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ArvinIG

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Everything posted by ArvinIG

  1. Hi @Jpn, The charts seems to be working on the web based platform : Could you please clarify what type of issue you are facing? Thank you - Arvin
  2. Hi @jaykay, If you are withdrawing with a different method that you deposited your funds with, you may be asked to verify your deposit made to IG. You can upload that document on My IG > Live accounts > Verification. IG follows a Anti-Money Laundering policy If you are withdrawing your funds through the same method and up to the same amount you deposited you won't need to verify your card or bank account. If you are depositing funds from one card and withdrawing to another, or depositing from a card and withdrawing by bank transfer for example, you will be asked to verify your card and/or bank account. I hope that it helps. All the best - Arvin
  3. Hi @dan0809, If you were going short the dividend adjustment would have resulted in your account being debited. Let’s say you’re short two standard lots of Wall Street Cash at 9pm when there is a dividend adjustment of 2.9 points. Our Wall Street Cash price drops by 2.9 points, so your running P&L is increased by 2.9 x 2 x $10 = $58. We therefore debit your ledger with $58, to negate this rise in P&L. You can find more details here. I hope that it helps. All the best - Arvin
  4. Hi @Kodiak, Thank you for your message. I have raised the issue to the dealing desk it should be fixed by now. The expiry is by cash closing 20.59 UK time. All the best - Arvin
  5. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 21st February 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.
  6. S&P 500 OUTLOOK: Geopolitical tensions fuels volatility and weigh on risk assets The S&P 500 drops more than 2% on fears Russia could launch an offensive and invade Ukraine any moment Technical analysis suggests the S&P 500 could head lower in the coming days Most read: Dow, S&P 500, Nasdaq Price Forecasts - Bears Brewing as Risk Rise Volatility has been extreme on Wall Street this year. The Federal Reserve’s transition to a tighter monetary policy stance in response to soaring inflation has weighed on sentiment, prompting investors to de-risk their portfolios and shun bets on growth and tech plays amid rising Treasury rates. The simmering conflict in Eastern Europe has made matters worse, contributing to market anxiety and leading stocks to swing wildly with no clear direction. The current price dynamics highlight a key fact: geopolitical tensions are very difficult to trade, especially if the situation is fluid and ambiguous. Against this backdrop, the S&P 500's performance has been mixed this week, down 2.12% to 4,380 on Thursday on risk-off mood and flight to safety, after climbing roughly 1.7% in the previous two sessions. With the Russia-Ukraine standoff heating up by the hour, volatility will remain elevated and unpredictable, leaving markets at the mercy of the headlines that cross the wires. At this point, it is difficult to say how the crisis will unfold, but the United States and its allies seem convinced that President Putin may launch an offensive and give the order to invade Ukraine soon, perhaps in the "next several days." Although The Kremlin denies weighing on attack, satellite imagery and intelligence point to a continued buildup of Russian military forces in several locations near the Ukrainian border, a sign that an incursion is possible. To avoid being caught in losing positions, traders may want to wait out and limit directional speculation, at least until there’s concrete evidence diplomacy has created a détente or war has broken out. In any case, we should have more information in the coming days and weeks, but two possible scenarios are highlighted below: Russia invades Ukraine – A sharp downward reaction in stocks is likely, although energy stocks could hold up on the expectation that economic sanctions on Moscow could lead to a disruption in energy supplies and thus higher oil and natural gas prices. All in all, any pullback in the broader market may be transitory, as the crisis should not have a material impact on the global economy. Democracy prevails, Russia decides to continue dialogue - We could see a relief rally, oil prices could drop significantly as the geopolitical risk premium decreases. As frictions ease, monetary policy should come back into focus, with the Fed meeting in March closely watched. S&P 500 TECHNICAL ANALYSIS On Monday I talked about a double top formation in the S&P 500. The bearish pattern has been confirmed, suggesting that the index’s balance of risks is skewed to the downside, a situation that may pave the way for a move towards the 4,300 psychological level in the coming days. However, if dip buyers resurface and prices reverse higher, the first resistance to consider appears near the 200-day SMA and then at 4,490, this week’s high. If the S&P 500 manages to clear these hurdles, bulls may find momentum to drive the index towards 4,520, the 50% Fibonacci retracement of the January selloff. S&P 500 TECHNICAL CHART S&P 500 (SPX) Chart by TradingView EDUCATION TOOLS FOR TRADERS Are you just getting started? Download the beginners’ guide for FX traders Would you like to know more about your trading personality? Take the DailyFX quiz and find out IG's client positioning data provides valuable information on market sentiment. Get your free guide on how to use this powerful trading indicator here. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Diego Colman, Market Analyst, DailyFX 18 February 2022
  7. Hi @gss1, When you place a limit order your order will be filled at requested price or better. Since the current price was advantageous to buy the order was filled at a lower price at 523 instead of 538. If you would have sell at a higher price than your limit level as you would have sell for a higher price. If you want to open an order to buy or sell an asset at a price that is less favorable than the current market price, you would use a stop order. More details here. I hope that it helps. All the best - Arvin
