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ArvinIG

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Everything posted by ArvinIG

  1. Hi @oscarchu1117, It seems that the document you sent over were transferred to the relevant department to be reviewed. Once reviewed they will be able to unlock your account. Thank you - Arvin
  2. Hi @HarishM, The time zone is synchronised with your account location. A UK client will have UK time, AUS clients AEDT and so on. Therefore you won't be able to change the time zone. I will forward your feedback to the relevant department. All the best - Arvin
  3. Hi @mariiiam, Thank you for your post, we will follow up on your query to get you the answers you are after. Thank you - Arvin
  4. Hi @nick123, We are sorry to hear that you had difficulties reaching our helpdesk. If the phone wait is quite long you can use our Live chat feature on the IG website, which is usually quicker to reach. Please let us know what is your query we will assist you here the best we can. Thank you - Arvin
  5. Tesla’s share price entered 2022 at $1,200, before falling to $744 by 14 March. Having recovered to $1,068 today, the trillion-dollar trailblazer releases Q1 results on 20 April. Source: Bloomberg Shares Tesla, Inc. Twitter Price Supply chain COVID-19 pandemic Tesla's (NASDAQ: TSLA) share price was boosted earlier this week by its Saturday press release. The world’s largest EV manufacturer confirmed it had delivered 310,048 vehicles, 68% more than the 184,800 it delivered in Q1 2021. CEO Elon Musk tweeted ‘this was an exceptionally difficult quarter due to supply chain interruptions and China zero Covid policy…outstanding work by Tesla team and key suppliers saved the day.’ Tesla shares closed on Monday at $1,146 but have since fallen back as investors digested the news. Despite another quarterly record, it still delivered 7,000 fewer cars than previously forecast. In January, the CEO said he expected sales to grow by 50% in 2022, after generating a record £4.2 billion profit in 2021. And with Brent Crude remaining at a multi-year high, the steep up-front cost of EVs now compares more favourably to the rising prices of petrol and gas. Moreover, Tesla is planning another stock split later this year, which historically has seen its share price rise. So with deliveries confirmed, investors are likely to concentrate on some of the finer detail. Tesla share price: upcoming Q1 results 1) Supply chain squeeze Global supply chains have felt the strain since the covid-19 pandemic began. However, Tesla is now facing further constraints on two fronts. The Russia-Ukraine war is seeing a squeeze on EV-critical metals including Palladium, Nickel, and Platinum, which are now trading at near-record highs. Tesla raised its US prices twice in one week last month in response. Musk has previously warned that ‘in 2022, supply chain will continue to be the fundamental limiter of output across all factories. So, the chip shortage, while better than last year, is still an issue.’ Simultaneously, China’s ‘zero-covid’ policy has tens of millions of citizens in lockdown, including the entire population of Shanghai. The city is both the busiest port in the world and a global semiconductor hub. Tesla’s Shanghai ‘Giga factory’ has surpassed its flagship Fremont facility in production capacity, and finished 2021 with an annualized production rate of 800,000 cars. And it’s expected to eventually ramp up production to 1,000,000 cars a year. But with no end to lockdown in sight, and the plant closed for now, Q2 production figures could be in jeopardy. 2) Berlin and Austin ‘Giga factories’ After much delay, Tesla’s Berlin ‘Giga factory’ finally opened last month. Wedbush analyst Dan Ives argues a ‘major overhang’ has been removed from the EV maker, saying he ‘cannot stress the production importance of Giga Berlin to the overall success of Tesla’s footprint in Europe and globally.’ The factory will eventually ramp up production to 500,000 cars per year. Meanwhile, Musk is inviting 15,000 people to the opening of another ‘Giga factory’ in Austin, Texas, which he claims is ‘gearing up to be the biggest party on Earth.’ The factory will also ultimately produce 500,000 cars annually. However, Steve Box, founder of Environmental Stewardship, is concerned that the ‘managed depletion’ of water resources in the State could put a huge strain on both the local environment and Tesla’s logistics in the years to come. Further details on either of these new factories, particularly on their potential impact on production numbers for r2022 could have a strong effect on the Tesla share price trajectory. 