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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.
Federal Reserve FOMC Stocks
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...
Federal Reserve
Will the Federal Reserve start to reduce its balance sheet or will it opt to wait a little longer? FOMC meeting Hold 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...
London Stock Exchange FTSE
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...
Bank of England
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 doves After the early summer saw fairly hawkish leanings, the market has been...
Bank Of England
North Korea The 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...
Mario Draghi
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...
London Stock Exchange FTSE
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...
London Stock Exchange FTSE
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...
Euro Currency
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...
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...

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