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

US Non-Farm payrolls released: APAC brief - 8 Jul
Market sentiment: The prevailing wisdom in the market was challenged on Friday night, and it resulted in a small shift in fundamentals. US Non-Farm payrolls were released, and despite the overarching bearishness towards the US economic outlook currently, managed to exceed expectations. Granted, the unemployment rate ticked higher and wages growth fell. But the jobs change figure revealed a much better than expected 224,000 jobs were added to the US economy last month. The results naturally weren’t enough to bring-about a wholesale revision of US economic fundamentals. However, it’s forced markets to question whether the need for rate cuts this month from the Fed is truly justified.

 
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A lackluster night of market action: APAC brief - 5 Jul
A lacklustre night of market action: The Independence Day holiday in the US kept trading activity relatively thin. The ASX200 clocked another new-high, breaking the 6700-level for the first time since November 2007, led by a big, broad-based bounce in the shares bank’s stocks. Equity markets across the global generally eked-out gains for the day, while bond yield were reasonably steady. The Yen and Swiss Franc were the slight outperformers in the G10 currency space, while commodity currencies slipped, presumably as risky positions were closed-off for the day-off. With this as the market’s overnight lead, SPI futures are indicating that the ASX200 ought to open around 5 points higher this morning.

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Another record-reaching session: APAC brief - 4 Jul
US stocks have notched-up another record high, as the S&P500 closes in on the 3000-mark. The ASX200 yesterday came close to its own psychological milestone, nearing the 6700-level. The highs came on a light-day’s trade on Wall Street, however, with US markets trading-in a shorted session in ahead of the Independence Day holiday. Currency markets were more volatile, with commodity currencies climbing courtesy of several positive trade balance data out of New Zealand, Canada and Australia. And the US Dollar dipped, following the release of soft ADP employment data, and a Tweet from US President Trump accusing Europe and China of currency manipulation.
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Stocks wander, bonds rally, oil tumbles: APAC brief - 3 Jul
Equity markets edged higher overnight, however activity was generally thin, as fresh news and data proved lacking. Market behavior suggests global growth concerns have returned to prominence: bond yields fell across the globe, with the yield on the benchmark US 10 Year Treasury note falling below 2 per cent again. Defensive sectors generally outperformed on Wall Street. Oil tumbled, while gold staged a bounce. And the USD was a little weaker, though it was somewhat supported by mixed trading in the Euro, which sold-down on news that Christine Lagarde would be the next head of the European Central Bank.
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Trade wars aftermath; seasonality; setting up official 2Q GDP - DailyFX Key Themes
Trade wars aftermath; seasonality; setting up official 2Q GDP - DailyFX weekly key themes on Community
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G20 bolsters sentiment: APAC brief - 2 Jul
G20 outcome bolsters sentiment: Market activity was defined by a demonstrable lift in risk appetite yesterday. Stock markets rallied, especially in China, and the S&P500 touched new all-time highs. The Yen dipped, as did the Swiss Franc. The stronger Greenback combined with the lift in global bond yields knocked gold prices down below the $US1400-mark. And oil rallied – boosted, too, by the prospect of coordinated supply controls from OPEC-members at their meeting this week. While the positive growth sentiment, combined with news of falling export volumes here in Australian, drove the price of iron ore over 4 per cent higher, and to another new high.
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Make sure your MT4 platform is up to date (build version 1170 or above)
As a reminder, from July 1st, 2019, MetaQuotes (the company behind MT4) will end support for all MetaTrader 4 platform components below 1170. Old terminal versions will not be able to connect to broker trading servers, while servers running under old versions will no longer receive updates. You need to make sure your build is version 1170 or above which was originally released on December 20th 2018.
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G20 Summit goes to plan: APAC brief - 1 Jul
G20 Summit goes to plan: Financial market participants will be relieved by the outcome of the Trump-Xi meeting at the weekend’s G20. They’ve effectively received what they’d been expecting: no-deal of course, but a pledge to restart talks and not increase tariffs in the interim. As has been discussed by many, this is likely to be just the latest chapter of what’s going to be an epic tale for US-China relations. And it doesn’t, in the shorter-term, completely remove the headwinds faced by the global economy courtesy of the existing tariffs. But things aren’t getting any worst, for now, which means what touch of uncertainty for markets has been resolved.

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G20 begins APAC brief - 28 Jun
G20 Summit begins: Market attention turns, almost singularly, to this weekend’s G20 Summit, today. There are numerous issues with significant financial market and global economic implications to be discussed at the event – the general concern about a global economic slow-down the overarching one. But of course, at the centre of everything, almost eclipsing the Summit’s primary purpose, is the highly anticipated meeting on Saturday afternoon between US President Donald Trump, and Chinese President Xi Jinping. For markets, the outcome to this meeting guides the future direction of the global economy, and the fundamental strength of financial markets.

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Stocks flat, currencies shuffle APAC brief - 27 Jun
Wall Street equities closed effectively flat, while bond yields climbed, commodities generally lifted, and currency markets shuffled into place, as markets continue to position for this week’s massive G20 meeting in Osaka. Bitcoin is going on a tear, breaking through $US13,000 overnight – though tumbling in early trade this morning as choppiness sets into that market, and pulling back by over 10% since.
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ASX edges higher, Aussie Dollar pops on RBA comments - APAC brief 25 Jun
ASX edges higher: The ASX200 edged higher yesterday, as what is a technically overbought market recovered some of its Friday losses. Upside momentum has clearly cooled for the local stock market, ahead of a week heavily geared towards positioning for this weekend’s G20 meeting. Overall, it must be said it was a low impact and low activity day’s trade yesterday. Consumer stocks were most responsible for the day’s losses, sapping around 4 points from the ASX200, while Real Estate and bank stocks lead the market’ gains, following signs of improvements in clearance rates over the weekend in the Melbourne and Sydney housing markets. 