3) Regulatory issues No stranger to controversy, Musk has often found himself in hot water with the US Securities and Exchange Commission (SEC). Many of his battles with the SEC have revolved around his use of Twitter. After tweeting ‘funding approved’ to take Tesla private in 2018, he was forced to agree that some of his tweets would be pre-approved by a lawyer before being published. Musk is currently attempting to nullify this deal. But he’s also under investigation for his November Twitter poll asking whether he should sell 10% of his stake in Tesla. And now, Reuters reports he may have broken US securities law over his share purchase of 9.2% of Twitter. With a board seat, and as the largest shareholder, some investors are concerned that Twitter will distract him from running his EV company. While it’s unlikely that these regulatory issues will feature in official releases, Musk has previously veered off-topic on earnings calls. Any comments, good or bad, could be reflected in the Tesla share price. 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 07 April 2022
  6. Hi @HarishM, In your case it's showing up as GBP because your contracts are in GBP : If you use open USD contracts you will have your P/L for each positions on USD. Unfortunately we can't change the P/L per position to USD. I hope that it helps. All the best - Arvin
  7. Hi @kabuki, The overnight funding is not linked to your account balance. When placing a spread bet or CFD, you’re using leverage. This means you are effectively being lent the money required to open your position, outside the initial deposit you’ve paid. To keep your position open after 10pm (UK time), 4.50pm Sydney time for AUD-denominated products (indices and shares), an interest adjustment will be made to your account to reflect the cost of funding your position overnight. You don’t need to pay overnight funding for futures or forwards because we build that cost into the spread. You can find further information here. I hope that it helps. All the best - Arvin
  8. While volatility on Wall Street has dropped, there is still plenty of movement in the global markets. Source: Bloomberg Shares Twitter Elon Musk S&P 500 Ukraine United States Volatility settles, yet there’s still plenty of movement in the global markets The rise of global stocks through March has many perplexed in the market, with implied volatility on Wall Street back to levels consistent with a bullish market. There remains plenty of movement in the global financial markets, however, as issues such as inflation, the war in Ukraine and China’s COVID-19 lockdowns keep traders guessing. Throw in some typical antics from Elon Musk, and here are four markets to watch. Top four markets to watch 1. WTI Crude Source: TradingView The Russians have shifted their strategic focus from Kyiv and toppling the Ukrainian government to consolidate its stronghold of disputed Eastern regions. The lower risk of regime change, not to mention a lower risk of crippling sanctions on Russia and Russian debt default, has seen oil prices pull back from recent highs. Moreover, alleged war crimes in Bucha have put an obstacle in front of peace talks but there remains the hope of progress in negotiations going forward. WTI Crude is consolidating now as traders assess the situation. Momentum has neutralized, while prices range between the 20- and 50-day moving average (MA). It must be said a consolidation pattern is taking form, suggesting that perhaps the risk here is skewed towards a break-out. 2. Twitter Source: TradingView Twitter shares surged this week after it was reported that Tesla CEO – and long-time Twitter user and often critic – Elon Musk had taken a 9.2% share in the company. The stock was up as much as 30% on an intraday basis, with the mercurial Mr Musk hinting at bringing about changes to the platform, as the company’s CEO invited Musk to join the board. The news broke Twitter’s downtrend, sending the stock flying into technically overbought levels and towards its 200-day MA. Price met resistance at $54 per share, as lucky investors took profits on the trade. Support looks around $49 per share currently, as the RSI signals a possible further pullback. 3. S&P 500 Source: TradingView The rebound in global equities has had many pundits scratching their heads lately. There are possible signs that this move could be a bear market rally, as upside momentum stalls for the S&P 500. The weekly RSI remains in a downtrend and below the key 50 level. More pertinently, the weekly candle last week is sending a potentially ominous signal of a short-term top and possible price reversal. A gravestone doji can be seen for the index, suggesting potential for further downside risk on Wall Street in the short term. A drop below the 20-week MA could open a pullback to the 50-week MA. A hold above 4545 support/resistance may indicate support and consolidation for the market. 