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ArvinIG

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Everything posted by ArvinIG

  1. Hi @CloudStock, The IT team came back to me. Could you please confirm if you are still facing the issue? If so you could you please follow these steps: 1. Right click on your IG platform and click on Inspect: 2. Click on '>>. then Network: 3. Click on the error notifications at the top, and take a screenshot of the highlighted areas and anything in red: With these information our team will be able to fix the issue. Thank you - Arvin
  2. Hi @Europa1, It seems that our team came back to you via email. Could you please confirm if everything is working properly now ? Thank you - Arvin
  3. Hi @ikkeman, Thanks for your post. For API support, please reach out to our dedicated team at webapisupport@ig.com. All the best - Arvin
  4. The Hang Seng Tech index, which tracks the 30 largest tech-themed companies listed in Hong Kong, has delivered a drawdown of as much as 68% since its February’s peak last year. Source: Bloomberg Indices Shares China Risk Severe acute respiratory syndrome coronavirus 2 Hang Seng Index Brief overview The Hong Kong Tech index, which tracks the 30 largest tech-themed companies listed in Hong Kong, has delivered a drawdown of as much as 68% since its February’s peak last year. Although there were some attempts to stabilise in recent weeks with further policy support from authorities and easing Covid-19 restrictions, previous rounds of dip-buying were met with relatively short-lived relief rallies. This bodes the key question of when we can actually see an eventual bottom. From a valuation standpoint, the price-to-book ratio for the index currently stands at 0.96, which may seem to be at an attractive level on a longer-term timeframe, trailing way below the Nasdaq 100 index valuation of 6.7. That said, to provide a longer-term confidence boost for the sector, several uncertainties may be on watch. Some risks to watch Covid-19 risks While there has been some relief following China’s upcoming shift towards normalcy, its zero-Covid-19 stance remains in place, which points towards on-and-off economic restriction measures in the event of any virus outbreaks. Its low elderly vaccination rate and lopsided distribution of healthcare resources suggests that its strict position may not see a shift anytime soon. One may have to watch for a prolonged period of low virus cases, which may revive market confidence in the authorities to keep virus spreads under control and potentially put Covid-19 risks on the backseat. Additionally, we may have to see markets gradually adjusting their expectations around intermittent virus outbreaks, with any resilience in market performance to rising virus cases potentially a positive sign. Regulatory risks Just as dip-buyers carry some belief that regulatory reforms from authorities may be nearing its end, there have always been overnight surprises thrown in their way. While the hot-and-cool tone around the regulatory landscape continues to play out, one may have to watch for signs of a shift in tone from the authorities to potentially display some form of compromise. This will remain a black box, with the latest hurdle revolving around the potential delisting of Chinese tech firms from US stock exchanges. Previous talks have not seemed to lead to any concrete results, reinforcing the fact that it is a tricky issue to resolve. Global risk sentiments Global risk sentiments remain largely fragile in light of further tightening from central banks and the impending trade-off for economic growth. While China’s policies are deviating towards the accommodative end, any global risk-off mood may have a knock-on impact on performance in the region as well. With policy support and economic reopening, a stronger recovery in economic indicators over the coming months will be on watch ahead to gauge the impact of easing policy success and pent-up demand. That said, the huge drawdown for the Chinese tech sector since February last year has brought its valuation to near record low level, which may aid to limit the extent of losses from the global scale. The 20-day correlation between the Hang Seng Tech index and the Nasdaq 100 index has been negative since mid-May this year, and any divergence in performance ahead may be a positive sign of breaking away its influence from external factors. What can we expect in the near term The KraneShares CSI China Internet ETF (KWEB) offers exposure to Chinese software and information technology, with its top few holdings comprising of Tencent Holdings (10.6%), Alibaba Group Holding (9.0%), Meituan (7.8%), JD.com (7.4%), Baidu Inc (6.9%) et cetera. From a technical perspective, equity bulls may be seeking to defend a key support line at the $26.00 level, which marked its bottom back in 2013 and 2015. While a previous symmetrical triangle pattern may denote some market indecision, a recent break out of the triangle this week may seem to suggest that buyers are seeking to regain greater control. That said, should the $26.00 fail to hold, it may point to the strong bearish pressure in place, opening the doors for further downside. Source: TradingView On the monthly chart, a hammer candlestick seems to be in place, coming after three consecutive months of negative performance. That may potentially increase the chances of a near-term rebound, with one to watch for any confirmation close in the coming month. Source: TradingView Technical analysis – Hong Kong Tech index While the higher highs and higher lows for the Hong Kong Tech index in recent weeks suggests an attempt for a near-term upward trend, a key resistance at the 4,500 level may need to be overcome in order to provide further upside. This is where a downward trendline since November last year stands in place with a horizontal resistance level, which weighed on the index on two previous occasions since April. In the event of a retracement, the 4,067 level may seem to be on watch for any formation of a higher low, where the lower trendline of an ascending channel pattern may serve as support. Source: IG charts Yeap Jun Rong | Market Strategist, Singapore 02 June 2022
  5. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6th 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. 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 EOG US 14/06/2022 Special Div 1.8 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.
