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ETX Capital

ETX Capital
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ETX Capital is a UK based financial company that provides institutional, high-net-worth and retail customers with multi-asset market derivatives trading through financial spread betting and contract for difference (CFDs) products.
Great British Pound Currency
Has inflation peaked?  “The expected pickup didn’t happen. Inflation remains cooler and the pound dipped as investors had expected a rebound in July following the surprise drop in June. Inflation fell from 2.9% in May to 2.6% in June, where it remains. Month-on-month CPI declined 0.1% from June to July....
Theresa May
It’s likely to be a busy week for the pound as there are a number of important releases and the politicians return from summer holidays. Brexit Back to school: Theresa May is back from holiday and the term starts in earnest with plenty of Brexit homework to be handed in. The...
US Dollar Currency
Has the dollar slide run its course? The US CPI inflation and core inflation figures are in focus on Friday as they are set to drive the price action in dollar FX pairs and equity indices to an extent. A month ago the Bureau of Labor Statistics reported the Consumer Price...
US Dollar Currency
The US dollar is looking for some good news this week as it seeks to snap a pretty poor run of things. The dollar index (DXY) has skidded to its weakest since January 2015 on political instability and longer odds for another Fed rate hike this year. A very...
Bank of England
To hike or not to hike: What chance is there the Bank of England will raise interest rates at this month’s policy meeting? Markets are pricing in very little chance of rates rising, although some of the economic indicators would support a hike. Nomura has argued there is actually a...
London Stock Exchange FTSE
AstraZeneca slammed on drug failure, Anglo pops on dividend return. AstraZeneca shares were crushed after suffering a huge disappointment with its lung cancer drug trials. The stock skidded 16% lower in a brutal sell-off and was set for its worst ever day. Jeffries reckons the poor performance knocks about 10-15% off the...
London Stock Exchange FTSE
Earnings season is in full swing in the US and Europe with $4.3 trillion in market capitalisation reporting. Of particular note there is a very busy session on Thursday which is set to be the biggest day of the year for the FTSE 100. Combined, the companies reporting on Thursday...
European Central Bank
Eurozone inflation was softer in June but core inflation managed to pick up ahead of the European Central Bank policy meeting later this week. Inflation dropped to 1.3% from 1.4% the preceding month, in line with estimates, while core inflation advanced to 1.1% from 0.9%. The euro was trading fairly flat...
Euro Currency
The euro has been a star performer in 2017 and it looks like it could be set for further gains as we head into the second half of the year. Euro net long positions as recorded by the US Commodity and Futures Trading Commission jumped to their highest level in...
Great British Pound Currency
GBPUSD continues to hold a little way above seven-month lows but looks susceptible to any drop in sentiment as tense and tough negotiations over Brexit commence yesterday (June 19th). Sterling traded above $1.28 in early trading as markets look for clues about where the talks are going to take the...
Federal Reserve
The Fed stuck to its guns, raising rates by a quarter point and calling for another hike this year, in spite of some pretty dreadful inflation earlier that has the market doubting the central bank's willingness and ability to tighten again in the near-term. The Fed seems to be...
Federal Reserve
The Federal Reserve is widely expected to raise rates on Wednesday but the big question for the market is whether June marks a pause in the current tightening cycle or if policymakers display a willingness for at least one more hike in 2017. The Federal Open Market Committee (FOMC) meets...
Great British Pound Currency
A stronger Conservative majority likely to produce short-term rally for sterling, but weigh on longer term prospects. Other results may produce risk-off selling in UK assets on political instability but increased chances of a softer Brexit may boost sentiment longer term. Sterling could go either way on Friday as the...
London Stock Exchange FTSE
General Election 2017 market analysis - is a Labour government bad for stocks? Would a Labour win really be bad news for the FTSE? Stock markets are not that political but there is a widely-held belief that investors prefer a Conservative government to a Labour one. That is a deep-rooted...
Theresa May
A fairly bland format for a good debate, but the May vs Corbyn TV interviews certainly highlighted a few key themes and reinforced the growing view that this election is not such a done deal as first thought. Who won: May or Corbyn? Both sides of course claimed victory, and there...
Oil Commodity
Hopes are running high ahead of Thursday’s OPEC meeting that members will agree to further cuts to output in a bid to maintain price stability. But with crude rallying firmly before the meeting, will it be a case of buy the rumour, sell the fact? Production curbs OPEC members convene in...
