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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Beat the street: Fed, BoE, BOJ and RBA this week

Traders brace for monetary decisions from the Federal Reserve, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.

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Alphabet, all-sessions, rises on a Bloomberg report that Apple is in talks to build Google's Gemini AI engine into the iPhone. Plus, New York and London cocoa climb to record highs.

(AI Video Summary)

Interesting tech news updates

In today's edition of "Beat the street", Angeline Ong talks about important events that traders should pay attention to. One exciting event is that Apple might integrate Google's Gemini AI engine into the iPhone. This could be a big deal for both companies. Another interesting point is that cocoa futures have doubled since the start of 2024, which means the price of cocoa has gone up a lot.

A look at the equity markets

The equity markets, which are where stocks are traded, are currently trading sideways. This means that the prices of stocks are mostly staying the same and not going up or down much. Ong also mentions a consolidation pattern in the market, which is when the prices of stocks are moving within a certain range. She mentions specific numbers like 38,020.00 and 39,330.00 to show where the consolidation pattern is happening.

DailyFX interview feature

There is also an interview with Richard Snow, a market strategist at DailyFX, who talks about the potential volatility in the FX market. The FX market is where different currencies are traded. Snow mentions that the Bank of Japan's meeting and wage growth in Japan could cause some big changes in the FX market. He also talks about how inflation could affect the Fed's rate cut outlook and other central banks.

US dollar basket news

She also talks about the US dollar basket, which is a measure of the value of the US dollar compared to other currencies. She then mentions the potential for the US dollar to go up even more if there is a breakout with higher volumes. The NASDAQ, which is an index of tech stocks, has had a recent breakout but might be getting close to exhaustion levels.

Company and commodities news

Ong discusses Apple considering integrating Google's AI engine into the iPhone and how it has affected Alphabet's shares. She also mention that Apple is talking to Microsoft-backed OpenAI. Other interesting topics are discussed, like an upcoming earnings report from FedEx, competition in the electric vehicle market, and the ongoing issues with Boeing. The doubling of cocoa prices and the rise in oil prices is also mentioned.

Overall, the video mentions a lot of exciting things happening in the trading world, from important events to potential market moves. The markets are currently trading sideways, and traders are waiting for central bank meetings and the Fed's decision.

This information has been prepared by IG, a trading name of IG Markets 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. See full non-independent research disclaimer and quarterly summary.

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