  6. Hi @Varma, Thank you for your post and welcome to the IG Community. On Share Dealing and ISA accounts you can only short if you already purchased the stock previously. For example you bought 10 shares of Microsoft, then you can sell up to 10 shares of Microsoft. Share dealing accounts allow you to purchase shares and own the asset. Why Leveraged account like CFD or Spread Betting, allow you to pay a small portion of the full price to gain exposure. Short-selling works by the trader borrowing the underlying asset from a trading broker and then immediately selling it at the current market price. You don’t actually own the asset. Please read through the blog posted yesterday about short selling for a better understanding. You will need to use a leveraged account to short sell Microsoft shares. Feel free to have a look into the IG Academy which is a free educational tool provided by IG: https://www.ig.com/uk/learn-to-trade/ig-academy I hope that it helps ! All the best - Arvin
  7. Short-selling goes against the traditional mantra of buying low and selling high. But it can be a useful tool, helping traders to find opportunity even in falling markets. Find out what short-selling means and how it works. Shares Forex Short Asset Stock Hedge What is short-selling? Short-selling, or a short sale, is a trading strategy that traders use to take advantage of markets that are falling in price. When you short-sell, you are selling a borrowed asset in the hope that its price will go down, and you can buy it back later for a profit. Short-selling is also known as ‘shorting’ or ‘going short’. Most short-selling takes place on shares, but you can short-sell many other financial markets, including forex and indices. How does short-selling work? Short-selling works by the trader borrowing the underlying asset from a trading broker and then immediately selling it at the current market price. You don’t actually own the asset, so you will probably have to pay a lender’s fee. When you close your trade, you buy the asset back at its new price and return it to your lender. If the market does fall, you can profit from the decline, but if it rises, you’ll have to buy back the shares at a higher price and accept the loss. Traditional short-selling comes with a few limitations. For instance, because you don’t own the assets that you are going to trade, you’ll need someone to lend them to you. This means that you could encounter issues like an unborrowable stock – the term for a share that no one is willing to lend you. Using derivative products, such as CFDs, is an alternative way to execute the trade, since these products do not require the exchange of an underlying asset. With CFD trading, you are agreeing to exchange the difference in price of your chosen asset from when the position is opened to when it is closed. When you short-sell a CFD, you open a position to ‘sell’ the asset. For example, if Apple shares are trading at $150 a share, and you short-sell 100, you could close your position when the price reaches $145 a share and make a profit of $500 [($150 - $145) x 100]. Example of short-selling Suppose bitcoin is currently trading at $3500, but you think the price will go down. So, you decide to open a short position on 10 bitcoin. A week later, the price reaches $3400 and you close your position. This means you have made $1000 in profit. This is calculated by subtracting the new asset price from the opening position price, and then multiplying by the number of bitcoin traded [($3500 - $3400) x 10]. If the price rises, you will run a loss. For example, if bitcoin rises to $3550, you will lose $500. Why short-sell? The main benefit of short-selling is that it increases the number of trading opportunities. The two most popular reasons for short-selling are speculation and hedging. Short-selling gives traders a whole new dimension of market movements to speculate on – as traders can make money even if the underlying asset drops in price. Hedging is another way to use short-selling. With hedging, traders can protect against losses to a long position. For example, if you’re going long on the S&P 500, a downward move could negatively impact you. Therefore, you also open a short position to lessen the impact. But short-selling also has its disadvantages. There is higher exposure to losses if the asset’s price doesn’t behave as you expect. If an asset’s price increases, your losses could potentially be unlimited. And if this happens, a short squeeze can occur, which means short sellers all try to cover their positions at once – pushing the price of the stock up even further and amplifying losses. This makes it important to have a risk management strategy in place. Manage your trading risk and improve your trading skills with IG Academy’s risk management course Short-selling tips In order to get the most out of the market via short-selling, it’s important that you do extensive planning and have a solid strategy. We have put together a few tips to get you started. Do a complete fundamental analysis on the market before