Jump to content

ArvinIG

Community Member
  • Posts

    1,728
  • Joined

  • Last visited

  • Days Won

    23

Everything posted by ArvinIG

  1. Tilray shares have spiked twice already; after its IPO in 2018 and during the meme stock craze early last year. But what are the long-term prospects for this divisive cannabis stock? Source: Bloomberg Shares Tilray Cannabis United States Medical cannabis Aphria The Tilray (NASDAQ: TLRY) share price has seen better days. When it launched its Initial Public Offering at $17 a share back in July 2018, it was the first cannabis cultivator to raise capital on the NASDAQ. At the time, marijuana companies were regarded as significant investment opportunities, allowing investors to get in on the ground floor of the next British American Tobacco or Imperial Brands. By mid-October, the Tilray share price had skyrocketed to $148, coinciding with Canada’s recreational use legislation. US Federal approval seemed imminent. Along with a dozen other US competitors, Canadian rivals Canopy, Aurora, and Aphria all joined Tilray on US stock exchanges. This created an oversaturated market, while the company was spending money it didn’t have, hoping to expand across the US. But predicting legislative change is a fickle business. While Colorado and Washington had legalised recreational cannabis in 2012, the Federal government is still to act. Entering free-fall, Tilray fell 97.5% to a covid-19 pandemic-induced $3.65 a share on 20 March 2020. And after spiking to $64 in February 2021, it’s trading at around $7 today. According to the Federal 1970 Controlled Substances Act, marijuana is banned across the US for its high potential for abuse and lack of potential medical potential — but medical use is now authorised in 36 states, while recreational use is expressly legalised in 18 and decriminalised in 13. This grey area in US law, currently regulated by the Rohrabacher-Farr amendment, may take years to resolve. Tilray share price: FY22 Q2 earnings Chairman and CEO Irwin Simon believes that ‘our second quarter performance reflects notable success.’ And the numbers back him up. Revenue increased 20% year-over-year to $155 million from $129 million, However, according to Refinitiv, the company still missed the average analyst revenue estimate of $170.55 million. But encouragingly, cannabis revenue rose 7% to $58.8 million, on a margin of 43%. And net income rose to $6 million from a net loss of $89 million compared to the same quarter last year. Reassuringly for long-term investors, adjusted EBITDA of $13.8 million represented an 8% growth quarter-on-quarter and the eleventh consecutive quarter of growth. Moreover, due to its May merger with Aphria, ‘cost synergies’ hit $70 million on a run-rate basis. And Tilray expects to reach its $80 million target ahead of schedule in May 2022, and save an additional $20 million in FY23. Source: Bloomberg Tilray's future Simon has emphasised Tilray’s market-leading position in its CAD$4.26 billion market home, ‘despite market saturation and related competitive challenges.’ But the real challenge for Tilray is in its expansion across the US and European single markets. And the company has good news on this front. In the US, its Sweetwater brewing business acquired craft-beer brands Alpine Beer and Green Flash Brewing. Tilray also bought Breckenridge Distillery; together it hopes the brands will strengthen its ‘strategic alcohol position’ in the country, as net beverage alcohol revenue hit $13.7 million. Meanwhile, revenue from wellness business Manitoba Harvest hit $13.8 million. And Simon believes ‘these profitable businesses further provide an opportunity to launch THC-based products upon federal legalization in the U.S.’ And the company has also taken a majority position in US-based cannabis operator MedMen, which it sees as a ‘critical step towards delivering on its objective of leading the U.S. cannabis market upon federal legalization.’ Meanwhile, its EU operations are worth ‘potentially $1 billion’ for the company. While it has just signed a medical cannabis agreement with Luxembourg, Simon highlighted Tilray’s 20% market share in Germany, ‘Europe’s largest and most profitable medical cannabis market.’ He believes the company can ‘capture the adult-use market as (recreational) legalization accelerates under the new coalition government.’ And it’s the only operator with two ‘state-of-the-art EU GMP certified cultivation facilities’ in Europe, with the capacity to ‘immediately support entry into the recreational market upon legislation.’ Tilray is planting seeds of hope for investors, based on its belief that new recreational cannabis legislation is imminent. But in its biggest potential market, politicians might quietly prefer the status quo, keeping the decision at state level. If this changes, the cannabis operator would be the market leader in a sector worth billions. If not, the Tilray share price might stay in the weeds. 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 12 January 2022
