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5 places to get trade ideas from the IG Community


JamesIG

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IG Community Morning Call
Every day throughout the trading week we post a macro economic wrap and morning call here. This is posted before the European equity markets open at 8am London time and gives an overview of how the markets have reacted over the last 24 hours, as well as give an idea of what to expect from the day. 

2017-09-22 15_02_39-Morning Call - Daily Discussion 18.09.17 _ IG Community.pngYou'll notice we sometimes include markets of interest and client sentiment if there is a particular market event or important data release, or a particular global event which is providing a potential trade opportunity. An economic calendar from our sister news site, Daily FX, and some interesting links are also included at the bottom of the page. 

 

 

Market Discussion and Strategy
The IG Community is a place for clients to share trade ideas and strategy. You can see all the asset class discussion here. We have broken the sections down into individual asset types such as FX, commodities, indices, shares, and general trading discussion. 

It's important to remember to never trade based purely on something you have read without doing your own due diligence. If you do see a trade idea you like, make sure you do your own research around it and that you understand the deal you are going to place. There's no problem trying something in a Demo account if you wish as this is a great place to try a strategy without any risk. 

 

 

New platform releases 
IG have recently released a new web trading platform which has far more functionality and additional charting tools which maybe useful for your technical analysis strategy. You can see everything we have on offer via the IG Community New Platform section. I have included a video talking about the new platform below which some people may find interesting. Currently this is only available on a spread betting account, however we will soon be rolling it out for CFD clients as well. You can also check out our IGTV video on how to trade economic events which highlights other aspects of the new platform. 

 

IG Features

Every couple of weeks the IG Community will host a 'Feature'. This will be a topical post which will focus on a specific market movement, a macro economic news release, or another area which maybe of interest for the Community. Sometimes this will be a technical discussion, whilst other times it will be a 

 

Our first couple of posts can be reviewed below, and if you have any requests of what you would like to see, please let us know in the comments section below.

 

 

Dividend Adjustments
Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this every Friday here. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.

With this in mind there are some trading strategies which will focus on the individual constituents of that index (i.e. an individual share), or the index price action before or after the event. 

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    • AUD/USD surged to .6693, its highest since January, driven by cooler US inflation and China’s property market measures. Upcoming RBA meeting minutes will be key.   Source: Getty Images   Forex AUD/USD United States dollar Inflation Australian dollar China Written by: Tony Sycamore | Market Analyst, Australia   Publication date: Monday 20 May 2024 08:11 Last week was a stellar one for the AUD/USD as it finished at .6693 (1.37%) for its highest weekly close since the first week of the year. In the first instance, the AUD/USD was boosted by cooler US inflation data, which weighed on a tired US dollar and reinforced expectations of Fed rate cuts before year-end. The second pillar of support for the AUD/USD came after the Chinese government announced a raft of measures on Friday afternoon to boost confidence in the Chinese property market. Measures announced included lowering deposit requirements and urging local governments to buy unsold homes and convert them into affordable housing. While more needs to be done to completely revitalize the Chinese property market, last week's announcement appears to mark the conclusion of seven years of pain after XI Jinping famously said, "Houses are for living in, not for speculation." After a mute response on Friday, the announcement's impact has flowed more readily through markets today. Evidence includes a 2% rise in the price of iron ore futures in Singapore to around $117.70 per tonne, while copper futures hit a new high today of $5.1990, up almost 3% at one point, following a 3.5% gain on Friday night. We would expect the impact to continue to extend into the AUD/USD; however, before it does so, there is the small matter of the RBA meeting minutes, in which the RBA sounded less hawkish than feared. RBA meeting minutes Date: Tuesday, 21 May at 11.30am AEST The minutes from the Reserve Bank of Australia (RBA)'s May meeting are scheduled to be released on Tuesday, May 21, at 11:30 am. At its board meeting in May, the RBA kept its official cash rate on hold at 4.35%, as widely expected. Despite a higher-than-expected Q1 inflation read, the RBA was less hawkish than feared as it retained a balanced bias, noting that it is not "ruling anything in or out". The RBA revised its inflation forecasts for this year higher, leaving its inflation forecasts unchanged for the end of 2025 and the end of 2026. At the same time, the RBA revised its growth and unemployment forecasts slightly lower. The minutes will be closely scrutinised to determine what options the RBA Board considered at its Board meeting in May and any clues behind the RBA's less hawkish than expected tone. RBA cash rate   Source: RBA AUD/USD technical analysis On the weekly chart, the AUD/USD has made an encouraging move towards the upper bound of the contracting multi-month bearish triangle. Downtrend resistance from the January 2023 .7158 high is currently at .6750ish. Uptrend support from the October 2022 .6170 low is at .6340ish. AUD/USD weekly chart   Source: TradingView Last week's post-US CPI surge above resistance at .6650/70 has increased the chances that the AUD/USD based at the April 19 .6362 low. Providing the AUD/USD continues to hold above support at .6670/50ish, it keeps the short-term uptrend intact and the AUD/USD on track for a test of downtrend resistance at .6750ish. On the downside, the AUD/USD has initial support from the 200-day moving average at .6520ish and below that, a layer of support at .6480ish from swing lows in March and April, reinforced by the February .6442 low. AUD/USD daily chart   Source: TradingView Source: Tradingview. The figures stated are as of 20 May 2024. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.     This information has been prepared by IG, a trading name of IG Australia Pty Ltd. 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.
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