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Dividend Adjustments 24 June - 01 July
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24th June 2019. 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. 
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Post in Indices
"Trump pulls back from starting air strikes on Iran after Congress gave the go ahead. Revealed that US and China negotiators are unprepared and scrambling to come up with something to agree on for next weeks G20 meeting. Dow pulls back under 26708."
Central bankers throw weight around: APAC brief 21 June
Other central bankers throw their weight around: After the US Fed exited the ring yesterday, some of the world’s other heavyweight central-bankers weighed-in on the global race-to-the-bottom for global interest rates. The BOJ met yesterday, and though they kept their policy entirely untouched, it Governor Haruhiko Kuroda affirmed his commitment to monetary stimulus if necessary. RBA Governor Philip Lowe also delivered a speech, in which he was explicit in his belief that lower interest rates were necessary to absorb “spare capacity” in the labour market”.  And the Bank of England met last night, left interest rates on hold, but downgraded its forward-outlook, prompting increased bets of a rate-cut from the BOE this year.
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FOMC 19th June 2019 - 1900 BST - watch IGTV Live
Slim but notable chance of a rate cut by the Fed this evening (1900 UK time).
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Post in Is spread betting for fools?
What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? 20 Questions For Help Building a Trading Plan.
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APAC brief - 17 June
The climax of last week’s trade was Friday night’s US Retail Sales data release. As is well known, sentiment in the market centers around concern for the state of the global economy. As the biggest component, of the world’s biggest economy, US consumption data was hotly awaited to test the thesis that the global economy is winding down for another cycle. As it turns out: right now, those fears are very slightly exaggerated, if the US Retail Sales data was anything to go-by. Core Retail Sales came-in bang on expectations at 0.5%, taking the annualized figure to around 3.2 per cent.
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Dividend Adjustments 17 June - 24 June
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17 June 2019. 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. 
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Fed rescue expectations; trade wars; Euro stability - DailyFX Key Themes
With the US Dollar losing viability owing to its pursuit of trade wars that undermine global stability, the Pound plagued by a directionless Brexit and the Japanese Yen lost in a deflationary quagmire, there is an acute need for a stable benchmark currency. Despite its many fundamental shortcomings, the Euro showed itself willing to offer an outlet for liquidity over the past few years as the recovery from the region’s sovereign debt crisis between 2009 and 2012 seemed to offer a sense of hard-fought stability that was prized above all else.
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Dividend Adjustments 10 June - 17 June
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10 June 2019. 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. 
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Post in Stock market turning points - are we there yet?
Start your week with an overview of the markets from one of our Community members.
Aussie growth underwhelms: APAC brief 7 June
Aussie growth underwhelms: Australian GDP data was the highlight of the economic calendar yesterday. All-in-all, the data was of minimal impact, though it did for make big headlines: the growth rate came-in at 1.8 per cent on an annualized basis, as expected – the slowest rate of economic growth since the GFC. A poor print undoubtedly, but one that had been priced into the market well in advance. Hence, markets were little moved upon the release. The ASX200 hardly budged. The Australian Dollar lifted very slightly, and temporarily tussled with the 0.7000 handle. And interest rate markets increased very marginally the probabilities of more RBA cuts by year-end.

Where the weakness is: The data was more of interest for economists and other pedants. And there were some interesting takeaways from the release. As is well known, one of the major headwinds for domestic growth is private consumption, which continued to show signs of slowing. The savings ratio also lifted, as consumers seemingly opted to defer spending and pocket their modest pay rises. More than just demand side concerns, there was also a noteworthy drag on growth from the supply side. Dwelling investment also contracted in the last year, in line with what has been a well-publicised slowdown in construction activity, and sustained falls in the property market.

Where growth is coming from: The GDP data wasn’t without its silver linings, of course. A series of factors leapt-out as the primary drivers of growth in the Australian economy in the past 12 months. It was largely improvements in the nation’s terms of trade, courtesy of the major multi-month rally in iron ore, followed by big government spending measures, mostly in form of the NDIS and other health services, that proved the greatest contributors to growth. Though welcomed, to be sure, the areas of Australia’s economy sustaining growth speaks of a country currently working below its capacity, and in need of some sort of a boost.
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Chart on mobile Android app not working
A recent Google Chrome roll out has had a negative impact on the IG android app. This recent change has meant that charts, among other things, are not loading. Please check the following thread for more info.
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Trade wars grow more global; Dollar reserve risks; a host of fundamental themes - DailyFX Key Themes
In a surprise move, the United States is now fighting a full trade war on two fronts as of this past week. With the path to a US-China compromise still lacking any clear hand holds, US President Donald Trump announced a wholly unexpected  economic move against neighbor Mexico this past Thursday evening. According to his tweet, the United States would charge a 5 percent import tax on ALL Mexican goods coming into the country as of June 10th. He further made clear that this was move not in retaliation for trade issues – in fact conditions had seemed to improve significantly on that front with the US dropping the steel and aluminum taxes on both of its direct neighbors in a bid to push through the USMCA agreement.
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Dividend Adjustments 3 June - 10 June
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 3 June 2019. 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. 
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