Trading Update
03-Oct-14, 9:06am:

Nonfarm Payrolls in Focus as US Dollar Rebounds

Volatility has been on the rise in global markets ahead of today’s NFP report, with the US dollar regaining some strength as USD/JPY retargets the highs.

We saw a very strong bullish technical hammer formation yesterday in US crude, although the fundamentals remain stacked against the commodity.

Update by Craig Inglis, Head of Product Development,
03-Oct-14, 9:06am:

Europe Drops as Draghi Dodges Detail on ABS

Draghi dismayed stock markets by refraining from providing any details about his ABS scheme, with traders now waiting for the US Nonfarm Payrolls report.

Interestingly, Warren Buffet has said that his 3% stake in Tesco was ”a huge mistake”, which may add further pressure to the supermarket chain.

Update by Joe Rundle, Market Analyst,
03-Oct-14, 9:35am:

Strong Oil Supply Could See Brent Fall by Another $5

With a huge increase in global production, IG talks to Malcolm Graham-Wood from HydroCarbon Capital about the actions of OPEC nations, and particularly Saudi Arabia, which could see prices continue to fall.

Despite this, if any of the geopolitical situations around the world escalate and shut down some of the supply, then we could easily return to $125 per barrel.

Update by
03-Oct-14, 10:35am:

How Are Falling Oil Prices Affecting the Energy Sector?

With crude oil prices falling on oversupply concerns, Malcolm Graham-Wood from HyrdoCarbon Capital talks to IG about which energy firms are best placed to take advantage.

Mr Graham-Wood discusses the strengths of Shell, the interplay between BP and Exxon, as well as smaller shares such as Faroe Petroleum.

Update by
03-Oct-14, 3:28pm:

Can Alcoa Break New Ground After Results?

The aluminium producer’s shift into value-added products and aerospace components has raised expectations for their latest results.

With the stock up 70% in 2014, anything above the expected EPS of $0.21 could see new highs.

Update by Alastair McCaig, Market Analyst,