4. US Dollar Index Source: TradingView The path and pace of US interest rates is priority number one again for market participants. With hawkish comments coming from perennial uber-dove Lael Brainard this week has put rate hikes back at the centre of the equation and re-introduced the discussion about when the US Fed will begin the process of balance sheet 'normalisation.’ Heading into the latest FOMC minutes, traders will be gauging the odds of two successive 50-point hikes from the central bank in May and June, and whether 'QT' will begin in May. The US Dollar Index has been consolidating lately, trading in a range between 99.50 and 87.70. The DXY is approaching the top end of that range now, a break of which could open a fresh rally in the dollar. Follow Kyle Rodda on Twitter @KyleR_IG 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. Kyle Rodda | Market Analyst, Australia 06 April 2022
  9. Hi @HarishM, On indices the spread is the charge, on top of that if the index is trading in USD for example and that your base currency is different then there will be conversion fees. You can find further details on CFDs Indices charges on here. All the best - Arvin
  10. Hi @HarishM, You P/L is showing -45.03 because of the currency difference, it is in USD. Once you are on this screen you can click on the filters next to " Market" as below: If you change your P/L in GBP it should add up with the number you see per rows. I hope that it helps. All the best - Arvin
  11. Gold has been moving sideways as sanctions fallout continues; real yields are inching higher on Fed action lowering inflation pricing and with low volatility. Source: Bloomberg Shares Gold Inflation Federal Reserve United States Federal Open Market Committee Gold inched higher overnight on concerns of further sanctions against Russia from the EU. It was also reported that the London Metals Exchange (LME) had recently held discussions with stakeholders about the future of taking delivery of Russian metals. It is believed that the LME will comply with any government regulation but will not go beyond that at this stage. The backdrop for the precious metal remains challenging, with US real yields climbing higher. A higher real return from Treasury notes provides an interest-bearing alternative to the non-yielding yellow metal. The recent push higher in real yields is the result of inflation expectations being lowered, as a result of the Federal Reserve appearing to get serious about tackling price pressures for consumers. Until now, the market saw the Fed as being too dovish. Expectations for more aggressive tightening are growing, with only six Federal Open Market Committee (FOMC) meetings left in the year and eight hikes being priced in, this implies two hikes of 50 basis-points (bp). While inflation expectations have been lowered, nominal yields have been steady. The benchmark ten-year bond remains near 2.40%, not far from the recent three-year peak of 2.56%. Gold against US ten-year real yield, US ten-year nominal yield, US ten-year breakeven inflation Source: TradingView Gold technical analysis In March, the gold price rallied to a peak of 2,070.42 but fell short of the all-time high of 2,075.14 seen in July 2020 creating a Double Top. In the bigger picture, this failure to break higher could be a bearish signal. A potential bearish Head and Shoulder pattern is emerging and a break below the neckline at 1,875.50 may confirm the pattern. The price is currently consolidating in a tight range of 1,892 – 1965 as the right shoulder is developing. These two levels are potential support and resistance respectively. This consolidation is bringing volatility lower as illustrated by the narrowing of the width in 20-day Simple Moving Average (SMA) based Bollinger Band. The price is currently between the 20 and 55-day SMAs, further suggesting a range trade environment might persist for now. Source: TradingView Follow Daniel McCarthy on Twitter at @DanMcCarthyFX This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. This information Advice given in this article is general in nature and is not intended to influence any person’s decisions about investing or financial products. The material on this page does not contain a record of IG’s 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. Daniel McCarthy | Strategist 05 April 2022
