Our Picks
Top content from across the community, hand-picked by us.
Bitcoin longer term - maybe 500MA?
trade247 posted a topic in Cryptocurrency and Blockchain,
Bitcoin will go up for the following reasons: inelasticity, thin liquidity, human behavior, bitcoin halving event, and 'ETF city'. I've gone into more detail below.
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JamesIG,Post in Turkish lira really having a hard time
Ludwik Chodzko-Zajko IG posted a post in a topic,
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JamesIG,Trader's View - APAC brief 10 Aug
Guest JasmineC posted a blog entry in Market News,
So far, reporting season has delivered some respectable results, which — assuming if it continues — will give impetus for pushes higher. However, considering the vulnerability in bank stocks owing to tightening funding costs and slow credit growth, coupled with flatness in the materials space due to softer commodity prices and trade war fears, a sustainable move higher in the index must questioned and approached carefully.
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JamesIG,Oil slips 3% - EMEA brief 9 August
JamesIG posted a blog entry in Market News,
Looking ahead, the data remains relatively thin on the ground, with US PPIP and unemployment claims providing the only highlights. Earnings-wise, keep an eye out for figures from the likes of Macy's, Viacom, and News Corp.
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JamesIG,Trader's View - APAC brief 9 Aug
Guest JasmineC posted a blog entry in Market News,
The trade concerns were then exacerbated by news that the US would increase sanctions on Russia for its involvement in poisoning an ex-Spy in the UK. Both stories are fresh but add to already tense diplomatic relations between the US and China, and the US and Russia: expect the news to rattle Asian and European markets, which have proven far more vulnerable to geopolitical risks.
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JamesIG,Tesla privatisation and what it means for my IG positions
Guest JoceHockings posted a question in IG Trading Support - Dealing Questions,
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JamesIG,Tweets boost Tesla - EMEA brief 8 August
JamesIG posted a blog entry in Market News,
UK earnings from key firms such as Prudential, Glencore, and G4S help to offset a lighter macro calendar, although we do have a speech from FOMC member Barkin, plus weekly crude inventories and a New Zealand rate decision.
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JamesIG,GBP 11 month lows - EMEA brief 7 August
JamesIG posted a blog entry in Market News,
Looking ahead, there are few events of note worth watching out for, with much of the eurozone data already released from Germany earlier this morning. Coming off the back of yesterday’s weak German factory orders number, this morning has seen a greater deterioration in German Industrial production and trade surplus than expected, in a clear response to the breakdown of trade with the US. Elsewhere, look out for the UK Halifax House Price Index (HPI) and Canadian Ivey PMI releases as the only events of interest. The corporate calendar is a little more interesting, with Walt Disney and Snap earnings due out later today.
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JamesIG,Trade Wars Re-upped, A Dollar Run and Apple's $1 Tln Market Cap - DailyFX Key Themes
JohnDFX posted a blog entry in Market News,
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JamesIG,Dividend Adjustments 6 Aug - 10 Aug
JamesIG posted a blog entry in Market News,
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JamesIG,German factory and PMI - EMEA brief 6 August
JamesIG posted a blog entry in Market News,
Looking ahead, there are precious few economic events of note, with the German factory orders deterioration (-4% from 2.6%) already seen this morning providing one of the only releases of interest. Also keep an eye out for the Sentix investor confidence figure for the eurozone. A similar story for the US session, with a Canadian bank holiday adding to the calm of the day.
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JamesIG,Apple $1,000,000,000,000 - EMEA brief 3 August
JamesIG posted a blog entry in Market News,
Looking ahead, today sees the heavy hitters come out on the economic front, with the UK services PMI reading due to bring substantial speculation over the UK economy’s largest sector. This will also have a knock-on effect upon GDP expectations. This PMI theme also carries into the US session, where the ISM non-manufacturing PMI reading comes out for the US economy. However, the biggest event of the day comes in the form of the US jobs report, with markets expecting to see payrolls move slightly lower and earnings to tick higher. On the corporate calendar, watch out for earnings reports from the likes of Berkshire Hathaway, and Kraft Heinz to close out the week.
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JamesIG,BoE Super Thursday - EMEA brief 2 Aug
JamesIG posted a blog entry in Market News,
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JamesIG,BoE interest rate decision 2nd August
247trader posted a topic in General Trading Strategy Discussion,
Second rate rise in 10 odd years. One thing’s for sure the banks are going to make bank (pun intended) if this comes through. Could be worth getting on the sector ETFs and short term stock swings. Steeper futures curve, better profitability on consumer debt / mortgages etc, whilst not as much of a pay out on banking interest, and latency in clients switching to bigger and better bank accounts."