  8. AUSTRALIAN DOLLAR TECHNICAL PRICE OUTLOOK: AUD/USD WEEKLY TRADE LEVELS Australian Dollar technical trade level update - Weekly Chart AUD/USD surges more than 3.3% off January lows- 2022 yearly open resistance in view Aussie resistance 7270, 7365/85 (key), 7531- Support 7129, 7066 (key), 6991-7016 (Major pivot) AUD/JPY resistance 83.67, 84.70 (key), 86 – Support 81.30, 80.32, 78.88-79.39 (critical) The Australian Dollar is attempting to mark a third consecutive weekly advance against the US Dollar this week with AUD/USD now eyeing resistance the objective yearly open. Likewise, AUD/JPY has already failed a test of yearly open resistance with a clean yearly opening-range now intact. Is this just a recovery or is a larger reversal underway for Aussie? These are the updated targets and invalidation levels that matter on the AUD/USD & AUD/JPY weekly price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Aussie technical setup and more. AUSTRALIAN DOLLAR PRICE CHART – AUD/USD WEEKLY Chart Prepared by Michael Boutros, Technical Strategist; AUD/USD on Tradingview Notes: In last month’s Australian Dollar Technical Forecast we note that, “The Australian Dollar recovery may be vulnerable while below the yearly open here. From a trading standpoint, the focus is on a break of the January range for guidance…” A decisive break below the monthly opening-range saw Aussie plunge more than 4.7% from the yearly high, back into a critical support pivot at 6991-7016- a region defined by the 2021 low, the 2018 lows, and the 2020 yearly open. The immediate focus is on this potential third-weekly rally off support- just a rebound or a larger reversal? Yearly-open resistance stands at 7270 backed by a more significant technical confluence at the 38.2% Fibonacci retracement of the 2021 decline / 2017 May low-week close at 7365/85- note that this threshold converges on the 2021 downslope into the open of Q2 with the 52-week moving average just higher at ~7420. Weekly-open support rests at 7129 with near-term bullish invalidation set to the monthly open at 7066- losses should be limited by these levels IF price is indeed heading for a breakout. Bottom line: The Australian Dollar recovery off key support at the 2021 lows is now approaching the objective 2022 early open- the focus is on a reaction into this zone IF reached. From a trading standpoint, a good region to reduce long-exposure / raise protective stops – losses should be limited by the monthly open with a breach / weekly close above the 52-week moving average needed to suggest a more significant low was registered last month. Review my latest Australian Dollar Price Outlook for a closer look at the near-term AUD/USD technical trade levels. For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy AUSTRALIAN DOLLAR TRADER SENTIMENT – AUD/USD PRICE CHART A summary of IG Client Sentiment shows traders are net-short AUD/USD - the ratio stands at -1.02 (49.45% of traders are long) – typically neutral reading Long positions are 6.90% lower than yesterday and 14.94% lower from last week Short positions are0.19% lower than yesterday and 1.85% higher from last week We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests AUD/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current positioning and recent changes gives us a slightly stronger AUD/USD-bullish contrarian trading bias from a sentiment standpoint. AUSTRALIAN DOLLAR VS JAPANESE YEN PRICE CHART - AUD/JPY WEEKLY Chart Prepared by Michael Boutros, Technical Strategist; AUD/USD on Tradingview Notes: A similar scenario can be seen on AUD/JPY with price now attempting to breach above its 52-week moving average at ~82.57. Monthly open support rests at 81.30 backed by the 2019 high close at 80.32- note that this level also represents the yearly opening-range lows and if broke could see a test of a more significant technical confluence at the November low-week close / 2021 yearly-open at 78.88-79.39 – look for a larger reaction there IF reached. A topside breach / close above the yearly open at 83.67 would keep the focus on the 2021 high-week close at 84.70 – a level of interest for possible topside exhaustion IF reached. We’ll touch base on this setup again soon- stay tuned. --- KEY AUSTRALIA / JAPAN / US DATA RELEASES Economic Calendar - latest economic developments and upcoming event risk. PREVIOUS WEEKLY TECHNICAL CHARTS Crude Oil (WTI) Japanese Yen (USD/JPY) Canadian Dollar (USD/CAD) Gold (XAU/USD) British Pound (GBP/USD) US Dollar Index (DXY) New Zealand Dollar (NZD/USD) Euro (EUR/USD) Follow Michael on Twitter @MBForex DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Michael Boutros, Technical Currency Strategist with DailyFX 18 February 2022
  9. The Standard Chartered share price has fallen 5% to 524p today as the first FTSE 100 bank to report earnings disappoints investors on missed estimates. But rising interest rates could see it recover soon. Source: Bloomberg Shares Standard Chartered Bank Interest rate Interest Interest rates Standard Chartered (LON: STAN) shares were worth as much as 723p in December 2019, before the covid-19 pandemic crash saw them sink to 337p by September 2020. But they had recovered to 571p last week, as the tantalising prospect of rising interest rates continues to grow. However, as CEO Bill Winters warns the pandemic's 'considerable challenges' means a turnaround could take 'longer than expected,' Standard Chartered shares have fallen to 524p today. Standard Chartered share price: full-year results Full-year results present a mixed picture for the bank. Pre-tax profit rose to £2.4 billion ($3.3 billion), double the £1.2 billion it made in 2020. However, an average profit estimate of 16 analysts compiled by the lender had previously forecast $3.8 billion, leaving Standard Chartered $500 million short of estimates. Moreover, the bank increased its staff bonus pool by 38% to $1.37 billion and is increasing the average salary by 4.8% in 2022. It argued that this increased pay reflects the normalisation of banking bonuses after a weaker 2020 and the need to up pay to retain staff in the face of the wider labour shortage. Across the Atlantic, similar pay rises at Morgan Stanley, JP Morgan, and Credit Suisse have all been justified with similar reasoning. And according to Lattice, 38% of UK companies were forced to turn down work due to staff shortages during the pandemic, while 73% of workers value work-life balance as their top employment priority. Banking’s long-held reputation for long hours could see the sector’s margins harder than most, as employee priorities continue to shift. But CEO Bill Winters argues 'confidence in our overall asset quality and earnings trajectory allows us to return significant capital to shareholders.’ Accordingly, the bank is spending $750 million on share buybacks, and has announced a 12 cents per share dividend for 2021, up from 8 cents in 2020. However, this hasn’t stopped Standard Chartered shares from falling today. And the bank’s share price has fallen 45% since the CEO took over in 2015. But to get back on track, it plans to cut annual expenses by $1.5 billion, as part of a previously untimetabled goal to hit double-digit returns by 2024. Overseas strategy Chairman Dr Jose Vinals believes that ‘Asia, our largest region, is poised to remain the fastest-growing area in the world.’ And Winters thinks ‘China is opening up at an accelerating pace, supporting the opportunities for which we have positioned for the past decade.’ Accordingly, Standard Chartered is investing a further $300 million into China, as it steps up competition for market share with larger rival HSBC. But Asian banks are also increasing salaries fast, with titan DBS Group reporting a 9% increase in staffing expenses to $1.46 billion in H2 2021. And it’s had to take a $300 million writedown on the value of its investment in China’s Bohai Bank, and a $95 million ‘management overlay’ as it expects further costs associated with the country’s troubled real estate sector. Moreover, with 30% of China’s GDP reliant on real estate, second-order contagion from the potential collapse of Evergrande could hit Standard Chartered operations hard. More widely, Standard Chartered expects to see rising profits from increasing globally rising interest rates. In the UK alone, the Bank of England has already raised the base rate to 0.5%, and HSBC predicts it could hit 1.25% by the end of the year. Chief UK economist at Capital Economics, Paul Dales, believes the current environment is ‘a recipe for more interest rate hikes, perhaps from 0.5 per cent now to 1.25 per cent this year and to 2 per cent next year.’ Similar hikes are expected across the developed world. Vinals thinks policy support will ‘scale back, as a number of central banks tighten policy to counter inflation leading to rising interest rates, and fiscal programmes are eased.’ And Winters concurs, highlighting the ‘significant opportunities emerging’ as ‘Government and Central Bank policies are in transition, creating volatility that can benefit our capital-lite Financial Markets and Wealth Management businesses…expected interest rate rises could add significant further upside to our income growth rate.’ Standard Chartered shares are falling today. The coming year could be a different story. 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 18 February 2022 02:19
  10. Hi @igreen, Thank you for your message, I have forwarded your request to add a RS tool on the IG charts to the relevant department. All the best - Arvin
  11. S&P 500, NIKKEI 225 INDEX, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 indexes closed -0.16%, +0.09% and -0.12% respectively January’s FOMC minutes delivered few surprises on the Fed’s tightening roadmap Asia-Pacific equities look set to open mixed. Crude oil prices pulled back on hopes for Iran nuclear talks S&P 500, FOMC Minutes, Crude Oil, Asia-Pacific at Open: The S&P 500 index ended Wednesday’s trading with a small gain as investors shrugged off Russia-Ukraine tensions after Moscow said that some troops were withdrawn from the border. President Vladimir Putin said that the country is seeking a diplomatic solution to resolve disputes with Ukraine, alleviating concerns about an imminent military conflict. In the near term, geopolitical risks remain in focus as the political skies are far from clear. President Joe Biden warned that the US has not verify Moscow’s claims and an invasion is still possible, leaving risk assets vulnerable to a pullback should the situation in Eastern Europe re-escalate. January’s FOMC meeting minutes shows that the central bank is preparing to raise interest rates and reduce the size of its bond portfolio soon. Fed officials also noted that “recent inflation readings had continued to significantly exceed the Committee’s longer-run goal and elevated inflation was persisting longer than they had anticipated”. This may pave the way for a faster pace of tightening, especially after January’s CPI readings exceeded market expectations. The Committee agreed that “it would soon be appropriate to raise the target range for the federal funds rate in light of elevated inflation pressure and the strong labor market”, hinting that a liftoff in March is on the table. Overally, the minutes didn’t deliver much of a surprise, and the tone seems to be more dovish-biased than the market had anticipated. Against this backdrop, equity market reacted mutely while the US Dollar extended lower, setting a mixed tone for APAC markets at open. Crude oil prices pulled back for a second day from their 7-year highs as tensions surrounding the Ukraine border cooled. Meanwhile, ongoing talks between Iran and world powers to revive the 2015 nuclear agreement reignited hopes for more crude oil supply from the Middle Eastern country, weighing on prices. WTI Crude Oil - Daily Chart created with TradingView Asia-Pacific stock markets look set to open mixed on Thursday. Futures in Japan, mainland China, Australia, South Korea, India, Thailand and Indonesia are in the green. Those in Hong Kong, Taiwan and Singapore are in the red. Australian jobs data beat market expectations on the upside, with 12.9k jobs added in January. But the amount is not substantial