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Showing content with the highest reputation since 15/09/21 in Blog Entries

  1. Hello IG Community ProRealTime is an advanced charting software and trading platform. ProRealTime's high quality charts, analytic tools and reliable market data received directly from the exchanges make it a powerful decision support tool. Our first product feature is custom trading hours on ProRealTime. We will cover how to enable custom trading hours and weekend data, how the setting affects market groups and how to adjust your charts to reflect historic dividend and rollover adjustments. Custom Trading hours Custom trading hours can be customized by right clicking anywhere on your opened chart and then select custom trading hours. As shown below highlighted in yellow and circled in red: After you select custom trading hours the following settings page will popup as shown below: Time zone used for data displayed in the platform Time zones selected modify the time zones used to display data displayed in the application. The time zones chosen affects all data including times displayed in charts, order lists and tick by tick lists. Trading hours Trading hours determines the range of time for which data is displayed on intraday charts. If you want to display all available data, you should choose the first option. The second option can be used to restrict the amount of dat displayed in charts to include less time than is displayed by default. The times chosen in this section are always based on the market's default time zone (regardless of whether a custom time zone has been set for the market or not). The beginning time must always be earlier than the ending time (ex: from 06:00 to 21:00). This option only affects charts and not lists of instruments or tick by tick lists. Weekend and Daily data Weekend data: This option lets you display or hide weekend data (Saturday and Sunday). The official market time zone is used to determine what data is included in "weekend data". Daily Data: When this box is checked, non-intraday candlesticks (open, high, low and close information for daily, weekly, monthly and yearly time frames) will be created based on intraday data only during the time period and time zones selected. Warning: using intraday quotes to create daily timeframe and higher candlesticks may reduce the amount of historical data that can be displayed. Historical adjusted to dividends and rollovers These options are used to adjust historical data after dividends for stocks or on rollover for continuous futures. Adjusted historical data is used in technical analysis to remove gaps that cause disturbance in trend lines and technical analysis indicators. Our data maintenance services constantly monitor the markets to detect these dividends and rollovers in order to make these adjustments to historical data. If you have any suggestions of features that you would like us to cover in future from the platforms that IG offers we would love to hear from you. For more information on ProRealTime platform kindly visit and click this link: Trading Platform PRT All the best, MongiIG
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  2. The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 4 October Joshua Mahony’s insight The week ahead brings a continued focus on energy markets, with OPEC kick starting proceedings on Monday. Central banks come back into focus, with the RBA rate decision on Tuesday. The focus then shifts towards the US, with employment data starting on Wednesday and culminating with Friday’s jobs report release. On the corporate front, Tesco and Levi Strauss provide two particular areas of focus given the potential for commentary around logistics and rising input prices. Video. Economic reports Weekly view Monday 3pm – US factory orders (August): expected to rise 0.5% MoM. Markets to watch: USD crosses All day – OPEC meeting: expected to add another 400,000 bpd to output for November despite $80 crude. Markets to watch: USD crosses Tuesday 5.30am – RBA rate decision: no change in rates expected. Markets to watch: AUD crosses 8.50am – 9.30am – French, German, eurozone, UK PMIs (September, final). Markets to watch: eurozone indices, EUR crosses, GBP crosses 1.30pm – US trade balance (August): deficit to narrow to $69.6 billion. Markets to watch: USD crosses 3pm – US ISM non-mfg PMI (September): expected to fall to 61.3. Markets to watch: USD crosses Wednesday 9.30am – UK construction PMI (September): forecast to fall to 54.9 from 55.2. Markets to watch: GBP crosses 1.15pm -US ADP employment report (September): 475K jobs expected to have been created, from 374K last month. Markets to watch: US indices, USD crosses 3.30pm – US crude oil inventories (w/e 1 October) – previous week saw stockpiles rise by 4.58 million barrels. Markets to watch: Brent, WTI Thursday 1.30pm – US initial jobless claims (w/e 2 October): claims to fall to 348K from 362K. Markets to watch: USD crosses 3pm – Canada Ivey PMI (September): August reading 66. Markets to watch: CAD crosses Friday 2.45am – China Caixin services PMI (September): index to rise to 49, remaining in contraction territory. Markets to watch: China indices, CNH crosses 1.30pm – US non-farm payrolls (September): payrolls to rebound to 500K from 235K, while the unemployment rate falls to 5.1% from 5.2%. Markets to watch: US indices, USD crosses 1.30pm – Canada employment report (September): unemployment rate to fall to 7%. Markets to watch: CAD crosses Company announcements Monday 4 October Tuesday 5 October Wednesday 6 October Thursday 7 October Friday 8 October Full-year earnings James Halstead Hotel Chocolat Half/ Quarterly earnings Pepsico Tesco, Allied Minds, Constellation Brands, Levi Strauss Conagra Brands Electrocomponents, Tiscali Trading update Greggs Topps Tiles, Imperial Brands easyJet, CMC Markets Dividends FTSE 100: DS Smith, Taylor Wimpey, Kingfisher FTSE 250: Weir, Spectris, Bodycote, Morgan Sindall, Murray Int’l Trust, Synthomer, Vistry Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days. Index adjustments Monday 4 October Tuesday 5 October Wednesday 6 October Thursday 7 October Friday 8 October Monday 11 October FTSE 100 1.23 Australia 200 0.2 0.1 0.1 Wall Street 6.6 7.0 US 500 0.50 0.02 1.02 0.07 Nasdaq 1.21 0.25 Netherlands 25 EU Stocks 50 0.7 China H-Shares Singapore Blue Chip Hong Kong HS50 South Africa 40 Italy 40 Japan 225
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  3. Dear IG Community, We are pleased to invite you to join us at 5:30pm AEDT (8.30am UK Time) on Tuesday 12th of October for Trading Up - a live virtual event designed to make you a better, more informed trader. Learn everything from global macro themes and FX to trading psychology from the industry’s best. Plus, global keynotes from legendary traders. You won’t want to miss out. Register here for FREE: https://www.bigmarker.com/ausbiz/TRADING-UP-Live-Virtual-Event jt2XYluNX8MZf8bH.mp4 This event is open to everyone, once you register you will have access to the webinar on demand. Please find the agenda below: 5:30pm Global Keynote Our world-renowned guest has traded through some of the most extraordinary global market events. They'll share how those events changed the way they think about trading, and delve into some specific strategies they’re using right now. 5:50pm Why Macro Matters How do Australia's best traders think about global themes and play the trade? We take two key impending policy decisions and walk through the potential outcomes, and flow-on effects to trades. Featuring Ilya Spivak from DailyFX and Kyle Rodda from IG, with Annette Beacher and Kara Ordway from ausbiz. 6:05pm Run the Risk Delve a little deeper into the key global political and systemic risks facing markets right now. A discussion with Lawrence McDonald from New York. 6:15pm Off the Chain The explosion in cryptocurrency trading is just one aspect of the blockchain revolution. What are the fundamentals of understanding blockchain technology, and getting direct exposure via coins or listed equities? What are the opportunities and how do you assess the risks? Our panel includes Steve Vallas, Nick Armstrong, Trent Barnes and Kevin Algeo. 6:40pm Break Join Nadine Blayney for a chat with IG Australia's CEO, Kevin Algeo. What are the key trends from IG's market-leading customer base? 7:10pm Strategy Session The Multiple Moving Average technique was made famous by Darryl Guppy. We’ll deep dive into how it works and where it’s appropriate to add to your strategy toolbox. 7:25pm Options Masterclass How to use options to mitigate risk in your trading, presented by one of the best in the business, Wai-Yee Chen from Acumen Investors. 7:40pm Your Trading Brain Understanding how psychology and emotions impact your trading is critical to achieving success, and avoiding failure. Nick Leeson shares three lessons he learned from the Barings scandal and Trader Performance Coach Mandi Rafsendjani answers your questions. 8:15pm So, You Want to be a Day Trader? Grab a drink, wind down for the evening and meet Justine Pollard from Smart Trading. We'll explore the myths and misconceptions of trading as a full time gig. 8.30pm Close Please feel free to share the following link https://www.bigmarker.com/ausbiz/TRADING-UP-Live-Virtual-Event with like-minded friends and family. We hope to see you there! All the best - Arvin
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  4. The US Dollar may catch a haven bid as US-China tensions gradually escalate amid widening disagreements on foreign policy. Political volatility may dampen risk appetite and put a premium on liquidity. Issues over trade, the South China Sea and Taiwan remain the biggest sticking points, with the latter drawing more attention following America’s pullout of Afghanistan. Sino-US tensions were expected to remain high even after former President Donald Trump left office. This is in part due to the structural changes China is implementing as part of its long-term strategy to eclipse the US as global hegemon by 2049. These competing priorities - and with so much at stake - will likely result in political disputes that will spark market volatility. CHINA’S CONFRONTATIONAL APPROACH Deng Xiaoping was famous not only for economically liberalizing China but also for putting into policy the notion of “[hiding] your strength and [biding] your time”. The current president, Xi Jinping, has taken a diametrically opposite