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ArvinIG

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  1. We look at some of the most important stocks traders and investors should watch out for this week. Source: Bloomberg Indices Shares Stock Investor Dividend ASX The ASX 200 participated in an uplift in global equity markets last week, with the index rising 3.3%. It was a broad-based rally. But beaten-up tech stocks led the charge, with energy and materials stocks pulling back as fears about the impact of the war in Ukraine on global energy and commodity markets cooled. The week ahead will remain focused on macroeconomic risk. However, a handful of local news should also drive the market, including several major stocks going ex-dividend after last month’s reporting season. Here we look at three stocks to watch in the week ahead. Top three ASX stocks to watch 1. Commonwealth Bank of Australia (CBA) Source: IG CBA shares will go ex-dividend on the 22nd of March, as the company pays out the $1.75 dividend it announced out of its earnings last month. Combined with a more favourable market backdrop, investors appear to be buying into the stock ahead of the dividend, with price making fresh YTD highs. The share price has run into some resistance at around $106 right now, which if broken may open a push towards record highs at just above $110. Technical support is around $103.40. 2. Star Entertainment Group (SGR) Source: IG Investors offloaded Star Entertainment Group shares last week as an enquiry into the gaming business in New South Wales probed alleged breaches of anti-money laundering regulation. The fear here is of potentially significant fines, and possibly a loss of its gaming license, like what happened to Crown when it was proven to have engaged in similar misconduct. With momentum skewed to the downside, SGR shares remain in a downtrend with the next major level of resistance around $3.10 per share. ZIP Company Limited (Z1P) Source: IG The global tech wreck, along with a collapse in buy-now-pay-later stocks locally, has seen Z!P shares fall towards post-pandemic lows with the stock down roughly 80% in the past year. While the company faces headwinds from higher interest rates and potentially weaker profits from increasing bad debts, the technicals point to a looming bounce for the stock. Although in a primary downtrend, the weekly RSI is heavily oversold, and the signal line is suggesting slowing downside momentum. A break of trendline resistance could see buyers drive a reversion in the stock, with the resistance at $2.70 the major level to watch in such an event. Follow Kyle Rodda on Twitter @KyleR_IG Kyle Rodda | Market Analyst, Australia 21 March 2022
  2. Hi RBR, You can sell your share as soon as you buy them, once the buy is complete you will see them appear in the positions tab. All the best - Arvin
  3. Hi @lide54, You will need to trade at least 3 times in the previous month : If you trade 3 times or month in the quarter the Subscription fee will also be waived, more info here. I hope that it helps. All the best - Arvin
  4. Hi @AbdulS, Thank you for your post. Unfortunately you will have to recreate the Watchlists as the Demo server is running on a different server as the live account servers. All the best - Arvin
  5. Hi @Markymarky, Regretfully, we’re currently not able to take on any new SIPP applications. We hope to offer new SIPP accounts soon and are working on contracting with a new provider. All the best - Arvin
  6. Hi @fomafoma, Please reach out to helpdesk.uk@ig.com our team will be able to investigate and assist you further. Please ensure that the funds you are trying to transfer are settled. All the best - Arvin
  7. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 21st March 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.
