ArvinIG

Hi @Tony, I am not sure about the US as we only offer Forex for US clients. As for other brokers, I believe that it is a business decision based on their dealing desk, risk appetite and exposure. Thank you - Arvin

Hi @JDubyaTas74, Thank you for your post. Effectively the commission is charged per trade. You can change your Expiry so have only one trade when the quantity is available. It is likely that you used the Good till canceled, which fill the order when available and keep the order active until filled or when you cancel that order. I hope that it helps ! All the best - Arvin

Dear IG Community, Please find below the changes of trading hours for Juneteenth bank holiday (US) All times are UK Time. Monday 20th June Brent Crude and Gas Oil futures close early at 6.30pm. US index futures close early at 6pm. We’ll make an out-of-hours price on Wall Street, US 500, US Russell 2000, FANG Index and US Tech 100 from 6pm until the futures reopen at 11pm. US equities and soft commodities are closed. US interest rates close early at 6pm. US energies and metals close early at 7.30pm. The VIX closes early at 4.30pm. Thank you - Arvin

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 20th June 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day. 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. The Juneteenth public holiday is observed on 20th June in the US . – we therefore anticipate posting the below (*) on Friday 17th NB: All dividend adjustments are forecasts and therefore speculative.A dividend adjustment is a cash neutral adjustment on your account. Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount SPX COP US 27/06/2022 Special Div 0.7 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. 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. See full non-independent research disclaimer and quarterly summary.

Hi @AlexI25, Thank you for your feedback, it has been forwarded to the relevant department to be reviewed. Thanks - Arvin

The US dollar is backing down even after the Fed’s 75 bp hike and GBP/USD is breaking out despite the Bank of England disappointing with a 25 basis point move while expecting inflation to hit as high as 11% later this year. Source: Bloomberg The Federal Reserve hiked rates by 75 basis points yesterday. This was the first 75 bp hike since 1994 and the Fed announced this while warning that more hikes were on the horizon, with another hike on the way in July that could be 50 or 75 basis points. The US dollar quickly flickered up to a fresh 20-year-high on the back of the statement release at 2 PM ET, but that move soon started to dissipate and less than 24 hours later, the USD is now trading at a fresh near-term-low. US dollar two-hour price chart Source: TradingView This may sound vexing for traders, the fact that the Fed not only hiked but did so aggressively and the currency is still pulling back. The reason for this disconnect is one of expectations: The US Dollar has been well-bid as the Fed has been very open about their rate hike plans. And last week, at the ECB rate decision, the European Central Bank came off as extremely dovish by hinting at a 25 bp move in July with, possibly, another hike in September. That disconnect slammed the Euro lower while also lifting the USD as the deviation between US policy and the rest of the world remained fairly wide. But, the ECB called an emergency meeting yesterday morning which indicates that they weren’t happy with the result from the week prior and this may compelled them to send the message that their already looking at diverging bond yields in the bloc. So, we may end up seeing a more-hawkish ECB after the market reaction to last week’s rate decision. That helped EUR/USD to hold support at a key zone on the chart, just above the current 19-year-low which shows at 1.0340. EUR/USD weekly chart Source: TradingView On a shorter-term basis, the big question is whether EUR/USD can substantiate much more of a bounce. The ECB isn’t exactly sounding hawkish here and the Fed, from what we heard yesterday, is still heading towards some significant changes with monetary policy that could continue to push the US Dollar higher. So, in EUR/USD, the item of interest is how long this short-term bounce might run in order to catch lower-high resistance for the longer-term bearish move. The 1.0500 psychological level is of interest although that gave an inflection early yesterday morning, well ahead of the FOMC, and this may not offer much selling pressure if/when it comes into play. This opens to the possibility of resistance at 1.0531 or perhaps even 1.0607. US dollar four-hour price chart Source: TradingView USD/CHF One central bank that has come out swinging is the Swiss National Bank with a 50 bp rate hike. This is the SNB’s first rate hike in 15 years and already the Swiss Franc is seeing some hearty gains. Given the history of the pair, there may be more continuation left yet in this move with the next significant support level at around .9565 on the chart. USD/CHF daily chart Source: TradingView GBP/USD We also had a rate hike out of the UK earlier this morning, although it was for 25 basis points. More pressing, however, was the BoE forecasts that suggests the bank is looking for inflation to run as high as 11% later this year. In GBP/USD it was a messy morning, with an initial bearish move that quickly reversed and now the pair is trading at a fresh high, testing above the 1.2250 psychological level. This can be an attractive theme to investigate for fades, particularly for those that want to try to catch a low on the USD. But – there may be a more interesting venue in GBP/JPY given tonight’s Bank of Japan rate decision. GBP/USD two-hour price chart Source: TradingView USD/JPY: turn potential The Bank of Japan meets tonight and the big question is whether BoJ Governor Kuroda will sound as passive about inflation as he did a couple weeks ago. I had written about this a couple of weeks ago, just as Yen-weakness was starting to reappear, and that led to an aggressive move with USD/JPY breaking out and setting a fresh 20-year-high at the 135.00 level. And, even earlier this week, there was bullish breakout potential in here that saw yet another fresh high print. But, over the past 24 hours we’ve seen a turn in that theme as central banks are taking a more-hawkish turn towards policy, and with the SNB’s 50 bp move this morning, there’s even more potential here for a flip at the Bank of Japan tonight. Also consider the fact that Kuroda’s comments a couple of weeks ago suggested that the BoJ was in no rush to normalize policy as there was just one inflation print above 2.5%. Kuroda said the BoJ wanted to see ‘stable’ inflation above 2%, alluding to the fact that the bank was in no hurry. But, after public uproar on the heels of those comments, he was forced to apologize to the Japanese public for downplaying the effects of inflation, facing similar ire as global leaders that are dealing with a more developed albeit similar saga. So, perhaps the BoJ doesn’t hike rates tonight but I would be surprised to hear the bank as lax about inflation as they have been, and this is something that could possibly compel some additional Yen-strength. In USD/JPY, price is already down to the 132.50 level for support, and there’s another spot a bit lower, around 131.25 and that is followed by the 130.00 level. USD/JPY four-hour chart Source: TradingView James Stanley | Trading Instructor, DailyFX, New York City 17 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

