© Reuters The Mexican peso’s recent surge against the US dollar took a breather today with the pair ticking up to 17.18, despite a general weakness in the dollar across Forex markets. Investors are closely watching Mexico’s economic indicators, such as retail sales and mid-November inflation data, which are expected to influence the Bank of
Share: The EUR/CHF is seeing a late break heading into Friday’s closing bell. Market sentiment is seeing a late-week rally as investors take one last dip into the risk well. The EUR/CHF pair is up 0.40% bottom-to-top as risk appetite makes a late recovery. The EUR/CHF dipped to a new low for the
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 Analysis and Charts Download our Complimentary Top Trades Recommended by IG Get Your Free Top Trading Opportunities Forecast Dow returns to 35,000 The index is back at the 35,000 area, the highs from early September.The past three weeks have seen the
Bitcoin (BTC) Prices, Charts, and Analysis: Bitcoin and Ethereum pushing back to multi-month highs. Has the long-awaited altcoin season started? Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Bitcoin made a fresh 18-month high on Wednesday as buyers continue to dominate the cryptocurrency space. The largest coin by market cap broke through
Nasdaq daily The Nasdaq has extended gains to 1.7% and broken the October high in the process. The rally is particularly impressive given that Treasury yields are in the process of reversing higher. US 2-year yields are at the highs of the day up 3.2 bps to 5.05% after falling as low as 4.97% earlier.
USD/CAD PRICE, CHARTS AND ANALYSIS: Hawkish BoC Fails to Inspire CAD Bulls. A Rebound in Oil Today has Failed to Spark USDCAD into life, Will Fedspeak do the Trick? Taking a look at the IG client Sentiment Data and we can see that Retail Traders are Currently Net-SHORT with 72% of Traders Holding Short Positions.
Bitcoin (BTC) Prices, Charts, and Analysis: Bitcoin looking at $37.3k as the next level of resistance. Spot ETFs would change the landscape for Bitcoin. Recommended by Nick Cawley Get Your Free Bitcoin Forecast At the end of October, we identified a Bullish Pennant pattern forming on the daily Bitcoin chart, along with a Golden Cross,
SP 500 & NAS100 PRICE FORECAST: NAS100 and SPX Both Face a Key Resistance Test if the Rally is to Continue. A Slew of Earnings to Come After Market Close Could Push US Indices Past Key Resistance Levels. IG Client Sentiment Shows that Retail Traders are Net-Short with 59% of Traders Currently Holding Short Positions
RAND TALKING POINTS & ANALYSIS US specific factors drive ZAR strength but may be short-lived as markets may over overreacted to Friday’s NFP data. Fed speak in focus later today. USD/ZAR bulls keenly await possible short-term reversal. USD/ZAR FUNDAMENTAL BACKDROP Macro-economic fundamentals underpin almost all markets in the global economy via growth, inflation and employment
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis and Charts Dow stronger in wake of Fed decision The index’s rally was given fresh impetus by the Fed decision last night, which saw a more balanced outlook from Jerome Powell. The index has climbed to its highest level in
