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  1. 4 points
    If you're looking for the most comprehensive economic calendar around this is the one for you, somewhat more comprehensive than the IG version at any rate. 🙂 https://tradingeconomics.com/calendar
  2. 2 points
    The US 500 which is the (S&P 500) is an attractive potential shorting opportunity. As many of you know I like to be as open and transparent as possible. I like to keep things simple and really add significant value to the IG Community with real live trades. I have today opened a short position on the US 500 at 2506.91 via IG's Spread Betting platform. I should get daily credit interest as well - 😉 Why did I pick this to short ahead of the other indices? Well first of all it has lower margin requirements than other indices. This is extremely important when one is adding to short positions as the price continues to move downwards thus trying to maximise profits. Also the trends seem similar when comparing it to the Dow so why use up extra capital on margin requirements? Again I am sharing some of my live trades with the IG Community and will share my views, thinking and rationale behind any decisions. I will not hide behind complex analysis and complex theory that many may find difficult to follow or understand.
  3. 2 points
    As Apple is set to release earnings tonight, it will be the first quarter that investors do not have sales reports on individual products before the release. This is because the company announced that it would not be delivering specific figures for iPhone, iPad and Mac sales for the quarter as they believe the number of iPhone sales “isn’t a representative of the underlying strength of our business” and that “a unit of sale is less relevant for us today than it was in the past, given the breadth of our portfolio and the wider sales price dispersion within any given product line.” But we all know that when a company has sold a lot, they want to let the world know how well they have done, as said by Steve jobs himself “if a company is selling a lot of stuff, they want people to know about it. If they aren’t, then they don’t”. On top of that, it is no secret that iPhone sales were short of estimates in the previous quarter. Nevertheless, as the average price of an iPhone has increased, Apple’s profits are still being driven higher. This leaves a wary sentiment about Apple’s earnings release. With a slowdown in sales offset by higher sale prices, and a general feeling that economies are slowing down growth, Apple’s Q4 earnings release is marked by the pre-announcement issued on Jan 2 where Apple reported it had missed expectations for the year due to a slowdown in sales in China. As Apple shares suffered the weight of the slowdown and the subsequent downgrade from firms like Bank of America, could a lower expectation on the back of the Jan 2nd announcement mean that Apple can beat expectations? Find out what founder and CEO of Pocket Lint Stuart Miles has to say about Apple’s earnings forecast as he is interviewed by IGTV presenter Victoria Scholar. As always, leave your comments and ideas below!
  4. 2 points
    Thanks @JamesIG, I especially like using the added graphs such as on the calendar linked above and on the Forex Factory site and also a + tab as on FF and the Dailyfx calendar that explains what the data is based on, how it's collected and how often it's published etc. Also, traditionally the IG calendar has been very stocks biased (at least that was my impression from years ago, may have improved since).
  5. 2 points
    Hi all - interesting that you bring this up actually and I'd love the Community input. We are looking at bringing the Economic Calendar into the dealing platform and improving things such as alerts and automatic notifications. Now is your chance to have your say and help build out functions within the dealing platform. I have my personal opinions, but what exactly would YOU like to see in the calendar? What functions do you use on other websites? What are your 'blue sky thinking' wish list items to have on the calendar?
  6. 1 point
    While there is some divergence between the major indices in general recently the FTSE100 seems to have been much more reluctant to rally. I don't see this as a material divergence however but merely a delay and maybe we will soon get a catch up rally on the FTSE? The other indices seem intent of testing the next levels of resistance and, as I noted in my US indices thread, there are some unclosed gaps out there. There is one on the FTSE as well, which I expect to be closed before any major Bearish move. My reading of the FTSE is as follows: Overall I remain biased towards all stock indices being in a retrace (or relief) rally rather than a motive wave that would see another ATH). I think other indices (especially US) have put in an A-B and are currently in a strong wave C, which would - if true - end at a suitable resistance point yet to be determined) FTSE100 however looks to be behind the curve, and may be posting a wave B turn at the Fib 50%. There is also strong PMD on the 1 hour chart and Stochastic over sold on the Daily (a typical indicator for an interim wave ending such as a wave B - i.e. the longer term move is not yet complete, rally in this case). The wave B looks like a straight forward 1-5 down ending with a Bullish pin bar that bounced off the Fib 50% and then put in a small 1-2 before the current rally away. Watch out is that further bearishness in other markets could pull the FTSE back down to the Fib 60% so stops just below the Fib 50% make sense to me. For me this could be a nice short term trade before I resume my search for the next Bear, I am long off the small 1-2 rally.
