Self-assessment tax returns: what you need to know about getting your tax bill right

Understanding how self assessment works can help you ensure you pay the right amount of tax, as well as avoid penalties for missing the deadline.

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/tax/income-tax/605569/self-assessment-tax-return-deadline
via IFTTT

Oats Futures ( ZOK2022 ), H4 Potential for Bearish Momentum

Type: Bearish MomentumKey Levels:Resistance:745.500Pivot:613.250Support:665.000Preferred Case:On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to head back down the the support level at 665.000, where the 78.6% Fibonacci line is.Alternative Scenario:Price may go back up and head towards the resistance at 745.500 where the 38.2% Fibonacci line is located. Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/oats-futures-zok2022-h4-potential-for-bearish-momentum6"
via IFTTT

Cocoa Futures ( CCK2022 ), H4 Potential for Bearish Drop

Type: Bearish DropKey Levels:Resistance: 2500Pivot: 2422Support: 2275Preferred Case:Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the pivot at 2422, where the 50% Fibonacci line is.Alternative Scenario:Price may go back up and retest the resistance at 2500, where the 23.6% Fibonacci line is.Fundamentals:There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cocoa-futures-cck2022-h4-potential-for-bearish-drop"
via IFTTT

Market Spotlight: Stock Rally Pauses Following NFP Surprise

Stocks Held Up Between Opposing Factors Risk markets have had a tricky start to the week with traders caught between two opposing market forces. On the one hand, a stronger USD and higher yields is acting as a headwind to asset prices. However, growing optimism around easing covid restrictions in China is helping underpin sentiment. For now, the two inputs are keeping asset prices fairly stifled, particularly in the US. Traders will now be monitoring both stories across the week with a view to how price action is likely to unfold in coming weeks heading towards the end of the year.In the US, better than expected labour market data on Friday has thrown something of a spanner in the works for equities bulls. With wages seen rising well above forecasts in November, there are clear signs that inflation might not yet have peaked. In which case, the outlook for US rates reverts back to the potential need for the Fed to lift rates above current peak projections.Looking across the rest of the week, Friday’s US PPI numbers will be closely watched for further clues as to how the November CPI number is likely to come in. Given that CPI will be released a day ahead of the FOMC rate decision, there is plenty of two-way risk in the run up to the meeting with USD and equities likely to be quite volatile and sensitive to incoming data, particularly now the Fed is in its pre-FOMC blackout period.Technical ViewsMSCIThe world stocks index shows price is currently stalled around the latest test of the 518.10 level and bear channel top. Price has been attempting to break out above the level over the last month but is still held up for now. Waning momentum studies readings suggest risk of a correction near-term. However, while price holds above the 452.09 level, focus remains on eventual break higher towards 563.77 level.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-stock-rally-pauses-following-nfp-surprise"
via IFTTT

Market Spotlight: RBA Hikes Again & Signals More to Come

Aussie Rates Hit 10-yr HighsThe RBA continued with its tightening program overnight. The December rates meeting saw the bank pressing ahead with a further .25% rate increase, as expected. Additionally, the bank signalled that further hikes would likely be necessary given the inflationary backdrop, warning that the path of monetary policy was not set in stone and is subject to change.This latest hike takes Aussie rate sup to 3.1%, their highest level in 10 years. Furthermore, the outlook given at the meeting and language around potential further increases caught some players off guard. In line with the slower pace of tightening seen over recent months, some were looking for the RBA to a signal a forthcoming pause on rate hike. However, with the bank keeping its options open and warning that further hikes might be needed, there are still upside risks.Further Hikes AheadLooking ahead, the key factors to watch for AUD will be labour and inflation data, with governor Lowe citing these two inputs as key for determining monetary policy. Should consumer prices start to cool more quickly, this will no doubt fuel expectations of a slower pace of hiking, turning focus back towards a potential pause. However, should inflation remain sticky at higher levels, this will keep the need for further rate hikes alive, and should underpin AUD.Technical ViewsAUDUSDThe rally in AUDUSD off the YTD lows has seen the market breaking above the bearish trend line from YTD highs. For now, the move has stalled into a test of the .6857 level resistance. However, while the market holds above the broken channel top, the focus is on a break of the current highs and a continuation towards the .7103 level next. To the downside, .6535 is the main support to note.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/market-spotlight-rba-hikes-again-and-signals-more-to-come"
via IFTTT

