Our Picks

Top content from across the community, hand-picked by us.

Market volatility remains - EMEA brief 12th July

JamesIG posted a blog entry in Market News, July 12, 2018

Market volatility remains evident throughout Asia, with yesterday’s sharp tumble being followed up by a strong rebound overnight. Chief amongst those gainers were the Chinese markets, which gained ground despite the ongoing trade war with the US. Suggestions that China and the US could resume trade talks has helped boost short term market sentiment. Crude prices were also fighting back in the wake of the biggest one-day decline in more than two years yesterday.

Looking ahead, a relatively quiet European session sees industrial production data from the eurozone take precedence in the lead up to the latest ECB monetary policy minutes. Meanwhile, the US will be keeping a close eye out for the CPI inflation data and unemployment claims number.

1 reply

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JamesIG, July 12, 2018

Post in gold market discussion

Caseynotes posted a post in a topic, July 11, 2018

Have you noticed the lack of a safe haven drive in the gold market lately, and could the PBoC be the reason? Join the IG Community forum to discuss the likelihood and implications of this very interesting article shared by Caseynotes and published yesterday by Sprott Money.

What will the wider impact of this be outside of the gold market? Are the shared articles linked or purely coincidence? Join the conversation and share your views!

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JamesIG, July 11, 2018

Tariffs spook markets - EMEA brief 11th July

JamesIG posted a blog entry in Market News, July 11, 2018

Asian markets were back in the red overnight, as Donald Trump has once again ramped up trade war fears, driving away any optimism built in recent days. With Trump starting the process that will ultimately lead to the imposition of tariffs on $200 billion worth of Chinese goods, there is reason to believe we are entering the next stage of the trade war between the two countries. Unsurprisingly we have seen losses across the board overnight, with the heaviest falls centred upon the Chinese and Hong Kong markets. US and European futures are trading lower this morning as well.

Looking ahead, central banks are in focus, with appearances from ECB and BoE governors Mario Draghi and Mark Carney. The big event of the day comes in the form of the Bank of Canada rate decision, where the committee is expected to push interest rates higher for the first time in 2018. Also keep an eye out for US PPI, and crude oil inventories data.

2 replies

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JamesIG, July 11, 2018

Brexit breakdown? - EMEA brief 10th July

JamesIG posted a blog entry in Market News, July 10, 2018

A lack of trade war news is jumped on by Asian equity markets which rally for a third consecutive session. Boris Johnson follows David Davis and resigns from his position of Foreign Secretary sparking speculation of a rebellion. Oil dropped yesterday after Merkel and Li commit to Iran nuclear deal, before supply shortages and strikes in of oil workers in Norway aided the reversal for brent and WTI to finish up. Gold prices inch up amid the continued Brexit uncertainty, whilst subdued dollar assists commodities.

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JamesIG, July 10, 2018

Trade wars, brexit and the Fed - DFX key themes

JohnDFX posted a blog entry in Market News, July 9, 2018

Get a broad macroeconomic overview of three key themes which John Kicklighter from DailyFX thinks will have prominence for the week commencing 9th July. The three areas this week are the Trump trade wars, brexit, and the Fed. Plan your trading week and feel free to ask questions to get the most out of IG.

4 replies

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JamesIG, July 9, 2018

Brexit secretary resigns - EMEA brief 9th July

JamesIG posted a blog entry in Market News, July 9, 2018

David Davis resigns from his poll position as Brexit secretary. Sterling feels the pinch. Global equity markets rally on US jobs relief, whilst dollar falters. Balanced U.S. jobs data suggest Fed can stay gradual on hikes. Oil inches up whilst gold gains on the weaker dollar.

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JamesIG, July 9, 2018

Dividend Adjustments 09 July - 13 July

JamesIG posted a blog entry in Market News, July 6, 2018

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.

0 replies

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JamesIG, July 6, 2018

Chart updates, crypto pairs, and weekend funding

JamesIG posted a blog entry in IG Product Updates, July 5, 2018

We recently made a post on Community showcasing a number of ways you can leave feedback and suggest improvements regarding our products and services. I wanted to follow up with our first ever ‘Product Update’ post so you can see some of the recent improvements we have made on the back of our continued two way communication which has helped IG become the global leader.

8 replies

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JamesIG, July 6, 2018

'Bellwether' copper slides - EMEA brief 6th July

JamesIG posted a blog entry in Market News, July 6, 2018

Copper extends losses on worries about global growth. The metal, seen as a bellwether of economic health, has hit a fresh 11 month low in London's LME. This week alone the metal has shed nearly 5% which has put it on it's steepest weekly drop since mid November 2017.

