Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, Nasdaq 100 Analysis and Charts FTSE 100 rallies on softer US and UK inflation A host of large-cap dividend payments on Thursday put the FTSE 100 on the back foot, together with disappointing results from Burberry’s with its share price dropping by over
Share: USD/NOK struck a high since late May on Thursday of 11.276. On Friday, the pair retreated to 11.170, seeing 0.20% losses. The Greenback trades soft in FX markets after PCE data from September. In Friday’s session, the USD/NOK trades with losses, mainly driven by investors taking profits after the pair jumped to
Oil (Brent Crude, WTI) Analysis Strong yields, USD and Fed speak send oil prices lower Support eyed ahead of storage data as bulls weigh up possible continuation plays Risk events: OPEC, API and EIA storage data due The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Wall Street gained for the second straight day (DJIA +0.62%; S&P 500 +0.63%; Nasdaq +0.84%), as US Treasury yields took a breather despite a hawkish takeaway from the Jackson Hole Symposium. Both the US 2-year and 10-year yields cooled by around 5 basis-point
Share: USD/INR prints the first daily loss in three, retreats from multi-day high. China inflation, Biden Administration’s easy stand on Beijing-backed AI investment ban favor pullback. Cautious mood ahead of RBA Interest Rate Decision, US inflation data restrict Indian Rupee moves. Softer Oil price, US Dollar’s retreat from key resistance add strength to