  12. As markets approach the next earnings season, we look at the key elements to watch out for. Source: Bloomberg Indices Shares S&P 500 S&P Global Ratings Investor Stock market When does earnings season begin? The impending reporting season for US stocks begins on 14 April with JPMorgan, and lasts throughout April and May. What to expect from earnings season For this period of reporting, the overall S&P500 is expected to see earnings growth of 4.7%, according to data from FactSet. This would be the lowest rate of growth since quarter one (Q1) 2020. Earnings growth to slow This season is expected to see a slower rate of earnings growth, but one that is at least still positive. This reflects the maturing state of the economy and the market, which is now moving on from the immediate recovery phase from the Covid-19 pandemic. It is important to note that earnings are still expected to grow, with no sign of any reversal in earnings growth as yet. But with prices on the rise some margin compression is likely. Higher input costs will be felt throughout a host of sectors, prompting profit margins to narrow. This should then be reflected in the earnings outlook for the next quarter. A gloomier outlook will risk putting more pressure on equity markets, as investors fret that the trend of weakening growth will continue. What about the Ukraine war? There was some reference to the war in Ukraine in the quarter four (Q4) results season. We can expect it to feature more heavily this time around although it is still perhaps too soon for most companies to have a firm idea of how much the situation will have affected earnings. Oil companies however will be interesting to watch, since they have been the obvious beneficiaries of the rise in oil prices, while on the other hand, they have been hit by the need to divest themselves of operations in Russia. The overall impact for now on earnings may be a reference to ‘greater uncertainty’ and the prospect of further details in the next reporting season. S&P 500 strong after recent recovery The S&P 500 has managed an impressive rebound from its March lows. From 4130, the index has climbed back above 4500, even briefly moving above 4600 in late March. Earnings season may well be a crucial moment for the index, as investors look for reasons why the index should continue its move higher. Additional gains in the short-term head towards 4630, and from there the 4740 and 4800 levels loom large as upside targets. A more bearish case will develop if the price is unable to hold above 4500 and the 200-day simple moving average (SMA) at 4494. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London 05 April 2022
  13. The FTSE 100, DAX 40 and Nasdaq 100 remain bid but are so far being capped by resistance over worries of the impact further sanctions on Russia might have on the outlook for European economies. FTSE 100 range trades below its 7,593 late March high The FTSE 100 continues to trade around its 25 February high at 7,564 but below its late March high at 7,593 as traders mull the prospect of further sanctions against Russia. Nonetheless the trend continues to point upwards and a rise above last week’s high at 7,593 would target the February peak at 7,688. Minor support remains to be seen at the 23 March high at 7,522 below which sits the 31 March low at 7,489. While above there, immediate upside pressure should be maintained. Below 7,489 meanders the 55-day simple moving average (SMA) at 7,436 and further down the 23 March low can be made out at 7,419. Source: ProRealTime DAX 40 remains below key resistance area The DAX 40 tried but so far failed to reach the 55-day SMA at 14,667 amid worries of further sanctions being imposed on Russia and the impact these may have on European economies. The index thus remains below key multi-year resistance at 14,840 to 14,917 which goes back to May 2021. At present a slide back towards the last week’s low at 14,323 looks to be on the cards. If slipped through, the 24 March low at 14,187 may be revisited. In case of the March high at 14,927 being exceeded, the 200-day SMA at 15,406 would be in focus, however. Source: ProRealTime Nasdaq 100 flirts with 200-day SMA at 15,172 US stock futures started the week on the front foot thanks to news that the Chinese regulator would make changes to rules regarding confidentiality, allowing US auditors to access sensitive financial information. This prompted a surge in technology stocks and led to the Nasdaq 100 resuming its ascent. The index is currently grappling with the 200-day SMA, mid-January low and February high at 15,172 to 15,276 which capped last week. If 15,276 were to be overcome on a daily chart closing basis, a double bottom upside target of 15,845 could be reached. It is the distance between the 14,395 early March high to the 12,945 March low, projected upwards from the breakout point at 14,395. Only a currently unexpected slip through Friday’s low at 14,723 would negate the currently bullish bias and may provoke a deeper retracement back towards the 55-day SMA at 14,328. Source: ProRealTime IG Analyst 05 April 2022 22:30