  7. 1 point
    Not with a bang, but with a whimper? Without all the fire and fury that we saw in December, markets are pricing in once again a slow down in global economic growth. It could be strongly argued this is evidence of how important US Fed support is to equity market strength – but that’s a drum to beaten (over-and-over-again) for another day. Fundamentally, traders are quietly re-pricing for a world where economic growth will be weaker than once thought. Such behaviour has been long evident in Chinese markets, so there’s nothing new about pessimism in the Asian region. The point of focus now is in Europe, and to a lesser extent North America, which is increasingly demonstrating signs that market participants believe those economies are briskly approaching a period of (even) lower rates, growth and inflation. The many facets of the global growth story: There’s no shortage of causes for this looming slowdown – and in the financial media, each one is getting a good exercising. The trade-war remains the popular one, which is providing a convenient explanation for the confluence of confusing and complex causes for China’s recent economic malaise. This thread gets pulled-on to describe why Europe is feeling the pinch too, being the geography wedged in the middle of the trade-war’s heavyweight combatants. Throw in a sprinkling of Brexit anxiety and internal political unrest in the continent and that’s the story driving Europe’s economic outlook. The US economy is still humming, and the data coming out of the states is still showing a robust economy. Nevertheless, price action says that’s being somewhat ignored, with yields betraying an underling anxiety about economic health. What the bond market is saying: Essentially, it’s all written in yields at present. A few unwanted milestones were achieved in bond markets on the weekend. The most significant was in German Bunds, which saw the yield on its 10-year fall to 0.08 per cent – its lowest point since 2016 – even though rates markets leaving unchanged the implied probabilities for ECB decision making in 2019. 10 Year Japanese Government Bonds are back below 0 per cent, as markets stay resigned to the fact that the Japanese economy will see no signs of inflation for the foreseeable future. And despite there being an absence of data impetus to cause this – other than a general “risk-off” tone for Friday’s trade – US Treasuries climbed as traders priced in the increased chance the Fed will cut rates this year. The RBA adds its 2 cents worth: The market’s central premise that interest rates will need to fall the world-over manifested just as clearly in domestic trade on Friday. The RBA’s Statement of Monetary Policy, released on Friday morning, delivered to markets the material to price in further downside risks for local rates. Following the central bank’s meeting on Tuesday last week, and RBA Governor Philip Lowe’s influential speech on the Wednesday, it’s perhaps a surprise that anymore dovishness from the RBA could be priced into the forward curve. Lo-and-behold, there was, with the immediate reaction from markets towards the RBA’s SOMP to increase rate-cut bets in 2019 to over 60 per cent, bid higher Australian Commonwealth Government Bonds, and to sell-out of the Australian Dollar – pushing the local unit below the 0.7100 handle, subsequently. The RBA’s take on economic growth: It was another softening of the RBA’s economic growth outlook that spurred the flurry of activity. The SOMP was far from a manifesto of doom-and-gloom. However, what markets have for a while been predicting came clearly in the RBA’s opening lines of the document: “GDP growth slowed unexpectedly in the September quarter… The Bank’s growth forecasts have been revised down in light of recent data, particularly for consumption. GDP growth is expected to be around 3 per cent over this year and 2¾ per cent over 2020.” There was plenty of good news contained within the SOMP, it must be stated, especially as it relates to the outlook for the labour market. Sentiment clung to the growth outlook nevertheless, as traders assessed how a global economic slowdown will manifest down-under. The ASX followed global equities lower: The fall in yields on ACGBs and the Australian Dollar proved once again supportive of the ASX200, but the effect was fleeting. It was a bearish day for the ASX on Friday, no matter which way you spin-it. It was simply one of those days for risk assets, as the bulls took themselves to the sidelines for a breather, at the end of a week which was -balance very good for stocks in Australia. Equity market strength throughout last week was perhaps lacking in other parts of the world: Wall Street finished its week higher by a very slim margin, equity markets in continental Europe shed over 1 per cent across the board, the Nikkei dropped over -2.00 per cent, while a weaker Pound kept the FTSE in the green. Price action for the ASX200: The last traded price in SPI Futures is pointing to a 4-point drop at the open for the ASX200 this morning. The market demonstrated some signs of short-term exhaustion on Friday, after its face-ripping rally earlier in the week, as higher than average volumes propelled the index higher. Resistance at ASX200’s September low at around 6100/05 was dutifully respected as the week’s high. The daily-RSI is still in overbought territory, though not flashing a sell-signal nor a major change in momentum yet. The week’s break of the 200-day EMA is seeing that moving average slowly turn higher, which bodes well for the bulls. In the immediate future: the long-awaited pullback could be upon us here, with the November high at 5950 the next logical support level to watch. Written by Kyle Rodda - IG Australia