U.S. stocks erase Wednesday’s gains and turn sharply lower; the S&P 500 plummets more than 3% and hits new 2022 lows and selling activity on Wall Street appears to be triggered by fears the U.S. economy is headed for a recession. Source: Bloomberg Indices Shares S&P Global Ratings S&P 500 Recession United States Bullish sentiment didn’t last long on Wall Street. After Wednesday’s brief relief rally, U.S. stocks took a sharp turn to the downside Thursday, with most sectors selling off violently amid growing recession anxiety. At the time of writing, the S&P 500 has given up all of the previous session's gains and more, losing roughly 3% and setting a new 2022 low around 3,660. Yesterday, the Fed raised its benchmark rate by 75 basis points to 1.50-1.75%, delivering its largest hike since 1994, but the forceful measure failed to spark a negative reaction as Chair Powell clarified during his press conference that moves of that size would not be common. By not endorsing an uber-hawkish approach, Powell calmed some nerves temporarily, but the mood has soured again as traders begin to acknowledge that the central bank’s remains on course to remove accommodation aggressively over the forecast horizon. For context, 150 basis points of additional tightening is expected for the remainder of the year. This should take the federal funds rate above neutral and into restrictive territory late in 2022, creating headwinds for risk assets. Restrictive monetary policy at a time of slowing activity will become an additional drag on economic growth, increasing the likelihood of a hard landing in the medium term. Recession fears were heightened this morning after interest rates on 30-year mortgages in the U.S. soared to a nearly 14-year high of 5.78% and May new-home construction plunged 14.4%, sinking to the lowest level since April 2020, a clear sign of trouble for the housing sector. Looking ahead, there is little reason to be optimistic about the outlook for the S&P 500 for now. While bear market rallies are difficult to time and cannot be ruled out, the overall trading bias remains tilted to the downside for the world’s top equity index. That said, the next significant leg lower could develop soon if U.S. companies begin issuing negative profit warnings ahead of the second-quarter earnings season. Traders should pay close attention to any guidance offered in the coming days to gauge the strength of Corporate America amid weakening GDP growth, inflation headwinds and tighter financial conditions. S&P 500 technical analysis Wednesday’s rally was nothing but another dead-cat bounce. Today, the S&P 500 is down more than 3% and has broken below channel support at 3,735/3,700, though the trading session is not yet over. If prices close below this area on Thursday, the next downside focus shifts to 3,500, a key floor created by the 50% Fibonacci retracement of the 2020/2022 rally. On the off chance of a rebound, initial resistance appears at 3,810, followed by 4,000. S&P 500 technical analysis Source: TradingView IG Analyst 17 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

