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53 minutes ago, BobbyFarter said:

What is so special about Jackson's hole?  Does it smell nice?

Hi @BobbyFarter

 

The Economic Symposium, held in Jackson Hole, Wyoming, is an annual and exclusive central banking conference to foster open discussion about important and current policy matters attended by central bankers, finance ministers, academics, and financial market participants from around the world. Comments and speeches from central bankers and other influential officials can create significant market volatility.

 

All the best - MongiIG

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What to trade the week starting 30th August: US jobs report; Superdry earnings

IG’s Chris Beauchamp discusses what to expect from next week’s US jobs data, with private ADP figures on Wednesday and Friday's non-farm payrolls report. Chris also looks at a potential Superdry trade ahead of its earnings report.

https://www.ig.com/uk/market-insight-articles/what-to-trade-the-week-starting-30th-august--us-jobs-report--sup-210827

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Markets data to trade the week starting 20 September: Fed, BoE rate meetings

With the economic calendar dominating the week ahead, IGTV’s Jeremy Naylor caught up with Justin McQueen from Daily FX to discuss trading ideas around the two big events: the Federal Reserve and the Bank of England on rates.

https://www.ig.com/uk/market-insight-articles/markets-data-to-trade-the-week-starting-20-september--fed--boe-r-210917

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Market data to watch the week starting 4 October: RBA; NFP

As the 4th quarter starts, Jeremy Naylor caught up with Daily FX's Justin McQueen to look at a trade to consider. Justin also looks at non-farm payrolls and considers whether it will move the Fed closer to tapering in November.

https://www.ig.com/uk/market-insight-articles/market-data-to-watch-the-week-starting-4-october--rba--nfp-211001

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Look ahead to the week starting 18 October: Earnings & China data

The week starts with Chinese data. IG’s technical analyst Joshua Mahony looks at USD/CNH. Then on to EUR/GBP for data in the UK and across the EU. Corp data on US techs including Netflix and Tesla, also UK banks with Barclays.

https://www.ig.com/uk/market-insight-articles/look-ahead-to-the-week-starting-18-october--earnings---china-dat-211015

 

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Look ahead to the week starting 25 October: US earnings; ECB rates

US tech earnings continue with Facebook, Microsoft, Alphabet, Twitter, Ford and Exxon reporting, while in the UK it’s on to banks.

IGTV’s Jeremy Naylor discusses the week ahead with Chris Beauchamp, IG’s chief market analyst, who also looks at the European Central Bank's (ECB) rate decision.

https://www.ig.com/uk/market-insight-articles/look-ahead-to-the-week-starting-25-october--us-earnings--ecb-rat-211022

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Look ahead to the week starting 1 November: ECB, BoE rates

With earnings running down, the focus switches back to the outlook for interest rates. IGTV’s Jeremy Naylor and Joshua Mahony, IG technical analyst, look at the prospects from the Federal Reserve and Bank of England.

https://www.ig.com/uk/market-insight-articles/look-ahead-to-the-week-starting-1-november--ecb--boe-rates-211029

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What to watch the week starting 15 November: UK inflation; WMT earnings

As earnings wind down, Chris Beauchamp, IG’s chief market analyst, looks at the US retail sector and Walmart (WMT) in particular. Then with the recent rise in the dollar, Chris goes for GBP/USD around UK inflation data midweek.

His thought is that with a possible upside surprise in store, sterling may receive a bit of a breather from the recent downward pressure.

https://www.ig.com/uk/market-insight-articles/what-to-watch-the-week-starting-15-november--uk-inflation--wmt-e-211112

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Market data to watch for the week starting 22 November: Fed minutes; Zoom earnings

The news from central banks continues to be of interest and in the coming week it’s the turn of the Reserve bank of New Zealand on a rate decision, but more importantly the Federal Reserve publishes minutes of its last meeting.

Chris Beauchamp looks at EUR/USD. Then its onto corporate and the trade to watch around Zoom Communications to see if current low valuations are more realistically aligned to its earnings outlook.

https://www.ig.com/uk/market-insight-articles/market-data-to-watch-for-the-week-starting-22-november--fed-minu-211119

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What to watch for the week starting 29 November: non-farm payrolls; easyJet earnings

As the new Covid-19 variant causes markets to sell-off, look out for the latest inflation data from Europe and jobs data from the US. IG’s senior market analyst, Josh Mahony, looks at oil and the US Dollar.