  8. 1 point
    I am going to take this opportunity to start a new post on 'Trend Following'. I am going to try to keep it as simple as possible for any new investors / traders who may be interested in trend following principles and adopting them within their trading / investing strategy. Even existing or experienced traders / investors may find this useful. If the more experienced traders / investors would like to enrich this thread then I would encourage them to do so, thus enhancing the overall discussion on trend following. I will start off by stating, "Failing to plan is a plan to fail." So always make sure you have a trading / investment plan that you can both execute and using discipline stick to. Have strict rules that you can follow. This is crucial as without a clear plan with rules one simply cannot trade effectively using trend following principles. One must understand that trend following has its flaws and it simply cannot predict future market movements. You will make losses. The key is to ensure that your profits cover your losses even if that means that out of ten trades you profit on three and make losses on seven. That is fine as long as the profit on the three winning trades is greater than the losses on the seven losing trades. Accepting this may mean a total change in mindset which may prove to be difficult for some. This is where an individual's personality comes in. One must assess which markets it is going to trade and have a system in place to help identify trends both upwards and downwards. Trend following aims to capture the middle of the trend so you never get in at the bottom or sell at the top. Volatility must be embraced and seen as an opportunity. Reacting to market trends as they happen is key. For those who are familiar with my posts then you will see that demonstrated on commodities such as Orange Juice, Cotton ,Wheat, Lumber, etc. No one can predict the future but using trend following principles based on historical and current price behaviour one can make assumptions. These assumptions can only be tested and presented as evidence based on the price action. It is ok to be wrong and one must not be scared or worried about what others may think. I am sure I have made many incorrect assumptions based on historical and current price action in the past and I am sure I will continue to do so. Making assumptions and then testing those assumptions is a key part of learning and gaining valuable experience. One can learn a lot more from their losses than they can from their winners. This can assist in coming up with sound risk management principles within the trading / investing plan. Be ruthless and trade both long and short depending on price movements. For those that are familiar with my posts will appreciate that I am an advocate of Cryptocurrencies and Blockchain. I have a long term long position in Bitcoin and Ether using XBT Provider One products and opened a long position when Bitcoin was around $2000.00. That is a long term trade. Now using spread betting on IG's platform I recently shorted Bitcoin even though at the same time I had the long position. The price action for Bitcoin merited a short position which using basic technical analysis one could not argue against. The trend had reversed to short. Now some of you may be wondering why I did not close my XBT Bitcoin trade. I am human and though one must try and eliminate emotion from the trade my flaw is that I believe in the long term story of Cryptocurrencies and Blockchain. This is only a flaw if they all come crashing down but I cannot predict the future so I simply do not know. Due to my convictions and beliefs which could be wrong all I can do is ensure that if any shorting opportunities come on Cryptocurrencies then I take them as I have two long positions in Bitcoin and Ether. This is where IG's Spread Betting platform works really well for me. It allows me to short both Bitcoin and Ether with leverage. Trends can change very quickly and this is where risk management comes in. One must have entry and exit rules which they stick to. It is fine to adapt these rules over time as experience may dictate a change in entry and exit points. Something I always think about when placing a trade is, 'Knowing your exit price before you enter the trade'. Stop losses and proper use of leverage are fundamental. One must let their winners run and not take profits too early. Only when there are indicators of a trend reversal must one exit and this should be done by the stop loss let. TrendFollower Tip: Trailing Stop Losses are great on winning positions so if you are not using them then you may want to consider them. I have kept this opening post very basic and simple. The detail will follow depending on the engagement this thread receives. I am out of the country from 31.07.18 to 26.08.18 so I am not available but on my return normal service will resume!
