Our Picks
Top content from across the community, hand-picked by us.
G20 begins APAC brief - 28 Jun
KirbyIG posted a blog entry in Market News,
G20 Summit begins: Market attention turns, almost singularly, to this weekend’s G20 Summit, today. There are numerous issues with significant financial market and global economic implications to be discussed at the event – the general concern about a global economic slow-down the overarching one. But of course, at the centre of everything, almost eclipsing the Summit’s primary purpose, is the highly anticipated meeting on Saturday afternoon between US President Donald Trump, and Chinese President Xi Jinping. For markets, the outcome to this meeting guides the future direction of the global economy, and the fundamental strength of financial markets.
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KirbyIG,
Stocks flat, currencies shuffle APAC brief - 27 Jun
KirbyIG posted a blog entry in Market News,
Wall Street equities closed effectively flat, while bond yields climbed, commodities generally lifted, and currency markets shuffled into place, as markets continue to position for this week’s massive G20 meeting in Osaka. Bitcoin is going on a tear, breaking through $US13,000 overnight – though tumbling in early trade this morning as choppiness sets into that market, and pulling back by over 10% since.
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KirbyIG,
ASX edges higher, Aussie Dollar pops on RBA comments - APAC brief 25 Jun
MaxIG posted a blog entry in Market News,
ASX edges higher: The ASX200 edged higher yesterday, as what is a technically overbought market recovered some of its Friday losses. Upside momentum has clearly cooled for the local stock market, ahead of a week heavily geared towards positioning for this weekend’s G20 meeting. Overall, it must be said it was a low impact and low activity day’s trade yesterday. Consumer stocks were most responsible for the day’s losses, sapping around 4 points from the ASX200, while Real Estate and bank stocks lead the market’ gains, following signs of improvements in clearance rates over the weekend in the Melbourne and Sydney housing markets.
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Picked By
MaxIG,
Dividend Adjustments 24 June - 01 July
JamesIG-inactive posted a blog entry in Market News,
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24th June 2019. 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.
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JamesIG-inactive,
Post in Indices
Caseynotes posted a post in a topic,
"Trump pulls back from starting air strikes on Iran after Congress gave the go ahead. Revealed that US and China negotiators are unprepared and scrambling to come up with something to agree on for next weeks G20 meeting. Dow pulls back under 26708."
Picked By
JamesIG-inactive,
Central bankers throw weight around: APAC brief 21 June
MaxIG posted a blog entry in Market News,
Other central bankers throw their weight around: After the US Fed exited the ring yesterday, some of the world’s other heavyweight central-bankers weighed-in on the global race-to-the-bottom for global interest rates. The BOJ met yesterday, and though they kept their policy entirely untouched, it Governor Haruhiko Kuroda affirmed his commitment to monetary stimulus if necessary. RBA Governor Philip Lowe also delivered a speech, in which he was explicit in his belief that lower interest rates were necessary to absorb “spare capacity” in the labour market”. And the Bank of England met last night, left interest rates on hold, but downgraded its forward-outlook, prompting increased bets of a rate-cut from the BOE this year.
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Picked By
MaxIG,
FOMC 19th June 2019 - 1900 BST - watch IGTV Live
Ludwik Chodzko-Zajko IG posted a topic in Indices and Macro Events,
Slim but notable chance of a rate cut by the Fed this evening (1900 UK time).
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Picked By
JamesIG-inactive,
Post in Is spread betting for fools?
Caseynotes posted a post in a topic,
What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, CAN SLIM, option trader, another, or a combination? 20 Questions For Help Building a Trading Plan.
Picked By
JamesIG-inactive,
APAC brief - 17 June
MaxIG posted a blog entry in Market News,
The climax of last week’s trade was Friday night’s US Retail Sales data release. As is well known, sentiment in the market centers around concern for the state of the global economy. As the biggest component, of the world’s biggest economy, US consumption data was hotly awaited to test the thesis that the global economy is winding down for another cycle. As it turns out: right now, those fears are very slightly exaggerated, if the US Retail Sales data was anything to go-by. Core Retail Sales came-in bang on expectations at 0.5%, taking the annualized figure to around 3.2 per cent.
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JamesIG-inactive,
Dividend Adjustments 17 June - 24 June
MaxIG posted a blog entry in Market News,
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17 June 2019. 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.
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JamesIG-inactive,
Fed rescue expectations; trade wars; Euro stability - DailyFX Key Themes
JohnDFX posted a blog entry in Market News,
With the US Dollar losing viability owing to its pursuit of trade wars that undermine global stability, the Pound plagued by a directionless Brexit and the Japanese Yen lost in a deflationary quagmire, there is an acute need for a stable benchmark currency. Despite its many fundamental shortcomings, the Euro showed itself willing to offer an outlet for liquidity over the past few years as the recovery from the region’s sovereign debt crisis between 2009 and 2012 seemed to offer a sense of hard-fought stability that was prized above all else.