The US government asked Aussie baby food maker Bubs to send 1.25 million tins to feed America’s youngest and hungriest. Bubs shares soared 40% on the news. But can these little American babies support this valuation past July? Source: Bloomberg Valuation Revenue United States Profit Market Gross income Bubs Australia Limited is one of Australia’s larger baby formula manufacturers with revenue of AUD60 million in 20221 and a valuation of AUD417 million – up 42% in a day. Three questions come to mind: Is an order of 1.25 million tins to the US worth the extra $100 million plus valuation? Will this make the company profitable? What is the share price going to do? Let’s start with the order of 1.25 million tins (500,000 immediately and another 750,000 to come). Does the order value justify a 40% jump in Bubs shares? The 40% rise — over $100 million in value – would suggest a long-term impact of this order. On its own, however, the order seems far smaller than the valuation seems to imply. Bubs’ tins of baby formula retail for between $22 (normal) and $33 (goat milk) on Amazon.com.au. Clearly, an export order of 1.25 million tins is going to be well below the retail price point. In addition, given that Bubs’ gross profit margin over the past four years has averaged only about 20%, the contribution to gross profit will likely be no more than $2-4 per tin – around A$2.5-5 million in total. An additional $5 million of gross profit seems unlikely to justify a $100 million extra valuation. Will Biden’s big order make Bubs profitable long term? Bubs has been growing rapidly, with revenue in the six months to 31 December up a massive 83.9% over the previous year. However, the engine for this growth was China. This is potentially a problem given the extensive lockdowns in the country and high likelihood of disruptions from the ongoing trade war. Even with the rapid China-led sales growth, Bubs was unable to make ends meet, recording a modest loss of $602k. At the moment, it looks like Bubs is maintaining its sales with $17.6 million revenue in the most recent quarter (compared to $33.6 million in the previous six months). So far so good. An extra $2.5-5 million of gross profit could make it profitable, all else being equal. However, costs are soaring. In its most recent filing with the Australian Stock Exchange, the company recorded manufacturing and operating costs of $22.6 million – $5 million MORE than its revenue for the period. Add in the $6.1 million in staff, corporate, and advertising costs and there appears to be $11 million in red ink on the horizon. The US market probably won’t be the solution either. The US market continues to be dominated by just a few players with significant economies of scale. Breaking into this market when there isn’t a shortage would usually result in razor thin margins. If Bubs can turn this one-off deal into a regular pipeline, then it could possibly turn a long-term profit. However, established brands with their long-term relationships with established supply chains may just nudge Bubs back off the shelves. Where to next for Bubs shares? After the market’s initial exuberance and a 42% price spike to 69c, Bubs shares have trended gradually down to 60.5c now. This is still a hefty 25% above the pre-announcement level of 48.5c. Put another way, that’s still a $73 million valuation gain based on the announcement. Given that this is most likely a once-off deal and that recent filings suggest costs will continue to exceed revenue, it looks like this trend back to 45c could continue. Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Footnotes: 1. Bubs presentation to investors on 22 February 2022. Peter Keusgen | Financial Writer 16 June 2022

Hi @RobJ, Thank you for your post. It is likely that you were charged for the weekend if you are trading FX. Spot FX in the underlying market usually works on a T+2 basis, meaning settlement/delivery 2 working days after the trade takes place. Because of this, the weekend interest (3-day charge) is charged if you held a position through 10pm on a Wednesday rather than through market close on Friday. I hope that it helps ! All the best - Arvin

Hi @JeeS, Thank you for your additional information, it has been shared to the IT team. Thank you - Arvin

Hi @HHao, Could you please clarify if you tried on a different browser? Are you also using the dark theme? Thank you - Arvin