  2. Hi @Bennietheball, Bacanora Lithium is available to sell only during trading hours. You should be able to sell your shares when the market is open. Feel free to call IG for further assistance. All the best - Arvin
  3. Hi @fxlapt, Any transaction/ trade will occur a commission as above table. To completely eliminate any partial fill you can chose the execute & eliminate, but it is possible that your order is not completely filled. Otherwise you will need to buy the stock at current price if the quantity is available to avoid partial fills. If you need further assistance feel free to reach out to helpdesk.uk@ig.com or use the live chat feature on our website. All the best - Arvin
  4. Hi @Sumanta, It seems that Ford is not on the Demo account server. The IG live and Demo accounts are separated so it is possible that some stock are not reflecting. As for TDOC it is not on the live platform. You can request for TDOC to be added on this thread: - Arvin
  5. Hi @DCheng, Unfortunately you would be able to access more than a month worth of data for FTSE 100. You can alternatively import data to MT4 is you can access it somewhere else. All the best - Arvin
  6. Hi @Jill_1984, Thank you for your message. It seems that your account is requiring further confirmation. Please reach out to newaccountenquiries.uk@ig.com as the account opening team have full access to your application and what is required. All the best - Arvin
  7. Hi @Sumanta, Ford Motors is available on our CFD and Share dealing accounts: On a live account you can also ask for stocks to be added. I hope that it helps. All the best - Arvin
  8. Hi @Sumanta, That is correct, the data feed will only be available for live accounts as the demo account is free, we wouldn't charge a client to access live data on a demo account. All the best - Arvin
  9. As the Eurozone’s annual inflation rate hits 5%, the European Central Bank remains firmly opposed to interest rate rises. But as energy prices continue to spike, the pressure to act could become unbearable. Source: Bloomberg Forex Commodities Inflation Euro Germany European Central Bank According to the Bank of International Settlements, EUR/USD is the most traded major currency pair in the world, making up 24% of all trades. And it’s not hard to see why, as it encompasses the two largest market economies in the world— the USA and the European single market. The Bank of England estimates that the EUR/USD saw an ‘average daily turnover of $913.6 billion in April 2021, reaching all-time highs.’ But right now, 55% of IG clients are long on the pair, as significant uncertainty continues over whether the US dollar or the Euro will strengthen first. EUR: record-breaking inflation Eurozone inflation hit 5% in December, a second record high after November’s figure of 4.9%. And with energy costs soaring 26% over the past year, it’s now consistently higher than the ECB’s 2% target. And the inflation spike comes as the Omicron variant washes over Europe, forcing new restrictions that could send inflation even higher. But President Christine Lagarde is defying intensifying pressure to increase interest rates, with some newspapers now labelling her as ‘Madam Inflation’ and ‘Luxury Lagarde.’ And the energy crisis appears to be worsening. In the week before Christmas, futures contracts linked to wholesale gas prices soared to a record high of €180 per megawatt, causing ships carrying liquefied natural gas (LNG) bound for Asia to change course mid-voyage. And while Rystad Energy consultancy estimates that the 7.3 million tonnes of LNG delivered to Europe in December helped to stabilise prices at €90 per megawatt-hour, this figure is still up 350% in a year. As confrontation with Russia over Ukraine persists, the consultancy predicts ‘continued elevated prices.’ And it’s not alone in this prognostication. HSBC economist Fabio Balboni expects ‘wholesale gas prices to stay high until the spring of 2023,’ while CIO of BRI Wealth Management Dan Boardman-Westman believes ‘energy is going to continue to drive inflation up over the coming months.’ And French Finance Minister Bruno Le Maire thinks electricity price rises of up to 40% are coming ‘if we don’t find a solution in the coming days,’ while Poland has already VAT on car fuel after inflation hit a 21-year high of 8.6%. Source: Bloomberg German energy crisis But arguably, Germany is facing larger struggles than its EU counterparts. Finance Minister Christian Linder believes ‘we have to do something’ over household heating costs. However, Germany’s new Chancellor, Olaf Scholz, has a significant problem when it comes to energy. As part of Angela Merkel’s popular post-Fukushima ‘Energiewende’ timetable, the country is completely shutting down its remaining three nuclear power stations by the end of this year. And according to the US Energy Information Administration, Germany is the largest energy consumer in Europe, with imports accounting for 71% of its energy use. In 2019, petroleum accounted for 35% of the country’s energy consumption, natural gas represented 25%, and coal 18%. Moreover, nuclear power represents 12% of its domestic energy generation— and this will need to be replaced with either more fossil fuels or other renewables. The country aims for consumed electricity from renewables to hit 65% by 2030, and 100% by 2045. The latter target is five years faster than both the EU and UK. But Agora Energiewende estimates that Germany will need about 1,000 terawatt-hours of power by 2045, about double Germany’s consumption in 2020. The gap between future energy requirements and current energy generation is widening, leaving Germany open to spiralling import costs. This nuclear issue has opened a political rift between the Union’s two largest economies. The European Commission has issued a draft proposal to label nuclear energy as a green source of energy under its carbon-neutral plans. The proposal is strongly supported by France, where over 70% of energy is nuclear-powered, but Germany’s Environment Minister Steffi Lemke believes it would be ‘absolutely wrong’ to include nuclear in the plans because it can ‘lead to devastating environmental catastrophes.’ However, Michael Liebriech, Chairman of Liebriech Associates, has called Germany’s nuclear shutdown an ‘epic, epic mistake’ and ‘a climate crime.’ The country’s Europe Minister Anna Luehrmann has stated that the two nations will ‘agree to disagree,’ accepting that ‘we are not the majority in Europe.’ With the Eurozone’s largest economy likely to become even more reliant on imported energy, inflation is likely to soar through 2022. And with EU member states disagreeing on its common energy policy, pressure on the ECB to raise rates could soon reach maximum intensity. 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 11 January 2022
  10. Hi @SHAREALOT1, The book cost of your share will change when there is a corporate action such as a consolidation. You can edit your book cost by following the link below: https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/how-do-i-edit-my-book-cost All the best - Arvin
  11. Hi @Spackle1017, If you can't find a stock or ETF you would like to trade. You can submit a request on this page: it will be submitted to the dealing desk to be added. All the best - Arvin
  12. Uranium is unloved due to its affiliation with nuclear disasters. But with its spot price surging amid political unrest in global supply leader Kazakhstan, some uranium stocks could soar. Source: Bloomberg Shares Commodities Uranium Nuclear power Nuclear reactor Kazakhstan Uranium has historically been an unpopular commodity amongst investors compared to alternatives such as gold, platinum or silver. And it’s not hard to see why. Due to its radioactive nature, it’s impossible to buy the material directly and take physical possession. And many appreciate the safety of physically owning their commodities. But the true source of its unpopularity is its close association with nuclear energy, and the destruction wrought since the closing days of the Second World War. In Japan, Hiroshima, Nagasaki, and Fukushima continue to breed distrust of the energy source. Japan’s nuclear power usage has fallen from 30% prior to the meltdown to around 7.5% today. But it’s still planning to increase it to 20% by 2030. And this speaks volumes about the future of nuclear energy. And North of Ukrainian capital Kyiv lies the 1,000 square mile Chernobyl nuclear exclusion zone. Like Fukushima, its nuclear reactor meltdown saw a terrible loss of human life. It also cost an estimated $68 billion to contain. Together these disasters changed the way the world viewed the safety of nuclear power. Germany plans to shut down all nuclear reactors by the end of this year. And Australia, which has the largest uranium reserves in the world, has a complete ban on nuclear power stations. Best uranium stocks: a changing world But fossil fuels will run out by 2060. Difficult decisions around the future of energy will need to be made soon. According to the