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Trader's View - APAC brief 10 Aug

ASX yesterday: SPI futures have the ASX200 edging slightly higher this morning, following a day in which the Australian market challenged the significant 6300-handle once more. The strong activity perhaps came as somewhat of a shock to traders, given the humdrum session on Wall Street the night before, combined with the floating of several geopolitical risks. Some solid earnings reports set the foundations for the yesterday’s run, namely from financials stocks Suncorp and Magellan; but the real

JasmineC

JasmineC

Oil slips 3% - EMEA brief 9 August

Asia share markets mixed, China up on stimulus hopes GBPUSD hits a one year low as Brexit fears continue. Sterling’s slump guided the FTSE on a stellar rally. USD/TRY poised for continued big volatility swings over US/Turkey meeting. Oil price steady after sliding 3% yesterday. Asian overnight: Asian stocks were largely higher, with Japanese indices providing the one outlier amid a wider rally led by rampant upside for Chinese and Hong Kong stocks. One major dra

JamesIG

JamesIG

Trader's View - APAC brief 9 Aug

Trade war: Geopolitical ructions became the dominant theme late in North American trade, setting up a day for Asian markets distracted by trade-war developments and rising diplomatic tensions in other geographies. The heightened trade war anxieties were piqued by news that China would be slapping retaliatory tariffs of 25 per cent on $US16b worth of US imports, in response to the Trump administrations go-ahead earlier in the week to implement comparable tariffs on Chinese imports. The trade conc

JasmineC

JasmineC

Tweets boost Tesla - EMEA brief 8 August

Earnings solid coming from the US continues to push futures up overnight. Oil prices held steady, supported by a report of rising U.S. crude inventories as well as the introduction of sanctions against Iran. Elon Musk tweeted last night regarding taking Tesla private. Stock up as he quoted a $420 price target. Crypto markets slump following SEC bitcoin ETF delay. Today there’s a 39.1 point FTSE div (updated from 39.0 on the dividend adjustment post) and a 25.8 Dow div

JamesIG

JamesIG

IG Community - check out our new video below

A trading forum and help and support network for IG clients The new IG Community has been live for a few weeks now and I just wanted to update all Community members on a couple of things, including a showcase of a brand new promotional video. This should be useful for those who haven't used Community before but what to know more - it's well worth a watch. If you have any comments or questions regarding the new forum please let us know in the Comments section below. We're always looking

JamesIG

JamesIG

GBP 11 month lows - EMEA brief 7 August

Solid US earnings yesterday support the Asian market and China sees a rebound. GBP has slipped to its lowest level in 11 months on Brexit ‘no deal’ fears. The British heatwave and World Cup has boosted discretionary consumer spending in July according to Barclaycard. Oil gains as US renews sanctions against Iran. Gold gains slightly as lower price levels and the key level of $1200 support seen historically induce buying.   Asian overnight: Asian markets wer

JamesIG

JamesIG

Dividend Adjustments 6 Aug - 10 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: Special Divs are highlighted in orange  How do dividend adjustments work?  As you know, constituen

JamesIG

JamesIG

German factory and PMI - EMEA brief 6 August

Fresh trade war chat causes Asian equity markets to see red as investors remain spooked. PBoC helps support Chinese assets by raising the reserve requirements on some forward FX positions, effectively making it more expensive to bet against the the Chinese currency. US dollar remains steady on the US jobs data on Friday, with currency markets focusing on the yuan. Saudi crude production printed a surprising dip in July, and with American shale production seemingly plateauing

JamesIG

JamesIG

Trade Wars Re-upped, A Dollar Run and Apple's $1 Tln Market Cap - DailyFX Key Themes

US-China Trade War Moving Beyond Boundaries As expected, the relief from trade wars didn’t last long. Not a week after US President Trump and EU President Juncker announced an armistice on tariffs between the two dominant economies, the former revived pressure on its favorite target: China. Trump had issued threats of escalating tariffs against its trade-dependent counterpart over previous weeks, but the impact of the warning seemed to come with shorter half-lives than what we had experienc

JohnDFX

JohnDFX

Apple $1,000,000,000,000 - EMEA brief 3 August

BoE raised rates yesterday in a universal vote for a 0.25 percent increase. Apple wins the race to the first trillion dollar company valuation in history closing up 3% on the day, 35c above the required $207.04 a share mark. Yes, that's trillion with 12 zeros as quoted in the title. US dollar at 2-week high as trade war dents confidence. Sonos Inc traded in a range as large as 35% (low to high) in debut IPO. Oil prices steady supported by speculators and traders placi

JamesIG

JamesIG

BoE Super Thursday - EMEA brief 2 Aug

Poor EoY results helped  pushed the FTSE lower yesterday as miners sold off, whilst the White House threat for further Chinese tariffs had a negative impact on the S&P energy and industrial sector which also suffered. In the US the Fed decided to hold rates ahead of a likely September hike. Range remains in the 1.75 to 2 per cent channel. According to a US trade representative, the refusal of China to meet US demands, along with implementation of retaliatory tariffs on US goods