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JamesIG-inactive,
Dividend Adjustments 10 June - 17 June
MaxIG posted a blog entry in Market News,
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10 June 2019. 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.
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Picked By
JamesIG-inactive,
Post in Stock market turning points - are we there yet?
Mercury posted a post in a topic,
Start your week with an overview of the markets from one of our Community members.
Picked By
JamesIG-inactive,
Aussie growth underwhelms: APAC brief 7 June
MaxIG posted a blog entry in Market News,
Aussie growth underwhelms: Australian GDP data was the highlight of the economic calendar yesterday. All-in-all, the data was of minimal impact, though it did for make big headlines: the growth rate came-in at 1.8 per cent on an annualized basis, as expected – the slowest rate of economic growth since the GFC. A poor print undoubtedly, but one that had been priced into the market well in advance. Hence, markets were little moved upon the release. The ASX200 hardly budged. The Australian Dollar lifted very slightly, and temporarily tussled with the 0.7000 handle. And interest rate markets increased very marginally the probabilities of more RBA cuts by year-end.
Where the weakness is: The data was more of interest for economists and other pedants. And there were some interesting takeaways from the release. As is well known, one of the major headwinds for domestic growth is private consumption, which continued to show signs of slowing. The savings ratio also lifted, as consumers seemingly opted to defer spending and pocket their modest pay rises. More than just demand side concerns, there was also a noteworthy drag on growth from the supply side. Dwelling investment also contracted in the last year, in line with what has been a well-publicised slowdown in construction activity, and sustained falls in the property market.
Where growth is coming from: The GDP data wasn’t without its silver linings, of course. A series of factors leapt-out as the primary drivers of growth in the Australian economy in the past 12 months. It was largely improvements in the nation’s terms of trade, courtesy of the major multi-month rally in iron ore, followed by big government spending measures, mostly in form of the NDIS and other health services, that proved the greatest contributors to growth. Though welcomed, to be sure, the areas of Australia’s economy sustaining growth speaks of a country currently working below its capacity, and in need of some sort of a boost.
Where the weakness is: The data was more of interest for economists and other pedants. And there were some interesting takeaways from the release. As is well known, one of the major headwinds for domestic growth is private consumption, which continued to show signs of slowing. The savings ratio also lifted, as consumers seemingly opted to defer spending and pocket their modest pay rises. More than just demand side concerns, there was also a noteworthy drag on growth from the supply side. Dwelling investment also contracted in the last year, in line with what has been a well-publicised slowdown in construction activity, and sustained falls in the property market.
Where growth is coming from: The GDP data wasn’t without its silver linings, of course. A series of factors leapt-out as the primary drivers of growth in the Australian economy in the past 12 months. It was largely improvements in the nation’s terms of trade, courtesy of the major multi-month rally in iron ore, followed by big government spending measures, mostly in form of the NDIS and other health services, that proved the greatest contributors to growth. Though welcomed, to be sure, the areas of Australia’s economy sustaining growth speaks of a country currently working below its capacity, and in need of some sort of a boost.
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Picked By
MaxIG,
Chart on mobile Android app not working
Kkla posted a question in IG Technical Support - Platform and App Help,
A recent Google Chrome roll out has had a negative impact on the IG android app. This recent change has meant that charts, among other things, are not loading. Please check the following thread for more info.
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- 11 replies
Picked By
JamesIG-inactive,
Trade wars grow more global; Dollar reserve risks; a host of fundamental themes - DailyFX Key Themes
JohnDFX posted a blog entry in Market News,
In a surprise move, the United States is now fighting a full trade war on two fronts as of this past week. With the path to a US-China compromise still lacking any clear hand holds, US President Donald Trump announced a wholly unexpected economic move against neighbor Mexico this past Thursday evening. According to his tweet, the United States would charge a 5 percent import tax on ALL Mexican goods coming into the country as of June 10th. He further made clear that this was move not in retaliation for trade issues – in fact conditions had seemed to improve significantly on that front with the US dropping the steel and aluminum taxes on both of its direct neighbors in a bid to push through the USMCA agreement.
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JamesIG-inactive,
Dividend Adjustments 3 June - 10 June
MaxIG posted a blog entry in Market News,
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 3 June 2019. 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.
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Picked By
JamesIG-inactive,
Risk-assets up, but trade was tepid: APAC brief 31 May
MaxIG posted a blog entry in Market News,
Risk-assets up, but trade was tepid: The overnight session was, on balance, positive for risk assets, though the conviction behind market-moves was missing. The S&P500 – the natural barometer for market-mood currently – experienced a middling day. It’s closed more-or-less flat, having made a failed foray higher throughout Wall Street trade, to have sold off right-below crucial resistance at 2800. For the bulls in the market, circumstances didn’t fundamentally change last night. The short-term trend is pointing to the downside, with momentum clearly holding in that direction, too. The 200-day moving average is acting as a magnet for the index now, seemingly keeping the market neutralized until the next market-moving catalyst.