you decide to go short Be mindful of your position size – the larger it is, the more risk is involved. However, if the position is very small, you might not make a visible profit Set up trading alerts that will notify you when your market hits a certain level and then lets you decide what to do next Place trailing stops that will follow your position if it earns a profit and close if it reverses Place guaranteed stops to close your position once it rises to a certain point. This puts a limit to your downside and you’ll only have to pay a small charge if your stop is triggered Short-selling summed up We have summarised a few key points to remember on short-selling below. You can go short on a market of your choice, via CFD trading or by borrowing stock from a broker If the underlying market price dips, you could make a profit It’s important to have the appropriate risk management tools in place to avoid big losses In a nutshell, you can use short-selling to speculate on falling market prices – giving you the opportunity to profit from bear markets as well as bull runs. Anzél Killian | Financial writer, Johannesburg
  8. Hi @MikeGale, Thank you for your post. IG only offers CFD and Spread Betting demo accounts. We are unable to provide share dealing demo accounts as on share trading accounts the orders are place on DMA (Direct Market Access). You can trade shares on CFD account for example but it will be using leverage (margin) I hope that it helps. All the best - Arvin
  9. Hi @MrTuran, Thank you for your post. 1. It is correct that you will need to wait for the settlement period to be completed to withdraw the funds in available to withdraw funds. You can use your unsettled funds to trade. The fund will reflect in the Available funds balance. 2. The 3 trades for the commission free applies for both accounts trades combined. 3.It is specified that it is previous calendar month, therefore that would be 1st to 1st I hope that it helps ! All the best - Arvin
  10. Australian dollar slipped post GDP amid rising risks on several fronts The Australian dollar is struggling despite strong GDP numbers; AUD had been rallying prior to the data but USD strength emerged and risks are swirling for AUD/USD. Source: Bloomberg Forex Shares Australian dollar United States dollar AUD/USD Australia Daniel McCarthy | Strategist, | Publication date: Wednesday 01 June 2022 13:05 The Australian dollar surprisingly gave up early gains and dipped after 4Q quarter-on-quarter GDP came in at 0.8% against forecasts of 0.7% and a previous 3.4%. This made annual GDP to the end of March 3.3% instead of 3.0% anticipated and 4.2% prior. It reveals upward revisions to previous quarters. Australia’s ASX 200 stock-index got a small bump up on the news after finishing -3% for the month of May. Today’s figures come after yesterday’s local building approvals missed by a notable margin. They came in at -2.4% month-on-month in April instead of rising by 2.0% as expected. The immediate reaction of AUD/USD appears to be more related to US dollar strength rather than AUD weakness. The Aussie is only mildly weaker against most other G-10 currencies. AUD/USD short term chart Source: TradingView Naturally, AUD/USD is subject to external factors. The broad picture sees the Ukraine war, China’s zero-case Covid-19 policy and central bank tightening schedules as the main themes that the market is focused on for now. The entire commodity complex is experiencing elevated prices due to scarcity created by the war in Ukraine and a resolution to the conflict does not seem apparent. This has not translated into a higher AUD/USD despite Australia’s trade balance continuing to improve. Tomorrow we get the latest data for April and the market is forecasting AUD 9 billion trade surplus for the month. China’s zero-case Covid-19 policy continues to present risks to global trade. The slight easing of restrictions in the last few days does little to allay fears that Chinese ports could easily be interrupted again. The market cannot currently see a way out of the pandemic for China if they persist in a zero-case policy when the rest of the world is seeing regular cases. The US dollar has been gaining in the last few sessions as the chance of a September pause in the Fed’s rate hike path hit a few hurdles. Comments from Fed Governor Waller and Atlanta Fed President Bostic have intimated that inflation needs to be moving significantly south for a pause to happen. Additionally, after a meeting with Fed Chair Jerome Powell, US President Joe Biden affirmed that the Fed should be respected and re-iterated its independence in its fight on inflation. The market interpreted his comments to give the green light for aggressive rate hikes. Political commentator interpreted this as the President looking to share the blame for any impending slow-down in the economy. In any case, for the Aussie from here, the focus is on tomorrow’s trade data but it would seem that it would have to be a stellar number to lift the currency. 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.
