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AUD/USD takes out the July 2020 low as the ongoing deterioration in risk appetite continues to drag on commodity bloc currencies. The move below 30 in the RSI is likely to be accompanied by a further decline in the exchange rate. Source: Bloomberg Forex United States dollar Australian dollar AUD/USD Exchange rate Central bank AUD/USD rate selloff pushes RSI back into oversold territory AUD/USD trades to a fresh yearly low (0.6834) with the US stock market on track to enter a bear market, and current market themes may push the exchange rate towards the June 2020 low (0.6648) as major central banks alter the course for monetary policy in an effort to tame inflation. Looking ahead, it seems as though the Federal Reserve will continue to move ahead of its Australian counterpart as Chairman Jerome Powell reveals that 'there is a broad sense on the Committee that additional 50 basis point increases should be on the table at the next couple of meeting,' and expectations for a further shift in Fed policy may keep the US dollar afloat as the Federal Open Market Committee (FOMC) plans to wind down its balance sheet starting in June. Meanwhile, the Reserve Bank of Australia (RBA) appears to be on a more gradual path in normalizing monetary policy as the 'Board does not plan to reinvest the proceeds of maturing government bonds' and it seems as though Governor Philip Lowe and Co. will allow its holding to naturally roll off its balance sheet as the central bank 'is not currently planning to sell the government bonds that the Bank purchased during the pandemic.' In turn, expectations for another 50bp Fed rate hike may keep AUD/USD under pressure ahead of the next RBA rate decision on June 7 amid the deterioration in risk appetite, and a further decline in the exchange rate may fuel the tilt in retail sentiment like the behavior seen during the previous year. Source: TradingView The IG Client Sentiment report shows 74.02% of traders are currently net-long AUD/USD, with the ratio of traders long to short standing at 2.85 to 1. The number of traders net-long is 8.09% higher than yesterday and 22.30% higher from last week, while the number of traders net-short is 7.50% higher than yesterday and 19.50% lower from last week. The crowding behavior has eased from earlier this week despite the rise in net-long interest as 75.68% of traders were net-long AUD/USD earlier this week, while the decline in net-short position comes as the exchange rate trades to a fresh yearly low (0.6834). With that said, AUD/USD may attempt to test the June 2020 low (0.6648) amid the weakness across commodity bloc currencies, and a move below 30 in the RSI is likely to be accompanied by a further decline in the exchange rate like the price action seen earlier this month. Source: TradingView David Song | Analyst, DailyFX, New York City 13 May 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 @patiscoming, On My IG, you can double check the balance on your account and transfer funds from one account to another if necessary. It is possible that some of your funds was put aside if you open an order, as the funds need to be available if the order is triggered to open the position. Have you managed to place your deal? Thank you - Arvin

Hi @Que, Thank you for your post, I believe that the AIZ rights ere not expected to trade. The right issue was also scaled back. If you received an email from the Corporate Action team, it would be best to ask them directly as they are the team that have all the relevant information on Corporate actions. All the best - Arvin

Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th 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 SX5E SAP GR 19/05/2022 Special Div 0.5 NDX JD US 19/05/2022 Special Div 1.24 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.