Some pre-FOMC dollar weakness has allowed the euro and sterling to make some gains against the dollar, while USD/JPY is lower in early trading. Forex United States dollar Euro Japanese yen Pound sterling USD/JPY EUR/USD makes headway Reports of an emergency in the European Central Bank (ECB) meeting have helped stabilise the EUR/USD, after the price managed to avoid additional heavy falls yesterday. If the price continues to remain above $1.04, then additional upside towards the 50-day simple moving averages (SMA) comes into play, followed on by the $1.0727 and $1.0777. Continued declines below $1.04 would bring $1.055 into view, the low from early May. Below this, the downtrend moves into play again, with the potential for additional lower lows. Source: ProRealTime GBP/USD edges up after losses GBP/USD has succeeded in stabilising for now above $1.20, having briefly dropped below this level yesterday. But with a new lower low having been created the downtrend is still firmly in play. A short-term rebound would bring $1.22 and then $1.246 into view. However, this would leave the downtrend intact, and it would require a move back above $1.256 to suggest any medium-term recovery is in play. Having fallen below the May 2020 low, the risk now for sterling is a fresh move towards the $1.15 low from March 2020. Source: ProRealTime USD/JPY drops back from new high USD/JPY is edging back in early trading, having hit a new high in its uptrend yesterday. A reversal below ¥133 would suggest a move back to March 2022 rising trendline support, or to the 50-day SMA just below it (currently ¥129.19). For the moment some consolidation seems likely; a more cautious Federal Reserve (Fed) at today’s meeting could see the dollar weaken in the short-term, but the overall gulf in monetary policy between the Federal Open Market Comittee (FOMC) and the Bank of Japan (BoJ) should keep the general uptrend intact. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London 15 June 2022

Hi @Tony, Thank you for your post. On the deal ticket, you can find the relevant information on Info > Other It seems that this stock is Unborrowable meaning can't be shorted, and on Non-leverage only meaning you can only trade this stock on Share dealing account, not on CFD or Spread betting accounts. I hope that it helps! All the best - Arvin

Hi @LaserEye, That would be correct, in the past it only affected new positions not previous ones. There could be instances where we will provide you with a time frame saying after x date the margin will increase. When such event occurs it is likely that you will receive communication around it as IG would know if you will be affected. The communication will clarify if your current position are affected or not. All the best - Arvin

The US dollar continues to hold recent gains ahead of the Fed; today’s FOMC meeting will be key for market movements going forward and if the Fed raise by 0.75%, will USD resume its uptrend? Source: Bloomberg Forex United States dollar United States Risk Consumer price index Federal Open Market Committee The US dollar has made multi-year highs against several currencies this week as well as a 20-year peak on the DXY index, a US dollar index most watched by markets. This is due to the fallout from the US CPI number last Friday that spooked markets into fears that the Federal Reserve is losing control over price rises throughout the economy. As a result, today’s Federal Open Market Committee (FOMC) meeting takes centre stage. Long term chart USD (DXY) Index, USD/JPY, GBP/USD and AUD/USD Source: TradingView The headline CPI number of 8.6% year-on-year to the end of May beat the 8.3% anticipated. The absolute level of it is worrying enough, but of most concern is the re-acceleration of rising prices. Overnight we saw PPI print at 10.8% for the same period instead of 10.9% forecast. Although PPI was a slight miss, the problem remains that higher costs for producers and companies are potentially coming down the pipe and into CPI. Businesses can either absorb the higher costs and reduce profitability or pass on the costs to consumers. In a free-market economy like the US, passing on rising costs is the option most favoured. This is the danger that is lurking for the Fed and has led to an increase of market expectations for a rate hike today from 50 basis points (bps) to 75 bps. The language in the post meeting press conference will be scrutinised closely for clues on the path of future hikes. If the commentary isn’t as hawkish as the market desires, the tail risk of hyper-inflation could become a mainstream risk. All of this extra lifting in rate hike expectations from the Fed has led to Treasury yields racing higher across the curve. Elevated interest rates have boosted the US dollar. Going into today’s meeting, the option market reveals a scramble toward insurance on a higher USD against EUR, GBP, AUD, NZD and CAD via risk reversals. They are showing an increasing preference for puts (sell) for these currencies against USD calls (buy). CHF and JPY risk reversals are more neutral against USD. Clues could be found in the reaction to Fed actions and words for future USD direction. US dollar (DXY) index technical analysis The DXY has eclipsed last month’s peak to make a fresh 20-year high overnight. The next historical high that may offer resistance is at 109.77 from September 2002. Momentum appears to be bullish with positive gradients on all short, medium and long-term simple moving averages (SMA). Making this high saw the price move outside the upper band of 21-day SMA based Bollinger Band.A close back inside the band could indicate a potential reversal. Support might be at 10- and 21-day SMAs, currently at 103.46 and 102.83 respectively. Source: TradingView Daniel McCarthy | Strategist 15 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