  8. Hi @Marcipops, Feel free to reach out to webapisupport@ig.com for API support. All the best - Arvin
  9. Hi @MITH, It is possible that your position was closed manually by the dealing desk. Please reach out to heldpesk@ig.com.sg for further investigation. All the best - Arvin
  10. With Pound Sterling weakening against the US Dollar, Bank of England governor Andrew Bailey must risk either an inflationary wage-price spiral or severe recession. Source: Bloomberg Forex Inflation Interest rate Pound sterling Interest Interest rates Those who remember 1979 may feel a creeping sense of déjà vu trickling down their spines. The Iranian Revolution had sparked an oil crisis that had doubled the price of crude oil. The Winter of Discontent saw widespread strikes as worker pay was rapidly outstripped by inflation. UK inflation (GBP/USD) had hit a crisis-level 27% in 1975, and despite a bailout from the International Monetary Fund, remained over 20% for much of the 1980s. The government had set a 5% pay increase limit while inflation ran into double figures. And Russian soldiers were dying by the thousand in Afghanistan, as the Soviet Union attempted, and failed, to suppress the Afghani Mujahideen equipped with Western weaponry. And in an emergency special session of the United Nations General Assembly in early January 1980, 104 of the 152 member states had voted to protest the invasion. GBP/USD: Back to the 70s? Fast-forward to today. Abandonment of Russian oil has Brent Crude at $107, after reaching a high of $139. Bank of England governor Andrew Bailey has called for ‘wage restraint.’ Most NHS workers are due a 3% pay rise, with UK inflation potentially hitting 10% later this year. Russia is again invading a foreign nation to install a puppet government, sacrificing young soldiers to the meat grinder that is NATO weapons. And on 2 March, in another emergency special session of the United Nations General Assembly, 141 of 193 member states voted to condemn Russia’s invasion of Ukraine. Of course, history is a mirror; it doesn’t repeat itself. There is more than one hugely significant difference between the financial crises inherited by Margaret Thatcher, and the one facing Andrew Bailey today. Source: Bloomberg Pound Sterling: interest rate dilemma Throughout the 1970s the UK’s base rate remained over 10%, soaring to 17% in November 1979, after Thatcher gained power earlier in the year. The then Prime Minister was convinced that high interest rates were necessary to bring inflation under control. The strategy eventually worked but saw unemployment rise to 3 million amidst a severe recession and political polarisation. After the central bank’s meeting today, the Monetary Policy Committee (MPC) voted 8-1 to increase the base rate for a third successive time to 0.75%. The Consumer Prices Index inflation rate is 5.5%, with the Bank’s official target at 2%. The US Federal Reserve has also increased rates by a quarter-point for the first time since 2018. With inflation running at 7.9%, and the country far less dependent on energy imports than the UK, six more quarter-point increases are planned for 2022. But the cost-benefit calculation is different for the UK. The need to control inflationary pressure with interest rate rises must be balanced with easing the escalating cost-of-living crisis. Higher energy bills, housing costs, food prices, and taxes are causing the biggest squeeze on incomes since before Thatcher entered No 10. The UK could return to 1970s-style ‘stagflation,’ marked by combined persistent high inflation and high unemployment, causing weak demand. Across the pond, former treasury secretary Larry Summers is predicting both will remain above 5% for years to come. But the problem is more acute in the UK, which is more susceptible to the rising global prices of food and energy. Andrew Bailey will have to choose between keeping interest rates low, risking an inflation-inspired wage-price spiral, or raising them further and chancing a severe recession and housing crash. The Bank previously predicted an inflationary peak of 7.25% in April, but now believes the peak could be ‘several percentage points’ higher later in the year, especially if the Ofgem price cap increases ‘substantially’ in October. And it noted recent developments ‘are likely to accentuate both the peak in inflation and the adverse impact on activity by intensifying the squeeze on household incomes.’ Moreover, it warned ‘global inflationary pressures will strengthen considerably further over coming months, while growth in economies that are net energy importers, including the UK, is likely to slow.’ The MPC argues ‘the economy has recently been subject to a succession of very large shocks. Russia’s invasion of Ukraine is another such shock.’ But interest rates were running around 5% for years before the 2008 financial crisis. In hindsight, persisting with emergency sub-1% rates for 14 years instead of raising rates before the next crisis hit may not have been the most well-thought-out policy. Because there’s always a chance that two crises can hit in a row. Trade 100+ FX pairs with the UK’s No. 1 retail forex provider.* Enjoy fast execution, low spreads – plus we’ll never fill your order at a worse price. Learn more about our forex trading platform or create an account to start trading today. Charles Archer | Financial Writer, London 18 March 2022
  11. Australian dollar rises amid heavy equity buying across US and Asian stock markets and oil prices climb after China signals it may start to reduce its aggressive Covid strategy. Source: Bloomberg Forex Commodities Australian dollar AUD/USD United States dollar Benchmark (crude oil) Friday’s Asia-Pacific outlook Asia-Pacific traders will look to close the week out on a high note today after Wall Street traders pushed US indexes higher for the third day. The benchmark S&P 500 index gained 1.23%. Asian equity markets also have the advantage of upward momentum. Hong Kong’s Hang Seng Index (HSI) closed over 7% higher on Thursday. The resumption of negotiations between Ukraine and Russia has lifted market sentiment, but fighting in Ukraine has only intensified, according to reports on the ground. Commodity markets remain highly volatile despite the bullish activity in equity markets. WTI crude oil rose back above 100 per barrel overnight. Brent crude – the global benchmark – rose as well. Oil was on the move amid a new wave of Covid-induced lockdowns. However, Chinese President Xi asked policymakers to reduce the impact of Covid on the Chinese economy on Thursday, according to Xinhua News. The foreign exchange market has seen heavy risk-on flows. AUD/JPY – a common FX risk gauge – rose to its highest level since early February 2018. Meanwhile, the safe-haven US dollar fell for a third day via the DXY index, with euro strength accounting for much of that drop. Gold was also advantaged from the weaker USD, which pushed spot prices over half a percent higher. The dollar did gain against the Russian ruble, with USD/RUB rising nearly 7%. S&P cut Russia’s credit rating to CC from CCC-. The credit rating agency warned that another cut is possible. The Bank of Japan (BoJ) will provide today’s main event to close out the week. Analysts expect the central bank to hold steady on providing massive monetary support. Australian dollar technical forecast AUD/USD is trading just below the 0.7400 level after a third daily gain. A push above that level would open the door for a test of the March high at 0.7441. MACD is tracking back above its signal line, and the 20-day Simple Moving Average (SMA) is nearing a cross above its 200-day SMA. If prices pullback, the 23.6% Fibonacci retracement may offer a degree of support. 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. 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. Thomas Westwater | Analyst, DailyFX, New York City 18 March 2022
  12. WTI crude oil surrenders recent gains, falling more than 25% from last week’s high and oil market’s demand-side expectations take a hit on Chinese cities locking down. Source: Bloomberg Shares Commodities Price China WTI United States It's been quite the month for commodities, and oil is no exception. WTI Crude prices began March at 96.10 a barrel before rising as high as 129.42, which was the highest level traded at since July 2008. Prices have since surrendered those gains, moving back to around 96 a barrel. That marks a drop of more than 25% in just over a week. The surge to that July 2008 high was ignited by Russia’s invasion of Ukraine and the subsequent volley of Western sanctions. Those sanctions remain, and Russia’s assault into Ukraine has only advanced. The sharp pullback suggests that much of the geopolitical risk premium has evaporated despite the remaining conflict. China’s recent lockdown of its coastal cities, including the manufacturing hub Shenzhen, has also helped to tamp down on prices. China is a major oil importer, and the reduced demand from those lockdowns has helped to ease prices. The potential for further lockdowns in China may also be a factor helping to temper near-term demand expectations. Meanwhile, US oil production continues to increase. US oil rigs