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ArvinIG

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Everything posted by ArvinIG

  1. EUR/USD Rising Wedge in focus, AUD/USD eyes support and USD/JPY facing 2015 high while GBP/USD back down to support. Source: Bloomberg Shares United States dollar AUD/USD USD/JPY EUR/USD GBP/USD EUR/USD – bearish The US dollar extended gains against the Euro this past week, reversing losses seen throughout March. EUR/USD also broke under a bearish Rising Wedge chart formation, opening the door to resuming the broader downtrend in the week ahead. Still, this requires taking out the March low at 1.0806, exposing the 1.0772 – 1.0793 support zone. The latter is composed of lows from April 2020. Shortly beyond that is the 2020 low at 1.0636. In the event of a turn higher, immediate resistance appears to be the 38.2% Fibonacci extension at 1.0922, with the 23.6% level beyond that at 1.1022. Down the road, the 50-day Simple Moving Average (SMA) may maintain the broader downside focus. Source: TradingView AUD/USD – bearish The US dollar also pushed higher against the Australian dollar this past week. This is as AUD/USD left behind a Bearish Engulfing candlestick formation. Since then, there has been downside follow-through, opening the door to extending losses. Still, prices recently pierced the 61.8% Fibonacci extension at 0.7458, as well as closing under the 20-day SMA, opening the door to further losses. This is now placing the focus on a rising trendline from the beginning of February. The latter could then reinstate the upside focus since the end of January. If not, that would expose the March 15th low at 0.7165. In the event the pair attempts to resume the uptrend since January, pushing above the 0.7532 – 0.7556 inflection zone exposes the 100% extension at 0.7639. Source: TradingView USD/JPY – bullish The US dollar extended gains against the Japanese yen this past week, with USD/JPY closing at its highest since August 2015. On Monday, the pair set a new 2022 high, stopping just under 2015 peak at 125.856. Closing above the latter brings levels from 2002 into focus. That is when the midpoint and 61.80% Fibonacci extension levels at 126.634 and 127.896 near, respectively. In the event of a turn lower, keep a close eye on the 20-day SMA, which could reinstate an upside focus. That may become a possibility if prices take out the former resistance zone (123.862 – 125.108). Beyond the latter is the late March low at 121.49. Confirming a breakout under the latter may shift the outlook increasingly bearish, placing the focus on the midpoint of the Fibonacci retracement at 119.758. Source: TradingView GBP/USD – bearish The US dollar extended gains against the British pound this past week, sending GBP/USD lower as it continued to fall in line with the broader downtrend since 2021. Still, prices were unable to clear the March low at 1.3001 on Monday, with prices leaving behind an indecisive Doji candlestick pattern. Positive RSI divergence does show that downside momentum is fading, which can precede a turn higher. Such an outcome could place the focus on the falling trendline from the end of February, which could reinstate the downside focus. Beyond that is the 1.3161 – 1.3195 inflection zone before the 50-day SMA kicks in. Resuming the downtrend exposes the 61.8% Fibonacci extension level at 1.2902 before the 78.6% level at 1.2794 kicks in. 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 Dubrovsky | Currency Analyst, DailyFX, San Francisco 12 April 2022
  2. HI @Kartika, I believe that CIMIC Group Ltd is undergoing a corporate action. Please check if you received an email from the corporate action team. You will need to reply directly to that email. "HOCHTIEF AUSTRALIA HOLDINGS LIMITED (HOCHTIEF) ANNOUNCES ITS INTENTION TO MAKE AN UNCONDITIONAL AND FINAL OFF MARKET TAKEOVER OFFER TO ACQUIRE EACH CIMIC SHARE HELD BY CIMIC SHAREHOLDERS FOR AUD 22 CASH PER SHARE." Thank you - Arvin
  3. Hi @Lazy7, Thanks for your post. If you wish to deposit funds by ACH you will need to add your bank account first, through My IG. I hope that it helps. All the best - Arvin
  4. Hi @ReadingTrader, Thank you for your post. Unfortunately, you can't close all your position in one click, That is mostly to avoid any fat finger error that would close all you position instead of one specific for example. You can close all your position on one market though: I hope that it helps. All the best - Arvin
  5. Hi @superdelete, Thank you for your post. It seems that IG requires your proof of address, tax country and tax number to unlock you account. Please reach out to helpdesk@ig.com.sg with these details/documents. Thank you - Arvin
  6. Hi @Limewire, I will ask for an update and timeframe. Thank you - Arvin
  7. Hi @glomaia, Thank you for your post. Your case is allocated and the team is working on it. I have left a note on the case to obtain an update. We will need to wait from that team to update you on your withdrawal. Meanwhile, feel free to reach out to them directly via email. Thank you - Arvin