  14. The RBA left the official cash rate at 0.10% as expected; the statement removed the word 'patient' as evidence builds and a lift-off for rates in May could be brewing. Source: Bloomberg Forex Inflation Australia Central bank Inflation targeting Federal Reserve The Australian dollar rallied after the RBA left rates unchanged at 0.10% at their monetary policy meeting today. It was the hawkish tone that lifted the currency. In particular, the reference to being ‘patient’ in regards tightening was dropped. No mention was made of disposing of assets accumulated during the pandemic and the market anticipates that the central bank will let these debt instruments mature in time. An important phrase included in the statement said, ‘Over coming months, important additional evidence will be available to the Board on both inflation and the evolution of labour costs.’ Successive Australian governments have failed to provide funding to the Australian Bureau of Statistics (ABS) to enable them to provide monthly CPI. Instead, Australia and New Zealand are the only two countries in the G-20 that release quarterly CPI. This is despite the Australian government mandating an inflation targeting regime to the RBA. Today’s decision aside, the asymmetric bias within the monetary policy framework is alive and well. The bias stems from the belief that it is easier to deal with high inflation than it is to re-stoke economic growth if the flames of expansion are extinguished. Hence, monetary policy is kept looser for longer than would otherwise be the case if there was a symmetric approach between growth and inflation. While there might be some merit in this thinking, the logic only holds to a point. The breaking point is when inflation expectations become embedded. The US Federal Reserve is further down this problematic path than the RBA, but the clock is ticking louder for Australian rates. Many Australian employees have recently had their salaries increase by 3.5% as their awards are tied to headline CPI, not any other measure. Last week, the federal budget delivered household balance sheets a little kick along, although mostly temporary. With unemployment at 4% and CPI data arriving April 27th, there are strong indications that overheating price pressures may trigger the RBA to hike in May. Next week will see the Westpac consumer confidence gauge and jobs data released Source: TradingView Follow Daniel McCarthy on Twitter at @DanMcCarthyFX This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. This information Advice given in this article is general in nature and is not intended to influence any person’s decisions about investing or financial products. The material on this page does not contain a record of IG’s 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. Daniel McCarthy | Strategist 05 April 2022
  15. While bitcoin is the big boy of the crypto world, many alternative coins or ‘altcoins’ have cropped up in recent years. Here are some of the top altcoins to watch – ranked in no particular order. Source: Bloomberg Forex Cryptocurrency Litecoin Ethereum Bitcoin CFD What is an altcoin? An altcoin is an alternative to Bitcoin – the crypto that started it all. Given bitcoin’s popularity, many other cryptos have launched to try and cash in on the crypto craze. Most of the altcoins that’ve been released are built on the blockchain technology that spawned bitcoin, and this technology is already supporting more secure and efficient ways of transacting business and transferring assets. Because of the expansion of cryptocurrency in recent years, and the wave of developers and programmers looking to cash in on the rise of alternative payment systems, the altcoin market is flooded with choice. Because of that, we’ve whittled this list down to five of the most well-known and hotly talked about coins at the time that this article was updated. That said, here are some of the top altcoins to watch. Top altcoins to watch Litecoin (LTC) Neo (NEO) Stellar (XLM) Ether (ETH) Dodgecoin (DOGE) 1) Litecoin (LTC) Litecoin (LTC) was launched in 2011 by Charlie Lee, a former Google employee. The software that Litecoin runs on is incredibly similar to that of bitcoin, although Litecoin’s is faster. This is one of the reasons for Litecoin’s staying power. While it takes around 10 minutes to mine a bitcoin block, it takes just two and a half minutes to mine a Litecoin block. The Litecoin supply limit’s capped at 84 million, and the current reward for mining a block is 12 and a half Litecoin’s – which will halve in 2023. Trade Litecoin 2) NEO (NEO) Headquartered in China, NEO has an ambitious vision to help create and support a new digital ‘smart economy.' Its network structure enables the development of decentralised applications or ‘dapps’ that can facilitate a whole host of secure and quick transactions, via smart contracts. Despite the Chinese government’s crackdown on initial coin offerings (ICOs) and cryptocurrencies, NEO has so far managed to raise the funds needed to develop and launch its projects – fuelling speculation of a possible connection between the company and Chinese authorities. Trade NEO 3) Stellar (XLM) The aim of Stellar – founded in early 2014 by Joyce Kim and Jed McCaleb – is to seamlessly, quickly and securely link banks, customers and payment systems. Its platform is designed to facilitate the near-instantaneous exchange of funds around the globe – with its cryptocurrency, XLM, acting as a bridging mechanism between fiat currencies. In early 2018, Stripe – one of the world’s largest payment gateways – announced plans to replace Bitcoin with XLM. This news saw Stellar’s price rise by 20%, and helped to solidify the coin’s place in the world of bitcoin alternatives. Trade Stellar 4) Ether (ETH) Ether is the name of the cryptocurrency that’s used on the Ethereum blockchain platform. In terms of market cap, ether is the second largest crypto in the world, after bitcoin itself – so Ether could be considered the largest of the ‘altcoins’. Ethereum as a platform was first proposed in 2013 by programmer Vitalik Buterin and the network went live in 2015. It’s most used as a decentralised finance platform, but it has also been utilised to help launch other altcoins through initial coin offerings. Trade Ether 5) Dogecoin (DOGE) Dogecoin is the last altcoin that we’ve include in this article and it’s perhaps one of the newest to achieve mainstream attention. This attention is due in part to social media hype, spurred on by celebrities like Elon Musk, Snoop Dogg and Gene Simmons. This hype, for example, saw the price of the coin increase from $0.007 on 27 January 2021 to $0.08 on 7 February 2021. Doge has already come a long way since it was created by Billy Markus and Jackson Palmer in 2013, and it’s anyone’s guess whether the hype will continue. What’s the future outlook for altcoins? The future outlook for altcoins is mixed, and the expanded use of crypto as a mainstream form of currency will no doubt be needed for altcoins to catch on in the mainstream. For now, they’re relegated to the side lines of the crypto space – with bitcoin reigning supreme, with that trend set to continue for some time. How to trade altcoins Trading altcoins means that you’re taking a speculative position on the price of a coin rising or falling. You won’t ever take direct ownership of the coins, so you won’t need to worry about creating an exchange account or virtual wallet. Instead, when you trade, you’re using CFDs to ‘buy’ an altcoin if you think its price will increase; or to ‘sell’ an altcoin if you think its price will fall. Here’s how to trade altcoins with CFDs: Create a CFD trading account or Open MyIG Research the altcoin market Search for your opportunity in our trading platform Set you position size and any stops or limits Open and monitor your CFD trade If you’re not ready to trade the live markets just yet, you can always build your confidence with our demo account. You’ll get $20,000 to trade different altcoins – or bitcoin itself – to see how these assets behave, and familiarise yourself with managing risk when trading crypto. Create a demo account Callum Cliffe | Financial writer, London 05 April 2022
  16. A strengthened dollar has lifted USD/JPY again, while putting pressure on EUR/USD. For now, sterling appears to be holding its ground against the dollar. Forex United States dollar USD/JPY EUR/USD Japanese yen GBP/USD EUR/USD in retreat from recent highs Two days of losses in EUR/USD and a retreat from the 50-day simple moving average (SMA) $1.1169 point towards a potential lower high and the beginning of a new leg lower for the pair. This would bring $1.08 into view, the low from the beginning of March into play. Stochastics have rolled over too, suggesting this downtrend has further to run. Source: ProRealTime GBP/USD steady despite losses GBP/USD price has managed to hold its ground despite coming under some pressure on Friday. As yet further losses have not materialised, although a drop below $1.305 would mark a bearish development. Buyers will want to see a move back above $1.318 to open the way to a potential challenge of the highs from the second half of March, around $1.328. Source: ProRealTime USD/JPY pushes higher Friday’s jobs report strengthened the dollar, reversing some of the recent losses. It looks like USD/JPY may push back to the late March highs, despite the apparent overextension of the rally indicated by the yawning gap with the 50-day SMA ¥117.10. Sellers would need to push the price back below ¥121.20 to suggest a nearterm retracement is underway. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London Monday 04 April 2022
  17. Hi @Jinny, Singapore office does not offer Share dealing account, therefore we won't be able to transfer your shares over. Please reach out to helpdesk.uk@ig.com for further details on keeping an ISA without adding funds. If you wish to transfer your shares out of IG you can follow the steps on this link: https://www.ig.com/uk/help-and-support/investments/transferring-investments/how-do-i-transfer-my-shares-or-isas-from-ig-to-another-broker All the best - Arvin