US International Energy Agency, global energy demand has trebled between 1980 and 2018, and electricity demand is rising faster than renewables can keep up. Moreover, in the wake of the COP 26 climate change summit, governments and corporations are pursuing net-zero targets within the next few decades. In August, the Intergovernmental Panel on Climate Change published a report which concluded that it had ‘high confidence’ that human activity is partially responsible for recent environmental disasters, including the European flooding in July last year and the US’s Hurricane Ida. One way or another, the world will move on from fossil fuels. And nuclear energy will form part of the answer. Unlike solar or wind, it provides a consistent stream of energy, already meeting 10% of global electricity needs. 70.6% of France’s energy is nuclear-powered. In the UK, it’s 20%. And engineering jewel Rolls-Royce is developing Small Modular Reactors that are significantly cheaper than the ones due to retire in 2026. Even China, which accounts for 36% of global greenhouse emissions, has put aside $440 billion to transition to clean energy by 2060. It’s planning to build 150 new nuclear reactors over the next 15 years, with only 440 currently in use worldwide. Source: Bloomberg Political unrest in Kazakhstan After Fukushima, distrust of nuclear power saw global demand for uranium slump. At the same time, former Soviet satellite Kazakhstan significantly increased production, making it impossible for other suppliers to cut supply to support prices. The country’s state-owned Kazatomprom produced 10% of the world’s uranium at its price peak in 2007, but this has since increased to 43% as of 2019. The depressed spot price saw hundreds of its global competitors become unprofitable. And nowadays, 85% of all uranium is mined by just 10 companies. But supply and demand can change with the wind. Brent Crude hit a record low in 2020, as lockdowns saw global demand for oil collapse. But the inevitable eventually happened. When the world’s economies reopened, oil demand soared while supply from production remained muted. And Brent Crude soared to record highs. The same may now be happening for uranium, after days of political unrest has shocked the gigantic central Asian country. While it produces 1.6 million barrels of oil every day, the average annual income sits at about £2,500 a year. And the Western Europe-sized nation has a population of just 18 million people, the same as London and the South East. Public protects are illegal without a government permit and previous strikes have been dealt with extremely harshly. But on 2 January, demonstrations began in oil hub Zhanaozen, site of deadly police clashes a decade ago. Protests have now spread across the country, as the government price cap on liquefied petroleum gas was lifted, doubling the price overnight. Many Kazakhs use the gas in place of conventional car fuel for its cheaper price. While the cap has now been reimposed, some of the anger was also directed at former long-time President Nursultan Nazarbayev, who has now been removed from his position as head of the country’s Security Council. Current President Kassym-Jomart Tokayev said ‘20,000 bandits’ had attacked cultural hub Almaty and he had told security forces to ‘fire without warning.’ Curfews are in place and mass gatherings banned. 3,000 rioters have been arrested, some have been killed, and more than 400 people are being treated in hospital. Echoing the 2014 Crimean crisis, under the Collective Security Treaty Organization (CSTO), Russian troops have been invited into Kazakhstan under request from Tokayev to help ‘stabilise’ the country. Meanwhile, the US has said it will be monitoring the situation to prevent ‘the seizure of Kazakh institutions.’ This political crisis could see the world’s largest uranium producer cease production overnight. Best uranium stocks for 2022 While uranium isn’t traded on the open market, spot and long-term prices are published by independent market consultants UxC, LLC, and TradeTech. And both were trading for under $15 until 2003. But the spot price has been volatile over the years, spiking to $136 in June 2007 and sinking to $18 by 2016. Between May and December last year, it rose 59% from $29 to $46 in just seven months. And the Bank of America expects it to shoot up even further to $60 during the first quarter of this year. For those who want to take advantage of this volatility, there are multiple ways to invest in the best uranium stocks. The first is to buy stocks in mining companies that focus exclusively on the commodity. Canadian Cameco is the largest by market value but made a net loss of $72 