Rivian’s share price fell by 88% to $20 on Wednesday. But at $25 today, a slow recovery may be in the works. Source: Bloomberg Shares Rivian Amazon Ford Motor Company Pickup truck Vehicle Rivian's (NASDAQ: RIVN) Initial Public Offering became the US’s sixth-largest ever in November last year, launching at $78 a share just before the sustained market correction. Offering the first-to-market EV pickup truck, Rivian shares quickly rose to $172 within a few days, but then fell by 88% to $20 apiece yesterday. However, after Q1 earnings, Rivian’s share price has recovered to $25. Rivian share price: Q1 results Rivian’s results were a mixed affair. The EV challenger generated revenue of $95 billion, below the $130.5 billion Refinitiv average analyst estimate. And it made a net loss of $1.59 billion, or $1.43 per share, up from $414 million a year earlier. Rivian produced 2553 vehicles in the quarter, and delivered 1,227, up from 909 in Q4 2021. Its factory in Normal, Illinois, will eventually have an annual production capacity of 150,000 vehicles. Moreover, it now has 90,000 vehicle reservations, up from the 83,000 in its last update. And Rivian maintained 2022 production guidance, staying on track to build 25,000 vehicles at a recently raised average purchase price is at $93,000. However, it’s battling headwinds to fill these orders. To start with, the 25,000 annual production goal is half that of what was promised in its November IPO presentation. And the EV stock has lost ‘approximately a quarter’ of planned production since the end of March. Rivian warned ‘the supply chain constraints will continue to be the limiting factor of our production,’ though CEO RJ Scaringe sought to calm investors, saying ‘we’ve seen really the worst of it, or sort of the valley, if you will, of the supply constraints.’ The company highlighted the worsening semiconductor shortage as a key concern, as well as ‘increased logistics costs due to expedited freight associated with supply chain challenges.’ However, Rivian noted that its currently low volume production on lines designed for higher volumes means that it will ‘continue to experience negative gross profit,’ but that ‘it will improve on a per vehicle basis as production volumes ramp up.’ Source: Bloomberg Where next for Rivian shares? Rivian burnt through $1.4 billion in cash in the quarter, with a net cash position of $17 at the end of Q1, down from $8.4 billion in the prior quarter. Expecting to spend $7 billion in 2022 alone, some will be concerned that it will have to issue additional shares before it hits profitability. On the other hand, smaller rivals have weaker cash positions. And Rivian has confirmed it has enough financial firepower to launch its new low-cost model R2 and build its $5 billion second facility in Atlanta, Georgia by 2025, after receiving $1.5 billion in state and local incentives. Redburn analyst Charles Caldicott counts this as a ‘big plus’ for the EV stock, while Wedbush analyst Dan Ives concurred, noting ‘the investment in the Georgia facility to accelerate the R2 platform will also be a long term positive.’ And Rivian has hired the President of auto supplier Magna International’s contract-manufacturing unit, Frank Klein, as its COO effective 1 June. The expert could be its key to solving its supply chain and production issues, in combination with the development of its revolutionary single motor powertrain ‘Enduro.’ Moreover, Rivian retains the backing of key stakeholders, including market titan Amazon. It’s producing 100,000 electric vans for the e-commerce giant by 2024, with the first 10,000 to be delivered at the end of this year. And given Rivian’s share price weakness, CFRA Research analyst Garrett Nelson speculates that it could become an acquisition target for Amazon, ‘or a traditional automaker looking for a bolt-on EV acquisition.’ Amazon is already its second-largest shareholder with a 17.7% stake. However, its paper loss on this investment was a key reason for its own lacklustre Q1 results. Morgan Stanley analyst Adam Jonas noted prior to results that Rivian’s enterprise value (market cap minus net cash) was only ‘just above zero dollars.’ Despite the improvement yesterday, trillion-dollar Amazon could take an in-for-a-penny approach with little additional risk. However, after Rivian’s initial post-IPO lock-up period expired on Sunday, fellow shareholder Ford sold 8 million of its 102 million Rivian shares for $124 million at $26.80 per share. However, with a 10.5% stake remaining, Ford is still Rivian’s fourth-largest shareholder. And like Amazon, Ford’s poor Q1 results were directly due to a $5.4 billion paper loss on its Rivian investment. But Rivian’s mountain is increasingly stiff competition. Ford’s own F-150 Lightning EV pick-up truck is taking market share, while Volkswagen has announced plans to invest $106 million launching its Scout EV pickup truck in the US in 2026. But the race for the EV revolution is a marathon, not a sprint. With enough cash, in theory, to last until profitability, Rivian’s tortoise strategy could yet reap rewards. Charles Archer | Financial Writer, London 13 May 2022

The pound continues to lose ground against the US dollar as risk-off sentiment intensifies in the markets, with the latest GDP release from the UK adding further fuel to the fire. Forex Pound sterling GDP United States dollar United Kingdom Market trend The March GDP figure shows a month-on-month contraction in the economy, playing into the recession warning signs the BoE offered at last week’s meeting. (Video Transcript) GBP under pressure The latest data from the UK has done little to help aid the pound's pressure we've seen over the last few days. The latest economic readings show a contraction in the month-on-month growth rate in the month of March, with that first quarter GDP coming in at 0.8%, below those forecasts of 1%. Industrial production rose to 0.7% in March, that is better than those expectations of 0.5%, but the trade deficit has deepened to £11.55 billion. GBP/USD chart Let's take a look at a chart of the pound against the US dollar, because we've been tracking this trade over the last few weeks, definitely since we saw this drop below $1.30 here at the end of April. We know that Bank of England (BoE) meeting on Thursday really hurt the pound in the short-term, seeing those concerns about economic growth coming from the BoE, from Andrew Bailey there. The data that we've seen this morning has justified those concerns, showing that, yes, in fact, growth is stalling in the month of March, showing that recession in the monthly figure and expecting that recession to now deepen into the third quarter of the year. So, that's definitely pricing into the pound, that negativity, also that overall bearish sentiment that we have in the markets, flying to safety, heading into the US dollar and not helping the pair. The end in sight? Is there any end in sight in the short-term? Well, it doesn't look like it at the moment. The RSI is showing those bears in control and so are those moving averages, and the way we're seeing these technical patterns in the daily candlestick continue to show that sellers are coming in. We're struggling to find momentum bringing the pair up in the short-term. Yes, we saw it in yesterday's trade, we actually headed above the high that we saw on Tuesday, heading towards that high on Monday, quickly reversing to the downside and nicely painting a lower low sequence once again. That's probably what sellers are focusing on now, bringing that pair down in the short-term, heading towards this 76.4% Fibonacci here at $1.2080, which is likely to be hit in the next few days if we continue to see this bearish sentiment in the pound against the US dollar. Daniela Sabin Hathorn | Presenter and Analyst, London 13 May 2022

Hi @veerbajaj, The best way to get an answer would be to reach out directly to helpdesk.uk@ig.com or use our live chat feature on the IG website. All the best - Arvin

