CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Financial market research and analysis

Our analysts have their fingers on the pulse of the world's financial market news.

CFD trading is high risk and may not be suitable for everyone.
Yen tanks post-BoJ, Fed in focus
The EURUSD has fully given back a month worth of gains and is ready to test the 1.1120 on the downside. A break below the 1.1100/1.1085 should encourage a further sell-off toward the 1.1000 mark. The short-term bias will remain negative below 1.1200 (major 38.2% retracement on Sep 8th to Sep 21st decline). Surpassing 1.1200, the bullish trend reversal could encourage buyers for a recovery to 1.1300/1.1327 (Sep 8th resistance).

The USDJPY rallied after the Bank of Japan (BoJ) tweaked the monetary policy to allow flexibility in the monetary base in order to have a QQE (Quantitative Easing) with yield curve control. The markets bought into the BoJ's decision. The pair is expected to expand gains above 101.90 (major 32.8% retrace on Sep 14th to Sep 21st decline). Clearing 103.35/103.50 should encourage a further recovery toward 104.50/105.00 mid-term resistances. Support is eyed at 101.55/101.00.

The GBPUSD extended losses below the 1.30 handle. The negative trend strengthens heading into the Federal Reserve (Fed) decision with the possibility of a further sell-off toward 1.2950 and 1.2865 (mid-Aug lows). The upside risks prevail due to a potentially dovish surprise from the Fed later in the day. If this is the case, we could see a short squeeze in the pound. The critical resistance is eyed at 1.3138 (major 38.2% retracement on Sep 6th to Sep 21st decline).

AUDUSD treads water close to 0.7554 (major 38.2% retracement on Sep 8th to Sep 13th decline). The USD-leg is expected to define the short-term trend. Intraday resistances are eyed at 0.7587 (Fibonacci 50% level) before 0.7622 (major 61.8% retrace). Minor support should come in play at 0.7522/0.7520 (200 and 100-day moving averages), 0.7511 / 0.7500 (minor 23.6% retrace / ascending baseline). The critical support is seen at 0.7440/0.7420.

Gold is marginally cheaper on the back of a broad based USD strengthening. The short-term appetite in gold is contingent on the US dollar. The $1305 / 1297 zone (100-day moving average / minor 23.6% retracement on Dec’15 – Jul’16 rise) is seen as a solid mid-term support, while the upside is expected to remain capped at $ 1332 (50-day moving average) and $1347, two-week downtrend channel top.

The WTI pares losses despite a stronger US dollar across the board. Solid short-term support is eyed at $45.80, $46.40 and $47.50. On the downside, support should come into play at $44.10 (50, 100-hour moving averages) before a potential bearish reversal toward $43.00, $42.25 and $41.30.

14-12-2020

GBP jumps on Brexit talks extension
The British pound has jumped in early trading this week after the UK Prime Minister and EU Commission President agreed to extend Brexit talks beyond Sunday. MARKETSThe S&P 500 fell on Friday, wrapping up a losing week, as the outlook for additional fiscal… Read more

10-12-2020

AirBnB IPO today
At its IPO price of $6 per share, Airbnb ABNB, is expected to raise at least $3.5 billion with an initial market capitalization topping $40 billion. MARKETSStocks fell on Wednesday, retreating from the record highs set earlier in the day, as tech shares strug… Read more

9-12-2020

S&P 500 closes over 3,700
MARKETSThe S&P 500 closed above 3,700 for the first time ever on Tuesday as Pfizer started to roll out its coronavirus vaccine in the U.K., lifting hope of the economy recovering in the near future. The Dow Jones gained 0.4% while the Nasdaq Composite clim… Read more

8-12-2020

Global stock market cap reaches $100 trillion for 1st time
The value of all the stocks in the world put together has reached a giant $100 trillion for the first time. MARKETSThe Dow fell 0.69% Monday, led by Intel and broad-based weakness in value stocks as rising Covid-19 restrictions offset optimism over an imminen… Read more

4-12-2020

Pfizer vaccine supply chain problems
MARKETS The S&P 500 fell slightly from record high. Major U.S stocks indices cut gains quickly in the final hour of trading after Dow Jones reported Pfizer now expects to ship half of the doses it had previously planned this year after finding raw materia… Read more

2-12-2020

Dollar Purge Continues
The US dollar dropped to fresh two-and-a-half year lows on Tuesday, with EUR/USD rising above the widely-watched 1.20 handle. MARKETSNews• Stocks in Asia-Pacific were mixed in Wednesday morning trade after major indexes on Wall Street surged to record highs o… Read more

1-12-2020

Bitcoin hits record high
The price of Bitcoin climbed 8.7% on Monday to reach a fresh record high of $19,857.03 - overtaking its previous peak made in 2017. MARKETSNews• Asia stocks rise as the Caixin/Markit manufacturing Purchasing Managers’ Index for November came in at 54.9 — its… Read more

30-11-2020

OPEC meeting starts
Today OPEC+ begin a 2-day meeting to decide whether to begin producing an extra 2 million barrels per day of oil, or delay for another 3-6 months. MARKETSNews• Asia-Pacific markets are mixed this morning while S&P 500 futures are down half a per cent. Ind… Read more