New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups
• China cut its 1-year benchmark lending rate but left is 5-year rate unchanged.
• NZD gave up early gains, with NZD/USD testing key support.
• What is the outlook for NZD/USD, GBP/NZD, and AUD/NZD?
Read more: https://tinyurl.com/4mtkc3ff
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• China cut its 1-year benchmark lending rate but left is 5-year rate unchanged.
• NZD gave up early gains, with NZD/USD testing key support.
• What is the outlook for NZD/USD, GBP/NZD, and AUD/NZD?
Read more: https://tinyurl.com/4mtkc3ff
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD Setups
NZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlook for NZD/USD, AUD/NZD, and GBP/NZD?
Morning update – 21 August 2023
• NASDAQ100 attempting to stabilise at near-term support, Treasury yields movement in focus
• China's LPR cuts disappoint, HSI at new year-to-date low
• US dollar consolidating at key resistance
Read more: https://tinyurl.com/yckwztdx
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• NASDAQ100 attempting to stabilise at near-term support, Treasury yields movement in focus
• China's LPR cuts disappoint, HSI at new year-to-date low
• US dollar consolidating at key resistance
Read more: https://tinyurl.com/yckwztdx
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
US indices attempt to stabilise, while China’s loan prime rates delivered more modest response: Nasdaq 100, Hang Seng Index, US…
US indices attempt to stabilise, while China’s loan prime rates delivered more modest response: Nasdaq 100, Hang Seng Index, US dollar
Morning update – 22 August 2023
• US 10-year yields touched 15-year high
• Technology Select Sector SPDR Fund bouncing from support confluence but will HNS form?
• STI less than 2% away from YTD low
• Gold prices attempting to stabilise, weekly RSI < 50
Read more: https://tinyurl.com/56pw93vw
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• US 10-year yields touched 15-year high
• Technology Select Sector SPDR Fund bouncing from support confluence but will HNS form?
• STI less than 2% away from YTD low
• Gold prices attempting to stabilise, weekly RSI < 50
Read more: https://tinyurl.com/56pw93vw
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
Heavy-lifting from US tech overnight as Nvidia’s results in focus ahead: US Technology Sector, Straits Times Index, Gold
Heavy-lifting from US tech overnight as Nvidia’s results in focus ahead: US Technology Sector, Straits Times Index, Gold
US Dollar Looks Tired Ahead of Jackson Hole: EUR/USD, GBP/USD, USD/JPY Price Setups
• USD is struggling at key resistance ahead of Powell speech on Friday.
• EUR/USD and GBP/USD are near key support, while USD/JPY is testing a vital hurdle.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and USD/JPY?
Read more: https://tinyurl.com/24mjh8ct
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• USD is struggling at key resistance ahead of Powell speech on Friday.
• EUR/USD and GBP/USD are near key support, while USD/JPY is testing a vital hurdle.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and USD/JPY?
Read more: https://tinyurl.com/24mjh8ct
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
US Dollar Looks Tired Ahead of Jackson Hole: EUR/USD, GBP/USD, USD/JPY Price Setups
The US dollar’s rally looks tired against some of its peers ahead of the Jackson Hole Economic Symposium beginning Thursday. What is the outlook for EUR/USD, GBP/USD, and USD/JPY?
Asian Indices Feel the Heat of Rising Yields: Hang Seng, Kospi, Straits Times Index Setups
• The Hang Seng Index is attempting to break below a crucial support.
• Kospi’s upward pressure has eased.
• FTSE Straits Times Index is back at the lower end of the multi-month range.
• What is the outlook and the key levels to watch in select Asian indices?
Read more: https://tinyurl.com/47jwrxtc
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• The Hang Seng Index is attempting to break below a crucial support.
• Kospi’s upward pressure has eased.
• FTSE Straits Times Index is back at the lower end of the multi-month range.
• What is the outlook and the key levels to watch in select Asian indices?
