Our Picks
Top content from across the community, hand-picked by us.
Planned interview with Jim Rogers
JamesIG posted a topic in General Trading Strategy Discussion,
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JamesIG,Chinese factory activity shrinks again- EMEA Brief 01 Mar 2019
Guest KatherineIG posted a blog entry in Market News,
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Guest,Chinese bull run - APAC brief 1 March
MaxIG posted a blog entry in Market News,
Chinese (and global) growth: First, the darker side of (the all too crude) binary: a view on what’s happening in China and the world ex-American economy. The Asian session yesterday was preoccupied first by political theatrics, then macroeconomic information. The Cohen testimony gripped attention, however proved more a distraction as far as traders’ were concerned. The falling apart of the Trump-Kim talks in Hanoi disturbed markets, mostly in North-East Asian markets, such as the KOSPI, before the conclusion was drawn that a grand-peace pact between the US and North Korea was an absurd fantasy to begin with. The true focus was on China’s PMI numbers during our Asian trade – and how, once more, very disappointing they were.
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MaxIG,Post in Indices
Caseynotes posted a post in a topic,
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JamesIG,Short summit with no agreement- EMEA Brief 28 Feb
Guest KatherineIG posted a blog entry in Market News,
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Guest,Global geopolitics: APAC brief 28 Feb
MaxIG posted a blog entry in Market News,
In Washington: The most salacious news that had traders’ interest excited last night took place in the halls of US Congress. No, not the testimony of US Fed Chair Jerome Powell – though his words are of far greater import to markets. It was instead the unfolding Michael Cohen testimony, at which the disgraced lawyer has cast a series of accusations and aspersions toward US President Donald Trump, on issues ranging from Russian ties, electoral fraud and hush payments. On the face of what’s been said, the revelations are potentially monumental. However, although demonstrating signs of nervousness in the lead up to the testimony, as it unfolded, financial markets have seemingly shrugged off the possible implications of that event.
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MaxIG,'Spend It Well'; M&S and Ocado Confirm £750m Deal - EMEA Brief 27 Feb
GeorgeIG posted a blog entry in Market News,
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GeorgeIG,Wall Street trade - APAC brief 27 Feb
MaxIG posted a blog entry in Market News,
US traders search for leads: Momentum has certainly slowed across US equity indices, adding to the sense that the market has lost upside conviction. Neither the MACD nor the RSI are flashing conspicuous sell signals, but the former is conveying a gradual downside turn, while the latter is flirting with oversold territory. A lack of high impact news, or any general surprises, has deprived US equity markets’ of fuel to further power its rally. Rosy trade-war headlines no longer appear enough to embolden bulls and invite buyers into this market. And the Fed’s back-down to market-pressure over monetary policy settings implies that fear about tightening financial conditions has more-or-less been parked to one side for the foreseeable future.
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MaxIG,Trade war end and recession; central bank testimony; another Brexit milestone - DailyFX Key Themes
JohnDFX posted a blog entry in Market News,
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JamesIG,Barrick Gold Announces Plan to Acquire Newmont Mining - EMEA Brief 26 Feb
Guest JoeIG posted a blog entry in Market News,
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Guest,Prolonged trade truce - APAC bried 26 Feb
MaxIG posted a blog entry in Market News,
AUD, RBA and ACGBs: The AUD/USD, and Australian assets, constitute many of the favoured proxies for trading trade-war headlines, and the news’ impact on price action has illustrated nicely the mixed opinion in markets relating to the developments. Yields on short-term bonds are a little higher, but interest rate markets haven't shifted much, while the yield on 10 Year ACGBs has actually fallen to 2.08 per cent, showing that traders are reluctant to price in markedly improved global growth conditions just on the basis of the latest trade war story. As the speculative tool of choice amongst traders to play-with trade war headlines, there has been a noteworthy rally in the AUD, over the last 24 hours, towards resistance at 0.7200.
ASX200: The ASX benefitted somewhat from positivity stemming from the subsequent climb in commodities prices, along with yesterday’s remarkable ~6 per cent rally in Chinese equities. Breadth across the ASX200 was so-so, with only 56 per cent of stocks clocking gains yesterday.
