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.
Bitcoin showed further signs of trouble on Thursday after a strong break below the 50-week moving average. The notoriously volatile market enjoyed a 50% bounce from the April lows of $6.5k, stopping short of $10k. However, the recent bull move has been short-lived as...
Last week the dollar carried on strengthening against the Euro and GDP which are once again trading back near the lowest level seen this year against the greenback.  This helped push European indices, such as the export-dominated German DAX and the FTSE 100, which...
Spotify IPO The unconventional initial public offering (IPO) of Swedish streaming service Spotify (SPOT) on April 3rd is the headline event this week. Unlike traditional market debuts, the company is using a direct listing that sidesteps the usual investor roadshows and team of investment bankers underwriting...
With the Good Friday holiday cutting short the trading week, the next few days are a little light on data but there is a smattering of inflation and GDP releases to watch for.Before we look at the data, all eyes are on whether we...
Markets are pricing in a roughly 90% chance of a hike this week, the first of three or four anticipated this year. So the focus is on the dot plot – four hikes or three - and the accompanying language from chair Jay Powell....
US inflation The main event on the economic calendar looks set to be the monthly CPI release in the US, which will be assessed for its potential impact on monetary policy. Firming inflation expectations have seen bond yields climb but have yet to do much...
Just Eat delivered another firm set of numbers that displayed its increasingly pivotal role in the UK takeaway market, but expansion globally is coming at a cost. Having performed very strongly to date, there is a difficult task in managing growth and building out...
Italian elections A key election but this does not appear to pose the same kind of risk as was perceived before the constitutional referendum of December 2016.Italians go to the polls on Sunday (March 4th) with the results expected to be known by early Monday...
Taylor Wimpey delivered a strong set of full-year results as market conditions remain buoyant in the new-build sector, although as expected stated profits were lower because of the provision for helping customers affected by the leasehold scandal. Revenues were up 7.9% to just shy of...
Full-year dividend back to 6.5p next year and talk of buybacks should have investors purring with delight even though a series of one-off charges meant Barclays slid to a loss in 2017.Group profit before tax and exceptional charges increased 10% to £3.541bn, boosted by...
Overall you have to call this a strong performance from HSBC but falling short of fairly lofty expectations means the stock has fallen about 4% in early trading. Higher costs, no fresh buyback and a miss on profits has investors turning a little cold...
European markets basked in the afterglow of yesterday’s gains on Wall St. In early trade, the FTSE 100 is up around three quarters of one percent, with the DAX about half a percent in the green amid a general improvement in sentiment.But Dow futures...
Following the Fed’s marginally hawkish shift last week, picking up the central bank mantle in the coming days are the Bank of England, Reserve Bank of Australia and the Reserve Bank of New Zealand. Bank of England Is the Bank of England mulling another interest rate...
Forex - US nonfarm payrolls, 13:30 (GMT), Friday February 2nd.Nonfarm payrolls increased by 148,000 in December, well short of expectations for 190,000. But earlier this week the private ADP report beat expectations, potentially setting the stage for more robust employment growth in January. Private...
After a rout in the US dollar focus shifts to whether inflationary pressures are building enough to persuade the Federal Reserve to hike more aggressively than it has been doing. State of the Union address President Trump sets out his priorities for the year ahead and...
Markets have shrugged off the US government shutdown but USD remains close to multi-year lows. US 10-year Treasury yields are holding above 2.64% and seem to be keeping the dollar index above the 90 handle. While the two have been negatively correlated for a...
Netflix is due to report fourth quarter earnings after the closing bell on Monday, January 22nd.After a market-beating rally over the last year and a price-to-earnings ratio that is eye-wateringly high, what’s in store this time?Zacks estimates place earnings per share (EPS) at 41...
Global stocks are trading at record highs as investors enjoy what can only be described as a Goldilocks market environment of synchronised global growth, low interest rates and rising corporate earnings.And this week it’s the last of these three factors that is in the...
Talk in the City ahead of Christmas was for retail to take a pasting. But it’s not all bad and there will be winners as well as losers.The updates thus far reveal a very mixed bag. Whilst Next delivered a surprisingly upbeat peak season...
Oil outlook: OPEC-US tug-o-warOil enters 2018 on a far firmer footing than it began 2017. Brent crude futures have risen beyond $62 and held the bulk of their gains following the rally since June’s trough. WTI crude has risen to above $56.Both benchmarks are...
As expected the European Central Bank left interest rates on hold and offered no new insights into when its asset purchase programme will end. There was no surprise here with the October taper announcement setting the tone for the ECB until early 2018. Only...
The Federal Reserve is odds-on to raise rates this week but that does not mean this is a dead meeting. The outlook for the future path of rates remains highly uncertain with the Fed itself wrangling over whether it can stick to at least...
Bitcoin continued its staccato march skywards on Wednesday, with prices achieving fresh all-time highs above $12,600. At the moment the momentum traders are further fuelling the bubble with speculative longs but this could be about to change. What’s driving Bitcoin prices higher? Casting around for causes...
The US dollar began the week on the front foot after the GOP tax plans were approved, opening the door to a vast fiscal stimulus for the US economy. A big win for Donald Trump, although dollar traders have to deal with the rollercoaster...
Tim Steiner has finally delivered the major international tie-up long promised to Ocado investors. This is a transformative deal for Ocado as not only will it expose the firm to a large chunk of the French market, it could also be the launch pad...
TD FX Strategy Research discusses USD/CAD outlook in light of the downside surprise in Canada's retail sales report this week."In spite of the deceleration in data surprises in the past three months, the consensus expectations of Canadian growth has continued to inch higher. We suspect...
Online continues to drive growth for William Hill, delivering the bulk of the +3% rise in group revenues to date this year. US revenues got a big lift from Mayweather-McGregor bout, the richest fight in history. Meanwhile UK retail revenues rebounded in the Jun-Oct...
More of the same from Royal Mail (RMG) with good growth in parcels and GLS while letters are in freefall decline: yet more evidence of the structural problems it faces as it heads into the key Christmas trading period. Whilst letters weigh, parcels look...
Bovis Homes turnaround on courseGreg Fitzgerald’s turnaround strategy for Bovis Homes Group (BVS) appears on track after an upbeat trading statement that confirms profits this year are in line with expectations and promises a ‘significant improvement’ to profits next year.After seeing off a couple...
Another round of Brexit talks, central bank policy decisions and more earnings releases.Brexit talksThe next round of negotiations begins on Thursday with two days of talks between the UK and EU expected to yield more progress than previous meetings. That is because the UK’s...