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British Pound (GBP) Price Outlook: GBP/USD Brushes Off Government Setback
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD looks to be stabilizing after its losses over the past few sessions caused principally by US Dollar strength.
So far, the pair has largely ignored setbacks for UK Prime Minister Boris Johnson but there’s a risk that it could suffer further if the pressures on him continue to grow.
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Crude Oil Prices Up on Limp Reserves Release, PCE and FOMC Minutes Eyed
CRUDE OIL OUTLOOK:
Crude oil price up as world powers underwhelm with reserves release plan.
US PCE inflation, FOMC meeting minutes eyed for Fed policy outlook cues.
Rebound fails to overcome past resistance, keeping focus on the downside.
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WTI reverses higher as markets see weakness in decision to release strategic oil reserves
A coordinated release of strategic oil reserves has done little to help drive down crude oil prices, with energy instead looking to break out from its recent bearish phase.

Source: Bloomberg
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Turkish Lira Continues Blowout Nearing 20% Daily Decline, ZAR Caught in its Wake
EMERGING MARKET CURRENCY ANALYSIS:
The Turkish Lira drops nearly 20% on the day, tainting EM currencies across the board.
USD/ZAR trades higher despite attempt to halt the EM slide.
IT’S NOT A CRYPTOCURRENCY, IT’S THE TURKISH LIRA
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Gold Price Outlook – Sellers Remain in Control as US Treasury Yields Jump
GOLD PRICE (XAU/USD), CHART, AND ANALYSIS:
UST 2-year yields are back at highs last seen in March 2020.
Gold breaks below $1,800/oz.
Wednesday’s US PCE release the next driver for the precious metal.
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British Pound (GBP) Price Outlook: GBP/USD May Fall Further as USD Strength Persists
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD has been falling steeply since Friday, largely due to USD strength.
That weakness could well persist as the pair nears critical support levels.
The UK flash purchasing managers’ indexes (PMIs) for November, released this session, came in above economists’ expectations but had no impact on GBP.
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Black Friday & the Stock Market: Economy, Consumers & Shares
First it was known for the Black Friday stock market crash – then for being the biggest shopping day of the year. The meaning may have evolved, but today, Black Friday is still a subject for stock market scrutiny. Which retailers look set to benefit? What can we learn from the price action of past years? And what factors help you trade the period? We’ll find out. But first, a history lesson.
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US Dollar Leaps on Fed Re-Nomination Pumping Up Treasury Yields. Will USD Keep Going?
US DOLLAR, FED, POWELL, TREASURY YIELDS, CRUDE OIL, OPEC+ - TALKING POINTS:
The US Dollar rode higher as US yields rose across the curve.
Crude oil prices recovered after OPEC+ threw a curve ball.
With Thanksgiving almost here, where will USD go on holiday?
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Lockdown fears hit IAG shares
IAG has given up much of its post-lockdown share price gain, and with the prospect of tighter restrictions worrying investors the shares continue to struggle.

Source: Bloomberg
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US Dollar Technical Outlook Remains Bullish
USD TECHNICAL OUTLOOK:
DXY tested and held slope from June.
Currently trading in open space with room to run.
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British Pound (GBP) Outlook – EUR/GBP Clinging on to Multi-Month Support
GBP/USD PRICE, CHART, AND ANALYSIS:
Covid lockdowns a headwind for the Euro.
Bank of England chief economist open to larger interest rate hikes.
Hefty retail positional changes over the last week.
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S&P 500, Dow and Nasdaq Show Haywire ‘Risk’, Dollar Charged for Biden’s Fed Chair Decision
S&P 500, NASDAQ 100, DOW, DOLLAR AND NZDJPY TALKING POINTS:
The S&P 500 has worked its way into a terminal wedge that will have to break as it runs out of room, but the Dow and Nasdaq 100’s divergent paths make resolution unclear.
While the Thanksgiving holiday will create serious seasonal distortions in the market, monetary policy remains a driving theme with the Fed Chair pick a center point.
Other key market concern ahead includes; the RBNZ rate decision expected to end with a 25bp hike; attention shifting back to rising Covid cases and China’s unresolved risks.
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Powell versus Brainard: Next Fed Chair Pros and Cons
FED CHAIR NOMINATION TALKING POINTS:
US President Joe Biden is expected to make his decision on who will be the next Fed Chair in the coming days.
Current Fed Chair Jerome Powell’s term is set to end in February 2022 if he’s not reappointed to another four-year term.
If Powell is not reappointed, current Fed Governor Lael Brainard is seen as the mostly likely alternative.
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The Week Ahead On The Markets
Flash PMIs from around the globe dominate the week in terms of economic data, along with US durable goods orders and the German IFO index. The second half of the week is likely to be quieter thanks to the US Thanksgiving holiday. Key corporate names to watch this week include Zoom, HP and Gap in the US, and Compass and AO World in the UK.
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Backtesting Feedback
What features/tools and trading strategies do you like and want to be able to use for backtesting? Please kindly share what you will be backtesting on your trading strategies for example scalping, day trading, swing trading, position trading, algorithmic trading or event-driven trading strategies and indicators used in your trading strategies as well.