  11. Snap’s share price hit a record of $83 last September. But it’s now down by 82% to $15 a share, below its $17 IPO launch price. Source: Bloomberg Shares Snap Inc. Macroeconomics Spiegel (US retailer) Chief executive officer Inflation Snap (NYSE: SNAP) shares have fallen by a third over the past week as CEO Evan Spiegel sent a note to staff, part of which was filed with the SEC, that presented a downgraded vision for short-term future growth. But with 332 million daily active users, Snap’s share price could now be a buying opportunity. Snap share price: reality check In its filing, the CEO told employees and investors that ‘the macroeconomic environment has deteriorated further and faster than anticipated…we believe it is likely that we will report revenue and adjusted Ebitda below the low end of our Q2 2022 guidance range.’ Worryingly, its Q2 revenue forecast was for 20% to 25% year-over-year growth and was already below analysts’ estimates. Speigel blamed ‘rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more.’ In April’s Q1 results, the CEO had previously sounded an enthusiastic note, arguing they ‘reflect the underlying momentum in our business through a challenging operating environment, as we grew our community 18% year-over-year to reach 332 million, and grew our revenue 38% year-over-year to reach $1.06 billion for the quarter.’ While revenue was up 38% year-over-year to a little over $1 billion, Q1 already had a flashing red warning sign; Snap’s net loss had increased by 25% to $360 million from $287 million. There are two key takeaways from the CEO’s words. The first is that rather than fully committing to investing in further rapid growth, Snap is battening down the hatches. The second is the speed of the directional change, just one month after Q1 results. Source: Bloomberg Where next for Snap shares? The depressive effect of Snap’s update wasn’t confined solely to its own share price, with Meta, Alphabet, Twitter, Pinterest and more losing a reported $200 billion in combined market value on a single update from the relatively minor player. Given Snap’s now $25 billion market cap, it’s concerning how influential the announcement was. And many high growth tech companies, including Meta and Twitter, had already warned that growth would slow in this quarter. Dan Suzuki, Deputy CIO at Richard Bernstein Advisors, told Bloomberg that social media companies ‘are having to bring these unattainable, unrealistic investors’ expectations back down to Earth…underlying growth is slowing as these companies mature and it gets more competitive.’ Atlantic Equities analysts concurred, saying that ‘coming just a month after issuing guidance this would seem to highlight the current rapid pace of change in underlying economic conditions…Snap’s warning is clearly a negative for all of the ad-supported peers.’ Like its competitors, Snap benefitted from a user surge during the pandemic as consumers worldwide were forced into government-mandated lockdowns. But people are now returning to offices, schools, and normal society, while wider macro factors are depressing its stock. However, as Piper Sandler analysts encouraged, it does mean ‘this is more macro and industry-driven versus SNAP specific.’ However, Stifel analysts noted that SNAP ‘is slightly more DR (direct response) than brand currently’ and that these types of campaigns ‘are likely starting to get hit a bit more from inflationary pressures.’ Spiegel is now in a tough spot. On one hand, he’s conducting a spending review and has urged managers to slow hiring, saying ‘our most meaningful gains over the coming months will come as a result of improved productivity from our existing team members.’ However, having increased headcount by 1,800 in 2021, and by a further 900 so far this year, the CEO still intends to increase growth. Despite the pessimistic tone, the company still expects to hire an additional 500 staff by end 2022. Arguably, employee pressure to perform is about to increase. But it’s important to contextualise this update. Snap’s revenue exploded from $59 million in 2015 to $4.1 billion in 2021. And while growth will almost certainly slow down in the near term as advertisers reduce spend, the wider macro factors hitting Snap’s share price will eventually subside. Spiegel’s warning is about external factors, not an internal problem with Snap’s business model. And every contraction in advertising spend ever has been followed by a period of sustained growth. At $15 apiece, Snap shares could be a buying opportunity for investors with both the fortitude and the patience to hold long-term. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 31 May 2022
  12. Hi Cate, That is correct the ex-div was adjusted at a different time due to the public holiday. Thank you - Arvin
  13. Dear IG Community, Please be aware that due to Memorial Day (US) and the Platinum Jubilee (UK) bank holidays our trading hours will change. All times are in UK time. Monday 30th May 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. Thursday 2nd June UK equities, UK index futures, interest rate and commodity markets (except Brent Crude & Gas Oil) are closed. We’ll make an out-of-hours price on the FTSE 100. Friday 3rd June UK equities, UK index futures, interest rate and commodity markets (except Brent Crude & Gas Oil) are closed. We’ll make an out-of-hours price on the FTSE 100. Hong Kong markets will be closed. Out of hours pricing will be available on the Hong Kong HS50, Hong Kong Tech and China H-Shares indices. Please let us know if you have any question All the best - Arvin