On the corporate calendar, easyJet earnings will be of interest as the airline continues to struggle to achieve a rebound in passenger numbers as new travel restrictions loom.

https://www.ig.com/uk/market-insight-articles/what-to-watch-for-the-week-starting-29-november--non-farm-payrol-211126

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What to watch for the week starting 6 December: CPI; RBA; BOC

As the last monetary policy meetings of 2021 come into view, watch out for guidance from the RBA and BOC regarding any possible divergence in their monetary policy actions as growth outlook dampens again due to Omicron.

Senior market analyst, Josh Mahony, looks at a chart of USD/CAD and EUR/GBP.

On the corporate front, Ashtead and Berkeley Group earnings will be in focus.

https://www.ig.com/uk/market-insight-articles/what-to-watch-for-the-week-starting-6-december--cpi--rba--boc-211203

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Markets to watch the week starting 13 December: four rate decisions; OCDO

With interest rate decisions from the Bank of England, Federal Reserve, European Central Bank, and Bank of Japan, IGTV’s Jeremy Naylor discusses EUR/USD and GBP/USD as two trading opportunities.

Then on the much-reduced corporate calendar, IG’s Chris Beauchamp looks at Ocado (OCDO).

https://www.ig.com/uk/market-insight-articles/markets-to-watch-the-week-starting-13-december--four-rate-decisi-211210

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Market data to trade the week of 20 December: US durable goods and NKE

As we wind down to the end of the year while there are several economic data points to watch out for it is durable goods that Chris Beauchamp pulls out for attention. Here he looks at th US dollar as a trade to watch.

Then onto the corporate calendar the choice trade is Nike (NKE) all sessions on the IG platform.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-the-week-of-20-december--us-durable-goods-a-211217

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Market data to trade the week of 27 December: Japan CPI and oil inventories

As the last trading week before Christmas comes to an end, IGTV’s Daniela Sabin Hathorn is joined by Josh Mahony to get his views on what to look out for in the final week of 2021. Josh looks at charts of GBP/JPY and oil.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-the-week-of-27-december--japan-cpi-and-oil--211223

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Markets to trade the week of 10 January: USD; TSCO

With the corporate calendar starting to pick up from the holiday period, IGTV’s Jeremy Naylor and Chris Beauchamp, IG’s chief market analyst, discuss UK retail with the focus on Tesco on its fourth quarter trading statement.

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Market data to trade the week of 17 January: UK inflation; Netflix earnings

After mixed readings from China and the US, IG’s Chris Beauchamp looks at GBP/USD ahead of the latest employment and inflation data from the UK.

On the corporate calendar, as the US earnings season gets into full swing, Chris looks at a chart of Netflix.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-the-week-of-17-january--uk-inflation--netfl-220114

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Market data to trade the week of 24 January: FOMC; Tesla earnings

As the highly awaited FOMC January interest rate decision comes into view, IGTV’s Daniela Sabin Hathorn is joined by IG’s chief market analyst, Chris Beauchamp, who looks at how EUR/USD is trading leading up to the meeting.

On the corporate calendar, US earnings season is in full force which means a busy week up ahead, but Chris picks Tesla’s earnings as a key event to watch out for given the slightly disappointing earnings we have seen so far.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-the-week-of-24-january--fomc--tesla-earning-220121

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Market data to trade the week of 31 January: ECB; Alphabet earnings

The central bank spotlight continues next week with the BoE and ECB attracting the most attention from markets.


Daniela Sabin Hathorn | Presenter and Analyst, London | Publication date: Friday 28 January 2022 15:50
IGTV’s Daniela Sabin Hathorn is joined by IG’s chief market analyst, Chris Beauchamp, as he looks at EUR/USD ahead of the ECB interest rate decision on Thursday, and Alphabet shares ahead of their Q4 earnings release.

https://www.ig.com/uk/market-insight-articles/market-data-to-trade-the-week-of-31-january--ecb--alphabet-earni-220128

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Markets to trade the week starting 7 February: BP; DAX

With German data out next week, IG technical analyst, Axel Rudolph, picks short DAX. He discusses how the bearish engulfing candle on Wednesday has been followed through.

