IG trading the markets IG Group

With scheduled corporate news in the background, traders will have a heightened sensitivity to the FX markets. On Thursday there is the ECB rate decision. As IGTV’s Jeremy Naylor explains, it’s not the decision itself after the green light was lit last week, by ECB chief Christine Lagarde, it’s more about whether the cut is one and done or if there are more to come this year. Other rate decisions in the coming week are in Canada and India. Outside of this, once the dust has settled on EUR/USD the spotlight returns to that cross with Friday’s release of US non-farm payrolls.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube

Anglo may have rejected BHPs advances yet again. But, the courtship is not over. John Meyer, mining analyst and partner at SP Angel tells IG’s Angeline Ong that BHP could come back again in 6-months. BHP, he says, could also look at other suitable takeover alternatives like Antofagasta and Freeport-McMoran.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"

Transformative or troubling? Buy-now-pay-later (BNPL) products are a type of short-term loan offered at point of purchase, with little in the way of checks, fees or interest. IG’s Angeline Ong caught up with Tematica Research’s CIO Chris Versace to find out why he thinks BNPL is here to stay, especially in a time when the ‘stretched consumer’ narrative is likely to continue.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"

The Nvidia frenzy is leading some investors of the chip giant wondering how they can take risk off the table. Anthony Ginsberg, manager of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) says one way to diversify is to invest in data centre-related stocks. Ginsberg also explains why he thinks cheaper non-US EV manufacturers are set to gain traction in the coming months.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"

While it is a quiet week ahead, with both the UK and US out for a long weekend on Monday, there are some data points to watch out for of interest. Most notably in Germany where there’s the Ifo business sentiment on Tuesday, consumer confidence and CPI data on Wednesday and retail sales in the German economy on Thursday. For this there’s a technical set up for a short position on the Dax. In the US on Friday there’s personal income and spending alongside PCE data for April. On the corporate agenda it is relatively quiet with two all-session US stocks to watch on earnings with HP reporting fiscal second quarter earnings on Tuesday and Best Buy on Q1 before the bell on Wednesday.  Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) 

Traders brace for earnings from Nvidia, a raft of Fed speakers, and flash manufacturing and services PMIs as Wall Street continues to grind upwards. Chris Versace, CIO of Tematica Research joins IG’s Angeline Ong to discuss why he thinks the S&P 500 could breach 5,600 by the end of 2024.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) *Your capital is at risk. 71% of retail CFD accounts lose money*