Daily Market Outlook, December 6, 2022

Daily Market Outlook, December 6, 2022 Robust US Econ Data Supports US Yields & The Dollar, Weighing On Risk Sentiment...Overnight Asian equity markets were subdued, as Wall Street saw further weakness driven by a rebound in US bond yields which provided support for the Dollar, the reversal in risk sentiment was driven by another set of strong economic data out of the US, this led markets to reprice hopes for the Fed to reduce the overall terminal rate for rate increases, dashing hopes for an early end to the rate cycle, with many investors now betting on another hawkish outcome form next week's FOMC meeting. The Reserve Bank of Australia raised rates overnight by another 25bps, as expected, in its subsequent statement, the central bank reiterated that inflation remains too high but that medium-term expectations remain well anchored. For the day ahead, the data calendar is pretty sparse, focus in the UK will be on construction PMI data, which will give an update on the very interest rate-sensitive sector, ahead of next week's Bank of England meeting, the October construction PMI saw it biggest rise in five months, with commercial building lead the way, this was offset by a distinctly weak reading for housing activity, which saw its fourth month of decline, market watchers expect the November data to show another overall increase, however, the issue is likely to be that growth expectations overall will be somewhat more sanguine, suggesting the current uptick in overall activity will likely fizzle out.  In the US markets await trade balance data later today, October international trade data suggests another meaningful rise in the overall trade deficit is likely, as US imports continue to rise rapidly, while exports continue to stagnate, this suggests a further decline in competitiveness as the strong greenback weighs on demand for US exports, underpinned by slower global growth environment, leaving exporters handicapped. Markets-wise, investors will be watching for any follow-through in the reversal in risk sentiment, especially a continuation of firmer US yields which will likely weigh on equity markets, the benchmark SP500 is testing some key support in the 3970/80 area a continued absence of buyers here could put hopes for a Santa Claus rally in further jeopardy!Overnight HeadlinesChina Reports Fewer Covid Cases As Blanket Testing Rules EasedAustralia Raises Key Rate, Reiterates Further Tightening To ComeAustralia Records First Current Account Deficit In Three YearsJapan Oct Real Wages Post Biggest Fall In 7 Years With Hot InflationJapan’s Households Spend More Despite Falling Real WagesBoJ Gov Kuroda Rules Out Rate Hike Until Wages Rise MoreFitch: World Growth Forecasts Cut Again As Inflation Fight IntensifiesECB’s Lane Confident Inflation Near Peak As More Hikes To ComeUK’s Soaring Inflation Rate Erodes Jump In Shop Sales, BRC SaysDollar Holds Firm On Hawkish Fed Bets, Aussie Tad Higher After RBAChina’s Local Credit Market Weakens Further On Fund OutflowsOil Snaps Two-Day Drop With China Demand And Russia Cap In FocusUS, EU Mull Climate-Based Tariffs Aimed At China Steel, AluminiumAsia-Pacific Markets Mixed; Beijing Eases Some Covid MeasuresPorsche Will Join Germany's Blue-Chip Index - Deutsche BoersePepsiCo To Lay Off Hundreds Of Workers In Headquarters RolesChevron Set To Take Control Of Venezuela Oil Facility This WeekTechnical & Trade ViewsSP500 Bias: Bullish Above Bearish Below 3990TechnicalsPrimary support is 3990Primary upside objective is 4120Next pattern confirmation, acceptance above 4050Failure below 3975 opens a test of 393020 Day VWAP bullish, 5 Day VWAP bearishEURUSD Bias: Bullish Above Bearish below 1.0450TechnicalsPrimary support is 1.0450Primary upside objective is 1.0620Next pattern confirmation, acceptance above 1.0550Failure below 1.04 opens a test of 1.035020 Day VWAP bullish, 5 Day VWAP bullishToday’s New York Cut Option Expiries: 1.0325 (214M), 1.0410-15 (252M)1.0425-35 (876M), 1.0550 (787M), 1.0575 (240M)GBPUSD Bias: Bullish Above Bearish below 1.21TechnicalsPrimary support is 1.21Primary upside objective 1.24Next pattern confirmation, acceptance above 1.2250Failure below 1.20 opens a test of 1.193020 Day VWAP bullish, 5 Day VWAP bullishToday’s New York Cut Option Expiries: EUR/GBP: 0.8550 (450M)USDJPY Bias: Bullish above Bearish Below 136TechnicalsPrimary resistance is 137.50Primary downside objective is 132Next pattern confirmation, acceptance below 133.50Acceptance above 138 opens a test of 139.3020 Day VWAP bearish, 5 Day VWAP bullishToday's New York Cut Option Expiries: 139.50 (370M), 140.00 (1.71BLN)AUDUSD Bias: Bullish Above Bearish below .6640TechnicalsPrimary support is .6640Primary upside objective is .6900Next pattern confirmation, acceptance above .6800Failure below .6600 opens a test of .655020 Day VWAP bullish, 5 Day VWAP bearishToday’s New York Cut Option Expiries: 0.6700 (410M), 0.6750 (292M), 0.6800 (593M) 0.6820 (327M). NZD/USD: 0.6370 (527M)USD/CAD: 1.3615-25 (1.04BLN), 1.3660 (310M)BTCUSD Bias: Intraday Bullish Above Bearish below 16500TechnicalsIntraday 16500 is primary supportPrimary upside objective is 18000Next pattern confirmation, acceptance below 17200Failure 16400 opens a test of 1600020 Day VWAP bearish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-december-6-2022"
via IFTTT

Heated airer vs tumble dryer – which is cheaper?