  8. The world’s wealthiest person made headlines last week after spending $2.9 billion buying up 9.2% of Twitter, sending the social media company’s share price skyrocketing. Source: Bloomberg Shares Twitter Elon Musk U.S. Securities and Exchange Commission Freedom of speech Security Elon Musk's Twitter (NYSE: TWTR) shares purchase has made him by far the largest shareholder and came with a seat on the board. And with a personal fortune of $282 billion, it cost the billionaire relative chicken feed. But Twitter is a social media company, which is very different to his other concerns. Moreover, Musk has bought into its success rather than, as he previously suggested and would be more his style, starting his own platform. Twitter share price: Elon Musk’s 5 potential motivators 1) Free speech Musk is a vigorous advocate for free speech, guaranteed under the first amendment of the US Constitution. In March, he asked ‘Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?’ Moreover, he followed with ‘The consequences of this poll will be important. Please vote carefully.’ And Musk refused to block Russian news outlets through the Starlink satellite internet system that he provided to Ukraine, based on being a ‘free speech absolutist.’ Some have mused he would readmit Former US President Trump to the platform, but Twitter insists it has ‘no plans to reverse any policy decisions.’ 2) Securities and Exchange Commission The battle between Musk and the SEC has been raging for years. When he tweeted ‘funding approved’ to take Tesla private in 2018, the regulator insisted that a securities lawyer would pre-approve any tweets containing ‘material information’ about the EV company. Musk is suing to nullify, arguing ‘something is broken with SEC oversight.’ And having violated it several times already, he’s now being investigated for his November Twitter poll asking whether he should sell a 10% stake in Tesla. And he may even have broken securities law over his Twitter shares purchase. But interestingly, he’s also polled users on whether they would ‘like an edit button.’ With 73.6% in favour, it’s possible Musk is aiming for a compromise deal with the SEC that respects his constitutional right to publicise what he wants, with a lawyer approving tweets retrospectively. Source: Bloomberg 3) Promotional power Pre-covid-19 pandemic, Musk’s wealth sat at a meagre $26.6 billion. But it’s now risen tenfold, driven by the power of his personal brand. With 81.3 million Twitter followers, investors and consumers alike are constantly updated with snippets of progress at his various companies. This free marketing has allowed him to almost completely ignore traditional advertising for Tesla cars. And there’s no denying his ability to affect the markets, whether he’s tweeting about corporate progress or the latest canine-inspired alt-coin. With Tesla alone a trillion-dollar company, the $2.9 billion price tag for promotional power is cheap. It also buys security; like Trump, Musk’s incendiary tweets left him at risk of being de-platformed. This is because (currently) Twitter’s right as a private entity to de-platform supersedes an individual’s First Amendment right to freedom of speech. 4) Sound investment Twitter’s share price was $72 in mid-July 2021, before falling to $32 by 7 March. When Musk bought the stock on 4 April it was worth $39, before shooting up to $51 the next day. He has made a significant paper gain already. And in 2021 full-year results, annual revenue grew by 37% to $5.08 billion, while average monetizable Daily Active Users grew by 13% to 217 million. Twitter also announced a $4 billion share repurchase, while aiming for $7.5 billion revenue in 2023. However, it made another net loss of $221 million. And in Q4, total ad engagement decreased by 12% and cost per engagement rose 39% year-over-year. These may be figures that brand Musk could actively improve. He may already be starting, commenting on the inactivity of the top 10 most followed Twitter accounts by asking ‘Is Twitter dying?’ Moreover, Musk wants ‘no ads. The power of corporations to dictate policy is greatly enhanced if Twitter depends on advertising money to survive.’ 5) Personality quirk In May, Musk listed a string of achievements, before asking an audience ‘‘Did you also think I was going to be a chill, normal dude?’ Eccentricity and unpredictability are twin rooks on the chessboard. Maybe he was simply bored or enjoys the attention. Over the weekend, he polled users on whether the company should ‘Convert Twitter SF HQ to homeless shelter since no one shows up anyway,’ or ‘Delete the w in twitter?’ And perhaps to mock the SEC, he then posted a meme of character Saul Goodman, saying ‘in all fairness your honor, my client was in goblin mode.’ But one thing seems certain. Musk will not rest on his laurels as a passive investor. Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards 2021 Charles Archer | Financial Writer, London 11 April 2022
  9. Hi @rat, Thanks for your post. Could you please elaborate on what you would like to express? Do you need assistance on a payment matter? Thanks you - Arvin
  10. Hi @HarishM, That is right, you can find this information on the dealing ticket on the info tab: Sorry for the inconvenience. I hope that it helps - Arvin