  18. Hi @SuperFund5050, If you want to change the name of the account your are on you can go on My IG > Dashboard > Click on the pencil next to the account name: That would be reflecting here : I hope that it helps. All the best - Arvin
  19. The Australian share market rose for a third straight week to a two-month high last week. RBA’s meeting on Tuesday will be the key event to focus on this week and today we look at three stocks: Nab, Telstra and Rio Tinto. Source: Bloomberg The Australian share market rose for a third straight week to conclude the first quarter of 2022 at a two-month high. Despite the mild fall on Thursday, ASX 200 moved up 6% during the trading session in March and nearly regained all the losses from early this year. A strong boost from the mining sector and big banks helped the ASX to rebound strongly since mid-March while partially offsetting the concern of upcoming interest rate rises and the geopolitical tension in Ukraine. Three ASX stocks to watch this week 1. National Australia Bank (NAB) Source: IG NAB shares hit a five-year high last Thursday at $32.59. The recently revealed federal budget was viewed as a positive catalyst for banks and as such, share prices for big banks surged last week. In addition to that, NAB recently announced a $2.5 billion buyback: the top Australian bank plans to buy back its shares after the publication of its half-year results, scheduled on 5 May. The share price of NAB has pulled back from its peak from last Friday, with the current support at $32. Next support can be found from the 20-days moving average. Overall, the mid-term momentum for the bank stays bull-biased, although the over-bought RSI does suggest a near-term retracement is on the cards. Telstra Corporation (TLS) Source: IG Telstra share prices experienced a turbulent week last week as the company made two significant announcements back-to-back. On Wednesday, the retirement of its chief executive officer (CEO) Andrew Penn shocked the market while on Thursday, the telecommunications giant won back the previous loss as the company confirmed to secure a new $187 million contract with the Queensland government. The share price for Telstra has moved sideways from last week’s trend line on Monday morning. Currently supported by the 20-day moving average, which if broken through, will send the price back to its two-week-low. Imminent resistance will be in line with the 50-day moving average and the previous trendline, at around $3.95. Rio Tinto Limited (RIO) Source: IG Rio Tinto Limited (RIO) share price edged 14.68% higher for the past two weeks as the company’s largest commodity iron ore, rose 11% in March. Since the beginning of 2022, the Rio Tinto share price has gained 20%, powered by soaring commodity prices and strong global demand. From a technical viewpoint, it looks like the share price has bottomed out from the March low, following the ascending trend line ever since. The next target will be looking at the gap between $123.1 and $125.3, which, if filled, will open the door to the eight-month-high near $128. Current support can be found from the trend line at $120. 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. Follow Hebe Chen on Twitter @BifeiChen Hebe Chen | Market Analyst, Australia 04 April 2022
  20. Hi @JamesCurtis, Apologies for the late reply, but DAGB should be available now. Thank you - Arvin
  21. Hi @Sourabh, Thank you for your post. Unfortunately, we’ll no longer be in a position to offer products derived from the India 50 index due to compliance and regulations changes. For this reason, we’re withdrawing all products, including binary options, on the India 50 on Friday, 1 July 2022. We’ll also restrict opening trades (or those that otherwise increase exposure) on the index from Friday, 1 April: All the best - Arvin
  22. Hi @gokhancetinkal, We will need to wait for the team to verify the document, once done you will be able to trade again. All the best - Arvin
  23. Hi @Xelebal737, Thanks for your post. The PRT demo account is only available for a certain amount of time. To have access to the demo account indefinitely you will need to have a live PRT account. Please reach out to support.fr@ig.com for your query on accessing your demo account again or your files. All the best - Arvin
  24. Hi @hellobillyyu, Thank you for your post. Unfortunately, after asking the IT team Autochartist is not available on our MacBook version of MT4. Sorry for the inconvenience. All the best - Arvin
  25. Hi @John968060, Could you please clarify which indices have data missing for Monday 28 March to Thursday 31 March on your end? Thank you - Arvin
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