Gold gains as CPI data hints that inflation may have peaked; US producer price index (PPI) may sway bullion prices further and XAU climbs above January high, potentially fueling further gains. Source: Bloomberg Forex Shares Commodities Gold Consumer price index Inflation Gold prices staged a rebound overnight after inflation cooled slightly in the United States, according to the latest consumer price index (CPI) for April. The CPI crossed the wires at 8.3% on a year-over-year basis. That was higher than the 8.1% Bloomberg consensus estimate. However, it was slightly lower from March’s 8.5% y/y figure. The reaction in gold was likely due to the Treasury market’s behavior. Real yields – a major driver for bullion prices, fell following the CPI print. Lower real yields benefit gold because it is a non-interest-bearing asset, which lowers the opportunity cost of gold. The 10-year inflation-indexed rate fell 15-basis points overnight but remain in positive territory. The yellow metal may continue to gain if real yields drop further. Tonight will bring the US’s producer price index (PPI) data for April. Analysts see PPI cooling to 0.5% on a month-over-month basis, according to a Bloomberg survey. That would be down from 1.4%, representing a rather significant drawdown. That may help to calm inflationary fears, as factory-gate prices are sometimes seen as a leading indicator for downstream inflation. Gold may move higher if tonight’s data comes in below expectations. XAU/USD technical forecast Gold prices are moving above the January swing high through Asia-Pacific trading, a level that has previously provided support. Holding that level may ignite further bullish energy to drive prices higher. If so, the falling 20-day Simple Moving Average (SMA) may cap upside. Meanwhile, MACD and the RSI oscillators appear to be improving. XAU/USD daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 12 May 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 Nikkei 225, ASX 200 and Hang Seng Index are bracing for more volatility as another stronger-than-expected US inflation report bolstered hawkish Federal Reserve policy expectations. Source: Bloomberg Indices Shares ASX Nikkei 225 Hang Seng Index Inflation Wednesday’s Wall Street trading session recap Volatility on Wall Street continued to batter the major benchmark stock indices on Wednesday, placing the Nikkei 225, ASX 200 and Hang Seng at risk next. Looking at the chart below, the majority of S&P 500 sectors closed in the red. The top three worst-performing components were consumer discretionary, information technology and communication services, falling 3.57%, 3.3% and 1.51% respectively. The key culprit was another hotter-than-expected inflation report out of the United States. Headline CPI crossed the wires at 8.3% y/y in April, which was down from 8.5% in March. Still, this was much stronger than the 8.1% consensus. The core measurement, which strips out volatile food and energy prices, also surprised to the upside. It clocked in at 6.2% y/y versus 6.0% seen, down from 6.5% prior. This will continue to keep the Federal Reserve on its toes as it attempts to bring inflation down toward the longer-term average target of 2.0%. Moreover, the markets increased their expectations for a fourth 50-basis point hike this year. Meanwhile, the central bank is about to begin unwinding its balance sheet, further reducing liquidity conditions in financial markets. Thursday’s Asia-Pacific trading session Thursday’s Asia-Pacific trading session is looking to be fairly light on data. Australia will release consumer inflation expectations. This could keep traders glued on broader fundamental themes and focus on general market sentiment. As such, it could be another disappointing round for indices such as the Nikkei 225, ASX 200 and Hang Seng Index as investors around the world continue to face the reality of tightening credit conditions. Nikkei 225 technical analysis The Nikkei 225 confirmed a breakout under the 38.2% Fibonacci extension at 26103, exposing the midpoint at 25377 before the March low at 24505 comes into focus. Guiding the index lower seems to be a combination of a long-term falling trendline from September, and a near-term one from late March. These could reinstate the downside focus in the event of a turn higher. Nikkei 225 daily chart Source: TradingView ASX 200 technical analysis The ASX 200 has been struggling to hold a push under the 100% Fibonacci extension at 7007. Recently, prices left behind a Long-Legged Doji candlestick. This is a sign of indecision. Upside progress could signal further gains to come. Still, clearing lower exposes the wide 6747 – 6894 support zone before the March 2021 low nears. In the event of a turn higher, keep a close eye on the falling trendline from April. ASX 200 daily chart Source: TradingView Hang Seng technical analysis The Hang Seng Index is attempting to hold a push under the April low at 19625, with immediate support below as the midpoint of the Fibonacci extension at 18980. Below the latter sits the March low which is closely aligned with the 2016 bottom at 18037. In the event of a turn higher, the falling trendline from February could maintain a dominant downside focus. Hang Seng Futures daily chart Source: TradingView Daniel Dubrovsky | Currency Analyst, DailyFX, San Francisco 12 May 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.

S&P 500, Nasdaq 100 and Dow Jones sink after U.S. inflation data tops estimate and elevated price pressures in the economy may prompt the Fed to continue front-loading interest rate hikes in its coming monetary policy meetings. Source: Bloomberg Indices Shares Inflation Nasdaq-100 S&P 500 Dow Jones Industrial Average U.S. stocks suffered steep losses on Wednesday amid growing headwinds for the U.S. economy and increasingly lower risk-appetite on Wall Street. At the closing bell, the S&P 500 plunged 1.65% to 3,935, its weakest level since March 2021. The Dow Jones, for its part, fell 1.02% to 31,834, a new low for the year. Elsewhere, the Nasdaq 100 bore the brunt of the sell-off and plummeted 3.06% to 11,967 amid a major rout in the tech universe, with Apple, Microsoft and Amazon all plunging into free fall. Although equity futures were trading sharply higher in the pre-market session, the upbeat sentiment shifted and did a 180-degree turn after the U.S. consumer price index for April delivered another negative surprise. For context, annual CPI cooled down to 8.3% from 8.5% in March, but the result came in two-tenths of a percent above expectations, a sign that broader price pressures are not yet easing significantly. The core indicator also topped consensus forecasts, printing at 6.3% year-over-year, only a modest decline from the 6.5% advance recorded at the end of the first quarter. While the directional improvement in the headline and core gauge are welcome, Wednesday's data served as a firm reminder that the U.S. central bank has a long road ahead and a difficult path to restore price stability. Looking ahead, favourable base effects should help push year-over-year inflation numbers down, but with the underlying trend running well above desirable levels, the Fed is likely to retain a hawkish bias and continue to front-load interest rate hikes over the next couple of meetings to bring monetary policy to a neutral stance expeditiously. Overall, with inflation hovering at four-decade highs, it is possible we have not yet reached peak hawkishness in central bank policy outlook. Against this backdrop, US Treasury yields may push higher in the near term, fueling recession fears and weighing on investors’ mood. In this environment, risk appetite will remain weak, preventing a meaningful equity market recovery. In fact, we may continue to witness the recent ‘sell the rip phenomenon,’ where traders fade any rally for fear that stocks will struggle to maintain gains. NASDAQ 100 technical analysis After a significant drop on Wednesday, the Nasdaq 100 broke below a key support in the 12,210 and fell to a new 2022 low near 11,967. With the tech index in bear market and firmly biased to the downside, sellers could target the 11,600 level in the coming sessions. On further weakness, the next floor to consider appears around the 11,000-mark. On the flip side, if dip buyers return and manage to push the benchmark higher, initial resistance comes in at 12,210, followed by 12,645. If these hurdles are cleared, the focus shifts up to the 13,000 area. Source: TradingView IG Analyst 12 May 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 @alex9686, Please reach out to helpdesk.au@ig.com or reply to the email you sent to the corporate action team. Only that specific team will be able to assist you. Thank you - Arvin