  14. USD/JPY remains range-bound after a move lower lacked follow through; JPY direction might be hostage to broader moves in the US dollar and yen weakening has paused. Source: Bloomberg Forex Shares Japanese yen USD/JPY United States dollar Market sentiment USD/JPY USD/JPY spent last week straddling the late April low of 127.03. When it initially moved below that level, the price exhibited very little follow through, making a low of 126.36. This could indicate a lack of conviction to press lower and support might be at that low. Further down, the break points at 125.10 and 125.28 may provide the next support zone. The March low of 121.32 could also be a support level to watch. The consequent sideways price action appears to confirm that the range trading environment remains intact for now. Prior to this set-up, USD/JPY had been in an ascending trend channel. The 19th April was the day that JPY was at its historical lowest ebb against the CNY. When that CNH/JPY peak was made, China started to devalue CNY via USD/CNY and consequently, JPY stopped weakening more broadly. The period since 19th April has seen the 5-, 10-, and 21-day simple moving averages (SMA) move above the price and turn from positive to negative gradients. This rolling over of the short-term SMAs potentially indicates near-term bearish momentum. Offsetting this, the medium- and long-term SMAs, represented by the 55- and 200-day SMAs, remain below the price with positive gradients, illustrating possible bullish cues over a somewhat longer time horizon. This clash of momentum signals further supports the possibility that a range-trading setup may persist. If the price breaks above the short term SMAs or below the 55-day SMA, momentum could gather in that direction. On the topside, the recent highs of 131.26 and 131.35 could offer an area of resistance. A break above those 20-year peaks may see a possible test of the resistance zone at the January and February 2002 highs of 135.01 – 135.16. Source: TradingView 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. Daniel McCarthy | Strategist 30 May 2022
  15. The fashion retailer unveiled full-year results and a Q1 trading update Source: Bloomberg Shares Brand Ted Baker Retail Company United States Trading is turning around at Ted Baker PLC after a difficult few years due to Covid. The fashion retailer says it is benefiting from the general return to office-based working, travel and events such as weddings. Revenues at the company, which recently put itself up for sale, rose 20% during the full-year to £428 million (from £355.3 million in 2021). Losses before tax narrowed to £44.1 million from £107.7 million last year. Shares rose half a percent on the day of the results but fell 3% on Friday to 135.8p, suggesting investors may have decided to take some profits after there was little news about the bid situation for the company. Ted Baker brand ‘remains robust’ “We continue to make good progress against our transformation plan, helping us deliver strong sales momentum through the year as we focus on driving Ted Baker’s growth as a global lifestyle brand,” chief executive officer Rachel Osborne told investors. “That momentum has continued into the new year, supported by a steady return to the office and social events. While we remain mindful of what is a challenging macro environment, we are well positioned for growth.” Osborne says customer’s response to their 2022 collection and new digital platform, which recently launched, has been positive and that its “strong brand, capital light strategy and well-established distribution channels” give the company confidence for its future. The company says the brand remains in “robust health.” Trading in the UK has remained strong, while it is improving in the US and Germany. Store sales increased by 62% in the US to £64.4 million, boosted by the easing of Covid restrictions and greater demand for formal wear. UK and European sales also rose by 11% to £205 million. Gross margins improved by 105 basis points for the full-year, with gross margins on full price sales up 810 basis points for the period. The company had net cash of £3 million at the end of the year and bank facilities in place of £80 million. Ted Baker receives flurry of offers Ted Baker officially put the company up for sale following two offers from US-based Sycamore Group. However, the private equity firm recently pulled out of the bidding. Management says the company has received a flurry of further offers from other parties. It’s thought that Authentic Brands, the company behind Reebok, is considering making a bid. “The most urgent task for the new owner of Ted Baker is to revitalise the brand’s fading image,” said Alex Smith, global sector lead at Third Bridge. Our experts say that there are very few brands that have the sheer personality of Ted Baker and the value of a refresh could be huge. “[However] hybrid working gets more entrenched every day, this leaves a big question mark over the future demand for formal workwear. Ted Baker is wisely moving away from formal occasion wear towards everyday.” Smith thinks the US offers a “massive opportunity for future growth” because of its size but warns that the likes of Amazon and eBay are also moving into the premium fashion sector. Like other retailers, the company will also be facing rising input costs and the cost of living crisis’ squeeze on customer’s pockets. Ted Baker shares are down 22% this year but have benefited of late from takeover talk. Investors may wish to hang on until a recommended offer ensues, but it may also be wise to take some profits in the short term. Piper Terrett | Financial writer, London Saturday 28 May 2022