enough to alter the outlook for interest rate hikes. The Australian Dollar is little changed after the release of jobs data and the ASX 200 index is trading higher at open. Looking ahead, investors will be eyeing US initial jobless claims data for clues about the health of the labor market. Find out more from the DailyFX calendar. Looking back to Wednesday’s close, 7 out of 9 S&P 500 sectors ended higher, with 59.8% of the index’s constituents closing in the green. Energy (+0.76%), materials (+0.65%) and industrials (+0.52%) were among the best performers, whereas communication services (-0.20%) and information technology (-0.17%) trailed behind. S&P 500 Sector Performance 16-02-2021 Source: Bloomberg, DailyFX S&P 500 Index Technical Analysis The S&P 500 index may have entered a meaningful correction after breaching below an “Ascending Channel” as highlighted on the chart below. Prices have likely formed a “Double Top” chart pattern, which is commonly viewed as a bearish trend-reversal indicator. Immediate support level can be found at around 4,300 – the previous low. The MACD indicator is trending higher beneath the neutral midpoint, suggesting that a technical rebound maybe underway but the overall momentum remains weak. S&P 500Index – Daily Chart Chart created with TradingView Nikkei 225 Technical Analysis: The Nikkei 225 index breached below a “Symmetrical Triangle” pattern and thus opened the door for further downside potential. Prices are attempting for a rebound over the last two weeks, forming a higher high and a higher low. The lower trendline of the “Symmetrical Triangle” has now become immediate resistance. The MACD indicator is trending higher, suggesting that bullish momentum may be building. Chart created with TradingView ASX 200 Index Technical Analysis: The ASX 200 index returned to the range-bound zone between 7,200 and 7,500, riding a strong technical upswing. Prices have pulled back to the floor of the range looking for immediate support. The MACD indicator formed a bullish crossover beneath the neutral midpoint, suggesting that a technical rebound is underway. ASX 200 Index – Daily Chart Chart created with TradingView To contact Margaret, use the Comments section below or @margaretyjy on Twitter DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Margaret Yang, Strategist for DailyFX.com 17 February 2022
  12. Hi @Jeffch, With Broker to Broker transfer out your broker will need to contact our transfer team to get an update on the progress of the transfer. You can try to reach out to austransfers@ig.com but your shares already left your account. What happens is that your new broker and our broker agree on a date to transfer the shares. Therefore your broker should know when it was done. All the best - Arvin
  13. The AstraZeneca share price is rising as the British-Swedish pharmaceutical giant achieves record quarterly and full-year revenue. And innovative cancer treatments could see it strike a new high in 2022. Source: Bloomberg Shares AstraZeneca COVID-19 vaccine Environmental, social and corporate governance Revenue Cancer AstraZeneca (LON: AZN) shares struck a record high of 9,444p on 11 November, just three months ago. But on 4 February, they had fallen to 8,282p as a combination of inflationary and geopolitical factors caused a wider market dip. But AstraZeneca is now back to 8,917p as a synergistic cocktail of excellent results combined with a successful trial of its new cancer drug sets the share price up for a full recovery. AstraZeneca share price: Full-year results The drug maker’s revenue rose 41% to a record $37.4 billion last year. Almost $4 billion came from its covid-19 pandemic jab, Vaxzevria, after AstraZeneca moved away from not-for-profit pricing last November. In Q4 alone, revenue rose 62% to $12 billion, a quarterly record. CEO Pascal Soriot told investors that ‘AstraZeneca continued on its strong growth trajectory in 2021, with industry-leading R&D productivity, five of our medicines crossing new blockbuster thresholds, and the acquisition and integration of Alexion.’ He also highlighted the ‘broad and equitable access to our COVID-19 vaccine with 2.5 billion doses released for supply around the world.’ And the company ‘saw double-digit growth in all major regions, including Emerging Markets despite some headwinds in China.’ Accordingly, AstraZeneca has increased its dividend for the first time in a decade to $2.87 and plans to raise it further to $2.90 going forward. And it’s targeting a revenue increase to $40 billion in 2022. However, the pharmaceutical giant made an annual loss of $265 million in 2021, compared to its profit of $3.9 billion in 2020. But this was due to its $39 billion acquisition of rare diseases expert Alexion in July 2021, and a 62% increase in research spending to a whopping $9.7 billion. And this spending could see dividends rise even further. Source: Bloomberg Ethical investing? Environmental, Social, and Governance (ESG) investing has become an increasingly important consideration for investors. While a personal judgment call, many hesitate to invest in drugmakers. However, AstraZeneca has several ESG points in its favour right now. AstraZeneca has been called the ‘jewel in the crown’ of the UK covid-19 jab campaign. The sobriquet has also been applied to Cambridge-based neighbour Arm; the microchip designer slated for a near-future Initial Public Offering. While worlds apart in terms of business, both share a common factor rare amongst FTSE 100 constituents. They innovate. The AstraZeneca jab is the most widely used worldwide outside of China. Soriot has highlighted how the company has ‘delivered 2.6 billion doses of the vaccine and you have saved 1 million lives around the world and of course enabled the economies in many countries to restart.’ And jab co-creator Sir John Bell thinks that misinformation spread by scientists and politicians about the company’s vaccine has ‘probably killed hundreds of thousands of people.’ Potentially even more lives could have been saved. And the $4 billion AstraZeneca has derived from covid vaccine sales was dwarfed by the $37 billion generated by Pfizer from its offering. While AstraZeneca has now abandoned its not-for-profit covid approach, it’s still offering tiered pricing for lower-income countries. And it’s developed a new antibody-drug Evusheld, used in emergencies to treat immunocompromised patients who can’t be vaccinated. And outside of covid-19, the company’s innovation is saving lives even more lives, having developed 13 ‘blockbuster’ medicines which generate more than $1 billion in sales every year. Most recently, phase III trial results for its oncology drug Lynparza demonstrate it could help delay prostate cancer. The second-most common cancer kills 375,000 men annually. In the UK alone, 52,254 are diagnosed every year. Executive Vice-President of oncology, Susan Galbraith, believes Lynparza will give patients ‘more time without disease progression while maintaining quality of life.’ For context, while 98% of patients survive ten years after treatment, side effects include erectile dysfunction, infertility, and bladder problems. Jefferies analysts believe the potential market value in the US alone could be worth a ‘significant commercial opportunity’ of between £2.2 billion and £3.7 billion. The company’s oncology division already accounts for a third of annual revenue. With record-breaking revenue and heavy R&D investment, the AstraZeneca share price could soon hit a new high. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 17 February 2022
  14. The IAG share price could soar soon as global travel restrictions continue to loosen. But rising interest rates, oil prices and a potential demerger continue to weigh on the FTSE 100 airline owner. Source: Bloomberg Shares Commodities International Airlines Group Price United Kingdom Airline The IAG (LON: IAG) share price is up 4% today to 172p, largely recovering from the dip at the start of the week. It’s up 20% since the start of the year. And in just 10 days, the British Airways and Iberia owner is reporting 2021 full-year results. IAG shares could soon be at cloud 9 or sinking back to covid-19 pandemic lows. IAG share price: shifting geopolitics The tension between Russia and Ukraine is wreaking havoc on markets worldwide. Russia has surrounded Ukraine with over 145,000 troops as it seeks a guarantee that it will not join NATO. Ukraine has refused to give up this sovereign right. US President Biden has warned an invasion could happen ‘any day’ but agrees with UK PM Johnson that a ‘crucial window for diplomacy’ remains open. If war erupts in Eastern Europe, all airlines, including IAG will be hit hard. But this central story has hidden important developments concerning travel restrictions across the developed world. Four days ago, Health Secretary Sajid Javid announced that fully vaccinated travellers to the UK no longer need to take a covid-19 test upon arrival. Spain has also dropped its demand for travellers aged 12-17 to be fully vaccinated. 12.3% of the country’s GDP is derived from tourism, and the rule has kept many families from holidaying in the country. In France, the requirement for fully vaccinated travellers from the UK to France to take a pre-departure test has been lifted. And in Norway, almost all restrictions have been dropped, with PM Jonas Gahr Store saying ‘the covid-19 pandemic is no longer a great threat to the health of most of us…we can return to normal everyday life.’ Next week, Australia is reopening to vaccinated tourists for the first time in nearly two years, following the USA’s example from November last year. It appears that vaccination success and domestic financial pressures are now outweighing concerns over the Omicron variant. Source: Bloomberg IAG share price concerns There are two long-term concerns for the IAG share price. The first is the rising threat to profit margins coming from increasing costs and competition. The UK’s Consumer Prices Index inflation rate is currently at 5.4% and is expected to rise. The Bank of England has responded by increasing the base rate to 0.5%, and markets are pricing in an increase to 1.25% by the end of the year. IAG is sitting on a €12 billion debt pile that is only going to become more expensive to maintain. Meanwhile, Brent Crude is at a multi-year high of around $94. The Bank of America predicts it could hit $120 a barrel by June. As almost every plane in the sky uses oil to fly, IAG may need to increase ticket prices to maintain margins. But there is a cost-of-living crisis engulfing developed nations that could see demand for tourism fall at current prices already. And competitors including Ryanair are cutting fares in the first sign of what could become a price war. The second is the eventual result of ongoing talks between the UK and EU on the post-Brexit settlement, which could see EU airline ownership rules reinstated. According to EU regulations, which were suspended post-Brexit, airlines operating in the bloc must be ‘owned and controlled’ by EU companies. HSBC analyst Andrew Lobbenberg says that Germany and France are pursuing a reinstatement of this rule, which would force IAG to spin off British Airways into a separate company. As Lobbenberg explains ‘National interests are ever present in the airline industry…the commercial interests of Air France-KLM and Lufthansa would unquestionably be supported by adding new strategic challenges to IAG.’ He does say that Spain, Ireland, and Hungary would argue in favour of the current status quo. However, this leaves the IAG share price at the mercy of political negotiations that have not always worked out in the UK’s interests. IAG was aiming to reach 60% of pre-pandemic passenger levels by end of 2021. In ten days, investors will find out if this target was met. And outlook guidance for 2022 could potentially forecast a return to pre-pandemic capacity levels soon. The IAG share price was worth 623p just before the pandemic struck. It could be flying back to this price point shortly. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 16 February 2022
