Our Picks

Friday’s upcoming US jobs report looks to bring a rebound in payrolls, with ADP and ISM surveys signalling a potential improvement after two months of weak NFP’s. Source: Bloomberg

GBP PRICE, NEWS AND ANALYSIS:
BOE rates out 12:00 GMT, let us know if you’ll be trading and what results you’re hoping for

GOLD, XAU/USD, FED, YIELD CURVE, NFP JOBS REPORT – TALKING POINTS:
Gold prices reacted to the upside following the Fed’s taper announcement.
Bullion traders eye Friday’s non-farm payrolls report for next directional move.
XAU/USD faces confluent resistance from key moving averages.

CRUDE OIL, OEPC+, FED, FOMC, BANK OF ENGLAND - TALKING POINTS:
Crude oil prices slid as the WTI contract traded under US$80 a barrel.
Post-FOMC environment is positive after all main US indices hit highs.
All eyes on the BoE and OPEC+ meetings. Has crude seen the top for now?

NIO’s share price has risen by close to 24% over the past month. Can its Q3 results provide a boost for share price? Source: Bloomberg

US DOLLAR, BRITISH POUND, GBP/USD, BOE, FED,CHINA, AUD/USD - TALKING POINTS:
The US Dollar has rallied against most G10 currencies this week ahead of the Fed.
APAC equities were mixed today, and generally, commodities have moved lower.
All eyes are on the key central banks’ meetings. Will the USD resume its uptrend?

The Federal Open Market Committee (FOMC) returns to the fold this week, with investors widely expecting to see the committee initiate tapering on a whopping $120 billion per month asset purchase programme. The two-day meeting concludes on Wednesday 3 November 2021.

CRUDE OIL OUTLOOK:
Crude oil prices may decline if the Fed dials up hawkish rhetoric.
OPEC+ unlikely to yield to US-led calls for faster output increase.
Chart positioning hints WTI momentum flagging at 7-year high.

GBP/USD PRICE, NEWS AND ANALYSIS:
GBP/USD is weakening ahead of tomorrow’s monetary policy decision by the US Federal Reserve and Thursday’s policy announcement by the Bank of England.
The Federal Open Market Committee is expected to decide to wind down its bond-buying program but opinions are divided over whether the Bank of England will increase UK interest rates or leave them where they are.

Week commencing 1 November
A busy week ahead sees the big focus on central banks and US jobs. Rate decisions from the Reserve Bank of Australia, Federal Reserve, and Bank of England bring expectations of FX volatility. Meanwhile, the release of US ADP payrolls, and unemployment claims pave the way for Friday’s jobs report. From a corporate perspective, earnings season continues in full flow. In Europe, watch out for figures from the likes of Ryanair, BP, BT and Sainsburys. Meanwhile, the US earnings look set to be dominated by the likes of Lyft, Starbucks, Moderna, and T-Mobile.

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 1st November 2021.

Post-earnings trade setups: HSBC, Ford, and Apple
With Q3 earnings season in full swing, HSBC, Ford, and Apple provide us with potential trading opportunities.
Source: Bloomberg

GBP/USD Price, Chart, and Analysis:
Tensions increase in UK/France fishing dispute.
Important BoE and Fed policy meetings next week.

USD, EUR, ECB PRICE ANALYSIS & NEWS:
Euro Bounce on Lagarde’s Marginal Pushback.
Eyes on Month-End Rebalancing.

Australian Bond Market:
GBP/JPY May Receive a Month End Boost.
ECB Unlikely to Provide Fireworks.

Palantir’s share price is up close to 7% year-to-date. Can its upcoming results lift sentiments?

EUR/GBP PRICE, NEWS AND ANALYSIS:
Trading in EUR/GBP will be dominated near-term by this session’s monetary policy announcement by the European Central Bank and its President’s news conference.
The ECB and President Christine Lagarde will likely remain dovish and that could weaken EUR/GBP and other Euro crosses.

With Tesla’s share price surging more than 17% over the past week, what may be on watch?

KEY TALKING POINTS:
EUR/GBP finds support as traders prepare for ECB and BOE meetings.
GBP hawkish expectations leave ample room for disappointment.

Candlestick patterns are important tools in technical trading. Understanding them allows traders to interpret possible market trends and form decisions from those inferences. There are various types of candlestick patterns which can signal bullish or bearish movements. This article will briefly touch upon what candlestick patterns are and introduce the top 10 formations all traders should know to trade the markets with ease.

S&P 500, Dow Jones, Nasdaq 100 Outlook.
China’s So-Called Lehman Moment.
Global Tapering Underway.

GBP/AUD PRICE, NEWS AND ANALYSIS:
Rising inflation has become an important driverof foreign exchange rates recently but data from Australia Wednesday showed a surprisingly large fall year/year.
By contrast, the scope for UK Chancellor of the Exchequer Rishi Sunak to boost the economy in today’s UK Budget will likely be held back by increases in inflation that have raised the cost of servicing the national debt.
That’s broadly positive for GBP/AUD as it approaches an important band of support after weeks of losses.

After updating its Q3 revenue guidance, the Beyond meat share price fell 15% on Friday to a 52-week low of $92. Have investors overreacted to weaker than predicted sales?

WHEN DOES FACEBOOK REPORT EARNINGS?
FACEBOOK EARNINGS – WHAT TO EXPECT
FACEBOOK SHARES – TECHNICAL ANALYSIS

HSBC rides out China property storm with 74% profit jump, $2 bln buyback

Q3 profit rises to $5.4 bln on better loan outlook
Costs set to tick up to $32 bln as inflation bites
$2 billion share buyback to begin shortly
London shares rise 1%, touch 4-month high