  11. Chinese inflation and factory-gate prices to cross the wires today as PBOC move looms and AUD/USD is trading at its 20-day Simple Moving Average (SMA) after prices fell last week. Source: Bloomberg Forex United States dollar Australian dollar AUD/USD Consumer price index China Monday’s Asia-Pacific outlook The Australian dollar will be in focus to kick off the Asia-Pacific trading week as Chines CPI data approaches. AUD/USD hit a fresh 2022 high last week but subsequently surrendered those gains and turned lower as market sentiment deteriorated. Oil prices may face additional pressure as the lockdown in Shanghai moves into its third week. China’s consumer price index (CPI) for March is set to cross the wires at 01:30 GMT. Analysts expect to see a 1.2% year-over-year rise, according to a Bloomberg survey. That would be up from February’s 0.9% y/y figure. Factory gate prices, via the producer price index (PPI), are seen easing to 7.9% y/y. Today’s data comes amid growing expectations for a rate cut from the People’s Bank of China. That easing may come as soon as this week, even if CPI comes in hotter than expected. The Australian dollar would likely respond well to looser policy in China, given the economic link between the two countries. The US dollar and Federal Reserve interest rate expectations will likely remain a driving factor to broader market sentiment after a volatile week on Wall Street. The US dollar DXY Index rose to a fresh 2022 high before pulling back slightly into the weekend. Meanwhile, USD/JPY put in another strong performance on yen weakness due to the divergent policy outlooks between the Fed and the Bank of Japan. Oil traders will have US inventory data in focus after the Energy Information Administration (EIA) reported a surprise build in crude oil stocks. The lockdown in Shanghai is also tempering demand in Asia, while production around the world continues to slowly increase. This morning, New Zealand’s March electronic retail card spending crossed the wires at -0.5%, down from February’s 1.1% figure. The economic docket for the rest of today’s session is rather sparse, but traders are bracing for several high-impact events this week, including Australia’s March jobs report and the European Central Bank interest rate decision. US inflation data is also due out, with analysts seeing the March figure dropping at 8.5% on a y/y basis. That would be up sharply from the multi-decade high of 7.9% y/y reached in February. The US dollar may break above the 100 mark if prices come in hotter than expected. Australian dollar technical forecast AUD/USD is trading at its 20-day Simple Moving Average (SMA) after falling in last week’s trading. A rebound from the moving average would see potential resistance at the 23.6% Fibonacci retracement before taking aim at the recent high of 0.7661. A Bearish Engulfing candlestick formed at that high. A break below the 20-day SMA would see prices potentially fall all the way down to the 50-day SMA if bears could break the 61.8% Fib level. AUD/USD four-hour 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. Thomas Westwater | Analyst, DailyFX, New York City 11 April 2022
  12. Hi @MaximusFred, This error code is usually due to the fact that your account is locked due to password failure. Please reach out to the helpdesk to unlock your account. Thank you - Arvin
  13. Hi @Lakpa, Thank you for your post. On a Demo account you are using a Demo CFD account meaning that you are using leverage to get full exposure. On share dealing accounts orders are place directly on the market. Here are the options you have: I hope that it helps. All the best - Arvin
  14. Hi @HarishM, If you right click in the ‘marketwatch’ window and then select ‘show all", does it appear? Please be aware that due to licensing constraints IG we’re withdrawing all products, including binary options, on the India 50 on Friday, 1 July 2022. A restriction on opening trade was placed on Friday, 1 April 2022. Thank you - Arvin
  15. Hi @amilio, Once you sell shares you will need to wait for the funds to settle. You can find the settlement period on the dealing ticket in the info tab : When you place an order, the funds required to open this order are put aside in case the order is triggered to allow the deal to happen. If all your funds are settled and not used for an order, then they are available to be transferred. I hope that it helps. All the best - Arvin
  16. Hi @vitanova, It seems that your account application was denied as your answers do not meet the eligibility criteria. Please reach out to newaccountenquiries.uk@ig.com if you would like to discuss your answers and follow up on your application. All the best - Arvin
  17. Hi @youljan, Thank you for your post. Unfortunately, we do not offer share prices due to exchange regulations. If you are interested in Auto Trading you can look into ProRealTime which can use CFD shares. All the best - Arvin
  18. Hi @fluffyman, You can access our live chat on the IG web page: https://www.ig.com/uk/welcome-page The live chat option will appear after a short moment on the bottom right hand corner. Thank you - Arvin
  19. Hi @trader216, For IG to be able to investigate on your order and your stop you will need to reach out to helpdesk.uk@ig.com or use our live chat with your account details. Thank you - Arvin
  20. Hi @Phrilly, We do have a tool called Trade Analytics. You can find further information on the link below: https://www.ig.com/uk/trade-analytics-tool I Hope that it helps. All the best - Arvin