Read more: https://tinyurl.com/47jwrxtc
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
Asian Indices Feel the Heat of Rising Yields: Hang Seng, Kospi, Straits Times Index Setups
The upward pressure in Asian indices appears to be fading fast amid rising global yields and a faltering post-Covid recovery in China. What is the outlook for the Hang Seng Index, Kospi, and FTSE Straits Times Index?
Morning update – 23 August 2023
• Financial Select Sector SPDR Fund (XLF) near trendline support on S&P downgrade, but move back below 200-day MA does not provide much conviction yet
• USD/SGD continues to hover around YTD high ahead of SG inflation data
• USD/JPY consolidating above 145 level
Read more: https://tinyurl.com/2p9a5c9t
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Financial Select Sector SPDR Fund (XLF) near trendline support on S&P downgrade, but move back below 200-day MA does not provide much conviction yet
• USD/SGD continues to hover around YTD high ahead of SG inflation data
• USD/JPY consolidating above 145 level
Read more: https://tinyurl.com/2p9a5c9t
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
Elevated Treasury yields, weaker Wall Street handover kept wait-and-see in place: US Financial Sector, USD/SGD, USD/JPY
Elevated Treasury yields, weaker Wall Street handover kept wait-and-see in place: US Financial Sector, USD/SGD, USD/JPY
CNN Fear and Greed Index:
• Recent unwinding of the risk rally brought sentiments back to more neutral levels from previous 'extreme greed'.
• Much may still await, with past retracements seeing a dip into 'fear' territory before rebounding.
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Recent unwinding of the risk rally brought sentiments back to more neutral levels from previous 'extreme greed'.
• Much may still await, with past retracements seeing a dip into 'fear' territory before rebounding.
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
Is the Rally Over in Bitcoin & Ethereum? BTC/USD & ETH/USD Price Setups
• Bitcoin and Ethereum have fallen sharply in recent days.
• ETH/USD and BTC/USD are approaching major support levels.
• What is the outlook and what are the key levels to watch?
Read more: https://tinyurl.com/mt2kjxdc
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Bitcoin and Ethereum have fallen sharply in recent days.
• ETH/USD and BTC/USD are approaching major support levels.
• What is the outlook and what are the key levels to watch?
Read more: https://tinyurl.com/mt2kjxdc
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
Is the Rally Over in Bitcoin & Ethereum? BTC/USD & ETH/USD Price Setups
The upward pressure has eased in Bitcoin and Ethereum after the recent sharp fall. However, the fall isn’t sufficient to conclude that this year’s rally is over. What is the outlook and the key levels to watch?
NYSE FANG+ Index:
• Nvidia's earnings release up ahead today after-market, which may determine if the US big tech (and broader market) can renew the previous AI invigoration.
• NYSE FANG+ index attempted to bounce off its support confluence earlier, but risks of head-and-shoulder formation remain.
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Nvidia's earnings release up ahead today after-market, which may determine if the US big tech (and broader market) can renew the previous AI invigoration.
• NYSE FANG+ index attempted to bounce off its support confluence earlier, but risks of head-and-shoulder formation remain.
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
Morning update – 24 August 2023
• Retreat in Treasury yields, NVDA earnings provide some calm
• SPDR S&P Semiconductor ETF found support but HNS still a risk
• Nikkei225: Bull flag still intact as continuation pattern
• Silver gained for 5th straight day
Read more: https://tinyurl.com/5n79433y
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Retreat in Treasury yields, NVDA earnings provide some calm
• SPDR S&P Semiconductor ETF found support but HNS still a risk
• Nikkei225: Bull flag still intact as continuation pattern
• Silver gained for 5th straight day
Read more: https://tinyurl.com/5n79433y
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
Retreat in US yields and Nvidia’s earnings provide some calm: SPDR S&P Semiconductor, Nikkei 225, Silver
Retreat in US yields and Nvidia’s earnings provide some calm: SPDR S&P Semiconductor, Nikkei 225, Silver
US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price Setups
• USD retreat on Wednesday could an early sign of cracks in the rally.