Hi @JohnA, You will need to log into your MT4 platform , go to File then Open Data Folder. Once you locate the indicator folder. Once located copy and paste the indicator in that folder. I hope that it helps ! All the best - Arvin

IGTV’s Daniela Sabin Hathorn looks at a few trades around the New Zealand dollar (NZD/USD, GBP/NZD, and AUD/NZD) as the government will put an end to some of the world’s toughest COVID-19 travel restrictions on 31 July. Forex New Zealand dollar New Zealand Pound sterling NZD/USD GBP/NZD Daniela Sabin Hathorn | Presenter and Analyst, London | Publication date: Wednesday 11 May 2022 23:52 New Zealand to open borders New Zealand will fully reopen its borders on July 31st, as announce by Prime Minister, Jacinda Arden, on Wednesday. This brings the date forward by two months as the government’s timeline to lift all remaining COVID-19 restrictions takes place earlier than expected in hopes it will help revive economic activity. Whilst the country's efforts to reduce the spread of the pandemic has been praised worldwide, it has put a big toll on some of its industries, including tourism, agriculture, and hospitality. That being said, travellers will still need to go through pre-departure testing before arriving in New Zealand, which many believe will still be a barrier to entry for tourism. The reaction in the New Zealand dollar has been slightly limited so far but with so many market themes in play at present it may take a while for the re-opening trade to settle in. NZD/USD Focusing first on NZD/USD, the pair is up three-quarters of a percent since the close on Tuesday, the first day momentum has opened on the bullish side since last Wednesday. But considering the move last week was fully brought on by weakness in the USD side of the trade, today is the first daily candlestick to be holding in the green since the 20th of April. Its hard to tell how much of this move higher has been brought on by optimism in the NZD, especially considering the Dollar Index (DXY) is trending lower this morning, but its likely that some optimism has been priced into the kiwi, along with some dip-buying after a brutal month for the pair. A close above yesterday’s high at 0,6348 would be needed to consider this price reversal more sustainable. GBP/NZD For GBP/NZD the story has been a little different. The pair hasn’t moved in a clear direction as we’ve seen with NZD/USD, with both the NZD and GBP side of the trade showing weakness in recent weeks. The kiwi is strongly linked to commodity prices which has meant a rather volatile environment for the currency for the last two months, but the lack of a decisive move in the pound, like we’ve seen with USD, has meant GBP/NZD has trended upward since the April 5th lows, but the move hasn’t been homogeneous. The daily chart shows the pair has seen some strong daily rallies in three occasions since then, but the initial bullish strength lacked momentum in its continuation, leaving it exposed to correction in both the moves higher so far. Monday’s bullish run failed to reach the ascending trendline resistance the other two daily rallies faced, which means there was already a lack of conviction from buyers to continue propping up its price.