Meanwhile, on the corporate agenda, Axel is long BP ahead of the company’s Q4 on Tuesday.

https://www.ig.com/uk/market-insight-articles/markets-to-trade-the-week-starting-7-february--bp--dax-220204

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Market data to trade the week of 14 February: UK CPI; Natwest earnings

After another strong rise in inflationary pressures in the US, IG’s Chris Beauchamp looks at GBP/USD ahead of the trio of UK data out next week, which includes CPI, retail sales and the unemployment rate for the month of January.

On the corporate front, Chris has his eye on Natwest’s full-year earnings.

 

 

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Market data to trade the week of 21 February: German IFO; Lloyds earnings

After a week dominated by risk-off sentiment amid escalating tensions in Eastern Europe, IG’s market analyst, Axel Rudolph, looks at a chart of the DAX 40 ahead of the latest release of the German IFO business climate index.

He also looks at the share price of Lloyds ahead of its full-year earnings release after a disappointing market reaction following the latest earnings from NatWest.

 

 

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Markets to trade the week of 28 February: S&P 500; Aviva

With the big unknown of the ongoing heightened geopolitical risk around Ukraine, searching out charts to trade is a difficult task.

IGTV’s Jeremy Naylor caught up with technical analyst, Axel Rudolph, who has chosen to analyse the S&P 500 and Aviva charts.

Jeremy highlights the risks which depend on developments over the weekend and into the new week.

 

 

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Market data to trade the week of 07 March: US CPI; Legal & General earnings

Following another volatile week in financial markets, Axel Rudolph, market analyst at IG, talks about how Thursday's US CPI data could impact the Federal Reserve’s decision to hike by 25 or 50 bps at their next meeting.

 

 

He looks at a chart of the Nasdaq for key levels to watch out for.

On the corporate calendar, Legal & General’s earnings catch his attention as they may lead to a recovery in the short-term trend.

 

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Market data to trade the week of 14 March: Fed; BoE; Ocado

As the ongoing conflict in eastern Europe sees central banks return to a cautious tone, IG’s Axel Rudolph looks at GBP/USD ahead of the Federal Reserve and Bank of England meetings this week.

He also sets his eye on Ocado’s Q1 trading statement as he continues to trade the downtrend with aims at breaking resistance.

 

 

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Market data to trade the week of 21 March: UK CPI; Next Plc

After a busy week of central bank meetings, Axel Rudolph, market analyst at IG, looks at a chart of GBP/JPY as he trades off of the dovish BoJ meeting into the February UK CPI release on Wednesday.

On the corporate calendar, he looks at Next plc as the recent recovery approaches a key descending trendline acting as resistance.

 

 