• USD hurt by below-expected US PMI data.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
Read more: https://tinyurl.com/2p83zyhk
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• USD retreat on Wednesday could an early sign of cracks in the rally.
• USD hurt by below-expected US PMI data.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
Read more: https://tinyurl.com/2p83zyhk
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
US Dollar Toppish Ahead of Powell; EUR/USD, AUD/USD, GBP/USD Price Setups
There are growing signs that USD could be in the process of making an interim top. To be fair, this wouldn’t necessarily imply that the uptrend is over. What’s next for EUR/USD, GBP/USD, and AUD/USD?
Morning update – 25 August 2023
• Derisking ahead of Fed Chair's Jackson Hole speech: Firmer yields + US dollar
• Brent crude attempt to defend head-and-shoulder neckline (4-hour)
• AUD/JPY on near-term descending triangle
• EUR/USD: 200-day MA in the crosshair
Read more: https://tinyurl.com/bp92tp59
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Derisking ahead of Fed Chair's Jackson Hole speech: Firmer yields + US dollar
• Brent crude attempt to defend head-and-shoulder neckline (4-hour)
• AUD/JPY on near-term descending triangle
• EUR/USD: 200-day MA in the crosshair
Read more: https://tinyurl.com/bp92tp59
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
De-risking ahead of Fed Chair’s Jackson Hole speech: Brent crude, AUD/JPY, EUR/USD
De-risking ahead of Fed Chair’s Jackson Hole speech: Brent crude, AUD/JPY, EUR/USD
Webinar: Weekly Market Scoop with Jun Rong: what’s up (or down) this week?
Speaker: Yeap Jun Rong (Market Strategist, IG)
Date: 29 August 2023, Tuesday
Time: 5pm to 5.30pm
Register now: https://tinyurl.com/46u8unyx
Looking for a quick and easy way to digest the latest market news and trends? Then join our Market Strategist, Jun Rong, for a 30-minute talk series where he will share a recap of what's happening in the world of trading.
In each session, Jun Rong will cover a variety of markets, from stocks and indices to forex and commodities, and highlight key levels to watch out for. He'll also share his expert insights and analysis on what's driving these markets and how you can make the most of trading opportunities. You'll also have the opportunity to ask questions and gain insights from him during the session.
Here’s what will be covered:
• An overview of current market conditions
• A preview of key events, such as the US and China's Purchasing Managers Index (PMI) and the US non-farm payrolls.
• Key trading ideas to look out for the week
Trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
Speaker: Yeap Jun Rong (Market Strategist, IG)
Date: 29 August 2023, Tuesday
Time: 5pm to 5.30pm
Register now: https://tinyurl.com/46u8unyx
Looking for a quick and easy way to digest the latest market news and trends? Then join our Market Strategist, Jun Rong, for a 30-minute talk series where he will share a recap of what's happening in the world of trading.
In each session, Jun Rong will cover a variety of markets, from stocks and indices to forex and commodities, and highlight key levels to watch out for. He'll also share his expert insights and analysis on what's driving these markets and how you can make the most of trading opportunities. You'll also have the opportunity to ask questions and gain insights from him during the session.
Here’s what will be covered:
• An overview of current market conditions
• A preview of key events, such as the US and China's Purchasing Managers Index (PMI) and the US non-farm payrolls.
• Key trading ideas to look out for the week
Trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
IG Singapore – CFD Trading Platform
Trade over 13,000 markets with IG Singapore, including shares, forex, indices, commodities, options, and more.
Morning update – 28 August 2023
• Relief in S&P 500 but September tends to be worst month seasonally
• Chinese equities find solace in reduction of stock-trades levy, but gains were short-lived in past reduction
• Copper facing key test of resistance confluence
Read more: https://tinyurl.com/4cczk4v8
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Relief in S&P 500 but September tends to be worst month seasonally
• Chinese equities find solace in reduction of stock-trades levy, but gains were short-lived in past reduction
• Copper facing key test of resistance confluence
Read more: https://tinyurl.com/4cczk4v8
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
Relief rally to start the week, as key macro data takes focus ahead: S&P 500, Hang Seng Index, Copper
Relief rally to start the week, as key macro data takes focus ahead: S&P 500, Hang Seng Index, Copper
US Dollar Flirts with Resistance After Powell; EUR/USD, GBP/USD, AUD/USD Price Action
• The DXY Index (USD index) is testing key resistance after Powell warned of more tightening.