  15. Hi @mondrian, Thank you for your feedback. Effectively you can save indicators and layout and the platform will automatically save the interval you were using previously. But, there is no way to link a layout to a specific interval. I forwarded your feedback to the relevant department. All the best - Arvin
  16. Hi @mondrian, I have forwarded your feedback to the relevant department to be reviewed. All the best - Arvin
  17. Hi @clarkeif, Are you still experiencing issues with the platform? Thank you - Arvin
  18. Hi @harpalss, I believe that the stock is subject to 37% withholding tax hence the dividend received might differ from what was expected. Feel free to reach out to helpdesk.uk@ig.com for further assistance. All the best - Arvin
  19. Hi @Sanchi, The minimum deposits are the same as your normal account. You will find it on My IG > Live accounts > Deposits. All the best - Arvin
  20. Volatility remains heightened, as investors brace for the impact of Russia-Ukraine tensions. Source: Bloomberg Price of oil Gold Russia Indices Commodities Risk Markets are preparing for the risk of war in Europe, and it’s adding to the complex of issues driving uncertainty and volatility in global markets currently. From a humanitarian point of view, international relations experts suggest this could be catastrophic. For the markets, the concern is about the impact such a conflict will have on fragile energy markets, Europeans economic growth, and the broader financial system if sanctions are slapped on Russia. Here are 4 key markets that may experience volatility around this event. Oil The oil price has hit a fresh 7-year as a heft risk premium gets baked into the market because of risks a conflict between Russia and Ukraine would disrupt further global energy markets. Price has broken trendline resistance right now, with the daily RSI climbing back above the 70 mark. The beginning of a war in Europe this week would certainly see oil prices shoot higher. However, in the event such a thing fails to materializes, oil prices could plunge, making for a high risk, high reward short opportunity. Source: IG Gold If Russia invades Ukraine, it will come with sanctions that will see the country all but locked out of the global financial system. For many, stores of value will be required, and the Russian central bank might be forced to sell Dollars and increase its gold reserves. The anticipation of this dynamic is pushing gold to the top of its symmetrical triangle pattern, and potentially spark a break-out for the yellow metal’s price. The key levels to watch if this occurs are around $US1875 and $US1920. Source: IG EURUSD The EURUSD is giving up its post ECB gains of a fortnight ago as traders factor in the growth impacts of war in Europe. Price has broken through support at the 100-day MA, and is finding fresh support at the 50 and 100 day MAs. Although the ECB would be unlikely to change policy on the basis of an attack – it would probably exacerbate Eurozone inflation – the greater risk to European assets is driving flow into safe havens in the US and Japan. A break of the 20 and 50 day MA would open a challenge of support of 1.1260 potentially, while the next level of resistance is 1.1375. Source: IG DAX A war in Ukraine would be highly deleterious to German stocks. The impact would be somewhat stagflationary, in that it would prove a hit to both growth and inflation, as Germany falls out with its key energy importer, and lead to tighter monetary policy from the ECB because higher inflation. Momentum is already trending to the downside. Outright war would mean the DAX could make another challenge of support at the key 15,000 level Source: IG Kyle Rodda | Market Analyst, Australia 15 February 2022
  21. Hi @kevinhi_au, Afterpay Limited (APT) (Afterpay Limited) have entered into a Scheme Implementation Deed (SID) with Square, Inc. (Square) which a Corporate Actions (CA) The Block shares have been issued as a result. When there is a CA the CA Team will book shares at the level price of 0. You will need to edit your book cost. To do so please follow the guide on : https://www.ig.com/au/help-and-support/investments/share-trading/how-do-i-edit-my-book-cost I hope that it helps. All the best - Arvin
  22. NASDAQ 100,HANG SENG INDEX, ASX 200 INDEX OUTLOOK: Dow Jones, S&P 500 and Nasdaq 100 closed -0.49%, -0.38%, and +0.10% respectively Rising geopolitical tensions and concerns about a faster pace of Fed tightening weighed on sentiment Asia-Pacific markets look set to open mixed. Crude oil prices climbed to fresh 7-year highs Nasdaq 100, Hang Seng Index, Crude Oil, Inflation, Asia-Pacific at the Open: US markets ended broadly lower on Monday, but technology shares bucked the trend and finished mildly higher. Tesla (+1.83%), Nvidia (+1.33%) and Amazon (+1.22%) were among the best performers in the Nasdaq 100 index. Investors mulled heightened geopolitical tensions between Russia and Iran after US National Security Adviser Jake Sullivan said on Friday that an imminent invasion is possible. Crude oil prices surged to fresh 7-year highs as traders worried about supply disruption between Russia and the European Union if the situation deteriorate further. Rising crude oil prices spurred inflation concerns and may urge the Fed to tighten monetary policy at an accelerated pace. Fed bank of St. Louis President James Bullard said on Monday that the central bank needs to “front-load” rate hikes to restore its credibility and contain inflation. “We’ve been surprised to the upside on inflation. There is a lot of inflation”, he said during a TV interview. Recently, Fed officials have become more hawkish-biased after a much stronger-than-expected nonfarm payrolls report and inflation readings in January, which underscored a tight labor market and rising wage pressures. This may urge the central bank to consider a 50bps rate hike in March and even a move in between scheduled policy reviews. The prospect of a faster pace of rate hikes may continue to weigh on equity prices, especially the rate-sensitive technology and real estate sectors. Top 10 Stocks Daily Performance in The Nasdaq 100 Source: Bloomberg, DailyFX The PBOC is expected to roll over its medium-term loans maturing this week, but a second consecutive