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MaxIG,Trade War Progress Ripples Through Markets - EMEA Brief 25 Feb
Guest IGAaronC posted a blog entry in Market News,
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Guest,Stocks finish week on solid footing: APAC brief 25 Feb
MaxIG posted a blog entry in Market News,
Risk appetite piqued: This is all according to US President Trump, so the gut says it be taken with a pinch of salt. Equity traders heard enough, however, driving the rally in global stocks. Chinese equities led the gains on both the daily and weekly charts: the CSI300 was up 2.25 per cent on Friday and 5.43 per cent for the week. Growth currencies also rallied into the week’s close. The AUD has climbed back to 0.7129, the NZD is fetching 0.6844, and the CAD (supported by higher oil prices) has broken above 0.7600 once more. Most promisingly of all is price action in commodities. The Bloomberg Commodity Index is at a YTD high, led by a break higher in copper prices.
Venezuela and oil: In commodity-land, arguably as it always is, oil is hogging the conversation. News in the last fortnight that the Saudis intend to deepen production cuts has formed the fundamental basis of oil’s rally. The short-term factors though pertain to the humanitarian crisis unfolding in Venezuela.
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MaxIG,Post in Crude Oil (WTI)
trade247 posted a post in a topic,
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JamesIG,ASX Rallies on Weak Australian Dollar - EMEA Brief 22 Feb
Guest IGAaronC posted a blog entry in Market News,
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Guest,Wall street pull back - APAC brief 22 Feb
MaxIG posted a blog entry in Market News,
Trade war truce already priced in? Markets are positioned for a relatively positive outcome in the trade-war, and that's manifesting in pockets of market activity. A true resolution in the trade war isn't expected, however an extension to be March 1 trade-truce-deadline seems to be. The overnight fall in US Treasuries, coupled with a topside break of copper's recent range, is a testament to this sentiment. The yield on the US 10 Year note has jumped back towards 2.70 percent, while the 3 month copper contract on the LME leapt another 0.83 per cent overnight. In G4 currencies, the US Dollar is stronger against the Euro and Pound, albeit very, very marginally, but weaker against the Yen.
The curious case of gold: Gold prices have dipped slightly courtesy of the stronger Dollar and greater confidence in the policy-outlook for the world's major central banks. The price of the yellow metal is sitting just above $1325 presently, as it continues its short term trend higher. One of the more divisive debates amongst traders currently is the outlook for gold. Like any market, time horizons are crucial to illustrating the trend for an asset's price.
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MaxIG,Galaxy Fold: Future or Gimmick Feature? - EMEA Brief 21 Feb
MichaelaIG posted a blog entry in Market News,
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MichaelaIG,New platform feature: new visibility icon
Guest DanielaIG posted a blog entry in IG Product Updates,
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Guest,Ford Pulls Brakes on Brazil Factory - EMEA Brief 20 Feb
MichaelaIG posted a blog entry in Market News,
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MichaelaIG,UK REAL ESTATE
Guest ArthurHouse posted a topic in Shares and ETFs,
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JamesIG,HSBC misses earnings expectations- EMEA Brief 19 Feb
Guest KatherineIG posted a blog entry in Market News,
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Guest,Australian markets in focus - APAC brief 19 Feb
MaxIG posted a blog entry in Market News,
Australian markets in focus: The Asian session will similarly quiet today, before markets return to normal transmission this evening. Arguably, it’ll be a day with attention directed to developments in Australian markets: the key data releases pertain to the RBA and its Monetary Policy Minutes, and ASX heavy-weight BHP, which reports its earnings today. Both the Australian Dollar and ASX200 will enjoy special focus this morning. The Aussie Dollar has pulled back below the 0.7150 handle after rallying beyond that mark on the back of trade-war optimism. The ASX200 will be more interesting for observers: having leapt from the gates yesterday morning to break above 6100 resistance, the index once again failed to prove its bullish mettle, closing trade yesterday at 6089.
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MaxIG,Post in US 500 - Potential Shorting Opportunity
Caseynotes posted a post in a topic,
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JamesIG,Dividend Adjustments 18 Feb - 25 Feb
MaxIG posted a blog entry in Market News,
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