MongiIG
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Posts posted by MongiIG
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17 hours ago, HeOfMuchDisgrunt said:
@MongiIG Let me clarify the question - is Basel III likely to affect IG's provision of products such as Gold and Silver options and futures and other precious metals?
As I mentioned we will fall under IFR (Investment Firm Regime) and so will not affect IG products and our clients.All the best - MongiIG -
14 hours ago, REKandler said:
Hi
How is IG's Average True Range (ATR) figure averaged over the relevant period?
For instance, is it a simple average, a running average, a weighted average ... or something else?
Many thanks
RichardHi @REKandler
It is typically derived from the simple moving average of a series of true range indicators.
All the best - MongiIG
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Hi @tuferwarwick1 and @dmedin
The super trend indicator is available on the platform.
All the best - MongiIG
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On 04/07/2020 at 00:04, Jimmy01 said:
Hi
Does IG have a super-trend indicator? I'm having trouble finding it.
cheers,
JimmyHi @Jimmy01
The super trend indicator is now available.
All the best - MongiIG
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Market data to trade on Tuesday: German GDP; Best Buy earnings
IGTV’s Victoria Scholar looks at the chart of the DAX ahead of the latest quarterly GDP figures from Germany. Meanwhile, Best Buy’s earnings are in focus on the corporate calendar.
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Oil jumps 3% after last week's heavy losses
Oil is in rally mode today with WTI and Brent both up over 3%. This comes after a brutal week of selling which saw oil prices suffer their biggest week of declines in more than nine months. Victoria Scholar looks at the chart.
https://www.ig.com/uk/market-insight-articles/oil-jumps-3--after-last-week-s-heavy-losses-210823
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4 hours ago, RFSmithers said:
Are there any plans to upgrade MetaTrader4 to MetaTrader5 or also provide IG MetaTrader5 in the near future?
Hi @RFSmithers
It's something we're working on. We have a team dedicated to these sorts of upgrades and integrations. We've been pushing client feedback regarding MT5 since it's been coming in from the community and will continue to do so to give it more priority. When we get an ETA we will share it with the community. We appreciate you patience waiting for MT5.All the best - MongiIG -
On 20/08/2021 at 20:42, HeOfMuchDisgrunt said:IG will fall under the new Investment Firm Regime and therefore we do not expect the Basel III changes to impact IG's clients.All the best - MongiIG
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Coinbase jumps 3% as Bitcoin tops $50k
Coinbase has jumped more than 3% on the IG platform ahead of the US open, after Bitcoin topped $50,000 for the first time since May, retracing 60% of recent losses. IGTV’s Victoria Scholar looks at the chart of Coinbase.
https://www.ig.com/uk/market-insight-articles/coinbase-jumps-3--as-bitcoin-tops--50k-210823
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Charting the Markets: 23 August
FTSE, DAX, and Dow look to recover after recent volatility, while EUR/USD, GBP/USD, and AUD/USD regain lost ground. Meanwhile, gold consolidates as Brent crude attempts to rebound from key support.
https://www.ig.com/uk/market-insight-articles/charting-the-markets--23-august-210823
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. -
Sainsbury's jumps on report of M&A interest
After the Morrisons/CD&R deal, The Sunday Times says private equity giants are now looking at potential bids of over £7billion for Sainsbury’s. Victoria Scholar looks at the chart of Sainsbury’s, which is trading sharply higher.
https://www.ig.com/uk/market-insight-articles/sainsbury-s-jumps-on-report-of-m-a-interest-210823
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Gold and WTI edge higher in opening trade
Oil has begun to move up after a week of losses, while gold prices are continuing to hold their ground.
Source: Bloomberg
Gold
The expected decline in gold refuses to materialise, and instead the price continues to hold above $1775.
Renewed upside requires a move back above $1790, breaching short-term trendline resistance, and opening the way to $1800 and higher. For the time being, the bearish case is in abeyance, but would be revived with a move below $1770.
Source: ProRealTime
WTI
Oil prices remain under pressure, having fallen further on Friday even as equity markets rallied.
Some small gains this morning have reversed some of the negativity, but much more upside is required to breach trendline resistance from the mid-month high.
Even then, it will take a move above $66 to allay fears of further declines. A move back below Friday’s low brings the 200-day simplve moving average (SMA) into play at $60.74, and then down to $58.80 support.
Source: ProRealTime
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Indices rally enters a new session
Having finished the week on a stronger note on Friday, the new week has begun with gains as well.
Source: Bloomberg
FTSE 100
Friday’s bounce saw the price rally from 7036 and then move back above the 50-day simple moving average (SMA) at 7093.
Buyers came in at 7000 to prevent any additional downside, putting the FTSE 100 back on course to target 7200 once more. A reversal below 7040 is needed to suggest a turn to the downside is at hand on a more extended basis.
