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Top content from across the community, hand-picked by us.
JPY hedging activity surges ahead of Golden Week - EMEA Brief 24 Apr
Guest IG-Andi posted a blog entry in Market News,
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Guest,Wall Street clocks new highs: APAC brief 24 April
MaxIG posted a blog entry in Market News,
Can the good times last? The natural question to ask in these circumstances is: how far further can this run? This is especially pertinent give that the last two occasions Wall Street hit record levels, it was followed by major market corrections. A familiar point too: the previous market pullbacks were characterized by the evacuation of momentum chasers from the market, after US indices began to test “overbought” levels, somewhat like they are beginning to do now. The growth and earnings outlook then, as compared to what it is currently, was also much more favourable, giving credence to the notion that this market isn’t being supported by strong enough fundamentals.
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MaxIG,Oil Prices Surge as Trump Cuts Iran's Oil Exports - EMEA Brief 23 Apr
GeorgeIG posted a blog entry in Market News,
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GeorgeIG,APAC brief 23 April
MaxIG posted a blog entry in Market News,
Stocks tread water as US earnings news pauses: SPI Futures are pointing to a very modest jump for the ASX200 this morning of 5-points, after a more-or-less flat session on Wall Street. The S&P500 added a paltry 2-points, or-so, during North American trade, as the steady flow of corporate earnings that began last week was suspended for the holiday-break. The relative lull in price action speaks-of a market primarily preoccupied with company earnings – despite ample market moving news impacting individuals market sectors. As has been said before: traders are searching for validation from US corporates that earnings, along with global growth, can be expected to turnaround.
Data supports US economic outlook: To an extent, such a view is being priced-in marginally, at least as it applies to the US economic growth. US GDP figures will punctuate the end of this week’s trade; but in the lead-up, rates and bond markets have been slightly upgrading their outlook for US growth. Much of this centred on the US Retail Sales print last Thursday night, which surprised considerably to the upside, and alleviated some of the concerns relating to the state of the American consumer.
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MaxIG,Could the price of pork increase by 78% in China by 2020? - EMEA Brief 18 Apr
Guest KatherineIG posted a blog entry in Market News,
Global PMIs come into focus today, with eurozone and US figures released in the wake of a poorer Japanese number this morning. Pinterest has priced its IPO at $19 per share, above the previously indicated range but still lower than in private funding rounds two years ago.
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JamesIG,China’s data inspires relief: APAC brief 18 Apr
MaxIG posted a blog entry in Market News,
The global economy’s resurrection? The Chinese data has added further credence to the notion that China’s economy, and therefore that of the rest of the globe, isn’t about to fall off the cliff. Judging by the improvement in the numbers, policymakers intervention and receptiveness to market and economic trouble, not just in China but globally, is apparently feeding through into economic activity. Although global equities, and especially Chinese equities, resisted reacting to the good news – the lower likelihood of greater monetary stimulus can explain that one – growth exposed assets conveyed the market’s greater optimism and risk appetite, boding well for risk-assets into the longer term.
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MaxIG,Drag to set your stops and limits on charts before you have placed a deal (and view % change in HLOC)
JamesIG posted a blog entry in IG Product Updates,
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JamesIG,US Equities Rise as Corporate Earnings Season Continues - EMEA Brief 17 Apr
GeorgeIG posted a blog entry in Market News,
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GeorgeIG,ASX to keep trading on own themes: APAC brief 17 Apr
MaxIG posted a blog entry in Market News,
A dovish tilt from the RBA? Not that such themes were entirely absent in the local market yesterday, just that they proved insufficient to markedly change the narrative for the ASX. The RBA’s meeting minutes were released yesterday, and more-or-less confirmed the suspicions of market participants: the central bank is entertaining the idea of possible interest rate cuts in the future. Always the first to take the conservative route, the RBA was clear to state it merely discussed under what circumstances a rate cut would be necessary and were explicit in their view that such a set of circumstances aren’t present within the Australian economy right now.
