Our Picks

US DOLLAR, GOLD, CRUDE OIL, DOVISH FED, JACKSON HOLE AFTERMATH - TALKING POINTS:
The Jackson Hole symposium managed to deliver some action.
APAC equities slightly higher, joined by commodities and other currencies.
Undermined US Dollar boosts commodities. Where to for gold?

The end of the August holiday period sees the return of more important economic data, including the monthly US job surveys, the ADP and NFP reports. The NFP report is expected to show a slowdown in job growth, but at a still-strong pace, while the ADP report is forecast to show an increase in job creation. Other key data include Chinese PMI figures for August and US ISM PMIs for the same month. Earnings news is still quiet, but UK retailer Superdry and housebuilder Barratt Developments report full-year numbers. Video

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30th August 2021. 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.


NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a <br style="background-color:#ffffff; color:#262629; font-size:14px; text-align:center">cash neutral adjustment on your account.

                                                                                           

Special Dividends

 


 


 


 









Index

Bloomberg Code

Effective Date

Summary

Dividend Amount

TOP40

GLN SJ

01/09/2021

Special Div

0.04 USc

UKX

GLEN LN

02/09/2021

Special Div

0.04 USc

RTY

RMR US

02/09/2021

Special Div

7

SPX

PXD US

02/09/2021

Special Div

1.51


How do dividend adjustments work? 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Zoom prepares to report Q2 earnings, but will the gradual easing of restrictions hinder its growth path? Zoom reports earnings for the second quarter (Q2) of their fiscal year after market close on Monday August 30, 2021.

USD Price Analysis & News:
All Eyes on Fed Chair Powell.
Fed Hawks Out in Force.

S&P 500, VXX AND EURURSD TALKING POINTS:
Heading into the final trading day of the week – but still in the thick of the liquidity doldrums –Fed Chairman Powell’s statement and the PCE update are a beacon.
The S&P 500 and most other risk-leaning assets swooned this past session as market participants readied for this week’s top event risk.
Considering the Fed is actively attempting to avoid market volatility and there is still more than a week until the end of the market’s ‘summer’, is there potential for a serious trend?

EUR/USD, FED, POWELL, INFLATION, US DOLLAR, CHINA, JACKSON HOLE - TALKING POINTS:
Markets remained subdued ahead of the Jackson Hole symposium.
Fed-speak around inflation expectations will be closely watched.
EUR/USD liquidity may be short on surprises. Will the Euro downtrend resume?

British Pound (GBP) Price Outlook:
US dollar holds the key to the next GBP/USD move.
UK new covid cases continue to rise.

Hang Seng Index is down close to 6.5% year-to-date. Does its recent bounce indicate a longer-term shift in sentiments?

NASDAQ PRICE, CHART, AND ANALYSIS:
Tech stocks may be betting on Jay Powell delaying a taper timetable announcement.
Meme stocks back in the spotlight.

The long-term outlook highlights a propensity for gold to outperform. However, with treasury yields on the rise, could we be set for a period of relative silver strength?

Tapering talk looks likely to dominate the Jackson Hole Symposium, but recent FOMC minutes highlight the potential for volatility given growing uncertainty.

We're happy to announce that both Super Trend and Volume Weighted Average Price Indicators are now available to use on the web platform and mobile app. 

READING CANDLESTICK CHARTS – TALKING POINTS:
Candlestick charts differ greatly from the traditional bar chart.
Traders generally prefer using candlestick charts for day-trading because they offer an enjoyable visual perception of price.
It’s important to understand the key components of a candle, and what they indicate, to apply candlestick chart analysis to a trading strategy.

GOLD, XAU/USD, US DOLLAR, JACKSON HOLE - TALKING POINTS:
Gold prices point higher as the trading week kicks off.
Bullion investors sharply focused on Jackson Hole.
Chair Powell’s signal on tapering key to XAU direction.

A slight reprieve for equity markets late Friday has continued into this week as Asian indices see broad-based gains. However, concerns over the global outlook remain amid the ongoing slowdown across China, while the rising spread of the Delta variant also adds to this fragile sentiment. The bounce back in equity markets had largely stemmed from comments made by Fed’s Kaplan who noted that if the Delta variant would be persistent or start to affect demand, they would have to adjust policy views accordingly. This is noteworthy as not only is it the first Fed official to notably signal that the Fed’s outlook could be altered by the current path of Covid cases, but also Kaplan is among the most hawkish members at the bank and thus this sentiment may be shared by the more moderate members.

EQUITIES ANALYSIS & NEWS.
Focus on taper talks at the Jackson Hole Symposium.
Equities to remain sensitive despite expectations being almost certain.
Key levels to watch in the DAX 30 and S&P 500.

Flash PMIs from around the globe will provide some insight into the global economy, but the main event will be the Jackson Hole Economic Symposium, at which the Fed is expected to provide more details of its tapering outlook. Corporate data is mostly quiet, with little in the way of big name earnings, as might be expected for the final full week of August.

FTSE 100, FED TAPER, ECB, DELTA VARIANT, COMMODITIES, OIL – TALKING POINTS:
FTSE extends recent decline, falling in each of the last six sessions.
Continued declines in oil and other commodities dampened sentiment.
Fears over a 2021 taper from the Federal Reserve have caused equities to wobble of late.

CENTRAL BANK WATCH OVERVIEW:
While some semblance of stimulus reduction has already begun, the BOE doesn’t seem to think inflation pressures are anything more than transitory.
The ECB doesn’t meet again until September, though there has been plenty of signaling that extraordinary policy measures will be sticking around.
Retail trader positioning suggests that EUR/USD has a bullish bias while GBP/USD has a bearish bias.

With JD.com’s share price having fallen by close to 25% year-to-date, can its upcoming Q2 results lift sentiments?

Tencent H1 2021 results have beaten consensus estimates, although online gaming revenue lags the FinTech and advertising divisions.

Traders need to learn how to navigate volatile markets by implementing a solid trading plan and adopting sound risk management. This article provides effective tools for traders looking to trade post release.

FOMC meeting minutes Key points:
FOMC minutes show that policy makers are divided on the pace of monetary tightening.
Economic growth is expected to remain strong in 2021.
The rise in inflation is expected to be transitory, although elevated levels could persist for longer than originally anticipated.
Employment remains below pre-pandemic levels and requires ‘substantial progress’ to reach ‘maximum employment’ (4.5%).
The Jackson Hole Symposium commencing on the 26th of August is expected to reveal updated insights from Federal Reserve members.
The dollar has renewed its strengthening trend post the FOMC minuet release.

FOMC MINUTES, US DOLLAR (DXY), AUSTRALIA JOBS, AUD/USD – TALKING POINTS:
The US Dollar eventually found friends after the FOMC minutes.
Asia Pacific equities followed Wall street lower as risks loom.
Australian unemployment falls, but how much further will AUD/USD drop?