Please kindly share your valuable & useful feedback. We will forward this to our development team.

We would love to hear from you!
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GBP/USD Outlook - Sterling Propped Up by Data But US Dollar Strength Controls Cable
GBP/USD PRICE, CHART, AND ANALYSIS:
UK retail sales data a positive for the British Pound.
EU-UK talks seem to be progressing.
US dollar strength holding back GBP/USD.
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Japanese Yen Looks to Consolidate Against the US Dollar After Making New Lows. Can USD/JPY Go Higher?
JAPANESE YEN, USD/JPY, US DOLLAR, US TREASURIES, HANG SENG, FED - TALKING POINTS:
The Japanese Yen is caught between bullish momentum and resistance levels.
APAC equity indices mostly moved slightly higher except for the Hang Seng Index.
The US Dollar has gyrated to Treasury yield swings, will that drive USD/JPY?
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Dividend Adjustments 22nd November 2021 - 29th November 2021
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd November 2021. These are projected dividends and likely to change. IG cannot be held responsible for any changes made.
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Crude Oil Price to Remain Capped on Strategic Reserve Release Talk
CRUDE OIL PRICE, CHART, AND ANALYSIS:
US President looking for coordinated action on oil stockpiles.
Crude oil will remain capped as discussions continue.
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British Pound (GBP) Price Outlook: GBP Strength at Risk From Political Turmoil
GBP PRICE, NEWS AND ANALYSIS:
GBP has been outperforming even a firm US Dollar over the past few sessions, with EUR/GBP falling steeply.
That’s despite a row over second jobs for members of the UK Parliament and sleaze allegations centering on the ruling Conservative Party that could weaken the Pound longer term.
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Canadian Dollar Down on CPI and Yields as Risk Turns Off. Will USD/CAD Keep Rising?
CANADIAN DOLLAR, US YIELDS, CRUDE OIL, NZD/USD, AUD/USD - TALKING POINTS:
The Canadian Dollar got hit by bond traders’ expectations being disappointed.
APAC equities were listless, undermined after a risk-off sentiment lead from the US.
Crude oil fell, gold held and commodity currencies softened. Where to for USD/CAD?
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EUR/USD Rate Selloff Pushes RSI Into Oversold Territory
EUR/USD RATE TALKING POINTS:
EUR/USD is on track to mark a six day decline as it trades to a fresh yearly low (1.1263), and recent developments in the Relative Strength Index (RSI) raises the scope for a further depreciation in the exchange rate as the indicator crosses below 30 to push into oversold territory.
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IG Charts Request Poll
Your Poll vote matters:
Hello IG Community! We are working towards making IG trading platform charting developments better to provide a good user trading experience.
Why? We strive to provide our clients with the best charts, therefore your feedback is important to us and we will pass on your feedback to our development team. 
We would appreciate it if you could take part in the poll as we are continuously working on adding more chart features to our IG trading platform to make your trading experience better. 
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US Dollar (DXY) Posts a Fresh 16-Month High Ahead of a Cluster of Fed Speakers
US Dollar Price, Chart, and Analysis:
US dollar basket spikes above 96.00.
Multiple Fed speakers on the docket.
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Dollar Index (DXY) Soars on Data and Hawkish Fed Lifting Yields. Can USD Fly Higher?
US DOLLAR, TREASURY YIELDS, FED, BULLARD, AUD/USD, CBA, USD/JPY - TALKING POINTS:
The US Dollar continues to break new ground as momentum gathers.
Encouraging economic data and hawkish comments boost yields and USD.
Commodities and currencies weaken against the Dollar. Will USD keep going?
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