A brief examination of ASX lithium stocks, their advantages and drawbacks, and a rundown of the 10 best lithium stocks to watch in Australia this year. Source: Bloomberg Indices Shares Mining Electric battery ASX Metal ASX lithium stocks: what you need to know Lithium is a silvery-white alkali metal, with special properties that make it extremely useful in the production of lithium-ion batteries that act as the power source for Electric Vehicles. Because lithium is both the least dense metal and least dense solid element, it is highly unlikely to be replaced in modern EVs by alternatives such as nickel. While nickel has been used in the past, it has 40% lower energy density, meaning more of the metal is required to create an EV battery. However, lithium’s chemical disadvantage is its inherent instability. Lithium is highly reactive and must be stored in an inert atmosphere or vacuum such as oil. This makes it expensive to produce, transport, and store. As the Electric Vehicle revolution gathers pace, by dint of the increasingly scarce and costly oil, or because of environmental concerns, lithium mining is likely to become ever more profitable in the long term. Of course, it does come with significant environmental concerns of its own, which the industry is taking steps to address. Top 10 best ASX lithium stocks to watch in 2022 1) Pilbara Minerals (ASX: PLS) PLS is ‘ready for the global energy transformation,’ and well-positioned to be a low-cost, long-term sustainable lithium producer. It describes itself as the ‘leading ASX-listed pure-play lithium company, owning 100% of the world’s largest, independent hard-rock lithium operation.’ Its Pilgangoora mine in the Pilbara region produces both spodumene and tantalite concentrate, and it counts Ganfeng Lithium and General lithium as partners. Its long-term strategy is to become an ‘integrated lithium raw materials and chemicals supplier in the years to come,’ in an attempt to be a major player in the lithium supply chain, underpinned by increasing demand for clean energy technologies. 2) Sayona Mining (ASX: SYA) SYA is an emerging lithium producer with projects in Quebec, Canada and Western Australia. It’s in a strategic partnership with Piedmont Lithium in Quebec, having acquired North American Lithium. And it plans to integrate nearby Authier and Tansim projects, as well as its 60% ownership of the Moblan project, to create a world-scale hub. The miner is ‘committed to downstream processing in Quebec to supply the fast-growing North American battery and EV market.’ And it also holds a large tenement portfolio in Western Australia for gold and lithium. 3) Core Lithium (ASX: CXO) CXO is developing one of Australia’s most capital-efficient spodumene lithium projects, the Finniss Project in the Northern Territory. The prospector’s definitive feasibility study concluded that the mine has 173,000tpa of lithium concentrate, with a 10-year mine life. Managing Director Stephen Biggins ‘prime directive is to deliver first production of high-quality lithium concentrate from the Finniss Project this year in the midst of a very high lithium price and high operating margin environment.’ A key advantage is that the mine has ‘arguably the best supporting infrastructure and logistics chain to Asia of any Australian lithium project.’ It’s only 88km from Darwin Port, the closest port to Asia. 4) Piedmont Lithium (ASX: PLL) PLL aims to ‘develop a world-class integrated lithium business in the United States.’ It owns interests in the Carolina Tin Spodumene Belt in North Carolina, ‘the cradle of the lithium industry.’ The miner could become one of the lowest-cost producers of lithium hydroxide and is strategically placed to insert itself into the US electric vehicle supply chain. Alongside its partner Sayona, it’s also developing interests in Quebec. 5) Ioneer (ASX: INR) INR is expected to be the first new lithium chemical producer in the US in over 60 years. The miner owns a 100% interest in the Rhyolite Ridge Lithium-Boron project in Nevada, the only known lithium-boron deposit in North America, and one of two in the world. In its 2020 feasibility study, it confirmed the site as a world-class project with a globally significant deposit that could set it up as a major lithium supplier for decades. It’s signed a deal to supply NexTech batteries from the mine and has been invited by the US Department of Energy to begin due diligence for a key loan programme. Source: Bloomberg 6) AVZ Minerals (ASX: AVZ) AVZ is entirely focused on developing its Manono project in the Democratic Republic of the Congo, potentially one of the world’s largest lithium-rich LCT pegmatite deposits. The miner’s objective is to leverage its DRC, financial and project development expertise to advance its 75% ownership of the project up the value curve. However, it’s facing a legal battle. Chinese Zijin Mining, the country’s largest gold miner, is claiming a 15% share of the project, which AVZ has called ‘spurious and immaterial.’ This issue could take some time to resolve. 7) Mineral Resources (ASX: MIN) MIN operates a growing world-class portfolio of operations across multiple commodities but its core activities are iron ore and lithium mining throughout Western Australia and the Northern Territory. Key sites include Wodgina Lithium, which as the largest hard-rock lithium deposit in the world is expected to have a 30-year mine life. It operates the project in partnership with US giant Albemarle, and despite a production pause, is set to resume mining in Q3. It also owns 50% of the Mount Marion lithium project in partnership with Ganfeng Lithium. Its diversification into iron ore and partnerships with global players makes MIN a safer choice for risk-averse investors. 😎 Liontown Resources (ASX: LTR) LTR aims to ‘find, develop and supply battery minerals required by the rapidly growing Electric Vehicle and Energy Storage industries.’ It controls two lithium deposits in Western Australia and is expanding its portfolio through additional exploration, partnerships, and acquisitions. Its cornerstone is the Kathleen Valley project, one of the world’s largest and highest-grade hard rock lithium deposits. The project is expected to supply 500,000 tonnes of 6% lithium oxide concentrate per year when production starts in 2024, with a mine life of 23 years. Its second project, Buldania, has over 15 million tonnes of 1% lithium oxide. 9) Allkem (ASX: AKE) AKE was formed from the merger of two lithium giants, Orocobre and Galaxy Resources last year. It now controls a global portfolio of diverse, high-quality lithium chemicals. Headquartered in Buenos Aires, it operates lithium projects across Argentina, Australia and Japan, with development underway to meet significant expected market growth. The company has partnerships with Toyota, the Jujuy provincial government and Prime Planet Energy & Solutions. And it plans to expand production 3-fold by 2026, mining 10% of the world’s lithium over the next decade. 10) Lake Resources (ASX: LKE) LKE is a lithium developer which uses proprietary clean extraction technology to create high-purity battery quality lithium carbonate. Its tech partner, Lilac Solutions has designed a ‘benign water treatment’ which returns all water (brine) to the source without changing its chemistry, making it far more environmentally friendly than conventional brine evaporation or hard rock mining. Lilac is backed by the Bill Gates-led Breakthrough Energy Fund. LKE’s flagship Kachi project together with three other lithium brine projects in Argentina covers 2,200 square km in a prime location in the lithium triangle, where 40% of the world’s lithium is produced at the lowest cost. How to trade or invest in ASX lithium stocks 1. Learn more about ASX lithium stocks 2. Find out how to trade or invest in ASX lithium stocks 3. Open an account 4. Place your trade You can open a position on ASX lithium stocks either through share trading or derivatives trading. Share trading means that you take direct ownership of the stock. By comparison, derivatives trading – such as CFD trading – allows you to speculate on the price movement of a company’s shares without actually taking ownership of them. For a complete breakdown of the benefits and drawbacks of each strategy, please click here. Source: Bloomberg ASX lithium stocks: further important information The best current alternative to lithium is nickel-based batteries. But lithium batteries charge quicker, and have no memory issues, meaning their maximum charging capacity isn’t affected by each charging cycle. And nickel batteries run hotter quicker, so usually require a cooling system. On the other hand, lithium’s instability makes it around 50% more expensive to manufacture lithium batteries, which impacts the cost of an EV. Lithium batteries also usually have a shorter shelf life than nickel batteries before needing replacing. And because nickel is used more widely, the metal can already be recycled profitably. But fundamentally, lithium is likely to be the metal that will power the EV revolution, unless there is a giant technological leap forward. And to understand the potential the EV revolution has, market leader Tesla’s market cap, while volatile, usually hovers around $1 trillion, comparable to the cum of every other auto manufacturer in the world combined. And it produced less than one million vehicles in 2021, while the OICA estimates 57 million passenger cars were produced in total. In Tesla’s Q1 earnings call, CEO Elon Musk argued ‘do you like minting money? Well, the lithium business is for you.’ Despite Tesla’s record quarterly profits, the global shortage is pushing lithium prices beyond record levels, threatening to arrest its so far rapid growth. The metal has risen in price from $12,000/tonne in 2017 to $78,000/tonne over the past five years. Musk has even speculated about setting up his own lithium mining company to maintain supply. According to the IEA, the number of EVs produced more than doubled in 2021 to 6.6 million. And analysts expect lithium demand to increase tenfold by 2030, as legislation prohibiting the manufacture or sale of ICE cars in the future is being passed across vast swathes of the world, including in the EU, UK, USA, and even China. Currently, China controls 80% of battery cell production and maintains a market-leading position in lithium refining. The war in Ukraine, combined with the Shanghai pandemic lockdown has forced companies worldwide to examine the strength of supply chains and perhaps pay more for higher security of supply. Already, US President Biden has invoked emergency Presidential powers under the Cold-War era 1950 Defense Production Act. He aims to increase production of key metals including lithium, ‘to reduce our reliance on China and other countries for the minerals and materials that will power our clean energy future.’ Another lithium concern is that it is relatively abundant worldwide. However, supply is restricted for two reasons. The first is that it needs to lithium needs to be concentrated enough to be worth mining and exploratory projects are often expensive with a high failure rate. The second is that lithium is difficult and time-consuming to mine, with new mines taking up to ten years to begin extraction. While corporations worldwide are trying to set up their own mining and processing operations. the demand for lithium is likely to eclipse the supply ramp-up. The International Energy Agency (IEA) estimates that demand for lithium will rise by 900% by 2030, and by 4,000% by 2040. Indeed, Rivian CEO R.J. Scaringe believes that ‘all the world’s cell production combined represents well under 10% of what we will need in 10 years…90% to 95% of the supply chain does not exist.’ Of course, lithium prices are as volatile as the metal itself. For example, a recent influencing factor is China’s ‘zero-covid’ strategy which is seeing lithium processing halt in some areas of the country, while EV manufacturers like Tesla have been forced to suspend factory production. Finally, there are multiple ways to invest in ASX lithium stocks. It’s worth noting that lithium is mined from three types of deposits: brine, pegmatite lithium and sedimentary, with Australia accounting for most of the sedimentary lithium worldwide. Many lithium investors prefer to invest across all three types. More widely, many investors choose to buy shares in a diversified miner like Rio Tinto to gain exposure to lithium while limiting overall risk. Of course, this cuts both ways, with diversified miners unlikely to feel the full benefit of any future price rise. And most of the stocks on this ‘top 10’ list are large-cap miners, with the potential for share price hikes in the long term with rights to exclusive projects. But small-cap lithium stocks can be more lucrative, despite carrying more risk. And long term, pure-play ASX lithium stocks are exciting prospects for the adventurous investor. Charles Archer | Financial Writer, London 11 May 2022

