Most Of The Markets Across Europe Remain Shut On For Boxing Day Holiday, Political Developments In Washington Remain A Focus
Notes/Observations Most of the markets across Europe remain shut on for Boxing Day holiday No Christmas Break for the correction; equities still reeling from the not-as-dovish-as-hoped Fed decision from last Wednesday; S&P 500 entered a bear market Mood expected to...
Yen and Swiss Franc Strong as US Stocks Extend Plunge, Trump Urges to Buy Dip
Yen and Swiss Franc are so far the strongest ones for this holiday week. But trading is rather subdued in Asia, as part of the region are still on holiday. Activity will likely remain low in European session with Germany,...
Growth Assets Are Spiralling Out Of Control
Markets Growth assets are spiralling out of control amid a synchronised global growth retreat concerns as Wall Street is amid its worst run in a decade with the market is on course to have it’s worst December since 1931 during...
Gaining a Trading Edge by Fading the Crowd | Podcast
Key Points discussed What is IG client sentiment? The traders behind the data Sentiment data helps keep your emotions in check How to interpret the numbers Client sentient has been regarded as one of the most underutilised sets of data...
Trump lashes out at Fed — again: ‘They’re raising interest rates too fast’
President Donald Trump on Tuesday reiterated that the U.S. Federal Reserve was raising interest rates too quickly but added that U.S. companies were “the greatest in the world” and presented a “tremendous” buying opportunity for investors. “They’re raising interest rates...
GBPUSD Continues To Retain Its Bearish Threats
GBPUSD continues to retain its bearish threats as it looks to resume broader medium term weakness. Support is seen at 1.2600 level. Further down, support comes in at the 1.2550 level where a break will turn focus to the 1.2500...
USD/CAD Climbs above 1.36 as Canadian Dollar Falters
USD/CAD is unchanged in the Monday session. Currently, the pair is trading at 1.3592, up 0.07% on the day. There are no Canadian or U.S. events on the schedule. The Canadian dollar recorded sharp losses on Friday, after posting mixed...
Market’s Misery Translates into Gold Luster
After posting strong gains last week, gold prices continue to move higher in the Monday session. In the North American session, the spot price for one ounce of gold is $1265,65, up 0.77% on the day. There are no U.S...
Stocks may try to bounce but are heading for worst December ever
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in...
When Wall Street looks to Washington, it gets scared
It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse is that when financial markets are...
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