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.
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 three 25-basis-point increases next year.With...
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 for these fresh gains, you...
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 Mueller investigation, which poses a...
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 for many more international partnerships....
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 the market is likely to...
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 quarter as revenues from fixed...
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 solid, GLS is strong and...
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 of opportunistic bid attempts earlier...
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 chief negotiator and Brexit secretary,...
‘Off the charts’ – that’s how Apple has described pre-orders for its tenth anniversary phone the iPhone X. But will there be enough else in the Q4 earnings update to keep the share price at record highs?Apple (AAPL) is due to report fiscal fourth quarter earnings after the close on...
More passengers, lower fares and on course for another record profit - investors might be wondering what all the fuss was about in the wake of September’s cancellation fiasco.A strong Easter meant traffic grew 11% to 72m for the first half despite the cancellations in September. Profits also grew...
Investors lose patience in BarclaysInvestors have become impatient with Barclays and its chief, Jes Staley, and today it looks like some have lost patience completely. This was a first quarter not in flux but it wasn’t the best overall. Nevertheless once the bank can focus on doing the basics...
Dunelm positive despite ‘challenging market’Under promising and over-delivering is a good approach for boards and investor relations departments, but are retailers overdoing ‘post-Brexit tough market conditions’ worries? It’s become almost a reflex, with mention in virtually every company update this year. UK retail sales numbers continue to show resilience...
From Donald Trump’s election to a failed coup attempt in Turkey, there have been plenty of political events to stoke volatility in the forex markets.Indeed of the top most volatile FX pairs the consistent theme is political uncertainty, muddy economic data and a sliding US dollar throughout 2017 that...
Overview: A very strong economic backdrop looks set to deliver another round of positive earnings growth in the third quarter. The bar is actually quite low for Q3 earnings, which may support further stock market gains. Wall Street records First to note, stocks are heading into earnings season after notching a...
Will hurricanes have an impact on jobs and will the market even care?Friday’s non-farm payrolls are forecast to be weaker - something in the region of 80k-100k is expected, which would be a fairly significant slowdown from 156k the month before.However given the storms it seems unlikely anyone is...
Airline stocks rally as Monarch failsUsually what’s bad for one airline – higher fuel costs, terror attacks, air traffic control strikes – are bad for the sector. Shares in the various players have a tendency to track each other with some consistency. But the failure of Monarch is good...
The Federal Open Market Committee faces a big test this week – can it announce the start of its balance sheet reduction operation without sparking something like a taper tantrum? This is one of the key meetings of the year as the monetary policy statement will be accompanied by...
Will the Federal Reserve start to reduce its balance sheet or will it opt to wait a little longer?FOMC meetingHold on to your hats: the time has arrived for the Federal Reserve to start unwinding its gigantic balance sheet. At least that is what the market is expecting from...
Monday (September 18th) sees the latest shake up of the FTSE 100 and FTSE 250 indices.NMC Health and Berkeley Group Holdings will join the FTSE 100, while Provident Financial and Royal Mail are demoted to the FTSE 250.Promoted to the FTSE 250 Index are Alfa Financial Software Holdings, Sequoia...
The Bank of England’s Monetary Policy Committee (MPC) reconvenes this week with the full complement of nine voting members for the first time since March as Dave Ramsden arrives from the Treasury for his first meeting.Hawks v dovesAfter the early summer saw fairly hawkish leanings, the market has been...
North KoreaThe ongoing tensions on the Korean peninsula are likely to set the tone for financial markets throughout the week. Markets remained jittery all last week, with equities and other risk assets enduring bouts of selling after a fresh nuclear test and threats of the US receiving more “gift...
Key points from ECB statement and press conference‘Bulk’ of QE decisions to be taken at October meeting EZ growth stable and broad based - GDP outlook revised up to 2.2% in 2017, best growth since 2007 Medium-term inflation projections revised lower chiefly due to euro appreciation Measures of...
Redrow results: a handle on Barratt finals?Barratt Developments, Britain’s biggest housebuilder, reports full-year results on Wednesday after a series of upbeat reports from rivals. Housebuilders rallied on Tuesday on the read across from an upbeat report from Redrow, which saw profits rise 26% over the last year. RDW shares...
Provident Financial and Royal Mail out of FTSE 100“As might be expected after your share price craters nearly 70% in a single day, Provident Financial is being booted out of the FTSE 100. PFG shares have rallied 50% since then to shy of £9, having been worth £32 as...
Is there any stopping the euro?The single currency continued its march higher on Tuesday as it breached key levels against the dollar and pound. EURUSD broke $1.20, the strongest since January 2015, while EURGBP rose to 0.93 to build on its 8-year high. Meanwhile the North Korean missile launch...
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....
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.BrexitBack to school: Theresa May is back from holiday and the term starts in earnest with plenty of Brexit homework to be handed in. The...
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...
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...