approach with the cultivation of nationalism and the complementary use of so-called Wolf Warrior-style diplomacy. The latter is characterized as being far more confrontational and unyielding, something the new ambassador to the United States, Qin Gang, illustrated in a speech earlier this month. While he mentioned areas of cooperation such as climate change, friction over Taiwan and calls for investigations into the origins of COVID-19 are overshadowing these more constructive efforts. While the coronavirus continues to remain the biggest fundamental risk, politics may soon take the spotlight for investors. A sudden flare-up and sustained escalation on this front could put markets on the backfoot and push the haven-linked US Dollar higher at the expense of Asia-based emerging market assets. See my guide on how to trade geopolitical risks BELT AND ROAD INITIATIVE (BRI) China’s Belt and Road Initiative (RBI) is a long-term, economic-based foreign policy framework meant to weave economies together in a web with China at the center. It is an extension of the East Asian giant’s broader strategy of regional fortification as a mechanism to insulate itself against any blowback its actions domestically or abroad may elicit from the international community. China has also been expanding into Africa and parts of Europe as a means of securing key economic infrastructural nodes in high-commerce areas. This process had drawn criticism about debt-trap diplomacy, with Beijing accused of exhibiting predatory behavior. From Washington’s perspective, this strategy carries with it concerns about the building of a China-allied political bloc tuned to counter American interests. STRENGTHENING REGIONAL ALLIANCES For the US, this means diminished regional influence. Consequently, the pullout from Afghanistan, combined with VP Kamala Harris’ visit to key Southeast Asian economies shortly thereafter, seems indicative of a stronger pivot to Asia. This may be to Beijing’s dismay, especially as the Biden administration is convening the so-called “Quad” this week to discuss greater multilateral cooperation. On September 24, the leaders of Australia, India and Japan will all meet at the White House to discuss strategies for challenging China’s growing political ambitions. New Delhi and Beijing continue to fight over the disputed Kashmir region and also recently butted heads over the Regional Comprehensive Economic Partnership (RCEP). This is considered the largest trade agreement in history in that it would encompass 50% of the world’s population, and a third of its GDP. The China-led initiative intentionally left the United States out, signaling that it intends on further cementing its position as a regional hegemon. The common denominator of concern is China, and the multilateral approach to hampering Beijing’s regional aspirations may eventually result in punitive counter-measures by the Asian giant. Australia is an example of this. When Canberra called for an international investigation into the origins of COVID, tariffs - supposedly unrelated - were imposed and calls for boycotts ensued. While the cost of doing this to Australia is far less than to the United States, the precedent of the measure is alarming from a market-oriented perspective. Combined with a telling display of the new, more confrontational approach to diplomacy, this episode makes the case for the likelihood of greater policy friction yet to come. Markets may be caught off-guard. TAIWAN The US exit from Afghanistan initially sparked concerns - particularly from Taiwan - about Washington’s commitments to its allies and foreign political interests. Beijing has warned that in the event of direct military action, the United States would not protect the small island. Having said that, if Beijing truly thought that this is true, its encroachment would have accelerated. Regardless, tension here seems bound to escalate as China pushes ahead with regional expansion, specifically along the so-called Nine Dash Line. This is a demarcation of Beijing’s territorial claims in the South China Sea, Taiwan included. These are opposed by other regional actors too, including Vietnam, Indonesia and the Philippines, with the support of the US. A formal arbitration effort on the dispute was triggered by the Philippines under the auspices of the UN in 2013. It ruled against China’s claims. Not surprisingly, Beijing rejected the result, calling it “ill-founded”. As time goes on, escalation is likely to continue. As China doubles down on regional fortification, it simultaneously puts up a barrier that makes US involvement more cumbersome For financial markets, this could mean a boost to military-linked stocks and the US Dollar. Exposed regional currencies - such as the Thai Baht, for example - would almost certainly suffer amid a political flare-up. Geopolitical strain will continue for the months ahead, and growing efforts by China and the US to outbid each other in the region will be a source of friction to monitor. Written by Dimitri Zabelin for DailyFX https://www.dailyfx.com/forex/fundamental/article/special_report/2021/09/24/US-Dollar-Outlook-Bullish-on-Future-US-China-Tension.html
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