Tesla’s share price has slid below the two-year long trend line, a dangerous alarm for long-buyers. WTI oil and Bitcoin prices are moving towards new lows. Source: Bloomberg Forex Shares Commodities Tesla, Inc. Bitcoin Cryptocurrency Global investors continued to hit the sell button this week across equity and currency markets as trepidation grew that neither a recession in the US nor a devastating break in China’s economic growth was avoidable. The ASX has been on the back foot for six consecutive weeks and now comes to the lowest level in more than three months. The currency and commodity markets were also surrounded by fear. Oil prices retreated near the $100 threshold as the demand outlook was darkened by China’s months-long lockdown. The panic escape from the risk asset has caused a freefall in the crypto community as the biggest cryptocurrency, Bitcoin, plunged 20% in five days. TESLA Earlier this week, Tesla’s factory in Shanghai was reported to haved encountered production issues as China locked down the 25 million strong city in a controversial attempt to eliminate Covid-19. Although Elon Musk’s company denied an outright shutdown, Tesla stock still fell 9.1% on the narrative. More than 15% of U.S. companies with operations in Shanghai reported their businesses remained fully shut as production capabilities were sharply reduced due to a lack of employees and supplies. The other factor that triggered the selloff stems from concern that its founder and CEO Elon Musk would offload more stock to help fund the takeover of Twitter. Two weeks ago, Musk sold $8.5bn worth of shares in Tesla after reaching a deal to buy Twitter with $21 billion of his own money. As such, the share price of Tesla has slid below the long-term trend line in the weekly chart, a dangerous alarm for the long-buyers. Below this level, it’s a fair prediction the price will meet the 100-MA if the momentum persists. On the other side, only a bounce above $855 and the descending trendline can restore the buyer’s confidence in the EV master’s stock. Source: IG Source: IG WTI WTI crude oil prices are set to move further down as the cloudy demand outlook is driven by China’s lockdown, even though the supply issues persist as the EU plans to ban Russian oil completely. From a macro perspective, Central banks are making aggressive shifts to combat rising prices with the elevated risk of kicking the economy into recession, which would further work to worsen the appetite for energy commodities. Meanwhile, Saudi Arabia’s state-run Saudi Aram confirmed this week that it would reduce oil prices for June, a clear signal that the major OPEC producer sees demand trailing off, given the uncertainty around the global economic outlook. The price of WTI oil is retesting on the long-term support line with-100 days MA. A sustained move over this level will indicate the presence of buyers while on the flip side, massive selling pressure will resurface to see the price pullback $95.3—a level that would erase all the gains for the past two months. Only a move above $103 could be viewed as a sustainable bull-biased sign for the buyers looking for the upside. Source: IG Bitcoin The risk-sensitive Bitcoin prices have dropped over 20% since last Friday and look likely to break through 30k in the upcoming days. Most crypto prices have suffered turbulence lately, mainly triggered by the risk-off momentums that the capital is chasing a haven for the forthcoming tough time. On the bright side, Australians will welcome the delayed cryptocurrency ETF funds on Thursday, 12 May. Looking ahead, Bitcoin prices look likely to go through significant volatility in the coming months as uncertainty surrounding the global central bank’s rapidly changing rate. From a technical point of view, the push below the January low, and the 30k threshold represents that a major downward risk is ahead. The next level to be eyed for potential support will be down to 24k if such an event occurs. On the slip side, the price will face pressure at 35621 if the most-popular coin seeks a leg up. Source: IG Hebe Chen | Market Analyst, Australia 11 May 2022 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.

