IG Angela Barnes
Gold sets a new record high
US indices The session was mixed overnight in the Asia–Pacific (APAC) region, following the lead of US indices on Monday. Hong Kong’s Hang Seng recorded the best performance. The Caixin China General Manufacturing PMI A few important statistics were publi...
6 months ago
Japanese Yen strengthens as intervention woes linger
Despite the BOJ's exit from ultra-loose policy at its last meeting, the currency has remained weak, as comments accompanying the decision indicated that the next rate hike will be some time away. The ten weakness is not what the Bank of Japan was expectin...
6 months ago
UK house prices fell 1% in March
US indices US indices ended Thursday’s session in the red. The Dow Jones Industrial Average (DJIA) is on track to post its worst weekly performance in 2024. Asia–Pacific (APAC) equity markets followed the US lead, with Japan’s Nikkei shedding more than 2%...
6 months ago
The Fed remains cautious
European markets European markets closed higher on Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter. In the US, the S&P 500 and Nasdaq composite posted modest gains. In Asia, Japan’s Nikkei outperformed the re...
6 months ago
Oil prices up and gold hits record as traders weigh geopolitical risks
Rising geopolitical uncertainties, especially following the recent Israeli attack on an Iranian embassy in Syria on 1 April, has lifted demand for the precious metal. Gold also received a significant boost from major central banks such as the US Federal R...
6 months ago
Tesla shares fall on delivery miss
APAC equity markets Asia–Pacific (APAC) equity markets fell overnight in the wake of US indices performance on Tuesday. Dow Jones Industrial fell for a second day as economic data pushed Treasury yields higher. The probability of a Fed rate cut in June ha...
6 months ago
FX traders await central bank decisions for fresh impetus
US Federal Reserve meeting minutes will also be closely monitored on Wednesday, as IGTV’s Angela Barnes explains. (AI Video Summary) Reserve Bank of New Zealand The financial discourse revolves around impending central bank announcements affecting cur...
6 months ago
US CPI, ECB ahead
The dollar The USD was relatively stable on Monday. The dollar basket briefly jumped on Friday at the release of March non-farm payrolls before paring its gains. Investors now look ahead to US inflation data on Wednesday. The consumer price index is expec...
6 months ago
Geopolitics triggers a risk-off mood
Asia-Pacific markets Asia-Pacific markets slipped as traders weighed the impact of Iran's drone and missile attacks on Israel over the weekend and turned to safe haven assets. The USD index stayed firm, having already posted its biggest weekly gains since...
6 months ago
Four of the Magnificent Seven are in the limelight this week
The volatility index The volatility index was down on Monday after rising to a six-month high last week. European indices started the week in positive territory, matching Asia–Pacific (APAC) performance. After an agitated week, the currency market remaine...
5 months ago
Yen falls under suspected intervention
USD/JPY The yen jumped suddenly against the dollar on Monday morning, after USD/JPY hit ¥160 earlier, its weakest level since April 1990, with traders citing yen-buying intervention by Japanese authorities to boost the currency. The Japan Ministry of Fina...
5 months ago