  9. 1 point
    @PandaFace, Yes you are quite right. In any downturn in equities, Frontier Markets, will go down the most, followed by Emerging Markets of course. Risk On / Risk Off investor sentiment. I invest monthly into my investment fund portfolio which includes Emerging Market, Frontier Markets and many other areas. I use the 'Pound Cost Averaging' methodology. Where I have tweaked my investment strategy and approach based on acquired knowledge and experience is to invest lump sums only where there are major corrections, pullbacks, drops, etc. Otherwise I continue every month investing into these funds. Recessionary periods and economic instability are the best times that Emerging and Frontier Markets fall which is a good time to invest lump sums in my personal opinion. I have been executing the above strategy for many years now and it has served me well. I am yet to come up with a better investment strategy that is more effective and profitable over a number of years than this. Yes if you were to invest lumps sums only at the lowest point and sell that the highest point then it would provide better returns which actually doing this is very difficult without a 'crystal ball'.
  10. 1 point
    @JamesIG, I have an interest in both Emerging Markets and Frontier Markets from a long term investment perspective to create wealth through capital growth. I do not want to trade Emerging Markets. I only want to invest in them and invest in Frontier Markets. I see Gavin Serkin is involved in Frontier Markets yet this GEM Chat does not really mention anything to do with Frontier Markets. Africa is the last large Frontier Market which has huge potential in the future to become an Emerging Market should it seriously reduce corruption, improve living standards, create jobs, create vibrant economies, improve education, reduce poverty, etc. I have invested in both Emerging Markets and Frontier Markets for many years now and believe these increase the chances of an investment portfolio performing better and more profitable over a longer period of time. Here are some articles which may be of interest to those who are interested in Frontier Markets on the IG Community: Frontier markets offer high growth and low valuations https://www.investorschronicle.co.uk/funds-etfs/2019/01/31/frontier-markets-offer-high-growth-and-low-valuations-but-at-a-high-risk/ 'Fortune and glory, kid': the untapped potential of frontier markets https://citywire.co.uk/wealth-manager/news/fortune-and-glory-kid-the-untapped-potential-of-frontier-markets/a1191427 I personally like Asian Frontier Markets and African Frontier Markets. @JamesIG, I do not really have any questions but may well listen to the broadcast to see what if anything they suggest in relation to Frontier Markets. The one thing I do know is that they are long term investments and extremely high risk investments. I am not sure what if anything they can offer me so hence cannot really come up with any questions. I have been disappointed before on the Cryptocurrency broadcasts where they waffle and do not tell us anything some of us already so not know. I suppose these broadcasts are more for new and inexperienced traders? Anyway please do let us know when the broadcast can be viewed as I am sure some of us will forget!
  11. 1 point
    I see Trading Central has been revamped since I last looked at it @Norman_1982, though still seems to be only accessible through the old platform? Anyone know otherwise? Looks pretty good, from the dashboard click on any asset for a more detailed analysis. I need to have a play to find out what's new.
  12. 1 point
    The US Federal Reserve has announced it is not going to raise interest rates. This has launched 'rocket fuel' for US indices at the moment. 6:55 pm - five minutes before 7:00 pm the fire was lit! We are witnessing the explosion. But after all fires there will be a period of smoke, firefighting and then the fire will be tamed...Enjoy the 'long' ride for now and the price action is allowing quick profits to be made and with leverage one is able to take advantage at such short term trading opportunities.
  13. 1 point
    Hey @ShezShafiq - you can see a list of exchanges here https://www.ig.com/uk/investments/share-dealing/costs-fees If you want to check out our ETF screener this link will be useful https://etfscreener.ig.com/
  14. 1 point
    hi guys , i would like to know if it is possible to take the profit i am showing on shares i have bought and use it to buy more please ? if so , pleasecan you give me step by step idiot proof instructions as i am new to this ,,,, any help greatly appreciated
  15. 1 point
    Interesting @Lech82, you've elected to go short and go against the longer term prevailing trend which has been bullish since the start of the year though your target is reasonably modest so not looking for a major reversal just a deeper pullback and your stop is tight so damage will be light if price swings back up. You look to be hoping the stochastic will remain in oversold though it has already been there for several hours, I would rather have it aligned so that there was a whole stochastic down leg looking forward to carry my trade with it. It may work out for you, anything can happen after all, though I suspect there are many more traders waiting for the current pullback to end to go long with trend continuation. Best of luck.
  16. 1 point
    @TrendFollower that is truly a difficult one, who even knows what Brexit is going to be, currently it looks like a deal meaning Brexit in name only and not actually leaving the EU at all. The other question is, if there is a true Brexit, who will it hurt the most and my guess is the EU. They are not going to be able to carry on as before after losing one of the top 3 economies. No wonder they are doing everything possible to block it. What impact would France and Germany going into recession have on other major economies around the world? Annual GDP growth rate forecasts for Germany, France and UK (in that order).