million in recent Q3 results. Australian choices include Paladin, which is up 205% over the past year, and Energy Resources of Australia, up 30%. However, while Canada and Australia are reserve leaders behind Kazakhstan, investing in individual stocks focussed on one mineral comes with some risk. Of course, this strategy also offers higher reward. A safer choice is to invest FTSE 100 miners Rio Tinto and BHP Group. While both are currently dual-listed in the UK and Australia, BHP is delisting in the UK in 2022. Both are top 10 global uranium producers but also mine multiple other commodities, leaving investors less exposed to uranium price volatility. However, because they don’t focus on uranium exclusively, their share prices can be affected by other factors. Both experienced significant volatility in 2021 as Chinese demand for iron ore prices fell in line with the country’s slumping housing market. Finally, there there are companies that invest in uranium companies, as well as Uranium-focussed Exchange Traded Funds (ETFs). For example, Yellowcake offers ‘direct exposure to the spot uranium price without exploration, development, mining or processing risk.’ And it’s up 45% over the past year. Similarly, Geiger Counter, which invests heavily in uranium explorers, is up 96%. One popular ETF is Global X Uranium, up 50% over the year, which tracks both miners as well as nuclear production companies, giving investors wider exposure to the entire supply chain. ETFs are often seen as a middle-risk option, as they offer exposure to one mineral across multiple companies. However, initial investors in the ETF in January 2018 made zero returns until the beginning of last year. There are advantages and setbacks to every option. However, what’s clear is the best uranium stocks will remain volatile for some time to come. How to trade or invest in uranium stocks: 1. Research the uranium stock you want to trade 2. Decide whether to trade or invest in shares 3. Open an account 4. Take your position Charles Archer | Financial Writer, London 10 January 2022
  13. Hi @Brisgo, Using the shares you own for the margin of a CFD is referred as Collateral. You can find information on collateral here. This feature in not available to retail clients but only to Pro clients. If you are a Pro client, you can link your CFD account to your share trading account from within the web-based platform. Log in to My IG > Live accounts > Set up collateral Once linked, you can use a percentage of the value of your shareholdings as collateral to cover the margin on your CFDs. How much depends on the make-up of your portfolio. I hope that it helps. All the best - Arvin
  14. Hi @Ahmed3rashed, Thank you for your message. To obtain an update on your application, please reach out to newaccountenquiries.uk@ig.com. Our account opening team will come back to you with an update on your application. All the best - Arvin
  15. Hi @DavidIrimia, You can trade most markets on a Spread bet account. You can find some information here: https://www.ig.com/uk/spread-betting Could you please advise which stock you are after? Thank you - Arvin
  16. Hi @DavidIrimia, You can't go short on a share dealing account. In trading, short describes a trade that will incur a profit if the asset being traded falls in price. It is also often referred to as going short, shorting or sometimes selling. On a share trading account you will need to purchase the share at its full price ( as opposed to a CFD or Spread bet account) , if the shares price level fall you will incur a loss. The most well-known method of shorting is short selling. There are two main methods of short selling: When a trader borrows an asset they do not own from a broker and sells it on the market. Usually the borrowing and selling of the asset is taken care of by the broker. Derivatives such as CFDs or spread bets enable traders to open short positions that do not require borrowing the underlying asset. More information here. All the best - Arvin
  17. Hi @Panda_don, For further assistance on APIs you can contact webapisupport@ig.com. All the best - Arvin
  18. Hi @rocketretro, You can email helpdesk.uk@ig.com with your account details (Account ID, Full name, Date of birth), our team will be able to delete the extra share dealing account. All the best - Arvin
  19. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10th January 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. Special Dividends: Index Bloomberg Code Effective Date Summary Dividend Amount RTY LPG US 13/01/2022 Special Div 1 SPX FCX US 13/01/2022 Special Div 0.075 UKX NXT LN 13/01/2022 Special Div 160 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.