rate cut is unlikely, according to a Reuters poll. The central bank will likely issue 200 billion yuan of medium-term lending facility (MLF) loans on Tuesday, matching the amount maturing on Friday. Last month, the PBOC surprised market by cutting the rate on one-year MLF by 10bps to 2.85% from 2.95%, showing its easing stance. Asia-Pacific markets look set to open on the back foot following a tepid US session. Futures in Japan, Australia, mainland China, Hong Kong, South Korea, Taiwan, Singapore, Thailand and Indonesia are in the red, whereas those in Malaysia and India are in the green. Looking ahead, UK jobs report dominates the economic docket alongside Euro area GDP growth rate. Find out more from theDailyFX economic calendar. Hong Kong’s Hang Seng Index (HSI) fell for a second day as investors mulled rising domestic Covid-19 cases and stricter social distancing measures. Economists foresee Hong Kong’s retail sales growth to drop to 0% in 2022 from 8.1% in 2021. Meanwhile, unemployment rate may rise to 4.9%.Exchange data showed that HKD 2.47 billion have fled from Hong Kong on Monday via stock connections, marking a 3rd consecutive session of net outflow (chart below). This suggests that mainland investors have turned bearish on Hong Kong stocks in the near term, rendering them vulnerable to a technical pullback. Southbound Flow vs. Hang Seng Index Source: Bloomberg, DailyFX Nasdaq 100 IndexTechnical Analysis The Nasdaq 100 index is trending lower within a “Descending Channel” as highlighted on the chart below. An immediate support level can be found at around 14,180 – the 61.8% Fibonacci extension. Failing to hold above this level would bring the next support level of 13,740 into focus. The MACD indicator is about to form a bearish crossover beneath the neutral midpoint, suggesting that the overall momentum remains weak. Nasdaq 100 Index– Daily Chart Chart created with TradingView Hang Seng Index Technical Analysis: The Hang Seng Index (HSI) breached above a “Falling Wedge” pattern from the upside. Prices have reversed lower to test the upper trendline for support, holding above which may pave the way for further upside potential. An immediate resistance level can be found at around 24,900 – the 127.2% Fibonacci extension. Breaching above this level may expose the next resistance level of 25,600. The MACD indicator is trending higher above the neutral midpoint, underscoring bullish momentum. Hang Seng Index – Daily Chart Chart created with TradingView ASX 200 Index Technical Analysis: The ASX 200 index returned to the range-bound zone between 7,200 and 7,500, riding a strong technical upswing. Prices have pulled back to the floor of the range looking for immediate support. The MACD indicator formed a bullish crossover beneath the neutral midpoint, suggesting that a technical rebound is underway. ASX 200 Index – Daily Chart Chart created with TradingView To contact Margaret, use the Comments section below or @margaretyjy on Twitter DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Margaret Yang, Strategist for DailyFX.com 15 February 2022
  23. British American Tobacco has launched a share buyback programme and is seeing growth from vaping. Are the shares worth buying? Source: Bloomberg Shares Electronic cigarette Tobacco British American Tobacco Environmental, social and corporate governance Share repurchase British American Tobacco British American Tobacco PLC (LSE) has unveiled a bumper share buyback programme worth £2bn. Like a number of other large UK companies, including Shell and Unilever, the tobacco company is returning cash to shareholders by buying up its own shares, thereby boosting the share price by reducing the supply. Shares in BAT rose 3% to 3368.5p on Friday. Despite the benefits for investors, when companies return large amounts of cash to shareholders, analysts sometimes complain that this is a sign that they have run out of ideas. “You worry that buybacks are just a screen for a lack of strategy,” said Neil Wilson, an analyst at Markets.com. “Investors want to see more of a deliberate attempt to unlock value.” However, tobacco companies typically generate lots of cash and BAT is seeing growth from its non-combustible products or e-cigarettes. ESG concerns over tobacco investments Tobacco is obviously an unpopular sector with ESG (Environmental Social Governance) investors, meaning some funds are unable to buy the shares. Yet the company now claims it is now putting the environment and sustainability front and centre of its business. “Putting ESG at the heart of our strategy and corporate purpose is delivering sustainable growth, encouraging more consumers to transition to reduced risk products and reducing the health impact of our business,” said chief executive Jack Bowles in BAT’s full-year results statement last week. “We are also on track to achieve our other ESG targets, including carbon neutrality from our operations by 2030.” British American Tobacco has even trademarked the phrase ‘A Better Tomorrow’ in relation to its non-combustible or vaping products. Is the tobacco sector lighting up again? While the light may be going out of the cigarettes market, the company is seeing growth in its new product categories. BATs saw 50% growth in its non-combustible - or vaping - market last year and expects the category to bring in £5bn of annual sales by 2025. The company reached 18.3m e-cigarettes customers in 2021, an increase of 4.8m, and aims to have 30m customers by 2030. Adjusted revenues in the category rose 50% last year to £2bn, however the business remains loss-making, with losses down 9% to £100m for the full-year. Total adjusted revenues increased by 6.9% to £25.7bn, with 4% revenue growth in tobacco sales, driven by a strong performance in emerging markets. Global tobacco industry volumes are expected to decline by 2.5% in 2022. However, the company expects to generate £40bn of free cash flow before dividends over the next five years, with cash conversion – the rate at which profits are converted into cash – in excess of 90%. Are BAT’s shares enjoying a revival? Despite BAT’s hopes, some analysts doubt