FCA proposal – further information and request for your feedback
Joined 27/03/23 02:15
By tradinglounge · PostedStock Market Content: SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL and Bank of America BAC. Stock Market Summary: Monday bullish, profit taking Tuesday morning, with trend resuming higher and Wednesday and Thursday will be the bigger swing days Elliott Wave Analysis: One more move higher for most stocks Trading Strategy: Day Traders - Trade Long Monday Video Chapters 00:00 SP500 / NASDAQ 100 03:00 Apple (AAPL) 06:17 Amazon (AMZN) 07:15 NVIDIA (NVDA) 08:25 Meta Platforms (META) 11:19 Netflix (NFLX) 11:49 Enphase (ENPH) 12:35 Alphabet (GOOGL) 13:27 Microsoft (MSFT) 14:12 Berkshire Hathaway (BRK.B) 14:55 Tesla (TSLA) 18:20 Block Inc. (SQ) 20:23 Bank of America BAC 27:49 Thanks for supporting Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com Level Up - Test the Trial Service!
Charting the Markets: 24 March The FTSE 100, DAX 40 and Nasdaq 100 slide on renewed banking woes while EUR/USD, EUR/GBP and GBP/USD drop as the US dollar, gold appreciate due to flight-to-quality flows. Crude oil and copper tumble on recession fears. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 24 March 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
By DominicWalsh · PostedMarket Breakdown | WTI Oil, EURUSD, GBPNZD, EURAUDHere are the updates & outlook for multiple instruments in my watchlist.1️⃣ WTI Oil daily time frame️The market is trading in a long term bearish trend .After the last sharp bearish movement, the market is steadily recovering.Ahead, I see a major horizontal supply area.Probabilities are high, that the next bearish wave will initiate from there.2️⃣ EURUSD daily time frameAfter a breakout of a solid daily resistance, the market is preparing for its retest.Watch carefully the underlined zone and look for buying opportunities from there.3️⃣ EURAUD weekly time frameThe pair is currently approaching a weekly horizontal resistance cluster.Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that4️⃣ GBPNZD daily time frameThe pair is currently retesting a broken neckline of an ascending triangle . As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now.Chances will be high that the next bullish wave will initiate quite soon.For Additional confirmation use: Divergence Indicators
As you may be aware, there has been a recent proposal from the Financial Conduct Authority (FCA), which would, among other things, reduce the leverage permitted for CFDs and spread betting. If the proposal goes through, you’ll need to put more money on your account to trade with us, in some cases up to ten times more margin.
Click here to share your views on the FCA's proposal now.
The FCA is seeking to raise conduct standards across the industry, to ensure fair outcomes for all UK clients – something which IG fully supports. However, we think there may be tools that could better help the FCA do so, such as limited-risk trading to prevent clients from losing more than their initial deposit. German and French regulators have suggested this measure too, and we believe it might be more effective than raising margins for all.
As well as increasing margins (ie reducing leverage), the FCA has proposed:
You can read the FCA’s full proposal and suggested leverage limits here.
This gives you an idea of what IG think, but what’s really important is what you think. It’s essential that the FCA receives opinions from everyone involved in the industry – especially traders.
The FCA has put together a simple form to enable you to share your views easily. Click here to share your views now.
If you prefer, you can also contact the FCA by email at email@example.com, or by letter to:
CP16-40 - Wholesale Conduct Policy Team
Strategy and Competition Division
Financial Conduct Authority
25 The North Colonnade
London E14 5HS
We’d also appreciate any comments or thoughts you may have below.
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