Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

The Trade: deeper decline ahead for global indices amid cryptocurrency turbulence

IG's Tony Sycamore provides insight on the current volatile conditions affecting major indices like the NASDAQ and S&P, alongside the Australian equities and the implications for upcoming economic data releases.

Video poster image

[AI generated]

This video was created on 5 August for IG audiences by ausbiz.

IG's Tony Sycamore delves into the current unstable market conditions, focusing on significant downturns in indices such as the NASDAQ and S&P. Pointing out breaks in uptrend support that might signal further declines amid global tensions and recession worries. A potential drop in the NASDAQ 100 towards its 200-day moving average, noting the absence of market capitulation signs.

Australian equities are also wrestling with uncertainty. Fluctuating support levels for the S&P and upcoming economic data, like the ISM services PMI, are likely to affect both US and Australian markets and their currencies, especially with differing central bank policies contributing to the volatility.

In regards to the oil markets, where pricing strategies now have to consider not only demand concerns but also geopolitical tensions. A cautious buying strategy is suggested as that current levels might offer support despite the broader risk-off environment impacting global markets.

Cryptocurrencies, notably Bitcoin, were discussed as highly sensitive to risk aversion and economic indicators. The rapid price changes in digital currencies underscore the broader market instability and the high-risk nature of these investments during tumultuous times.


This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Speculate on commodities

Trade commodity futures, as well as 27 commodity markets with no fixed expiries.

  • Wide range of popular and niche metals, energies and softs
  • Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
  • View continuous charting, backdated for up to five years

Put learning into action

Try out what you’ve learned in this commodities strategy article risk-free in your demo account.

Ready to trade commodities?

Put the lessons in this article to use in a live account – upgrading is quick and simple.

  • Deal on our wide range of major and niche commodities
  • Protect your capital with risk management tools
  • Enjoy some of the best spreads on the market – Spot Gold from 0.3 points

Inspired to trade?

Put what you’ve learned in this article into practice. Log in to your account now.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.