Theresa May
Just a wobble; or something more? The general election is starting to look like it could spark some serious volatility as we head into June. For the first time a Tory landslide is not a given and there is reason to think that this alone could introduce a new...
Great British Pound Currency
How does the UK general election affect the pound? Traders are second-guessing where sterling is headed before the nation goes to the polls again on June 8th as politics seem to remain front and centre in the forex markets. Snap judgment The surprise move by Theresa May to call an early...
Great British Pound Currency Euro
Sterling is at a crossroads this week as markets look ahead to the Bank of England interest rate decision on Thursday (May 11th). The pound has steadily strengthened since mid-January and enjoyed a further leg higher following Theresa May’s decision to call a snap election, but it now faces...
France
Donald Trump’s unexpected victory unleashed animal spirits in the US, sending stocks to all-time highs and spurring an advance in the dollar. Can we expect the same from Emmanuel Macron’s win in France? The result is certainly risk-on. Since the first round vote indicated an easy route to the Elysee...
Mario Draghi
EURUSD seems to be looking for an excuse to assault the $1.10 level and the ECB could provide the ammunition. But it might also prove a big disappointment. The pair has so far failed to maintain much momentum since the French election result produced a wave of relief across markets...
France
French election preview The French public goes to the polls on Sunday, April 23rd in one of the most unpredictable and closely-fought presidential elections in recent memory. It’s also one of the most important for France in decades with voters apparently split between extremes of left and right. Success for...
Wall Street Stocks
US earnings season kicks off properly on April 13th as Citigroup, Wells Fargo and JPMorgan Chase & Co all report their first quarter revenues. Financials are set to be among the top performers and expectations are running high. Here’s our quick preview of what to expect from US earnings this quarter. EPS...
London Stock Exchange FTSE
European stocks are find favour in many corners of the investment community as US stocks struggle for a fresh leg up. US stocks look expensive By just about any gauge, US stocks look pretty expensive. That’s not to say they won’t keep rising – but it does impact the decision making...
Great British Pound Currency Euro
Is it time to short the euro against the pound? While sterling has been on the defensive since the EU Referendum nine months ago, there may be signs that UK currency could be set for a recovery. On the other hand, sterling could be set for a tumble if...
Donald Trump
Donald Trump’s healthcare failure has been taken pretty badly by investors. Stocks were in the red across Europe on Monday as markets reacted to the ditching of legislation that was designed to repeal and replace Obamacare. The DAX slumped below 12,000 before recovering its poise. The FTSE 100 posted a...
Wall Street Stocks
Wall Street endured its worst day in months on Tuesday as it investors went into risk-off mode. Traders seem to be reassessing the Trump trade. Will he deliver on the promise that has fuelled the gains since November? Problems with healthcare reform don't augur well for tax and deregulation efforts. It...
London Stock Exchange FTSE
Where is the global economy going? With the Trump trade and global reflation, the outlook has improved a lot in recent months, according to some of the world's top money managers at least. The latest Global Fund Manager survey from Bank of America Merrill Lynch shows optimism remains firm despite...
Bank of England
Sterling popped on Thursday (March 16th) after a hawkish surprise from the Bank of England. The MPC was not unanimous in its decision to keep rates hold, with Kristin Forbes voting for a 25 basis point hike. That meant the MPC voted 8-1 to keep rates at 0.25%, while...
Stock Market Janet Yellen FOMC
Federal Reserve meeting – potential for hawkish surprise could be overstated The Federal Reserve is a dead cert to raise rates on Wednesday, so the key question is how far and how fast the US central bank will tighten monetary policy this year. Attention will shift to the signals for...

LATEST

GBP recovers to 1.29 on surprise UK wages data

Great British Pound Currency
The UK wages growth surprised on the upside, as the British households saw their average earnings improved...

UK unemployment falls again to lowest since 1975, wage growth still lacklustre

Employee at Steel Plant China
Britain's unemployment labour market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly...

US Dollar holds gains

Federal Reserve
The dollar held on to big gains on Wednesday ahead of today's Federal Reserve's minutes. The Fed releases...

Dollar Torpedos Gold Whilst Oil Checks Its Inventory

Gold Commodity
Huge inventory draw saves crude’s blushes as a stronger dollar twists the knife in gold’s side. The American...
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