Hi @Greenhorn, The maximum contract you can open on a specific market with a Guaranteed stop will depend on liquidity and volatility. Due do risk management, IG can't offer an unlimited amount of contracts with a guaranteed stop. Therefore that limit is not fixed and depends on the market status. I hope that it helps - Arvin

APAC market rebound may be on the table after US session; Chinese CPI data may influence dollar-yuan exchange rate and USD/CNH technical setup may indicate upside exhaustion. Source: Bloomberg Forex Commodities China USD/CNH United States Inflation Thomas Westwater | Analyst, DailyFX, New York City | Publication date: Wednesday 11 May 2022 13:12 Wednesday’s Asia-Pacific outlook Asia-Pacific markets may rebound today after selling eased overnight in US markets. The high-beta Nasdaq 100 Index (NDX) gained 1.30% although the Dow Jones Industrial Average shed 0.26%. Meanwhile, commodity prices slipped across most metals and energy products ahead of tonight’s US inflation data. The high-flying US dollar may receive a boost if the print exceeds analysts’ expectations. The Greenback is at multi-year highs versus several major peer currencies, the Chinese yuan included. Despite the pullback in crude oil prices, which dropped more than 3% overnight, gasoline prices at the pump have hit a record high in the US. That is partly due to refiner capacity being offloaded more to other products such as diesel. The lack of exports from Russia has placed a higher demand on those heavier fuels at a time when some refinery capacity is offline due to scheduled maintenance. That may help to keep prices elevated downstream in the economy as shipping costs rise due to those fuel costs. The Australian dollar and New Zealand dollar remain depressed amid the pullback in commodity prices. Iron ore prices are trading near their lowest levels since January, while copper prices are setting fresh 2022 lows. Gold prices fell to the lowest since early February as real yields climbed. The US CPI data due out tonight may influence those metal-sensitive yields, although a rebound for the yellow metal looks unlikely in the short term, given ongoing chatter around a potential 75-basis point Fed rate hike. Today, APAC traders will have their sights on Chinese inflation data. China’s consumer price index (CPI) for April is expected to cross the wires at 1.8% on a year-over-year basis, according to a Bloomberg survey. Last week, Chinese officials doubled down on the country’s aggressive “Covid-Zero” strategy even as public dissent grows and at the risk of inflicting economic damage to the point of a possible recession. Still, a weaker-than-expected print would make it easier to enact further monetary and fiscal support measures in the economy. That may not be enough to combat the damage done from lockdowns, however. USD/CNH technical forecast USD/CNH is lower this week, but the pair remains near its highest levels since early 2020. The Relative Strength Index (RSI) is beginning to show possible warning signs after briefly dipping back into neutral territory below 70 last week. The MACD oscillator’s strength also appears to be receding. Those together may signal that the bullish energy in the pair could be exhausted. USD/CNH daily chart 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.

