IG Monte Safieddine
Technical cheat sheet: USD/JPY at the infamous 150 level
We delve into historical events to craft an overview rooted in past technical analyses and fundamental factors. Our discussion spans strategies for both conformists and contrarians across weekly and daily timeframes, highlighting essential levels to watch...
7 months ago
Technical cheat sheet: GBP/USD's deceptive dance
The overview is cautious in both weekly and daily time frames, but the latter may hold the key in terms of dictating its next move. There's also sentiment from both IG clients and CoT speculators on the same side, but employing different trading styles. O...
6 months ago
Nasdaq 100: futures up after a session of limited gains
FOMC commentary and rate cut speculations There was plenty of FOMC (Federal Open Market Committee) members speaking. The attention was largely on Chairman Powell. He did not stick to a timeline on rate cuts, stating it's "too soon to say whether the recen...
6 months ago
Tesla's Q1 2024 earnings: navigating price cuts and Chinese competition
When will Tesla report its latest earnings? Both Tesla traders and investors nervously await Tuesday, 23 April, after market close, as that’s when they’ll be releasing their first-quarter results. Tesla share price: forecasts from Q1 results Traders and i...
6 months ago
McDonald's Q1 earnings: what investors need to know
When will Tesla report its latest earnings? If you're craving a Big Mac on Tuesday, April 30, it might be because that's when McDonald's Corporation is expected to release its figures for the first quarter of this year. A snapshot of last quarter's perfor...
5 months ago
Dow 30: Futures up slightly after a week of limited gains
Worrying data persists, yields remain high, but earnings from big tech impress There was quite a bit to digest from the US towards the end of last week, with stagflationary concerns on the rise. This came in light of the advance GDP (Gross Domestic Produc...
5 months ago
Dow 30: weekly technical overview buoyed by fundamental forces
Dovish FOMC stirs hopes for rate cut amid weaker data Plenty of data came out of the US last Friday, with the focus primarily on its labour market, where: Non-Farm Payrolls for April saw growth of 175K, finally experiencing a clear miss from mostly 200K+...
5 months ago
Nasdaq 100: Futures up after a red session, earnings from Apple next
FOMC dovish hold and mostly disappointing data The Federal Open Market Committee (FOMC) opted to hold interest rates steady as anticipated, with a statement citing a "lack of further progress" on inflation. However, other aspects appeared dovish, especial...
5 months ago
Technical cheat sheet: how to trade the euro against a cautious USD
In this week’s Technical cheat sheet, we’re diving into the EUR/USD currency pair, which has seen only a slight price fluctuation from 107.80 to 107.60 since mid-February. It appears the market is taking a breather, and we’re noting an environment of caut...
5 months ago