rose to 527 from 519 for the week ending March 11, according to Baker Hughes data. That is the highest level since April 2020, although oil production per rig is down. The decreased production is an unfortunate side effect of shutting down and restarting rigs – it decreases the efficacy. Still, the numbers are encouraging, but it will take time for production to increase to a point where prices would fall much further. In fact, the US Energy Information Administration (EIA), in its March 2022 Short-Term Energy Outlook (STEO), forecasted WTI prices to average $112 per barrel for the second quarter (April, May, June). That’s around 16% higher than current levels. That said, demand-side issues are likely to drive prices for now while supply slowly but surely increases. The fundamental upside risks for prices would be if China pulls back from its zero-Covid policy and stops restrictive measures, which would reignite demand prospects from the world’s second-largest economy. Friday will see another weekly US rig count update from Baker Hughes. The recent price surge may have producers attempting to speed up the pace of bringing rigs back online. The weekly percent change in US oil rigs is displayed in the chart below. 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. 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. Thomas Westwater | Analyst, DailyFX, New York City 17 March 2022
  13. Hi @Thinker, Because we price our ASX cash by deriving pricing from ASX futures. Hence, the trading halt in ASX24 did not allow us to price our cash as usual. We had to use Out Of Hours pricing for ASX cash during the halt which resulted in a higher spread. https://www2.asx.com.au/markets/market-resources/system-status By scrolling down on the ASX website you will be able to see the technical difficulties they faced today. All the best - Arvin
  14. Hi @MITH, Because we price our ASX cash by deriving pricing from ASX futures. Hence, the trading halt in ASX24 did not allow us to price our cash as usual. We had to use Out Of Hours pricing for ASX cash during the halt which resulted in a higher spread. All the best - Arvin
  15. Hi @Pricey520, You can find the trading hours on the info tab on the dealing ticket: You will also find the settlement period, the ticker, and the margin requirements on leverage accounts on the info tab. I hope that it helps! All the best - Arvin
  16. Hi @MITH, You can follow the ASX system updates on their website here : https://www2.asx.com.au/markets/market-resources/system-status ASX resumed recently. All the best - Arvin
  17. Hi @jy247, The VIX is calculated in real time using the live prices of S&P 500 options – this includes standard CBOE SPX options, which expire on the third Friday of every month, and weekly CBOE SPX options that expire every Friday. You can find more details here. Please ensure that you are looking at the right price level on the charts by right clicking on the chart and selecting Price: By default the price is on Mid. I hope that it helps. If you need further assistance, please reach out to helpdesk.uk@ig.com. All the best - Arvin
  18. Hi @AlexandruD, Unfortunately there is no web browser version of MT4. You will need to install the App or download MT4 on your computer to use your MT4 CFD account. All the best - Arvin
  19. A pause in downward moves for EUR/USD and GBP/USD is matched by a consolidation for USD/JPY following its huge rally. Forex United States dollar Euro Japanese yen Pound sterling USD/JPY EUR/USD ticks higher for a third day EUR/USD continues to gain, recouping losses from the recent lower low. However, the downtrend is still firmly in place. So, while we might see a continued rebound towards $1.11 or even $1.12, the outlook still points towards additional losses. In the short term, a reversal back below $1.09 would put the March low back in view. Source: ProRealTime GBP/USD struggles to move higher After nearly hitting $1.30 the GBP/USD price has begun to recover, but only timidly. The fresh lower low from this week puts new strength into the downtrend. A possible rebound could see the price head back towards $1.32, but even above here a lower low is still likely. Depending on how the Federal Reserve (Fed) and Bank of England (BoE) meetings go, sterling may find some room for upside. Source: ProRealTime USD/JPY holds above ¥108 The surge in USD/JPY has been one of the most remarkable moves of late, although it has been overlooked due to the rallies in oil prices. As the preceding two pairs have hit lower lows, this has surged to a new higher high. ¥108.61 is the high from the beginning of 2017, and above here ¥124.45 and then ¥125.75 come into view over a medium-term view. A reversal towards ¥115.00 would leave the uptrend intact and establish a higher low. Source: ProRealTime Chris Beauchamp | Chief Market Analyst, London 16 March 2022
