead of GDP data this week. EURUSD close to breaking 1.1524 support

Equities: Earnings today – BAE HEN PYPL – Paypal close to long term support (all sessions)

Commods: Gold highest since 7 September as inflation expected to be more entrenched. Oil up for a third day. Zinc & Aluminium both closing in on support

 

https://community.ig.com/igtv/ 

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Early Morning Call: Indices reach more record highs; gold at 2-mth high and US earnings update

More record highs for DAX, CAC, INDU, SPX, NDAQ and RUT; Europe expected mixed. Gold at highest level since 7 Sept while oil is up for a third day. And earnings today from BAE, HEN and PYPL – Paypal close to long-term support.

https://www.ig.com/uk/market-insight-articles/early-morning-call--indices-reach-more-record-highs--gold-at-2-m-211108

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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: 8 November

Indices in robust form after strong NFP reading - we look at the VIX, EU VIX, S&P 500 and FTSE 100. EUR/USD, GBP/USD on the back foot again - we also look at DXY and USD/JPY. And gold rallies while oil recovers.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--8-november-211108

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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: AUD/NZD; COIN; ABF

With the return of Covid-driven headwinds in the Australian economy, the Aussie dollar has been under pressure. IGTV’s Jeremy Naylor looks at AUD/NZD around business confidence numbers.

Then onto corporate news and Associated British Foods (ABF) and Coinbase (COIN), which trades all-sessions on the IG platform, are the charts to watch. Other corporates include Bayer, Persimmon and Mediaset.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-tuesday--aud-nzd--coin--abf-211108

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:

 

Indices: Europe down for a second day after Wall St consolidates at recent record highs. Asia falls  

FX: GBP bounces neatly off support vs EUR & USD. BRC sales monitor down for second month increasing costa being faced by consumers. EURUSD awaiting ZEW

Equities: GOOG passes $2tln mkt cap. Earnings today – ABF PSN MUV BAY COIN (climbing in after hours on BTC record). Last night PYPL fell after disappointing outlook. HOOD discloses 3 Nov data breach

Commods: Gold up again heading for a deep band or resistance from $1,833, oil stalling at 1wk highs

 

https://community.ig.com/igtv/ 

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Early Morning Call: APAC indices down; Paypal falls and Coinbase to report earnings

Europe down for second day after Wall Street consolidated at recent record highs; Asia also falls. Google passes $2 trillion market cap while Paypal falls after disappointing outlook. Earnings today from ABF, PSN, MUV, BAY, COIN.

https://www.ig.com/uk/market-insight-articles/early-morning-call--apac-indices-down--paypal-falls-and-coinbase-211109

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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 November

The FTSE 100, DAX, and Dow are expected to continue their recent uptrend. EUR/USD and GBP/USD move higher as USD/JPY retreat goes on. And gold and Brent crude gain ground but resistance lies ahead.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--9-november-211109

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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.

Link to comment

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: Reversal into risk off as markets consolidate and Europe expected lower

FX: Rise in China CPI adds to pressure in Chinese economy – USDCNH rises  

Equities: TSLA falls by biggest single day since Sept 2020. COIN slumps all-sessions after earnings. Europe today MKS ITV HFD ADS ALV. US - DIS

Commods: Gold hits resistance band and falls. Oil sees healthy gains after EIA data yesterday

 

https://community.ig.com/igtv/ 

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Charting the Markets: 10 November

Indices consolidate as traders await a breakout - watching the FTSE 100, DAX and Dow Industrials. EUR/USD and AUD/USD at risk of another move lower - we also look at USD/JPY. And we end with commodities: gold and Brent.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--10-november-211110

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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.

Link to comment

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 looking marginally stronger at the open. Yesterday’s Wall St retracement unwinds    

FX: USD gains across the market after CPI data. EURUSD crashes 1.1524 support. AUDUSD breaks its support after poor Aussie jobs data. Watching GBP ahead of Q3 GDP data   

Equities: Earnings – SMWH, TED, BRBY SIE MT and DIS last night down 5% as both streaming and parks disappoint

Commods: Gold rises again enters big resistance area  

 

https://community.ig.com/igtv/ 

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Early Morning Call: USD strengthens; UK Q3 GDP misses; and Disney shares tumble

USD gains across the market after CPI data; EUR/USD crashes 1.1524 support. UK third quarter GDP data misses expectations: up 1.3% QoQ and 6.6% YoY. And Disney shares down 5% as both streaming and parks disappoint.

https://www.ig.com/uk/market-insight-articles/early-morning-call--usd-strengthens--uk-q3-gdp-misses--and-disne-211111

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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 November

FTSE 100, DAX, and Dow are expected to push higher despite volatility. Dollar strength hits EUR/USD and GBP/USD while giving USD/JPY a lift. And gold and Brent crude are expected to push higher despite divergence.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--11-november-211111

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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 Friday: WTI crude; AZN; DTE

With various economic data points coming out on Friday, IGTV’s Daniela Sabin Hathorn looks at WTI crude oil ahead of the Baker Hughes rig count.