Fed hints at last nights FOMC that it could raise rates twice more this year. Greenback gains removing some of the earlier gains from GBPUSD. Carney warns that Trumps trade tariffs could damage the global economy knocking up to 2.5 percentage points of global growth over three years, but has warned Trump that these tariffs will hurt the US the most. Carney still upbeat about UK growth.

2 replies

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JamesIG, July 6, 2018

Screening for Institutional Buying

Caseynotes posted a topic in General Trading Strategy Discussion, July 2, 2018

How can you see when institutional buying has started on a particular stock? Does this create a trade opportunity which you can jump on to trade the trending stocks move upwards? Community member Caseynotes sets out his findings with discussion relating to the specific 'screener' method below.

3 replies

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JamesIG, July 5, 2018

Superdry PLC (SDRY) bucks the UK high street trend

rimmy2000 posted a post in a topic, July 2, 2018

Superdry is a Community topic of conversation today on the back of their results: The groups sales are up 16%, PBT up 11.5%, EPS 93.6p (on target with broker estimates of 94p), ordinary div of 21.9p payable 21 sept, special div 25p payable 14 dec. Join the conversation.

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JamesIG, July 5, 2018

USD soft going into FOMC - EMEA brief 5th July

JamesIG posted a blog entry in Market News, July 5, 2018

USD slightly softer going into US Initial Jobless Claims and FOMC minutes later today. Gold is holding steady before Fed minutes, whilst copper and zine are stuck near their one year lows on trade woes. Oil prices fall as Trump slams OPEC on twitter and blames the cartel for rising gas prices. This issue has been raised a number of times over the last few weeks as it could cause a major issue for the 'Trumphouse' going into the November midterms. Meanwhile China's duty on U.S. crude looms.

Goldman Sachs are still bullish on Commodities as a whole and believe trade war fears have been overdone. "All of these concerns have been oversold. Even soybeans, the most exposed of all assets to trade wars, is now a buy."

0 replies

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JamesIG, July 5, 2018

US markets closed - EMEA brief 4th July

JamesIG posted a blog entry in Market News, July 4, 2018

Another bearish session overnight saw Chinese and Hong Kong indices lead the decline, with the first round of tariffs on Chinese goods set to take effect on Friday. The recent decline in the yuan was arrested, with strong dollar selling pressure from Chinese banks looking like intervention from the Chinese authorities. Australian data came in mixed, with a strong retail sales reading counteracted by a lower than expected trade balance figure. Meanwhile, the Chinese Caixin services PMI rose sharply, driving the measure to rise from 52.9 to 53.9.

The services PMI theme looks set to continue, with European nations releasing their own version throughout the morning. The big focus will be upon the UK services PMI figure, with the release playing a key part in dictating GDP estimates for Q2. Meanwhile, the US markets are closed as the country celebrates Independence Day.

0 replies

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JamesIG, July 4, 2018

Sharp Asian declines - EMEA brief 2nd July

JamesIG posted a blog entry in Market News, July 2, 2018

Sharp declines overnight look to be paving the way for a bearish start to the week in Europe, with circa 2% losses across Japanese and Chinese markets. The Hang Seng market was closed for a bank holiday while the Australian ASX 200 managed to limit the losses. Trade wars are back on the agenda as a key concern for markets, with a European Commission statement against car tariffs making little difference to sentiment for now. Data wise, we saw the Japanese Tankan manufacturing survey fall from 24 to 21, while the Chinese Caixin manufacturing PMI number moved slightly lower, to 51.0 (from 51.1).

The manufacturing focus remains today, with a host of final manufacturing PMI readings from a host of eurozone countries leading into the initial UK figure for June. With Canadian markets on holiday, the focus is on the US, where once again it is the manufacturing surveys which take precedence.

0 replies

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JamesIG, July 2, 2018

Dividend Adjustments 02 July - 06 July

JamesIG posted a blog entry in Market News, July 2, 2018

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.

0 replies

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JamesIG, July 2, 2018

Big macro data day - EMEA brief 29th June

JamesIG posted a blog entry in Market News, June 29, 2018

The economic calendar looks to set to be a busy day, with the release of the final UK GDP reading, alongside the flash eurozone CPI reading for June. With yesterday’s GDP reading from the US was revised lower from 2.2% to 2.0%, there is going to be of particular interest for this UK figure.

Meanwhile, with the ECB heavily reliant upon the trajectory of inflation, traders should be watching out for the CPI figure as a driver of euro volatility. In the US session, watch out for the release of US personal income and spending, which will be hugely important given the influence of domestic consumption as a driver of US growth.

