Markets alert – Page 28

June 7
2018

US AM Digest: Turkish Lira Boosted By Surprise 125bps Rate Hike, EUR Buying Resumes Ahead of ECB

US Market Snapshot via IG: DJIA 0.2%, Nasdaq 100 -0.1%, S&P 500 0.05% Major Headlines Turkish Central Bank Delivers 125bps Rate Rise UK Publish Expected End Date for Irish Backstop proposal TRY: The Turkish Central Bank regained some of their credibility this morning after delivering a surprise 125bps rate hike, which bolstered the Turkish Lira […]

June 7
2018

Euro at Risk of Profit-Taking as End of Asset-Purchase Program Nears

EUR analysis and talking points: – The European Central Bank Governing Council will likely discuss ending its asset-purchase program when it meets next Thursday. – However, that may already be priced in to Euro exchange rates, leaving it vulnerable to profit-taking after its recent advances. Check out the IG Client Sentiment data to help you […]

June 7
2018

Asia AM Digest: EUR & AUD Up, Can Tokyo Echo Wall Street Rise?

Current Developments – Euro, Sentiment and Australian Dollar Rises A rally in the Euro on Wednesday helped to keep the US Dollar suppressed as the markets searched for yield prospects outside of the world’s largest economy. During the first half of yesterday’s session, comments from ECB Executive Board Member Peter Praet helped push German front-end […]

June 7
2018

Foreign Direct Investment Drops Ahead of Protectionism and Trade Wars

Talking Points: UN says foreign direct investment fell 23% in 2017 compared to previous estimates of 16% Global foreign direct investment now rests at $1.43 trillion, down from $1.87 trillion US-led trade spats and Brexit are major factors weighing on the outlook for investment Learn the number one mistake traders make when trading. Download our […]

June 7
2018

Asia Shares Echo US Gains, Poloz Speech Due. ASX 200 at Resistance

Asian Stocks Talking Points: Asian shares echo gains on Wall Street as sentiment improved, gapped higher Ahead, Bank of Canada’s Governor Stephen Poloz could offer a boost to CAD The ASX 200 has turned higher recently and is testing key near-term resistance Find out what retail traders’ Equities buy and sell decisions say about the […]

June 7
2018

GBP in the Spotlight as Brexit Tensions Flare up

Sterling and Brexit News and Talking Points – Discussions over the Northern Ireland hard border has caused a major rift in the UK cabinet. – Sterling likely to come under selling pressure if no government resolution is found. The IG Client Sentiment Report shows that traders are just under 72% long GBPUSD – a bearish […]

June 6
2018

FTSE 100 Struggles to Break Higher; GBP Fortified by Data

FTSE 100 and GBP News and Talking Points – A new FTSE 100 high may prove difficult in the near-term. – Sterling continues to build a base, aided by better-than-expected data prints. The IG Client Sentiment Report shows that traders are just 35% long of the FTSE 100. We typically take a contrarian view to […]

June 6
2018

Trade Conflict at G7 Summit May Rub Salt Into USD Wounds

USD analysis and talking points: – The G7 summit that begins in Canada on Friday is certain to be dominated by fears of a trade war. – That could weaken the US Dollar further after its declines over the past few sessions. Check out the IG Client Sentiment data to help you trade profitably. And […]

June 6
2018

EURUSD Rises as the ECB Look to Debate QE Exit

EURUSD Analysis and Talking Points Euro finds support as ECB look set to discuss QE exit at next week’s monetary policy meeting Short covering could see further gains for EURUSD in run up to June 14th See our Q2 EUR forecast to learn what will drive the currency through the quarter. ECB Taper Talk Supports […]

June 6
2018

Cryptocurrencies: Trading Ranges Holding; Google Searches Slump | Webinar

Cryptocurrency News and Talking Points – Google trend searches for a range of cryptocurrencies have fallen off a cliff. – Charts show support levels holding sway and prices drifting higher. IG Client Sentimentshows how clients are currently positioned in a wide range of cryptocurrencies and how positioning has changed over the last week. Cryptocurrency Market […]