On the corporate side, AstraZeneca is looking to please investors with its Q3 earnings after the takeover of Alexion Pharmaceuticals in July, whilst Deutsche Telekom will also be reporting Q3 earnings over in Germany.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-friday--wti-crude--azn--dte-211111

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:

 

Indices: New record highs for DAX and gains across much of Europe as Asia sees gains. Wall St mostly down apart from tech where the winners were based

FX: USD continues its climb set for its best week in 5mths – we’ll be speaking to Daily FX for a risk event for next week: EURUSD

Equities: New record for China’s ‘singles day’ sales BABA sales up 8.5% JD.com up 5% in HK. Earnings AZN on H1 – DTEL beats expectations for Q3 and FY look ahead

Commods: Gold takes a breather on its recent rise. Silver inverted head and shoulders is on. Oil down US Crude dips below $80 for third day

https://community.ig.com/igtv/ 

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Early Morning Call: Positive session in APAC; DXY up; and watching precious metals

New record highs for DAX; gains across much of Europe as Asia sees gains. USD continues its climb and is set for its best week in 5-months. And gold takes a breather on its recent rise; silver inverted head and shoulders is on.

https://www.ig.com/uk/market-insight-articles/early-morning-call--positive-session-in-apac--dxy-up--and-watchi-211112

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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 November

FTSE 100 at one-year high and DAX rallies, while S&P 500 keeps struggling. EUR/USD, GBP/USD, and AUD/USD rise back towards key resistance. And gold on a high as oil prices weaken.

https://www.ig.com/uk/market-insight-articles/charting-the-markets--12-november-211112

image.png

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.

Link to comment

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: Mostly down across the main markets after record highs for Dax & CAC on Friday

FX: USD down across the board after best week in nearly 5 mths last week. Ton of China stats - CNH little moved

Equities: Dubai airshow: Watching AIR as Indigo puts in an order for 255 jets - RTRS reporting $32bln value. HEIA offers to SA Brewer Distell (DGH) for ZAR180 per share   

Commods: Small retracement for Chicago Wheat after record high on Friday. Gold small retracement after 5mth high. Arabica coffee 7yr high

 

https://community.ig.com/igtv/ 

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    • Jul 4, 2022 | DailyFX James Stanley, Senior Strategist It’s been a rough year for stocks but I don’t think that the low is in just yet. Maybe something along those lines happens in Q3, some type of bottoming effect, but I’m not anticipating as such from where we’re at now. The Fed has shifted and at this point, that seems fairly obvious. What makes me retain a bearish approach towards equities is how there’s still so much ‘buy the dip’ mentality showing around global markets. And while the Fed has already made some inroads towards tighter policy, we still have yet to see any significant response with inflation which means the Fed is going to have to keep hiking until something begins to shift. And at this point there simply is a lack of evidence suggesting that this may be near and, if anything, there’s evidence pointing in the other direction with impact still set to show from the lockdown in China and the ongoing war in Ukraine. The effects of higher rates are also likely to bring a larger toll on emerging markets, which could, in turn, bring additional impact to US equities that like to sell products and derive revenue from these economies. Combine that with an expected pinch in Europe as inflation scales higher and there’s not a lot of optimism on the horizon for equities and at this point stocks are still quite overvalued compared to historical norms. I’m going to retain my bearish stance on US equities into Q3, specifically looking at the Nasdaq and S&P 500. But, even the Dow brings some bearish potential into Q3 as prices have, so far, tested but not broken below, a critical set of supports straddling the 30k psychological level. DOW JONES There’s a major spot of support on the Dow Jones chart running from a Fibonacci level at 29671 up to another Fibonacci level at 30,109. In between those two, we have the 30k psychological level so this is a big batch of support on the Dow Jones chart. And, just as it did in early 2021, this spot has so far helped to cauterize the lows as bulls have provoked a bounce. This has so far led to a mild bounce and that bounce may continue for a little while but, there’s resistance overhead at 31,393 and then another confluent zone around 32,500 that could prove as problematic for bears. I think the support zone around 30k could give way in Q3. The next confluent support zone on my chart is around 27,459, which is a little over 10% away from current price, as of this writing. DOW JONES WEEKLY CHART (2018-PRESENT) Chart created with TradingView, prepared by James Stanley S&P 500 For my Q2 top trade, one of the big sticking points in the S&P 500 was a confluent zone of support that was previously tested in Q1 but, by the end of the quarter, hadn’t yet given way. This confluent zone was between two Fibonacci levels at 4186 and 4211. It finally gave way in April before showing up as a resistance test in late May. 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And as rates continue to jump funding to companies will become more difficult and this is something that can continue to negatively impact higher-beta issues that populate the Nasdaq. The next spot of support on my longer-term Nasdaq chart rests in the zone from 10,500-10,750, the former of which is the 61.8% retracement of the pandemic move. That’s a little under 10% from current prices and seems a reasonable support target for Q3. Should the move continue to develop, which given the drivers, it can, then a 10k print can’t be ruled out from the equation. NASDAQ 100 WEEKLY CHART (JUNE 2018 – PRESENT) Chart created with TradingView, prepared by James Stanley  
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