• Broader picture of USD rally fatigue remains intact ahead of key US data this week.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
Read more: https://tinyurl.com/s25fx4vk
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• The DXY Index (USD index) is testing key resistance after Powell warned of more tightening.
• Broader picture of USD rally fatigue remains intact ahead of key US data this week.
• What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
Read more: https://tinyurl.com/s25fx4vk
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
US Dollar Flirts with Resistance After Powell; EUR/USD, GBP/USD, AUD/USD Price Action
The USD is holding gains against its peers after Powell warned of more tightening to bring down inflation to the 2% target. What is the outlook for EUR/USD, GBP/USD, and AUD/USD?
Morning update – 29 August 2023
• Russell 2000 defending 200-day MA over past week
• Higher-than-expected Japan's unemployment rate leaves room for dovishness for Bank of Japan (BoJ), USD/JPY hovering above 145.80
• GBP/USD retesting head-and-shoulder neckline on daily chart
Read more: https://tinyurl.com/4f5hdb3v
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Russell 2000 defending 200-day MA over past week
• Higher-than-expected Japan's unemployment rate leaves room for dovishness for Bank of Japan (BoJ), USD/JPY hovering above 145.80
• GBP/USD retesting head-and-shoulder neckline on daily chart
Read more: https://tinyurl.com/4f5hdb3v
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
IG
Risk mood improves as US bond yields, US dollar take a breather: Russell 2000, USD/JPY, GBP/USD
Risk mood improves as US bond yields, US dollar take a breather: Russell 2000, USD/JPY, GBP/USD
Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY
• Tentative signs of stabilization in AUD/USD’s recent slide.
• AUD/NZD has rebounded from key support; AUD/JPY is flirting with key resistance.
• What is the outlook for key AUD crosses?
Read more: https://tinyurl.com/58wbx5yy
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Tentative signs of stabilization in AUD/USD’s recent slide.
• AUD/NZD has rebounded from key support; AUD/JPY is flirting with key resistance.
• What is the outlook for key AUD crosses?
Read more: https://tinyurl.com/58wbx5yy
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
Australian Dollar Looks to Recoup Losses Ahead of CPI; AUD/USD, AUD/NZD, AUD/JPY
AUD is looking for positive catalysts as it attempts to recoup some of its recent losses ahead of key Australian inflation data due Wednesday. What is the outlook for AUD/USD, AUD/NZD, and AUD/JPY?
More Pain Ahead for Crude Oil? Is the Rebound Over in Natural Gas?
• Crude oil has retreated from key resistance but hasn’t broken any support yet.
• The multi-week bullish pressure in natural gas is fading.
• What is the outlook for crude oil and natural gas and what are the key levels to watch?
Read more: https://tinyurl.com/5n943dt8
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
• Crude oil has retreated from key resistance but hasn’t broken any support yet.
• The multi-week bullish pressure in natural gas is fading.
• What is the outlook for crude oil and natural gas and what are the key levels to watch?
Read more: https://tinyurl.com/5n943dt8
The information is intended for general circulation only and does not contain an investment recommendation. All forms of investments carry risks and trading CFDs may not be suitable for everyone. Losses can exceed deposits. Refer to the Risk Disclosure Statement and Risk Fact sheet at IG.com/sg.
DailyFX
More Pain Ahead for Crude Oil? Is the Rebound Over in Natural Gas?
Crude oil may have pulled back recently, but it is too soon to conclude that the nascent rebound is over. In contrast, the five-month-long rebound in natural gas appears to be cracking. What is the outlook and what are the key levels to watch?