  20. Hi @JonJaa, After asking IT, unfortunately it seems that it is not possible to access historical swap rates data. I will raise this point as a feedback to the relevant team to be reviewed. All the best - Arvin
  21. Hi @pmcguinness07 @Lambchops, Unfortunately at this point in time there is no ETA for DRIP to be available on the platform. As mentioned IG is aware that it is a feature that some clients would like to see but there is no ETA. All the best - Arvin
  22. Chinese ADRs listed on US exchanges rebounded, setting a positive tone for Hong Kong market at open; falling crude oil prices alleviated inflation concerns and the FOMC meeting will be closely watched by traders. Source: Bloomberg Indices Shares Commodities China Hong Kong United States Dow Jones, Hang Seng Index, crude oil, FOMC meeting, Asia-Pacific at open The Dow Jones Industrial Average rebounded 1.82% and the tech-heavy Nasdaq 100 surged 3.16% on Tuesday. Falling crude oil prices alleviated inflation fears and boosted investor confidence. WTI tumbled 23.7% over the last five trading sessions as tensions in Ukraine eased and China imposed lockdowns in a few key cities to combat the viral resurgence. The FOMC meeting will be closely scrutinized by investors around the globe today for clues about the Fed’s tightening roadmap amid heightened geopolitical risks and stagflation concerns. The central bank is expected to raise interest rate by 25bps at today’s meeting. Hong Kong’s Hang Seng Index may rebound after falling nearly 6% a day ago amid intensified selloff in the technology sector. Fears about delisting from the US exchanges weighed on Chinese ADRs, pulling their Hong Kong counterparts sharply lower. Meanwhile, a severe viral resurgence dampened growth prospects in the world’s second-largest economy. Beijing imposed lockdowns in a few key commercial hubs including Shenzhen – China’s Silicon Valley – in an attempt to contain the rapid spread of the Covid-19 virus. This may cause global supply chain disruptions and send shockwaves to other countries. JP Morgan Chase downgraded 28 Chinese internet stocks including Alibaba, Tencent and Meituan to underweight, calling them 'uninvestable' over the next 6 to 12 months due to rising geopolitical and macro risks. The Hang Seng Index has entered a bear market after falling 25% from February’s high. Trading at 6.7 times price-to-earnings (P/E), the index may entice long-term investors to jump in for bargain hunting opportunities. Tencent - daily Source: TradingView Asia-Pacific markets look set to trade higher following a positive lead on Wall Street. Futures in Japan, Australia, Hong Kong, Taiwan, Singapore, Malaysia, India and Indonesia are in the green, whereas those in mainland China, South Korea and Thailand are in the red. Looking ahead, Canada’s inflation rate dominates the economic docket alongside US retail sales figures and the Fed interest rate decision. US retail sales is expected to come in at 0.4% on Month, falling from previous month’s reading of 3.8%. Looking back to Tuesday’s close, 7 out of 9 Dow Jones sectors ended higher, with 93.3% of the index’s constituents closing in the green. Communication services (+2.99%), consumer discretionary (+2.78%) and information technology (+2.63%) were among the best performers, whereas energy (-5.06%) and materials (-2.34%) trailed behind. Dow Jones sector performance 15 March 2022 Source: DailyFX Dow Jones technical analysis The Dow Jones index may have formed a 'Double Bottom' chart pattern as highlighted on the chart below. This suggests that prices may have reached a near-term bottom and may embrace a technical rebound. Holding above a key support level of 32,940 may pave the way for further upside potential with an eye on 34,040. The overall trend remains bearish biased however, as price formed consecutive lower highs and lower lows over the past few months. Dow Jones index – daily chart Source: TradingView Hang Seng Index technical analysis The Hang Seng Index (HSI) breached below multiple support levels and extended lower, underscoring strong selling momentum. An immediate support level can be found at 17,580 – the 200% Fibonacci extension. Holding above this level may pave the way for a technical rebound. The MACD indicator dove deeply into negative territory, suggesting that prices may be severely