  17. 1 point
    Filters are very important. Also presumably individual profile settings ie current day only, only FX related versus indices etc. Detail display with a pop-out frame but better than Forexfactory (where it obscures the rest of the calendar items and stops you from just putting to one side for later reading).
  18. 1 point
    ooo I like those charts on the econ calendar link you posted @Caseynotes and its very useful. For me I think the description as well and I think it helps as there are so many different data points and its hard to remember what they all are. I like the way that dailyfx do it with the drop down rather than it taking you to a different webpage, however it doesn't have that for all events. I also think a count down timer would also be good rather than just having the time of the event, and when you click on the event it comes up with the core market related to that, or at least a few options.
  19. 1 point
    Yes, in the calendar linked in the OP the hover over to pop up graph is great and clicking on the graph icon opens a new page packed with added info. I agree the non-data stuff is often just as important, some sites simply link to the official minutes once released which is better than nothing. A print or download option would be handy as well.
  20. 1 point
    Prorealcode is FREE & you can do all the programming yourself - build screeners , indicators & everything. There are tutorials , examples etc., to show you "how to" . You can use the FREE "end of day " version of prorealtime to facilitate it
  21. 1 point
    Same IMF report boosts Gold this morning driving price well away from the IG 'trade of the week' entry trigger (break of support 1270). 1 hour chart;
  22. 1 point
    Thank you folks. So simple when you know how
  23. 1 point
    Hey all - we have a couple interactive infographics on Brexit and Trumps trade wars which may be of interest to those on Community. You can check them out below. All feedback welcome Brexit timeline Trumps trade wars
  24. 1 point
    @dmedin, In all of the humour added by @Caseynotes there is a very important point. A point that must be understood. First of all, spread betting is merely a vehicle to use to get to a destination. There are other vehicles available and it is your personal choice which vehicle you choose. For example if I want to invest in a company for the long term then I use a different broker to IG. If I want to trade a trend either 'long' or 'short' then I use IG's Spread Betting account. Why do I use Spread Betting? Well the two main reasons are the use of leverage and the other is that profits are free from Capital Gains Tax making it a tax efficient way of trading. Now the two reasons I have highlighted are totally irrelevant if you are either a bad trader or a good trader using a bad trading strategy when using Spread Betting. I will try and identify strong trends to trade using Spread Betting. Trading with the trend is crucial on Spread Betting. The stronger the trend the better. So it is not just about spotting a trend. 'Trend Strength', 'Momentum' and other indicators have to align to try and give you the best chance of a profitable trade. The amount of traders I have come across on just this IG Community alone that do not have the following is staggering: Trading Plan Trading Strategy Trading System Now without the above the odds are going to be against you and the probability of success diminishes. Also it is not just above having the three points above but they must be effective and efficient in trading the markets. Spread Betting is not gambling. It is merely a trading platform. Gambling is using trade capital to trade without an effective trading plan, without an effective trading strategy and without an effective trading system. It is the individual that gambles not IG's Spread Betting platform. An ineffective trader could invest thousands of pounds on a share in the hope that it recovers or goes up. If the share price continues falling and that trader loses thousands of pounds then it is the trader who is the gambler and it does not matter if they used a traditional share broker, invested via an ETF, bought a mutual fund or traded using a CFD or Spread Betting account. It is the actions of the trader that is the issue and at fault. Once you have a defined trading plan, a clear trading strategy which can be executed and a trading system capable of delivering the objectives of the trading plan then you will decide which platform or structure to use for your trading / investing. So the platform that you use will be dependant on your trading plan, trading strategy and trading system. Now guess what? If you have no trading plan, trading strategy and trading system then how can you pick the most effective trading platform to use? How can you come to the decision that a Spread Betting account is better than a traditional Share Broking account? How can you determine that CFD is better than a Spread Betting account? @Caseynotes, put the point across in a lovely humorous way and I have tried to put the point across in a more serious way and hopefully both will resonate with most types of readers here on IG Community.
  25. 1 point
    @DSchenk, I don't know about the merchant category code for IG. I think it is down to your credit card whether they classify it as a cash advance or purchase. I would check with them before funding your account. Also funding with your debit card is free but check to make sure there is no additional charge for funding your account with your credit card. I know there is not with debit cards but do check.
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