1 reply

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JamesIG, June 29, 2018

EU summit discussion - EMEA brief 28th June

JamesIG posted a blog entry in Market News, June 28, 2018

The focus for the European session will be the latest EU summit, where Brexit is likely to remain one of the key topics of discussion, alongside immigration issues which are a thorn in the side of Angela Merkel. The US session sees the final US GDP reading released alongside unemployment claims. However, for the most part markets are likely to instead look to Donald Trump and China for a lead on market bias.

0 replies

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JamesIG, June 28, 2018

How are you trading the ‘trump trade war’?

247trader posted a topic in General Trading Strategy Discussion, June 24, 2018

Join the forum discussion: "Trade war talk is really kicking off and now the EU are getting on board. How are you trading it? Which markets are worth investigating? What's your risk profile on this? Do you think it’ll last or just be a flash pan statement?"

11 replies

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JamesIG, June 27, 2018

Oil booms, China bust? - EMEA brief 27th June

JamesIG posted a blog entry in Market News, June 27, 2018

Chinese and Hong Kong indices led Asian markets lower overnight, with a sharp drop in the Shenzhen composite and Hang Seng providing the stand out underperformers amid largely flat trade in Japan and Australia. Rising oil prices provided a boost to energy stocks, with the US putting pressure on other countries to end the purchase of Iranian crude. In particular, this rise in crude prices helped shift the Australian ASX 200 out of the red, with the energy sector rising 1.3%.

Looking ahead, the European session looks likely to focus on the Bank of England once again, coming off the back of last week’s rate decision. An appearance from Carney accompanies the latest BoE financial stability report. The US session will look towards core durable goods orders for their lead, with the latest trade balance data also taking on an important role given recent disagreements over trade.

0 replies

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JamesIG, June 27, 2018

Nasdaq and USDJPY fallout - EMEA brief 26th June

JamesIG posted a blog entry in Market News, June 26, 2018

USDJPY falls on the back of an intensifying trade war dispute. ‘Fang’ stocks and the heavily tech centric Nasdaq slump on trade war fears. Turkish lira gains from yesterday gives further reason for overseas investment in Turkey to remain wary.

USDTRY looking like it could have entered a period of consolidation after rising nearly 25% from the beginning of the year. Oil prices rise on the Libyan oil export uncertainty, however OPEC still the overarching dampener with plans to raise output. Gold inching down on US rate hike expectation. Bitcoin at critical level of support previously hit in April and February 2018, and previously November 2017.

0 replies

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JamesIG, June 26, 2018

TRY gains on Erdogan win - EMEA brief 25th June

JamesIG posted a blog entry in Market News, June 25, 2018

The weekend election in Turkey has seen the incumbent president win as expected, with sweeping changes being implemented that will now ensure he holds substantially more powers, and for an unlimited term. Nevertheless, the stability that this promises to bring over the near-term has helped boost the lira, which rose 2% overnight.

Looking ahead, the German Ifo business climate figure represents the biggest data point on a day that is light of any particularly significant releases. As such, there is likely to be a continue focus on trade considerations with the US.

0 replies

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JamesIG, June 25, 2018

Dividend Adjustments 25 June - 29 June

JamesIG posted a blog entry in Market News, June 22, 2018

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing the 25th June 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.

3 replies

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JamesIG, June 22, 2018

Trump tariffs hit the DAX

Caseynotes posted a post in a topic, June 21, 2018

Join the DAX conversation on Community: "We have strayed from the technicals and wandered into fundamental territory and everything is spinning on every Trump tweet. But all else being equal (putting aside the trade issue) and given the overall good state of the US economy all the main indices should be drifting up out of this period of consolidation. But the big levels always matter and any breach takes some effort to undo and a drop below 12544 puts us back into a prior range whose bottom is indeed around 11800."

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JamesIG, June 22, 2018

OPEC oil talks - EMEA brief 22nd June

JamesIG posted a blog entry in Market News, June 22, 2018

Oil seeing volatility ahead of a crucial meeting for OPEC on production. Emerging markets aren't helped by trade war talks and slip to a 9 month low. Trade war fallout starting to be seen with Daimler's profit warning likely to be linked to the imposed tariffs. Relatively large macro economic day today. Give a once over to the calendar below and plan your day.

Asian markets were largely back in the red overnight, as the market fear that has been dictating the state of play globally returned once more. Japanese markets also traded lower, despite a rise in the manufacturing PMI survey overnight, with the May figure also revised higher. Oil is going to be the talk of the town today, with the OPEC meeting reaching its conclusion. The question is whether we see a production rise by above or below 1M bpd. This is a rough the threshold that differentiates a result that is seen as a victory for Iran (below 1M), or Saudi Arabia (above 1M).

0 replies

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JamesIG, June 22, 2018