Hi @ADZCAP, I have forwarded the above feedback to the relevant department. It will be reviewed and implemented if possible. It is possible that it takes some time as the development may be working on high priority projects. All the best - Arvin

Hi @WoWoNoob, You can change your Moving average settings by clicking on the bottom left had side of the chart on MA: The MA will use all the data displayed on the chart. On normal stock you won't have the Pre and Post market displaying, but on All sessions market you will have the Pre and Post market data integrated as they are displaying on the charts. I hope that it helps - Arvin

Hi @FINANCIALGAINZ, Thank you for your post. IG offers a free access to the IG Academy. There is a course on options. Once you are logged into your account select Academy at the top right hand corner: Here's the content of that course: I hope that it helps ! All the best - Arvin

Hi @NaveedX, Thank you for your post. Your request has been submitted. All the best - Arvin

Oil prices continue to fall as economic woes pressure narrative; Saudi Arabia’s state-owned Aramco slashes its June prices and WTI crude prices break below key support above the key 100 level. Source: Bloomberg Shares Commodities Price of oil Saudi Arabia Hungary COVID-19 pandemic WTI crude oil prices look set to drop further in Asia-Pacific trading following a big overnight plunge. A report from Bloomberg suggesting that the European Union is softening its stance on a proposed ban on Russian oil appeared to drive most of the selling. Objections from Hungary were the main factor holding the bloc back from banning Russian oil outright. Viktor Orban, Hungary’s Prime Minister, has cited security concerns over the ban, which has been in the works for weeks after Germany capitulated its stance last month. Hungary remains highly reliant on Russian energy products. The EU offered Hungary and Slovakia an exemption previously, but Mr. Orban has stated that his country would need a five-year exemption along with funds to transform Hungary’s infrastructure. The oil market will likely await further news on the next sanction package after the setback. Meanwhile, broader economic concerns between surging inflation and China’s economic slowdown amid its Covid lockdowns are underpinning worries over the state of the global economy. Central banks are making aggressive shifts to combat prices, aiming to fight high expectations from becoming anchored in the economy, which would only work to further inflame high inflation. Shanghai officials expanded curbs across the city this week even as case numbers drop. Saudi Arabia’s state-run Saudi Aramco announced it would reduce oil prices for June. The move will bring the premium paid by Asian buyers from over $9 per barrel to $4.40 per barrel. The premium paid for most buyers across Europe would also be reduced next month. The move signals that the major OPEC producer sees demand trailing off, likely induced by the bout of lockdowns across China due to Covid outbreaks. A larger pullback is unlikely given the uncertainty around China’s Covid situation as well as the ongoing conflict in Ukraine. WTI crude oil technical forecast Prices pushed below a major trendline and the 50-day Simple Moving Average (SMA), representing a break below confluent support that has helped underpin oil since December 2021. The 100 psychological level is now eyed as the most immediate area for potential support. A drop below that would bring the 100-day SMA into focus, currently at the 95 mark. WTI crude oil daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 10 May 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 dollar’s run higher is pausing for now, but the overall bearish outlook for EUR/USD, GBP/USD and AUD/USD remains firmly in place. Forex Commodities United States dollar Euro Australian dollar EUR/USD EUR/USD moves sideways Consolidation appears to be the order of things here with EUR/USD, as the price looks to recover some of the ground lost in recent weeks. The sideways movement allows the price to work off some of its ‘oversold’ condition that has resulted from the sharp declines of recent months, and also allows the moving averages to play catch-up. Overall the scene appears set for a short-term recovery, although that will depend mostly on the US dollar, which is being supported both by safe-haven moves as market volatility surges and by the expectation that some Federal Reserve (Fed) speakers will begin fresh calls for 75 basis points (bps) rate hikes to fight inflation. Gains from here target $1.0637, and then towards $1.08 and the 50-day simple moving average (SMA). A move below the 2017 low at $1.034 would be a major development that would see the pair head to a 20-year low. Source: ProRealTime GBP/USD edges off Monday’s lows Monday saw a fresh two-year low for GBP/USD, but signs of stabilisation overnight have given some hope that a short-term rebound could be in play. The outlook for the UK economy remains grim however. A recession seems to be a definite possibility, as UK consumers remain squeezed by high inflation and by rate rises that have boosted borrowing costs. This has put the Bank of England's (BoE’s) hiking policy into question, at least in the medium term. A short bounce might see the price recover $1.25 or even head back towards $1.27, but the downtrend would remain firmly intact. Further losses below $1.225 would see the price head towards $1.208. Source: ProRealTime AUD/USD slips below $0.7 Weakness in commodity prices and the general risk-off environment has meant that AUD/USD has fallen sharply in recent days, falling below $0.7 for the first time since January. Despite the Reserve Bank of Australia's (RBA’s) move to a hiking posture, the US dollar retains its pre-eminence, and while the debate over 50 vs 75 bps rate hikes appears to be over for now, it will likely reignite if this week’s and future consumer price index (CPI) figures remain strong. Additional declines target $0.6828, and then on to $0.6671, while a recovery above $0.7 might suggest a short-term low is in place. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London 10 May 2022

Hi @Scar, Does that happen when you are on your workspace with charts or on My IG ? Have you tried to delete your cookies and empty your cache? Thank you - Arvin

Hi @Erickfotieno1, I have edited your post as it is unsafe to publish personal information on a public page. If you need assistance with your application please reach out to sales.en@ig.com, only this team will be able to give you an update on your application and verify your documents. All the best - Arvin