Our Picks

Australian Bond Market:
GBP/JPY May Receive a Month End Boost.
ECB Unlikely to Provide Fireworks.

Palantir’s share price is up close to 7% year-to-date. Can its upcoming results lift sentiments?

EUR/GBP PRICE, NEWS AND ANALYSIS:
Trading in EUR/GBP will be dominated near-term by this session’s monetary policy announcement by the European Central Bank and its President’s news conference.
The ECB and President Christine Lagarde will likely remain dovish and that could weaken EUR/GBP and other Euro crosses.

With Tesla’s share price surging more than 17% over the past week, what may be on watch?

KEY TALKING POINTS:
EUR/GBP finds support as traders prepare for ECB and BOE meetings.
GBP hawkish expectations leave ample room for disappointment.

Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.

S&P 500, Dow Jones, Nasdaq 100 Outlook.
China’s So-Called Lehman Moment.
Global Tapering Underway.

GBP/AUD PRICE, NEWS AND ANALYSIS:
Rising inflation has become an important driverof foreign exchange rates recently but data from Australia Wednesday showed a surprisingly large fall year/year.
By contrast, the scope for UK Chancellor of the Exchequer Rishi Sunak to boost the economy in today’s UK Budget will likely be held back by increases in inflation that have raised the cost of servicing the national debt.
That’s broadly positive for GBP/AUD as it approaches an important band of support after weeks of losses.

After updating its Q3 revenue guidance, the Beyond meat share price fell 15% on Friday to a 52-week low of $92. Have investors overreacted to weaker than predicted sales?

WHEN DOES FACEBOOK REPORT EARNINGS?
FACEBOOK EARNINGS – WHAT TO EXPECT
FACEBOOK SHARES – TECHNICAL ANALYSIS

HSBC rides out China property storm with 74% profit jump, $2 bln buyback

Q3 profit rises to $5.4 bln on better loan outlook
Costs set to tick up to $32 bln as inflation bites
$2 billion share buyback to begin shortly
London shares rise 1%, touch 4-month high




 








 

Asian shares steady, dollar weak as traders await earnings


HONG KONG, Oct 25 (Reuters) - Asian shares started steady on Monday ahead of a week packed with major quarterly earnings announcements, while the dollar hovered near October lows after three weeks of risk-friendly sentiment hurt safe-haven currencies.

HSBC (HSBA.L) and Facebook (FB.O) will both publish quarterly results on Monday, in Asian trading and late U.S. hours respectively.

 

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 25th October 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.

British Pound (GBP) Price Outlook:
November BoE meeting may see interest rates hiked.
UK retail sales figures disappoint.
UK October PMIs beat expectations.

AUSTRALIAN DOLLAR, AUD/USD, US YIELDS, EVERGRANDE, RBA - TALKING POINTS:
The Australian Dollar saw early pressure before Evergrande made good.
APAC equities moved higher on the news as sentiment turned positive.
US yields rise as inflation fears grow. Will AU-US spreads drive AUD/USD?

Find out what to expect from Boeing’s earnings results, how they will affect Boeing share price, and how to trade Boeing’s earnings.

Apple share price: Q4 earnings preview

Apple Q4 earnings to be driven by iPhone 12 sales.

GBP/USD PRICE, NEWS AND ANALYSIS:
GBP/USD continues to find it difficult to break convincingly above 1.38, which is not just providing “round number” resistance but is also where an important trendline checks in.
The latest UK public sector net borrowing (PSNB) figures were better than expected in September but haven’t changed expectations of an imminent UK interest rate increase.

CHINA-US TENSION, TAIWAN, US DOLLAR, S&P 500, FED INTEREST RATE HIKE - TALKING POINTS:
Xi-Biden summit likely only to achieve surface-level diplomatic breakthroughs.
Competing global and regional priorities may prevent meaningful cooperation.
S&P 500 at risk ahead of precarious holiday season, geopolitical uncertainty.

GBP/USD PRICE, CHART, AND ANALYSIS:
Interest rates to rise in 2022, boosting Sterling.
Hard data remains key in Q4.

FANGS ANALYSIS:
Hit series ‘Squid Game’ expected to drive subscriber growth into year end.
Facebook to consider name change in line with Zuckerberg’s ‘metaverse’ vision.
FANG index reaches all-time high, remains elevated.

AMD’s share price has surged close to 9.5% over the past week. Can its upcoming Q3 results lead to a new record high for its share price?

FTSE 100 PRICE, NEWS AND ANALYSIS:
The FTSE 100 index of leading London-listed stocks is in a good position to climb further, helped by Wall Street strength, risk-on sentiment in the markets, earnings optimism and news of an unexpected drop in UK inflation.
Those factors should outweigh continuing market expectations of an imminent tightening of UK monetary policy and bad Covid-19 data.

CRUDE OIL TECHNICAL HIGHLIGHTS:
Trading well above major long-term resistance.
Watching levels that lie just ahead from years prior.
Outlook remains generally bullish until proven otherwise.

USD/CAD slides lower on US dollar weakness, while retail traders increase their USD/CAD short bets:
Canadian Dollar Price, Chart, and Analysis.
Brent crude oil eyes a new three-year high.
USD/CAD traders increase short bets.