  16. Hi @TradingBrotherBro, Thank you for you post. An ISA is an Individual Savings Account which receives generous tax breaks from the government to encourage you to invest or save. While it’s not an investment in its own right, an ISA enables you to protect your savings and investments from tax on capital gains, dividends and interest. On an ISA account your are capped by a maximum allowance. While on a traditional Share dealing account, there isn't a cap or tax advantages. You can find differences between CFD and Share dealing here: https://www.ig.com/uk/cfd-trading/cfds-vs-share-dealing You can find differences between Spreab betting and share dealing: https://www.ig.com/uk/spread-betting/spread-betting-vs-share-dealing The main differences are that you are using leverage to gain exposure. Fees are different and risk are higher. For educational content you can browse on the IG Academy on https://www.ig.com/uk/learn-to-trade/ig-academy I hope that it helps ! All the best - Arvin
  17. Hi all, Thank you for your posts. Could you please clarify what is the exact name of the index , we will be able to confirm if we offer it or not. All the best - Arvin
  18. Hi @NFS, Thank you for your post. You can contact IG Helpdesk on T +65 6390 5118 or via email on helpdesk@ig.com.sg. Alternatively, you can reach out to the Account manager that was in contact with you while opening your account. If needed we can answer some of your questions here. All the best - Arvin
  19. Major indices the S&P 500, Nasdaq 100, DAX 40 and SA40 have all started to give some technical indication that a change in their respective price trends could be nearing. Source: Bloomberg Indices Shares S&P 500 DAX Nasdaq S&P Global Ratings Major indices the S&P 500, Nasdaq 100, DAX 40 and SA40 have all started to give some technical indication that a change in their respective price trends could be nearing. S&P 500 – double bottom testing breakout Source: ProRealTime The S&P 500 index is currently testing the 4095 resistance level. A close above this level would confirm a double bottom (‘W’) reversal pattern. The reversal pattern would suggest a change in directional trend from down to up. Should the pattern confirm with an upside breakout, 4300 becomes the initial target from the move, while a close below the 4000 level could be used as a stop-loss indication for the trade. Nasdaq 100 – double bottom Source: ProRealTime The Nasdaq 100 (US Tech) also looks to be forming a ‘W’ shaped reversal pattern. The pattern is, however, less evolved than that noted on the S&P500. A close above 12570 would confirm the pattern, in which case, 13535 would become the initial upside resistance target from the move. DAX 40 Source: ProRealTime The DAX 40 (Germany 40) is currently testing the breakout level of an inverse head and shoulders reversal pattern. The pattern also suggests a short-term change in directional trend from down to up. A close above the neckline of the pattern (as is currently trading) would put the pattern into play. In this scenario, 14820 would become the initial upside resistance target from the move, while a close below either the 13850 or 13690 level (depending on appetite for risk) could be used as a stop-loss indication for the trade. South Africa 40 Cash Index Source: ProRealTime Our criteria for a bullish price reversal on the South Africa 40 Cash Index is close to being realised. The index has now broken through trendline resistance and is now testing an upside break of the 63650 level. A close above 63650 would confirm the upside breakout from a double bottom (‘W’) reversal pattern. The ‘W’ reversal is a suggestion that the market has now stopped making lower lows and is now starting to make higher highs i.e. a change in market direction. Should the close above 63650 confirm, 64555 becomes the initial target from the move. A close above this level would further target 65600 as the next resistance level. In this scenario (should it manifest), traders might consider using a close below today’s (27 May) intraday low at 62900 as a stop-loss indication for the trade. Shaun Murison | Senior Market Analyst, Johannesburg 28 May 2022
  20. Hi @CloudStock, I added your screenshot to the incident case. The IT team is working on the matter. Thank you for your patience - Arvin
  21. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30th May 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. NB: All dividend adjustments are forecasts and therefore speculative.A dividend adjustment is a cash neutral adjustment on your account. Index Bloomberg Code Effective Date Summary Dividend Amount N/A Special Div 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.
