Independent Investor News and Updates

Week Ahead: Banks Kick off Wall Street Earnings Season

Author: Phil Evans / In News

Wall Street Earnings The fourth quarter kicked off with a series of fresh all-time highs for the major US indices and bulls will be eyeing fresh momentum from the start of the third quarter earnings releases. The major Wall Street banks kick things off, with Citigroup, JPMorgan, Bank of America and Wells Fargo all due to update the market this week. As is customary, analysts have been dialling back their Q3 earnings estimates over the last few months. Earnings have been strong so far this year, with EPS growth of 13.6% in Q1 and 11.1% in Q2, but according to Zacks Investment Research expectations for Q3 have declined to a mere 3.2%. US Inflation and Retail Sales Expectations for a December rate hike by the Federal Reserve will either be gilded or dented by the double-helping of CPI inflation and retail sales data on Friday. As has been repeated time […]

Updates to ETX Capital Platform

Author: Phil Evans / In News

Chart Toolbar Update We have moved the chart toolbar so that all options run along the top of the screen just below the account summary information. This toolbar will appear when you are using the chart. When you select one of the drawing tools you will be put into drawing mode where you can select other drawing tools, edit, copy and delete them from the drawing tool icon. Settings and indicators are part of the chart toolbar. Heikin-Ashi Chart type The Heikin-Ashi chart looks like the candlestick chart but the method of calculation and plotting of the candles on the Heikin-Ashi chart is different from the candlestick chart. Heikin-Ashi candles are different and each candle is calculated and plotted using some information from the previous candle: Close price: Heikin-Ashi candle is the average of open, close, high and low price. Open price: Heikin-Ashi candle is the average of the open […]

Week Ahead: Will German Elections Set Pulses Racing?

Author: Phil Evans / In News

Germany’s federal elections look set to return Angela Merkel to power, but are markets overly complacent? German Elections As far elections go, Germany’s upcoming federal poll is hardly the most exciting. But after the shock of Brexit and Donald Trump, boredom may be a welcome relief for investors. Angela Merkel is odds-on to return to power and continue her reign as chancellor, a position she has held since 2005. Victory would easily make her the longest-serving western leader and cements her position as Europe’s pre-eminent politician. Her Christian Democratic Union and Bavarian sister party the Christian Social Union are expected to gain a third of the popular vote, comfortably enough to make it the leading bloc in any ruling coalition. The question is who will form the junior partner or partners. As by far and away the biggest power in the EU, the elections have vital ramifications for everything from […]

Week Ahead: All Eyes on the Federal Reserve

Author: Phil Evans / In News

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 the Federal Open Market Committee (FOMC) when it convenes this week for a key policy meeting. Minutes from recent meetings show a fissure opening up between those who favour waiting before reducing the $4.5 trillion balance sheet and those who think the US economy is ready for stimulus to be removed. As far back as June, Fed chair Janet Yellen said the central bank would start to reduce the size of its balance sheet “relatively soon”. Markets expect soon to mean this week’s meeting. The next FOMC meeting is in October, but without a press conference to explain the […]

Week Ahead: North Korea Looms, Bank of England Meeting in Focus

Author: Phil Evans / In News

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 packages” from the Pyongyang regime. Bank of England The Bank of England will meet to decide interest rates this week, with the announcement due at the usual time of midday on Thursday. Expectations that the Monetary Policy Committee is moving closer to raising rates has been tempered by a slight slowdown in inflation and concerns that growth is precarious. Policymakers are expected to leave the Bank Rate unchanged at 0.25% and make no adjustments to the size of the asset purchase programme. The pound has been sensitive to rate hike speculation but with MPs sitting and scrutinising Brexit talks again, […]