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MaxIG,Penny Stocks
Guest williambedwell posted a topic in Shares and ETFs,
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JamesIG,Wall Street Slips After Lackluster Bank Earnings - EMEA Brief 16 Apr
Guest JoeIG posted a blog entry in Market News,
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Guest,Earnings optimism: APAC Brief 16 Apr
MaxIG posted a blog entry in Market News,
Sluggish trade on Wall Street: The activity on Wall Street overnight was very much of the “let’s-now-wait-and-see” variety. The behaviour is sensible and based on a sound enough logic. Earnings seasons are a long-slog, with the possible arduousness of this reporting period even greater given the prevailing global economic backdrop. The return of thinner trade conditions, which of course were attributable in part to a level of Monday-itis, betrayed this cautiousness during the North American session. Volumes were below average, and market-breadth was meagre: 38.8 per cent of stocks were higher across Wall Street, with only 4 out of 11 sectors registering gains for the session.
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MaxIG,Post in Earnings Calendar
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JamesIG,Nike celebrate as Tiger Triumphs - EMEA Brief 15 April
MichaelaIG posted a blog entry in Market News,
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JamesIG,Activity lifts to end last week: APAC brief - 21 Mar
MaxIG posted a blog entry in Market News,
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JamesIG,Uber files for IPO ahead of corporate earnings season today - EMEA Brief 12 Apr
GeorgeIG posted a blog entry in Market News,
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GeorgeIG,APAC brief - April 12
MaxIG posted a blog entry in Market News,
Market fundamentals take priority: Hence, we meander into this Friday having acquired some useful information about the world, but little in market pricing to show for it. It’s been said before (in fact, it’s been said a lot this week): market participants have developed a singular fixation on upcoming US earnings. And perhaps rightly, and comfortingly so: in a world where markets are dominated, even distorted, by macro-drivers and central bank policy, right now, company fundamentals matter more. It may seem trite to suggest so; however, it would be imprudent to underestimate how overwhelmed fundamentals become in a market dominated experimental monetary policy.
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MaxIG,UK economy grows amid Brexit stockpiling - EMEA Brief 11 Apr
Guest DanielaIG posted a blog entry in Market News,
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JamesIG,Event risk passes with no surprises: APAC brief 11 Apr
MaxIG posted a blog entry in Market News,
Fed the highlight overnight: Nevertheless, the knowledge that monetary policy from the world’s largest central banks will remain supportive is a necessary precondition to any rally in equity-markets. Last night’s trade, and the data that was released and monitored within it, spoke of such a necessity. Naturally, it was the words of the Fed that held the greatest weight – this time, contained within their latest monetary-policy minutes. The information contained within them wasn’t new; however, it did confirm the stance makes have recently savoured. The majority of the Fed saw the need to remain qualifiedly “patient” in the face of “significant uncertainties”.
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MaxIG,Platinum under pressure as workers prepare to strike - EMEA Brief 10 Apr
Guest IG-Andi posted a blog entry in Market News,
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Guest,APAC brief - 10 April
MaxIG posted a blog entry in Market News,
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MaxIG,Trump Threatens Tariffs on EU Goods; Oil Continues to Rise - EMEA Brief 09 Apr
GeorgeIG posted a blog entry in Market News,
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GeorgeIG,APAC brief - 9 April
MaxIG posted a blog entry in Market News,
A backloaded economic calendar: The reasoning behind the lukewarm day on Wall Street overnight, aside from just being a Monday, is the economic calendar is backloaded this week. There seems to be a reluctance to get ahead of the data; with the preference being to position for it and react to it as it comes. US CPI data and FOMC Minutes will be the releases for US markets, and will, for the bulls, ideally confirm without qualification the Fed’s need to stay-put on interest rates. But Brexit-drama will also be closely monitored, as we creep ever-closer to the April 12 Brexit-deadline; as will the IMF’s economic updates due mid-week, and the ECB’s Monetary Policy meeting, for insights into the global growth outlook.
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MaxIG,Post in Indices
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JamesIG,Post in Stock market turning points - are we there yet?
Mercury posted a post in a topic,