Trading Update
03-Jul-14, 9:19am:

Markets Expect a Positive Non-Farms Report After Strong ADP



The dollar is making gains against the yen and gold is drifting lower as the above expectations ADP jobs number boosts expectations for the Non-Farm Payrolls report.

In addition, a wealth of economic data, including an ECB rate meeting, could see a spike in volatility, particuarly around the 1:30pm NFP release.



Update by Craig Inglis, Head of Product Development,
03-Jul-14, 9:19am: Ahead of today’s key ECB rate meeting and Non-Farm Payrolls data, European markets have opened fairly mixed.



Update by Adrien Cohen, Market Analyst,
04-Jul-14, 10:39am: After the Dow hit the 17,000 level following strong NFP figures, stocks are slightly lower this morning because of the Independence Day holiday.



Update by Mark Priest, Market Analyst,
07-Jul-14, 8:54am: European stocks are seeing some weakness this morning after some good US unemployment data saw a strong performance last week.



Update by Adrien Cohen, Market Analyst,
07-Jul-14, 8:54am:

US Earnings Expected to be the Next Market Catalyst



Following a busy week that included spectacular NFP data, IG discusses what to expect from the week ahead.

The main focus is likely to be on the start of US earnings season, with Alcoa and Wells Fargo reporting data, as well as on UK stocks such as Taylor Wimpey.



Update by Chris Beauchamp, Market Analyst,
07-Jul-14, 9:26am:

US Dollar Comes Under Pressure After NFP Gains



The US dollar saw some gains after the latest Non-Farm Payrolls, however, the currency has come under pressure against the yen as traders consider future direction.

In addition, EUR/USD is continuing to slump, whilst GBP/USD is rallying on the UK’s economic outlook.



Update by Craig Inglis, Head of Product Development,