Dow Jones and Nasdaq 100 suffering as Fed faces credibility test; will a 75-basis point rate hike, or more, restore risk appetite next? Both indices are trying to confirm breakouts under key support. Source: Bloomberg Indices Shares Central bank Dow Jones & Company Risk Inflation The Dow Jones and Nasdaq 100 have been falling since an unexpectedly stronger US inflation report crossed the wires last week. This has resulted in a rapid repricing of Federal Reserve rate hike expectations after the central bank began hinting at a pause in September just weeks ago. The markets now anticipate a whopping 75-basis point bump on Wednesday instead of 50. It seems like the central bank is facing a credibility test. Normally, a softer-than-expected rate hike would typically trigger a boost in risk appetite and fuel stocks higher. This time might be different. That is because such an outcome could be interpreted as the Fed failing to take adequate steps to meet its average inflation target of 2%, causing markets to lose faith in the central bank doing its job and increasing uncertainty. As such, the Fed might do whatever it takes to restore confidence this week. A 75bp hike might just be the ticket, or perhaps even more. Last week, the Reserve Bank of Australia unexpectedly delivered a stronger-than-anticipated hike that caught traders off guard. If the Fed pulls off a similar measure and upholds its inflation target, this could bode well for risk appetite in the short run. Down the road, it remains tough to be fundamentally bullish US equities. The reality is that surging bond yields continue taking away the appeal of owning riskier assets. The stronger CPI report last week means higher rates from the Fed for the time being. But, if the central bank can restore faith and build up confidence, perhaps the pain in stock markets could begin cooling in the not-so-distant future. Dow Jones technical analysis Dow Jones futures have broken and closed under lows from March 2021, effectively taking out the 30512 – 30803 support zone. Confirmation is lacking at this time, so market bears ought to proceed with some caution. The February 2021 low has been exposed at 29552 as the next key support level. In the event of a turn lower, the 50- and 100-day Simple Moving Averages are still pointing lower, offering a bearish bias. These could hold as resistance, reinstating a downside focus. Dow Jones – daily chart Source: TradingView Nasdaq 100 technical analysis Nasdaq 100 futures close around the lows of this year so far, but prices have left behind a Doji candlestick pattern. This is a sign of indecision amid positive RSI divergence, with the latter showing fading downside momentum. Upside follow-through could spell some optimism ahead, placing the focus on the 50- and 100-day SMAs. These could reinstate the downside focus, maintaining a broader bearish bias. Nasdaq 100 – daily chart Source: TradingView Daniel Dubrovsky | Currency Analyst, DailyFX, San Francisco 15 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

Australian dollar falls versus US dollar as markets prep for Fed action; natural gas markets see volatility surge after US terminal incident and AUD/USD approaches critical point of resistance near May low. Source: Bloomberg Forex Commodities United States AUD/USD United States dollar Australia Wednesday’s Asia-Pacific outlook The Australian dollar tumbled again versus the US dollar overnight as Federal Reserve rate hike bets for a 75-basis-point move solidified. Feds funds futures and overnight index swaps are showing nearly a 100% chance that the jumbo rate hike to occur tonight when the FOMC announcement is due to cross the wires. The aggressive action would likely increase the chance for a global recession, which was perhaps the main driver of risk aversion. Australia’s Westpac consumer confidence index for June is due out this morning, which may provide a catalyst to halting the Aussie dollar’s fall. A move lower from May’s 90.4 print may spur additional weakness, however. Thursday’s employment data will provide the biggest risk driver for the Australian dollar later this week. Analysts expect to see 25k jobs added in May, according to a Bloomberg survey. Last night, Reserve Bank of Australia Governor Philip Lowe signaled the need for additional rate hikes to bring inflation down. The US dollar continues to reign supreme over its major peers despite an increasingly hawkish tone across global central banks. As recession odds increase, so does the demand for safe havens like the US dollar. There is a chance for a relief rally in risk-sensitive currencies, however, given the Greenback’s unabated ascent over the past several weeks. The FOMC may provide a trigger for that move if Mr. Powell’s statement comes off less hawkish than markets expect. Oil prices are moving lower into early Asia-Pacific trading, weighed down by recessionary fears and the recent revival of strict Covid-19 restrictions across Chinese cities. European natural gas prices spiked this morning, while US prices fell on news that a liquefied natural gas (LNF) terminal in Texas will be offline for months following an incident at the facility. That will reduce US capacity to export natural gas. AUD/USD technical forecast AUD/USD prices fell to the lowest levels traded at since May 12. A trendline from the October 2021 swing high may underpin prices for now, but a drop below that level could see prices take out the May swing low. MACD and RSI are both tracking below their respective midpoints. AUD/USD daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 15 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