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    • Apple’s recent stock weakness marks a divergence with other members of the Magnificent 7 and the broader Nasdaq 100. Source: Bloomberg   Indices Shares Apple Inc. Artificial intelligence Price iPhone Written by: Chris Beauchamp | Chief Market Analyst, London   Publication date: Friday 01 March 2024 13:26 AI Efforts in Question Apple's stock fell below $180 on Thursday for the first time since early-November, underperforming the broader market. While the S&P 500 and tech-heavy Nasdaq indices posted solid gains, Apple shares slipped around 1%. Source: Google Finance The decline comes as doubts loom about Apple's artificial intelligence (AI) initiatives. Rivals like Microsoft are delivering strong earnings growth tied to burgeoning AI technology. This was highlighted by Tuesday's report that Apple is discontinuing its decade-long electric vehicle project. Back in 2017, Apple CEO Tim Cook called the autonomous car endeavour the "mother of all AI projects." Stock Underperforms Broader Market So far in 2024, Apple shares have dropped 3%, trailing the S&P 500's 7% gain and the Nasdaq's 9% climb. Despite its long-term market-beating returns, Apple has recently lagged the S&P 500 on 6-month, 1-year, and 2-year timeframes, according to FactSet data. After spending most of 2021 to 2023 as the world's most valuable public company by market capitalization, Apple surrendered that crown to Microsoft in January. Microsoft's sales and profit growth have far outpaced Apple's, which posted negative growth in its 2022 fiscal year ending last September. AI Investment Hints but Details Lacking At Wednesday's shareholder meeting, Cook suggested Apple is "investing significantly" in generative AI. He said more specifics will be announced later this year. UBS analyst David Vogt predicts Apple's first major AI launch will come in June at its annual Worldwide Developers Conference. iPhone Sales Weakness Looms In addition to AI uncertainties, expectations for weak iPhone sales growth continue to weigh on Apple. iPhones accounted for 58% of Apple's total revenue last quarter. Some See Positives in Car Project Halt Some analysts see a silver lining in the halt of Apple's electric car plans. It enables the company to refocus AI talent on nearer-term products with greater market potential. To Morgan Stanley, it also shows Apple's "cost discipline." Apple analyst rating LSEG (formerly known as Refinitiv) data shows a consensus analyst rating of ‘buy’ for Apple with 10 strong buy, 17 buy, 13 hold and 2 sell – and a mean of estimates suggesting a long-term price target of $201.41 for the share, roughly 16% higher than the current price (as of 1 March 2024). Source: LSEG Technical outlook on the Apple share price The Apple share price continues to precariously weigh on its $180.30 to $179.25 support zone which consists of the January-to-February lows. A fall through and daily chart close below this area looks increasingly likely and would lead to levels being reached which were last traded in early-November with the 3 November low at $176.65 representing the first downside target. Apple Daily Candlestick Chart Source: TradingView Further down sits the $174.49 August low below which key support can be spotted between the September and October lows at $167.62 to $165.67. Were the $180.30 to $179.25 support zone to hold, though, a rise and daily chart close above last week’s high at $185.04 would need to occur, for a recovery off the support area to gain traction. In this scenario the Apple share price would trade back above its 200-day simple moving average (SMA) at $183.90 and target the 55-day SMA at $188.50. This will continue to favour a fall through support at $179.25 to take place as long as the Apple share price continues to trade below last week’s high at $185.04.     This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
    • PG Elliott Wave Analysis Trading Lounge Daily Chart, 1 March 24 The Procter & Gamble Company, (PG) Daily Chart PG Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulse STRUCTURE: Motive POSITION: Minuette wave (ii) of {iii}. DIRECTION: Bottom in wave (ii).   DETAILS: As we are approaching ATH at 165$, we are expecting either an acceleration higher into wave (3) or else we could have topped in wave (C) to then fall back lower and continue the major correction.         PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 1 March 24 The Procter & Gamble Company, (PG) 4Hr Chart PG Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective STRUCTURE: Zigzag   POSITION: Wave a of (ii).   DIRECTION: Downside into wave (ii). DETAILS: Looking for a clear three wave move into wave (ii) to finding support around the 155$ mark.   Welcome to our PG Elliott Wave Analysis Trading Lounge, your ultimate destination for detailed insights into The Procter & Gamble Company (PG) using Elliott Wave Technical Analysis. As of the Daily Chart on 1 March 24, we dive into crucial trends shaping the market.         *PG Elliott Wave Technical Analysis – Daily Chart* In terms of wave dynamics, we identify a trend function with an impulse structure, specifically a motive pattern. The current position is in Minuette wave (ii) of {iii}, indicating a potential bottom in wave (ii). With the approaching all-time high (ATH) at $165, we anticipate either an upward acceleration into wave (3) or a potential top in wave (C), followed by a downward movement to continue the major correction. *PG Elliott Wave Technical Analysis – 4Hr Chart* Here, we explore a counter trend mode with a corrective structure, specifically a zigzag pattern. The present position is in Wave a of (ii), suggesting downside movement into wave (ii). We anticipate a clear three-wave move into wave (ii), aiming to find support around the $155 mark.  
    • The new month kicked off with several stock market indices hitting record highs on Thursday. Japan's Nikkei Average, the S&P 500, and the Nasdaq all closed at fresh record peaks. The gains were buoyed by tech stocks like NVIDIA and Advanced Micro Devices. Stock markets are in an upbeat mood after US inflation figures came in line with expectations on Thursday. This helped shape forecasts for the timing of future Fed interest rate cuts. It extended the ongoing global equity rally and also pushed Treasury yields lower. The DAX also reached a new all-time high on Thursday. Europe opens today waiting for inflation data that should indicate inflation is moving back toward the 2% target. This comes after data showed inflation dropping in countries like Germany, France and Spain thanks to lower energy and food prices. The ECB has maintained record-high interest rates since September. Also on the calendar today is the US ISM manufacturing PMI.   
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