  21. Dear IG Community, As we are approaching the statements period. We would like to share some information on UK Consolidated Tax Certificates (CTC) statements. The aim of this post is to provide you with some key information on UK CTC statements release and hopefully clear out some questions you may have. 1) What is a CTC ? It is a document for UK fiscal resident clients and is used to show the dividends received in a tax year and the breakdown of the different types of instruments that have paid them (shares, ETFs, REITs) 2) Will I receive a CTC ? You will receive a CTC if you have received dividends during the tax year. If you haven’t received any dividends during the tax year you won’t receive a CTC. CTC's will not be generated for ISA or SIPP accounts. ISA and SIPP accounts are not tax reportable, so we don’t send out any tax documents for these accounts. For non-UK tax residents, an Income Summary can be provided on request 3) Where can find my CTC ? You will be able to view and download your CTC (in pdf format) by going to My IG > Live accounts > Statements > Annual 4) When will the CTC be available? Your CTC will ideally be ready around by end of July but it can be released later on. The reason why we can’t give a clear ETA is because there is delay between the end of financial year and when the statements are ready. This delay is due to the wait time for incomes to reach IG, for example US ETFs incomes tend to take longer before we receive the data. IG needs to receive incomes on our extensive list of international security types . The certificates are sent once all incomes has been received at IG and classified. 5) What will the statement contain? The format this year will be the same as previous year, a line by line and summarised description of domestic and overseas income received in GBP-equivalent. Please be aware that we do not provide any capital gains (sometimes called P&L) statements for share dealing accounts. We do not generate tax statement for spread betting accounts since spread betting does not attract capital gains tax or stamp duty in the UK You can find further information on the link here https://www.ig.com/uk/help-and-support/accounts-and-statements/statements/what-statements-will-i-receive For Australian clients: The process is similar. We will provide you with further information once the AUS office update us on the 2022 statements. If you need further information please comment below. All the best - Arvin
  22. Dear IG Community, Please find below the upcoming changes to our trading hours over the Easter period. UK: Australia: Feel free to reach out if you have any query and Happy Easter ! All the best - Arvin
  23. Australian dollar under pressure amid extended Shanghai lockdown that threatens growth and the RBA’s financial stability review in focus as traders look to carry overnight momentum. Source: Bloomberg Forex Shares Commodities AUD/USD Risk Investment Friday’s Asia-Pacific outlook Asia-Pacific markets are looking at a mixed open after concerns over central bank tightening subsided overnight. US stocks pushed higher, with the benchmark S&P 500 index rising 0.42% in New York, ending a two-day losing streak. Bond traders ditched Treasuries, more so along the long end of the maturity spectrum, which steepened key yield curves. The US Dollar Index (DXY) pushed higher into multi-year highs despite the risk taking. That dollar strength is working against the Australian Dollar this morning. The lockdown in Shanghai, China, which is in its second week, is also dampening sentiment across the APAC region. The extended shutdown, with no sight in end, has weighed on metal prices as factories sit idle in the country’s largest city. That hurts the Australian dollar, given the amount of trade Australia does with China. That said, yesterday’s weaker-than-expected trade balance appears to be providing another headwind to AUD/USD prices. Oil prices fell again for the WTI and Brent benchmarks. The extended Shanghai lockdown is likely starting to eat into growth prospects. That, along with a larger-than-expected inventory build in the United States, may see weakness continue in the short term. Meanwhile, the European Union continues to spare over the exact details of banning Russian coal, but the latest reports suggest policymakers favor pushing such a ban back to mid-August. This morning, South Korea’s current account balance for February crossed the wires at $6.42 billion, up sharply from $1.81 billion. Japan will follow this morning with its own account balance for the same period. Analysts expect that figure to come across at 1.4 trillion yen. Traders will also be digging into the Reserve Bank of Australia’s financial stability review due out at 01:30 GMT. The weekend may have traders opting not to hold risky assets, given the rapidly changing situation in Ukraine. AUD/USD technical forecast AUD/USD prices are more than 2% lower from the multi-year high of 0.7661, set earlier this week. The 23.6% Fibonacci retracement appears to be underpinning prices. A drop below that level would threaten the rising 20-day Simple Moving Average (SMA). Alternatively, a rebound would bring the 23.6% Fib into view and the 2022 high above that. AUD/USD daily chart Source: TradingView Follow Thomas Westwater on Twitter @FxWestwater 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. Thomas Westwater | Analyst, DailyFX, New York City 08 April 2022
  24. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th April 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 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.
  25. Hi @stuartz, We haven't heard of an issue removing indicators in AUS so far. When similar issues pop up feel free to take a screenshot and reach out to helpdesk.au@ig.com. Please try to delete your cookies and cache, it helps improving the performance of the web based platform. All the best - Arvin
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