oversold. Hang Seng Index – daily chart Source: TradingView ASX 200 index technical analysis The ASX 200 index is attempting to breach above the trendline resistance as shown on the chart below. A successful attempt may open the door for further upside potential with an eye on 7190, and then 7290. A reversal lower may intensify near-term selling pressure and bring an immediate support level of 6960 into focus. The MACD indicator is trending higher beneath the neutral midpoint, suggesting that bullish momentum may be building. ASX 200 index – daily chart Source: TradingView Follow Margaret Yang on Twitter @margaretyjy 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. Margaret Yang | Strategist, DailyFX, Singapore 16 March 2022
  23. Retail traders are slightly increasing their short exposure on Wall Street; this is before the Fed which could produce market volatility as hikes begin and will S&P 500 and Dow Jones rise if investors increase their bearish views? Source: Bloomberg Indices Shares Market sentiment S&P 500 S&P Global Ratings Dow Jones & Company Ahead of the Federal Reserve’s interest rate decision, retail traders have been slightly increasing short exposure in Wall Street benchmark stock indices. This can be seen by looking at IG Client Sentiment (IGCS). Short bets in the S&P 500 and Dow Jones have been on the rise in the near term. If this trend in positioning continues, then these indices could have more room to rise ahead. S&P 500 sentiment outlook - bullish The IGCS gauge shows that about 58% of retail traders are net-long the S&P 500. Since most traders are still biased to the upside, this suggests prices may continue falling. However, downside exposure has increased by 9.86% and 10.66% compared to yesterday and last week respectively. With that in mind, the combination of current and recent changes in positioning warns that the price trend may soon reverse higher. Source: DailyFX S&P 500 futures daily chart S&P 500 futures are continuing to trade within the boundaries of a Falling Wedge chart formation. While the wedge can be a bullish signal, the near-term trend may remain biased lower if prices continue trading within the boundaries of the formation. Positive RSI divergence is showing that downside momentum is fading, which can at times precede a turn higher. Still, a bearish Death Cross is present between the 50- and 200-day Simple Moving Averages. Downtrend resumption entails clearing the 4126 support point, exposing the May low at 4029. Pushing above the wedge exposes the March 3rd high at 4418. Source: TradingView Dow Jones sentiment outlook - bullish The IGCS gauge shows that roughly 49% of retail traders are net-long the Dow Jones. Since most traders are now net-short, this hints that prices may continue rising. This is as downside exposure has increased by 30.71% and 18.73% compared yesterday and last week respectively. With that in mind, the combination of current and recent changes in positioning is offering a stronger bullish contrarian trading bias. Source: DailyFX Dow Jones futures daily chart Dow Jones futures are also trading within the boundaries of a Falling Wedge chart formation. A bearish Death Cross is in play between the 50- and 200-day SMAs as well, offering a downward technical cue. Positive RSI divergence does show that downside momentum is fading. Key resistance seems to be the 34002 inflection point before the wedge ceiling comes into play. Extending the downtrend would expose the 31951 – 32235 support zone, which is made up of late March 2021 lows. Source: TradingView Follow Daniel Dubrovsky on Twitter @ddubrovskyFX 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 Dubrovsky | Currency Analyst, DailyFX, San Francisco 16 March 2022
  24. Hi @JonJaa, The daily estimated overnight funding rates for forex (tom-next rate plus our admin fee) and commodities (basis adjustment plus our admin fee) can be viewed in our platform. We call them swap rates. For short positions we’ll apply the ‘swap bid’ rate, and for long positions we’ll apply the ‘swap offer’ rate. You can find more details here. All the best - Arvin
  25. Hi @TW00100, Alibaba Group Holding Limited (9988.HK) is available to trade on Leverage accounts. If the shares on NYSE happens to be delisted IG won't be able to book the equivalent of 9988 HK as they are on completely different exchanges. You would likely need to sell the NYSE shares and deal on HK. To deal on HK you will need to use a CFD or Spread bet account, therefore you won't posses the shares. All the best - Arvin
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