What is the most cost effective way to dry your clothes – a heated airer or a tumble dryer? We compare the costs.

from Moneyweek RSS Feed https://moneyweek.com/personal-finance/605568/heated-airer-vs-tumble-dryer
via IFTTT

Copper Futures (HG1!), H4 Potential for Bullish Continuation

Type: Bullish Continuation Key Levels:Resistance: 3.9600 Pivot: 3.6885 Support: 3.5545 Preferred case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is. Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is. Fundamentals: There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/copper-futures-hg1-h4-potential-for-bullish-continuation5"
via IFTTT

Palladium Futures ( PA1! ), H4 Potential for Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 2023.0 Pivot: 1945.0 Support: 1808.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the resistance at 2023.0, where the 23.6% Fibonacci line is. Alternative scenario: Price may possibly head back down towards the support line at 1808.5, where the 88% Fibonacci line is. Fundamentals: There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/palladium-futures-pa1-h4-potential-for-bullish-rise"
via IFTTT

Scottish Mortgage managers reassure investors about its recent poor performance

After a spectacular couple of decades, the Scottish Mortgage Investment Trust has fallen by 40% this year. As its managers address shareholder concerns, we ask if now is the time to buy.

from Moneyweek RSS Feed https://moneyweek.com/investments/funds/investment-trusts/604911/should-you-buy-scottish-mortgage-investment-trust
via IFTTT

S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish Continuation

Title:S&P 500 E-mini Futures ( ES1! ), H4 Potential for Bullish ContinuationKey Levels:Resistance:4173.25Pivot: 3913.25Support: 3751.75 Preferred case: On the H4 chart, we have a bullish bias. Furthermore, the price is above the Ichimoku cloud , indicating a bullish market. If the bullish trend continues, expect price to possibly move towards the 4173.25 resistance level , where the 78.6% Fibonacci Fibonacci line is.Alternative scenario: Price could head back down to retest the pivot line at 3913.25, where the 50% Fibonacci line is.Fundamentals: There are no major news.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-500-e-mini-futures-es1-h4-potential-for-bullish-continuation5"
via IFTTT