  22. Hi @Karma, Thank you for your post. You can find the expiry and rollover details in the info tab on the dealing ticket: Additionally, you can change the settings of your rollovers to be done automatically on My IG > Settings > Rollovers : I hope that it helps! All the best - Arvin
  23. Outlook on Nasdaq 100: are we close to a bottom? Source: Bloomberg Indices Shares Federal Reserve Nasdaq-100 Market trend Inflation The Nasdaq 100’s swift descent The Nasdaq 100’s swift descent has so far taken it to its 11,490 one-year low amid soaring inflation, an aggressive US Federal Reserve (Fed) monetary policy, a possible global recession and mainly disappointing earnings from its constituents. The index, which has been hard hit since the beginning of the year, losing around 28% year-to-date, has been trying to stabilise this week as investors made use of what they perceived to be good buying opportunities at the market’s recent lows, while keeping an eye on the Fed's rate hike cycle. The minutes from the Fed’s early May meeting showed that most committee members agreed to raise rates by a further 50 basis points in June and July, to quell soaring inflationary pressures. In addition, the Federal Open Market Committee (FOMC) minutes stated that “a restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook.” The yield in the US 10-year Treasury note was little changed around 2.75% following the 50-basis point rate hike in the Fed funds rate to 0.75%-1%, but US equities bounced, including those making up the Nasdaq 100, after the minutes were released. Before the FOMC minutes were published, investors were getting increasingly concerned that higher rates may lead to a looming global recession as US inflation climbed to near 40-year highs and risk appetite for US equities diminished. Technology and growth stocks have been hit hardest by the prospect of higher rates, as the Fed and other major central banks around the world look to combat soaring inflation by tightening monetary policy. This year’s brutal downturn for high-growth tech stocks, seen by several analysts as overvalued at the market peak in late 2021, has led some to voice concerns about a tech-driven crash similar to that of the “tech bubble” bursting in 1999/2000. What do the charts say? From a technical perspective the Nasdaq 100 remains in a downtrend but is showing embryonic signs of at least forming a short-term interim bottom. Source: ProRealTime Provided that last week’s low at 11,490 on the Daily Financial Bet (DFB) continues to underpin on a daily chart closing basis, further upside looks to be in store for the Nasdaq 100 in the days and weeks to come. The April-to-May downtrend line at 12,295 is currently being targeted, following Tuesday’s bullish Hammer formation on the daily candlestick chart and the positive divergence which can be seen on the daily Relative Strength Index (RSI). This bullish reversal signal is given when a market makes a new low but an oscillator, in this case the daily RSI, makes a higher low, thus diverging from the price chart. Most of the time this technical reversal signal leads to at least a temporary trend reversal and sometimes even to major lows being formed. Whether this is the case for the Nasdaq 100 is too early to say but first signs of the index at least holding around current levels, are encouraging. What needs to be seen for a more significant and longer lasting bullish reversal to gain traction is a rise and daily chart close above the mid-May high and the breached February-to-early May support line, now - because of inverse polarity - resistance line, at 12,588 to 12,605. In this case a double bottom would be formed with the 55-day simple moving average (SMA) and early May high at 13,507 to 13,554 being targeted. The danger for the bulls is that the current minor bullish reversal will once more lose upside momentum and falter below or near the 12,588 to 12,605 resistance zone before making a new low for the year. Source: ProRealTime If last week’s low at 11,490 were to be slipped through, the 11,072 to 10,677 region would be targeted, roughly another 10% drop in the value of the Nasdaq from current levels. This support area consists of the July 2020 high, September and October 2020 lows as well as the 200-week SMA. Slightly further down lies the 61.8% Fibonacci retracement of the 2020-to-2022 pandemic bull market at 10,480. Only a fall through this level could trigger a ‘dotcom bubble’-like crash, taking the Nasdaq 100 back to its February 2020 pre-pandemic high at 9,752, over 40% below last year’s high. Axel Rudolph | Market Analyst, London 26 May 2022
  24. Hi @Garry7, Thank you for your post. You can to try logging into IG REST companion, which is a sample API (https://labs.ig.com/sample-apps/api-companion/index.html) If you still facing issues, provide us with the username and API key, a screenshot of your attempt on REST would be helpful too. Send all the details to webapisupport@ig.com. All the best - Arvin