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JamesIG,FOMC today - EMEA brief 1 August
JamesIG posted a blog entry in Market News,
That PMI theme will carry into the US session, with the Canadian and US ISM manufacturing PMI surveys released later on. We also see the first of the major data points from the US, with the ADP payrolls figure ahead of this evening’s FOMC meeting. Crude markets will also expect volatility, with the release of the US crude inventories data earlier on in the afternoon. On the corporate front, all eyes will be on Tesla as Elon Musk hopes to prove the firm can be profitable going forward.
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JamesIG,BoJ maintains policy - EMEA brief 31 July
JamesIG posted a blog entry in Market News,
A busy economic calendar saw a largely bearish picture for the Japanese economy, with a rise in unemployment coming alongside fall in industrial production and consumer confidence. Chinese PMI figures did little to enable a more bullish outlook, with a deterioration in both services and manufacturing readings.
The morning will largely focus in on the eurozone CPI and GDP figures, with core inflation expected to tick higher to 1%. On the GDP front, the only expected change comes in the year-on-year figure, with markets looking for a tick lower to 2.4% (from 2.5%).
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JamesIG,ESMA margin rules from July 30th
JamesIG posted a blog entry in IG Community Blog,
Please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification in the comments box.
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JamesIG,Trade War 'Relief', Key Rate Decisions and Apple Earnings - DailyFX Key Themes
JohnDFX posted a blog entry in Market News,
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JamesIG,BoE rate changes this week? - EMEA brief 30 July
JamesIG posted a blog entry in Market News,
Global markets are trading softer this morning with US Index Futures continuing Friday's decline which was led by the US Tech sector (after Twitter results disappointed). Looking ahead, today represents a very quiet day on the economic calendar, with little to no major events to keep an eye out for. As we enter the start of a new month, this lull will not last long, with events coming thick and fast towards the second half of the week. The dollar has firmed since Friday's strong GDP print. On the corporate front, watch out for earnings figures from Caterpillar, Loews Corp, and Electronic Arts. More results listed below.
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JamesIG,Dividend Adjustments 30 Jul - 03 Aug
JamesIG posted a blog entry in Market News,
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JamesIG,Twitter earnings today - EMEA brief 27th July
JamesIG posted a blog entry in Market News,
The corporate calendar remains busy, with Twitter earnings maintaining the focus on tech stocks today. Meanwhile, we also have the likes of Exxon Mobil, Chevron, Colgate, Merck, and American Airlines numbers to look out for.
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JamesIG,Post in ECB - European Central Bank
Caseynotes posted a post in a topic,
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JamesIG,US/EU trade talks go well - EMEA brief 26th July
JamesIG posted a blog entry in Market News,
European data has kicked off with the release of the German Gfk consumer climate number, which ticked moderately lower from 10.7 to 10.6. The eurozone focus will be maintained through the day, with today’s monetary policy decision from the ECB bringing heightened volatility and focus on the euro. We are unlikely to see any move from Draghi & co, yet this may not necessarily mean that we see the meeting pass without any fireworks. The US focus will be upon the impact of the EU-US trade deal, with many hoping this would become a blueprint for future dealings with China. On the calendar front, look out for core durable goods unemployment claims, and crucially the US trade balance data.
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JamesIG,How will the new ESMA rules affect my IG account?
JamesIG posted a blog entry in IG Community Blog,
On the back of the proposal and trader feedback ESMA drew up new regulations which are set to go live on August the 1st. To comply with these new regulations you may notice some changes on your IG account from the week commencing Monday July 23rd 2018. Although not all regulatory changes will affect all clients (for example some regulatory changes only affect specific instruments or account types), you can find a roadmap for these changes below.
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JamesIG,Turkish lira crash - EMEA brief 25th July
JamesIG posted a blog entry in Market News,
Banking shares continue to gain globally. Metro bank has said profits have quadrupled YoY in the first half, driven by continued strong growth in deposits, whilst UBS gave better than expected results yesterday. There are a number of prominent European banks set to release results this week, so keep an eye out for trade opportunities.
Oil gained yesterday as traders factored in an expected Chinese stimulus package, as well as concerns on the US/Iran tensions which could significantly disrupt oil supplies. For energy traders this would be a story to keep an eye on, along with weekly inventories at 3.30pm.
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