Source: ProRealTime
DAX
Similarly this index fell towards 15,600 last week and then bounced on Friday. This puts it back on course to 16,000 and to new record highs if bullish momentum is maintained.
As with the FTSE 100, expectations of a more extended pullback have been negated for now, leaving the buyers in charge.
Source: ProRealTime
S&P 500
The bounce from 4360 is intact, and now the price is back on course for 4480 and higher.
Any potential for a pullback has been cancelled out for the time being as the S&P 500 stages yet another bounce from the 50-day SMA (4358).
Source: ProRealTime
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EUR/USD, GBP/USD and AUD/USD take a breather after recent sell-off
EUR/USD, GBP/USD and AUD/USD try to stabilise after recent decline, but bears look likely to return.
Source: Bloomberg
EUR/USD rebound unlikely to last
EUR/USD has been attempting to regain ground since Friday’s low of $1.1664, with last week’s decline taking the pair into a nine month low. While the price has been regaining ground, that is viewed as a retracement rather than anything to get too excited about from a bullish perspective.
Another turn lower thus looks likely before long, with a rise through $1.1804 required to negate that bearish short-term outlook. Until then, this current rise looks likely to resolve in another move lower before long.
Source: ProRealTime
GBP/USD falls back towards key support
GBP/USD has declined through both the 61.8% and 76.4% Fibonacci support levels, with the price falling back towards the $1.3572 low from late July. A break below that support would negate any bullish sentiment developed by breaking through the $1.391 level.
While the price is rising in early trade, we have plenty of ground to make up before the bulls can feel confident that such gains will last. As such, unless we see the price break through the likes of $1.3786, short-term upside is likely to prove fleeting.
Source: ProRealTime
AUD/USD attempts to stabilise after recent breakdown
AUD/USD has been hit hard of late, with the break below $0.7316 ultimately giving way to another period of downside for the pair.
This bearish trend holds on both the short and long term, signalling expectations of further downside to come. With that in mind, it makes sense to look out for further downside, where the current rebound looks to represent a short-term retracement before we head lower once again.
Source: ProRealTime
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Early Morning Call: APAC stocks rebound; USD dips from 9-mnth highs and oil rises
Most indices are higher in Asia, while the FTSE and DAX are poised to open higher. USD dips from nine-month highs while the yuan rebounds off three-week lows. And, oil breaks seven-day losing streak, while gold is firmer.
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.
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For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK.
Today’s coverage:
Indices: Most indices higher in Asia, FTSE, DAX poised to open higher
FX: yuan rebounds off 3-week lows, dollar dips from 9 month highs, Yellen backs Powell for 2nd term
Equities: Is SBRY the next takeover target? GM widens recall, Coinbase in focus as XBT tops $50k
Commods: oil snaps 7-day losing streak, gold firmer
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53 minutes ago, BobbyFarter said:
What is so special about Jackson's hole? Does it smell nice?
Hi @BobbyFarter
The Economic Symposium, held in Jackson Hole, Wyoming, is an annual and exclusive central banking conference to foster open discussion about important and current policy matters attended by central bankers, finance ministers, academics, and financial market participants from around the world. Comments and speeches from central bankers and other influential officials can create significant market volatility.
All the best - MongiIG
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3 hours ago, smokem said:
Hi,
I heard on the news that Sky was having technical problems and thats my ISP.
Strange that it is ok when I use my VPN.
Just checked whitout VPN and all is ok now, thanks for quick reply.
thanks
Hi @smokem
Yes, SKY was having technical issues this morning.
You can make use and always check on IG Status
You are welcome!
All the best - MongiIG
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What to trade the week starting 23rd August: Jackson Hole Symposium; Snowflake earnings
The Jackson Hole Symposium is front and centre for investors next week. IG’s senior market analyst, Chris Beauchamp, looks at what it might mean for the US dollar.
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Oil at 3-month lows, extends losing streak
Oil continues to trade lower, extending its losing streak and languishing around three-month lows. Focus now turns to the Baker Hughes oil rig count figures tonight. IGTV’s Victoria Scholar looks at the chart of West Texas.
https://www.ig.com/uk/market-insight-articles/oil-at-3-month-lows--extends-losing-streak-210820
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Early Morning Call: Nasdaq all-time highs amid risk-on sentiment, DXY weakens ahead of Jackson Hole
Asia markets close higher, extending the rally on Wall Street overnight driven by Pfizer's FDA vaccine approval and expectations of a more dovish Fed at Jackson Hole. Commodities gain as the US dollar weakens.
https://www.ig.com/uk/market-insight-articles/early-morning-call--nasdaq-all-time-highs-amid-risk-on-sentiment-210824