  25. With one vote standing between Labor and an outright majority, Pilbara Minerals shares could soon be striking record highs. Source: Bloomberg Indices Shares Spodumene Pilbara Australia Pilbara Minerals Pilbara Minerals (ASX: PLS) shares shot up from 15 cents during the covid-19 pandemic-induced crash to a record $3.72 by mid-January earlier this year. Now down to $2.81, the ASX 200 lithium stock could see another price breakthrough soon. Pilbara Minerals share price: political impetus Dating to 3.6 billion years ago, the Pilbara region in Western Australia is home to the fossilised remains of Earth’s oldest lifeforms. And with a population of just 61,000 people, the vast space is one of the most sparsely populated on the planet. Named for the lithium-abundant region, Pilbara Minerals believes its 100%-owned Pilgangoora mine makes it the ‘leading ASX-listed pure-play lithium company,’ of the ‘the world’s largest, independent hard-rock lithium operation.’ With an $8.36 billion market cap, these aren’t just marketing words. And the ASX lithium stock could soon see this figure rising. On 1 May, then to be Prime Minister Anthony Albanese tweeted ‘Labor will invest $1 billion in developing value-added products from Australian resources. We'll take resources like lithium and nickel, and instead of shipping them to another country to make batteries, we’ll have what we need to make them right here.’ The Labor party campaigned to strengthen domestic renewable energy, promising to invest a matched $39.3 million in EV charging stations, exempting most EVs from import tariffs and fringe benefits tax, and doubling the Driving the Nation Fund. It’s specifically committed $1 billion of the $15 billion National Reconstruction Fund to develop value-added products from Australian resources. And with the party now just one seat from an outright majority, it’s also likely to see significant support from the Teal Independents, the Greens, and the public to push through rapid green legislation. Source: Bloomberg Mining good news But this isn’t the only good news for Pilbara Minerals’ share price. On 17 May, the ASX lithium stock announced it had been awarded a $20 million grant from the Australian government alongside partner Calix under the Modern Manufacturing Initiative. The funds are earmarked ‘for the progression of a demonstration scale chemicals facility at the Pilgangoora Project - with the aim of producing lithium salts for global distribution via an innovative midstream “value added” refining process.’ The project aims is to ‘deliver a superior “value-added” lithium raw material that outperforms across the key metrics of product cost, quality, carbon energy reduction and waste reduction/handling.’ And specifically mentioning ‘increased downstream “value-add” realisation within the Australian economy,’ Pilbara is almost exactly echoing the words of the country’s new PM. Pilbara and Calix aim to create the joint venture in Q3, with a final investment decision likely by early 2023. And with a new man in charge, further funding could be on the agenda. It also released a corporate presentation highlighting both the ongoing lithium price spike alongside its updated strategy to expand production at Pilgangoora to between 560,000 and 580,000 tonnes of spodumene concentrate starting next quarter. Then on 24 May, Pilbara announced the results of its fifth spodumene concentrate digital auction held via its Battery Metal Exchange (BMX). Its 5,000dmt cargo of 5.5% grade lithia received ‘strong interest’ from a ‘broad range of buyers,’ and Pilbara accepted the highest bid of USD$5,955/dmt. And as standard contract pricing is conducted on a 6% grade basis, PLS is being paid the equivalent of US6,586/dmt. For perspective, this is another record selling price for Pilbara Minerals. After setting up the BMX exchange to provide a clear price for battery grade-lithium concentrate, its first auction in July last year saw it sell a 10,000dmt cargo of identical 5.5% spodumene for US$1250/dmt. This means its spodumene has gained a 376% premium in less than a year, as the Chinese bidders that process 80% of the world’s battery-grade lithium desperately scour the globe for new sources. RBC Capital Markets analyst Kaan Peker notes that at this latest auction ‘the price equivalent is 35% above the current spot price in China and indicated that Chinese converters are willing to pay more for spodumene given the current lithium market conditions…prices in China/Seaborne can still move higher.’ With Albanese politically contracted to utilise Australian lithium to make more EV batteries domestically, the number of bidders for auction number six could be about to go up. And this can only be good news for Pilbara Minerals shareholders. Take your position on over 13,000 local and international shares via CFDs or share trading – all at your fingertips on our award-winning platform.* Learn more about share CFDs or shares trading with us, or open an account to get started today. Charles Archer | Financial Writer, London 27 May 2022
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