Daily Market Outlook, December 5, 2022

Daily Market Outlook, December 5, 2022 Hang Seng & The Chinese Yuan Buoyant On Covid Restrictions EasingFurther indications of curbing of Covid restriction policies in China supported Asian equity markets overnight, with the Hang Seng surging 9%, the Chinese Yuan was also a stand-out performer pressuring the Dollar to print two-and-a-half-month highs. CFTC data continues to suggest a lightening of positioning in the dollar as the Euro and Sterling remain preferred by investors for now. For the week ahead markets will continue to eye the China headlines for further signs of an easing in restrictions, on the data front we have a relatively quiet slate, highlights include US ISM services and European retail sales released today, central bank meetings for Canada and Australia, with both monetary policymakers set to raise rates again, for the remainder of the week markets will eye US producer price inflation data released Friday, ahead of next week's all-important CPI release. FOMC policymakers will monitor this data for further indication of moderation in goods and services inflation. US GDP data is expected to remain positive in Q4 and today's ISM release should confirm that view, other US data on tap this week includes the trade balance and Fridays University consumer sentiment. In the Eurozone Q3 GDP, out Wednesday is expected to come in at 0.2% quarter over quarter, retail sales and German factory orders are expected to remain impacted by energy prices in the region. In the UK focus will be on survey data with today's services PMI is expected to confirm the 'flash' estimate with a second consecutive month of contraction. The BRC will release its 'unofficial' figures for November, which will give the first signs of consumer appetite as we head into the festive shopping period.Overnight HeadlinesChinese Cities Ease Curbs But Full Zero-Covid Exit Seen Some Way OffChina’s Services Sector Contracts At Fastest Pace Since MayChina Steps On Washington’s Toes As Xi Heads To Saudi ArabiaChina PBoC To Reduce OMOs To Avoid Liquidity Excess - Sec. JournalPentagon Warns China On Asia-Pacific: US Will Keep War-Fighting EdgeJapan's Service-Sector Activity Growth Hits 3-Month Low -PMIGerman, French Central Bankers Say Inflation Will Return To GoalUK Faces Recession and Lost Decade Without Growth Plan, CBI SaysBoE's Dhingra: UK Rates Should Peak Below 4.5% To Avoid Deep RecessionOffshore Yuan Rises Past 7-Per-Dollar On China Reopening ShiftBankman-Fried Says He Will Testify Before U.S. House CommitteeGlobal Debt Extends Best Run Since Pre-Covid On China, Fed BetsOil Rises As China Loosens Curbs And OPEC+ Keeps Output SteadyRussia Mulls Banning Oil Supplies Subject To Western Price CapChina Stocks Gain As Easing Of Covid Curbs Buoys MarketsBargains Begin Luring Big Banks Back To China Bets For 2023Credit Suisse’s Investment Bank Spin-Out Attracts Saudi Crown PrinceTechnical & Trade ViewsSP500 Bias: Bullish Above Bearish Below 4000TechnicalsPrimary support is 4000Primary upside objective is 4120Next pattern confirmation, acceptance above 4100Failure below 3975 opens a test of 393020 Day VWAP bullish, 5 Day VWAP bullishEURUSD Bias: Bullish Above Bearish below 1.04TechnicalsPrimary support is 1.05Primary upside objective is 1.0620Next pattern confirmation, acceptance above 1.0550Failure below 1.04 opens a test of 1.035020 Day VWAP bullish, 5 Day VWAP bullishToday’s New York Cut Option Expiries: 1.0300 (560M), 1.0445-50 (1.02BN), 1.0500 (728M), 1.0570-75 (1.04BN)GBPUSD Bias: Bullish Above Bearish below 1.21TechnicalsPrimary support is 1.21Primary upside objective 1.24Next pattern confirmation, acceptance above 1.2250Failure below 1.20 opens a test of 1.193020 Day VWAP bullish, 5 Day VWAP bullishToday’s New York Cut Option Expiries: 1.2300 (253M)EUR/GBP: 0.8500 (1.7BN)USDJPY Bias: Bullish above Bearish Below 136TechnicalsPrimary resistance is 136Primary downside objective is 132Next pattern confirmation, acceptance below 133.50Acceptance above 136.10 opens a test of 137.5020 Day VWAP bearish, 5 Day VWAP bearishToday's New York Cut Option Expiries: 134.00 (980M), 135.45 (362M), 136.00 (291M)AUDUSD Bias: Bullish Above Bearish below .6700TechnicalsPrimary support is .6700Primary upside objective is .6900Next pattern confirmation, acceptance above .6800Failure below .6700 opens a test of .660020 Day VWAP bullish, 5 Day VWAP bullishToday’s New York Cut Option Expiries: N/ABTCUSD Bias: Intraday Bullish Above Bearish below 16500TechnicalsIntraday 16500 is primary supportPrimary upside objective is 18000Next pattern confirmation, acceptance below 17200Failure 16400 opens a test of 1600020 Day VWAP bearish, 5 Day VWAP bullish

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/daily-market-outlook-december-5-2022"
via IFTTT

Oil Forecast: Potential Jump Ahead

Oil has pulled from the supporting zone formed between the levels 82.50 and 83.70 several times in a row, leaving very long spikes behind. Currently, oil prices are repeatedly approaching the supporting zone. Hence, oil might potentially pull from the level of 82.50 and jump to the level of 100. So, let’s observe what is going to happen next.Silver is heading up. The asset might gain the required support at the level of 22.30, which is located next to the uptrend. Silver is likely to hit the level of 24.75 next.Bitcoin remains at the level of 17000. It seems that the asset is forming a bullish flag again. In principle, Bitcoin might potentially break through and hit the level of 18500 next.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/oil-forecast-potential-jump-ahead-05-12-2022"
via IFTTT

US November wage growth remains solid, dashing hopes for the Fed Pivot

US November Payrolls gained 263K, according to the report released by the BLS on Friday. The reading beat estimates however MoM growth was the lowest since April last year.Consensus estimate was 200K, October reading was revised up to 284K. Unemployment level remained unchanged at 3.7% which was in line with the forecast. In the private sector, the number of jobs increased by 221K, in the public sector – by 42K. A significant increase in the number of jobs was noted in the leisure and hotel business - by 88K, in the healthcare sector - by 45K. Meanwhile, in the retail trade and in the logistics sector, the number of jobs declined by 30K and 15K, respectively. Private sector average hourly wage increased by 0.6% in November compared to the previous month. In annual terms, the indicator rose by 5.1% after rising by 4.9% in October. Thus, the pace of wage increases in the United States significantly exceeds the pre-pandemic rates of 2-3%.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/us-november-wage-growth-remains-solid-dashing-hopes-for-the-fed-pivot"
via IFTTT