Hi @RobGOR, It seems that the Oasis Petroleum Inc, are not tradeable. Please reach out to heldesk.uk@ig.com for further information. All the best - Arvin

Hi @RJnasir, I confirmed with the IT Team, we do not have a QR code for Autochartist. You can find Autochartist signals on the IG platform in the Signals section: You can also download an Autochartist plug in for MT4, more details here: https://www.ig.com/en/trading-strategies/what-is-autochartist-and-how-do-you-use-it-when-trading--190529 I hope that it helps. All the best - Arvin

Hi @RJnasir, Thank you for your post. Could you please clarify what third party tool is it? I am only aware of a QR code to setup 2FA on the account. Thank you - Arvin

EUR/USD trades to a fresh monthly low as it extends the series of lower highs and lows from last week and the exchange rate appears to be on track to test the yearly low as the Fed is expected to implement higher interest rates. Source: Bloomberg Forex Shares United States dollar EUR/USD Euro IG Group EUR/USD rate approaches yearly low with Fed rate hike on tap EUR/USD has depreciated approximately 3% from the start of the month as US Treasury yields climb to a fresh yearly high, and the Federal Open Market Committee (FOMC) rate decision may keep the exchange rate under pressure as the central bank is anticipated to deliver another 50bp rate hike. Source: DailyFX With that in mind, the update to the US Retail Sales report may generate a limited reaction as the Fed is slated to update the Summary of Economic Projections (SEP), and a shift in the forward guidance for monetary policy is likely to influence foreign exchange markets as the central bank warns that “a restrictive stance of policy may well become appropriate depending on the evolving economic outlook.” As a result, the US dollar may continue to outperform against its European counterpart if Chairman Jerome Powell and Co. continue to raise their longer-run forecast for the Fed Funds rate, but EUR/USD may attempt to defend the yearly low (1.0349) should the central bank retain the current course for monetary policy. In turn, more of the same from the FOMC may generate a mixed reaction in EUR/USD as the European Central Bank (ECB) shows a greater willingness to shift gears in 2022, but the tilt in retail sentiment looks poised to persist as traders have been net-long the pair for most of the year. Source: DailyFX The IG Client Sentiment report shows 68.58% of traders are currently net-long EUR/USD, with the ratio of traders long to short standing at 2.18 to 1. The number of traders net-long is 1.81% higher than yesterday and 12.16% higher from last week, while the number of traders net-short is 3.46% higher than yesterday and 26.05% lower from last week. The rise in net-long interest has fueled the crowding behavior as 57.33% of traders were net-long EUR/USD at the start of the month, while the decline in net-short position comes as the exchange rate trades to a fresh monthly low (1.0400). With that said, EUR/USD may continue to carve a series of lower highs and lows over the coming days as the Fed is expected to implement higher interest rates, and a move below 30 in the Relative Strength Index (RSI) is likely to be accompanied by a further decline in the exchange rate like the price action seen earlier this year. Source: TradingView David Song | Analyst, DailyFX, New York City 14 June 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.

Hi @GAJames4556, Thank you for your post. There is no ETA at the moment. IG needs to receive incomes on our extensive list of international security types. The certificates are sent once all incomes has been received at IG and classified. You can find further information on UK Statements here: Thank you - Arvin

Hi @Sartois, Unfortunately, the desk came back saying Man GLG is OTC and not exchange traded. Therefore, they won't be able to add it on the platform. Thank you - Arvin

Hi @VIKBIK, Thank you for you post. On AUS contracts one point means AUD 1. Therefore the 0.69 would be the conversion of AUD to your account base currency USD. You can open a CFD account with a different base currency if you wish to trade in AUD for example. You will need to open a CFD account and contact us to change the base currency. I hope that it helps ! All the best - Arvin

Hi All, Thank you for your feedback, the IT team said that it was fixed for some clients. Could you please clarify if it is all notifications, or only price alerts, indicators, positions notification? Thank you - Arvin