JamesIG

JamesIG

FOMC today - EMEA brief 1 August

Asian equity markets have crept slightly higher overnight following on from a firm Wall Street finish yesterday. Apple gains 4% on good results yesterday as it races with Amazon to be the world's first trillion dollar company. Turkey sharply increased their inflation forecast yesterday to 13.4% just a week after keeping interest rates on hold. Bitcoin pulls back to a one week low, however still ends the month about 20% higher MoM. Oil has pulled back after industry da

JamesIG

JamesIG

BoJ maintains policy - EMEA brief 31 July

Asian markets broadly subdued to to global tech sell off. BoJ pledged to keep it's interest rates 'very low' and added flexibility measure to its stimulus package. This decision leads the way with the big IR decisions taken by the leading central banks this week. U.S. Federal Reserve concludes its policy meeting on Wednesday and the Bank of England is seen raising interest rates on Thursday. Dollar ends up paring losses against the yen after the Bo

JamesIG

JamesIG

BoE rate changes this week? - EMEA brief 30 July

Asian overnight equity markets broadly subdued for central banks data test.  Dollar steady and range bound before key central bank meetings this week. Oil is mixed, however brent has eased as trade tensions continue to weigh. Gold prices have eased on the slightly stronger dollar. With Facebook, Twitter and Intel results all disappointing last week, the street may be cautious with the release of Apple's end of year tomorrow. Asian overnight: Overnight markets ha

JamesIG

JamesIG

Trade War 'Relief', Key Rate Decisions and Apple Earnings - DailyFX Key Themes

Trade War Relief, But How Much? Finally, some trade war respite. Or at least, what looks like relief. Following week after week of steadily escalating threats and a few decisive actions (and retaliations) along the way, there was finally a joint statement of agreement between key global leaders. Following their meeting in Washington DC, US President Donald Trump and European Union President Jean Claude-Juncker issued a statement of success this past Wednesday. Any pause in this quickly bal

JohnDFX

JohnDFX

Dividend Adjustments 30 Jul - 03 Aug

Expected index adjustments  Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30 July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  NB: Special Divs are highlighted in orange  Special Dividends Index Bloomberg Code

JamesIG

JamesIG

Twitter earnings today - EMEA brief 27th July

European shares seen opening slightly higher Interest rates and details of asset purchases by the ECB remain unchanged after yesterdays meeting. No mention of protectionist policy or further details on the supposed resolution of aluminium and steel tariffs were given by Draghi. Prescription cannabis for medical use is now legal in the UK after a reclassification of the drug. Amazon smash forecasts of $2.54 EPS with a healthy $5.07 for their end of years. Sky br

JamesIG

JamesIG

ESMA margin rules from July 30th

New ESMA regulations coming into force for the EU region are set to standardise the way margin close out rules work for retail traders. On the IG trading platform the new margin close-out rules will come into effect from 1pm on Monday 30 July. Please find an overview of the new regulation and how this may effect your account. We've included a useful video and a worked example which may also help.  Please remember that these changes only affect retail clients of EU firms (that are subject to

JamesIG

JamesIG

US/EU trade talks go well - EMEA brief 26th July

Asian equity markets mixed overnight on better than expected Trump trade talks, but poor US futures - notably Facebook results. Saudi Arabia is suspending the shipment of oil via the Red Sea following an attack from Yemeni Houthi. Gold steady as dollar eases after US and EU trade talks. Big results day for the European market with Shell, Diageo, Nestle, Daimler, and AB InBev set to give trading updates. The corporate focus remains crucial for US markets of late, with

JamesIG

JamesIG

How will the new ESMA rules affect my IG account?

If you have any questions regarding the information below please add a comment. To get the best experience on Community please make sure you LOGIN. Notifications, private messages (if required), and tagging are only possible if you are logged in.   In January, ESMA proposed a number of changes for leveraged retail traders within the EU region and kicked off a consultation period to open up the discussion. Over 14,600 people had their say via the #ReplyToESMA website, with an overwhelmi

JamesIG

JamesIG

Turkish lira crash - EMEA brief 25th July

The Turkish lira crashes yesterday as the central bank decided to keep rates unchanged despite soaring inflation. The UK housing market looks to remain stagnant as figures released by HMRC showed housing transactions slipped last month by as much as 3%. House sales were down nearly 6% YoY. Housing market data in the US set to release today, so keep an eye out at 12 midday and 3pm for mortgage apps and new home sales figures.  Banking shares continue to gain globally. Metro bank has

JamesIG

JamesIG

Chinese equity 1mo high - EMEA brief 24th July

Asian market gain whilst Chinese shares hit a 1 month high on hopes of a government stimulus package.  Hedge funds bet on higher government bond yields extending the USD gains, and prompting a gold sell off. Oversupply worries continue with oil causing a drop in prices.  Despite Google's Alphabet multibillion dollar fine, shares jump on results to a record breaking all time high. Crypto markets currently up but generally trading in a range.  Asian overnight: A p

JamesIG

JamesIG

Retail sector profit warnings - EMEA brief 23rd July

Fear of an increase in protectionism from the United States causes Asian equity markets to dip. Profit warnings rise 29% quarter on quarter to 58 FTSE listed companies. Retail sector leads the way, and its expected the earnings shall continue due to uncertainty in the future. Brexit secretary Raab says that the ‘no deal’ option is still on the table. GBP opened marginally down, but came back and has now gained from the Friday close. G20 central bank leaders have warned that

JamesIG

JamesIG

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