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Picked By
MaxIG,
Post in USDCAD short drop before a mega rally?
Mercury posted a post in a topic,
"USDCAD continues it tortuous consolidation with lots of whipsaw action. The price action still looks like a complex retrace trapped in a range to me but this market has arrived at a critical juncture this morning with a short term double top just posted. If the market rejects a breakout to a higher high then the retrace move remains intact and a sharp drop should ensue. However a breakout would indicate that the wave B bigger picture retrace/consolidation is not yet done and more upside is on the cards for a while."
Picked By
JamesIG-inactive,
Bollinger Bands 20, 2.5 - always wins, what am I missing?
TheDudeLondon posted a topic in General Trading Strategy Discussion,
"Pretty simple strategy: I am looking on a daily chart for the major indices (eg S&P500, Nikkei 225, DAX30) and have Bollinger bands (20, 2.5). As soon as there is a significant breakout below the lower band (or higher band, but since I have started trading, it was always the lower one) I will buy in. Usually not into a straight falling knife but wait until there is some stability eg for 15-30min at a low level."
- 8 replies
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JamesIG-inactive,onUnsplash.png.613230f54ac71e74f078009a6a0be2a0.png)
Markets returning to normal trade: APAC brief 29 May
MaxIG posted a blog entry in Market News,
Markets returning to normal trade: action is any guide, their verdict of the weekend news flow is “not much has really changed”. This isn’t to say the movements in financial markets in the past 12-18 hours have been ones of major conviction. Afterall, volumes are still light and the extent of the moves in price witnessed were modest. Nevertheless, despite what was notionally a tranquil weekend for financial market news, market participants have seen it fit to continue to take risk off the table, as if nothing has really changed at all.
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JamesIG-inactive,
The future of Europe in question: APAC brief 27 May
MaxIG posted a blog entry in Market News,
Global political economy in focus: International diplomacy, politics and global trade are at centre of attention to begin the new week. Indeed, that’s in part due to the corporate and economic calendar appearing relatively lighter, being the final week of the month; as well as the fact the UK and US are off on public holidays on Monday. But even in the absence of other hard-hitting, high impact news, the confluence of politics-related headlines merits attention in their own right. And it spans the globe: Trump is talking trade in Japan, the Europeans are voting in their Parliamentary elections, and the UK is now searching for a new Prime Minister.
Markets watching for surprises: The overarching narrative hasn’t fundamentally changed. Generally speaking, a level of bearishness characterizes market activity, as the US-China trade war continues to rattle nerves. Nevertheless, global politics and international relations is bringing-about some shifting gears within the broader economic machine. On balance, there’s been little fall-out from the handful of political events unfolding across the globe. If anything, though not game-changing, they’ve collectively proven to be a net-positive for market sentiment. Of course, this could turn-around rapidly: traders ought to be used to expecting the unexpected by now. Hence, the least that can be said is “so-far”, so good.
Markets watching for surprises: The overarching narrative hasn’t fundamentally changed. Generally speaking, a level of bearishness characterizes market activity, as the US-China trade war continues to rattle nerves. Nevertheless, global politics and international relations is bringing-about some shifting gears within the broader economic machine. On balance, there’s been little fall-out from the handful of political events unfolding across the globe. If anything, though not game-changing, they’ve collectively proven to be a net-positive for market sentiment. Of course, this could turn-around rapidly: traders ought to be used to expecting the unexpected by now. Hence, the least that can be said is “so-far”, so good.
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- 1 reply
Picked By
MaxIG,
Post in Indices
Caseynotes posted a post in a topic,
"UK retail sales at 9:30 and US durable goods at 1:30. Strong bear day yesterday though only Nikkei tested key support levels." Stay up to date on how the indices are moving and have your say.
Picked By
JamesIG-inactive,
Post in Successful strategy?
JamesIG-inactive posted a post in a topic,
Analysis of 43 million trades by DailyFX showed that 61% of trades are actually profitable (when looking at EURUSD specifically). Read more about that and check out their Podcast here. Have any questions? Ask away.
Picked By
JamesIG-inactive,
Brent Crude rally ends, time for the big Bear!
Mercury posted a topic in Commodities,
"Looks to me like my question as to whether the the 25 April turn was a rally end or a simple retrace may have been answered as Brent price dropped hard through the supporting lower channel line. I would like to see the recent lows broken to confirm but odds are that this market is now heading down. Could this mean that Stocks have also topped out?"
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