that tobacco shares will ever make it into socially responsible investment portfolios. “Tobacco - even without combustion - [is] still too difficult to explain to fund investors,” Panmure analyst Rae Maile said in a recent note. Meanwhile, US regulators have been cracking down on vaping due to concerns over lung disease, although the NHS advises that e-cigarettes are less harmful and that using them can help smokers quit. Still, the shares are enjoying something of a comeback - up 25% this year to 3368.5p, and up 33% from 2530p in August. Besides the company’s success in vaping, the rise is also most likely due to the fact tobacco shares are a good hedge against inflation. Their customers are likely to continue smoking, no matter the price hikes or pressure on their pockets. Back in March 2017 BATS shares hit 5530p – in the last 10 years they have never closed the day past this figure. While it’s unlikely the shares might revisit those levels any time soon, they are worth buying for the share buyback programme and current momentum in e-cigarettes. Analysts at Jefferies have set a price target of 3900p. 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 IG Analyst 15 February 2022
  24. Disney’s share price is at $150, just $2 shy of its pre-pandemic high. Rising Disney+ subscriber numbers combined with pent-up park demand could see it soar. Source: Bloomberg Shares The Walt Disney Company Bob Chapek Streaming media Revenue Netflix The Disney (NYSE: DIS) share price has had a volatile couple of years. It was worth $152 in November 2019, before collapsing to $86 in March 2020 at the tail end of the covid-19 pandemic-induced crash. But it then rose to $197 by 12 March 2021. However, it’s since been steadily falling to $137 last month. But it’s now recovered to $150 as investors cheer excellent Q1 results. Disney share price: streaming success After the horror show that was last month’s Netflix results, Disney investors looked towards earnings with some trepidation. BMO Capital Markets analyst Daniel Salmon said Disney is now experiencing a ‘deserved relief rally,’ and outperformed ‘on its most important metrics, especially Disney+ subs in the face of increased investor skepticism of the streaming model of late.’ But fortunately, the entertainment juggernaut’s results were excellent. Revenue soared 34% year-over-year to $21.8 billion, $900 million more than the Refinitiv average analyst expectation. Meanwhile, free cash flow increased 74% to $1.2 billion. CEO Bob Chapek commented ‘We’ve had a very strong start to the fiscal year, with a significant rise in earnings per share, record revenue and operating income at our domestic parks and resorts.’ He also highlighted the success of new franchise ‘Encanto,’ as well as ‘a significant increase in total subscriptions across our streaming portfolio to 196.4 million, including 11.8 million Disney+ subscribers added.’ For context, Netflix only expects to add 2.5 million subscribers in this current quarter. And Disney+ is key to the company’s continued success. Total subscriber numbers are now at 129.8 million, significantly above the StreetAccount estimate of 125.75 million. And in the crucial US and Canada region, average revenue per user rose to $6.68 per month from $5.80 a year ago. Moreover, the company expects subscriber growth for Disney+ to be stronger in the second half of the year, with more original content slated for Q4. And Chapek expects 230 million to 260 million Disney+ subscribers by 2024, telling investors ‘we do not subscribe to the belief that theatrical distribution is the only way to build a Disney franchise.’ And in an interview with CNBC, Chapek said Disney is bidding for the NFL Sunday Ticket, perhaps in response to Amazon ten year deal to present Thursday Night Football. But while Spiderman: No Way Home is close to the biggest US domestic release ever, the global box office has not yet recovered fully from lockdowns. And there are no guarantees it ever will. The US’s largest cinema chain AMC has a crippling $5 billion pile of debt. But Disney is creating multiple streaming shows centred around core brands like Star Wars and Marvel, creating a new way to hook in new cinemagoers. And Wells Fargo analyst Steven Cahall has a $196 target on the stock, arguing ‘confidence in Disney+ awakens … The company is doing and saying all the right things to make fiscal year 2024 guidance.' Source: Bloomberg Walt Disney Resorts Meanwhile, revenues from parks, experiences and consumer products rose 100% year-over-year to $7.2 billion, while operating results hit $2.5 billion compared to a $100 million loss the year before. The pandemic had impacted the parks business ‘significantly,’ as most were left unable to open but with continued fixed costs. But now, Disney is benefitting from the pent-up demand, as its ‘domestic parks and experiences are generally operating without significant mandatory COVID-19-related capacity restrictions.’ Macquarie analyst Tim Nollen has now put a $185 target due to its ‘great quarter, led by Disney+ subs and parks.’ However, according to CFO Christine McCarthy, flagship Florida Disney World has yet to see a return of international travellers. And consumer products revenue fell 8.5% to $1.5 billion, as many of its Disney branded retail stores closed in 2021. And with the US Consumer Prices Index inflation rate at 7.5%, Disney may see consumers cut back on park experiences. Disney is a luxury brand, and the cost of flights, tickets and accommodation makes it a once-in-a-lifetime trip for many international visitors. Meanwhile, the battle for the streaming dollar is likely to intensify. But Chapek has ‘great confidence we will continue to define entertainment.’ And the company is the seventh most powerful brand in the world. With the Disney share price at its pre-pandemic level. It could have much further to go. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020). Charles Archer | Financial Writer, London 15 February 2022
  25. Hi @Sartois, Your request has been submitted to the dealing desk. Thank you - Arvin
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