  20. Hi @Musaab, Are you referring to the book cost to adjust your P/L? https://www.ig.com/au/help-and-support/investments/share-trading/how-do-i-edit-my-book-cost Please feel free to send us a screenshot. Thank you - Arvin
  21. AUD/JPY has spent 2021 in a wide trading range of 77.90 and 86.26. While other central banks around the world have been withdrawing pandemic stimulus measures, both the Reserve Bank of Australia (RBA) and the Bank of Japan (BOJ) have maintained relatively loose policies. This is largely because inflation in both countries is not threatening economic stability. The RBA will not meet again until early February and when they do, fourth quarter inflation data will be available. Many parts of the Australian economy re-opened in this quarter and it’s possible that some price pressures might be emerging. This could be crucial for AUD/JPY, as Japanese investors have historically had a strong appetite for Australian fixed interest products when Australian yields are rising. The issue for AUD/JPY could be that it may underperform until there is movement from the RBA. The Yen maintains a real yield advantage for now, but it is narrowing, and the pace of change could accelerate if the RBA turns hawkish. As the Federal Reserve looks to raise rates in 2022, this raises the prospect of G-10 ex-Japan yields across the curve getting a boost. In this environment, the Yen may come under pressure more broadly. The approaching Japanese winter may play a role in AUD/JPY as Japan are an energy importer, while Australia is an exporter of energy commodities. The RBA’s commodity index highlights the positive impact that surging energy prices is having on the Australian terms of trade. The increase in liquefied natural gas (LNG) and coal prices have more than compensated for the downturn in iron ore prices. AUD/JPY TECHNICAL ANALYSIS AUD/JPY tested the September low of 78.846 but the move was rejected. The 2021 low of 77.897 made in August remains intact. Previous highs and pivot points may offer resistance above. While on the downside, previous lows and pivot points could provide support. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Daniel McCarthy , Strategist, DailyFX 7 January 2022
  22. USD/JPY struggles to retain the advance from the start of the week even though the 10-Year US Treasury yield climbs to a fresh monthly high (1.75%), and the exchange rate may face a larger pullback ahead of the US Non-Farm Payrolls (NFP) report as the Relative Strength Index (RSI) slips below 70 to indicate a textbook sell signa USD/JPY RATE PULLBACK GENERATES RSI SELL SIGNAL AHEAD OF NFP REPORT USD/JPY trades in a narrow range after hitting a five year high as the US ISM Non-Manufacturing survey weakens more-than-expected in December, with the index narrowing to 62.0 from 69.1 the month prior. As a result, USD/JPY may consolidate ahead of the NFP report as the US economy is expected to a pickup in job growth, but a dismal development may produce headwinds for the Dollar as renewed restrictions driven by the Omicron variant puts pressure on the Federal Reserve to delay normalizing monetary policy. At the same time, a better-than-expected NFP report may trigger a bullish reaction in USD/JPY as it puts pressure on the Federal Open Market Committee (FOMC) to implement higher interest rates sooner rather than later, and a further improvement in the US labor market may encourage the central to adjust the forward guidance as the minutes from the December meeting revels that “several participants viewed labor market conditions as already largely consistent with maximum employment.” In turn, USD/JPY may exhibit a bullish trend in 2022 amid the deviating paths between the FOMC and Bank of Japan (BoJ), but a further appreciation in the exchange rate may fuel the tilt in retail sentiment like the behavior seen during the previous year. The IG Client Sentiment report shows only 27.73% of traders are currently net-long USD/JPY, with the ratio of traders short to long standing at 2.61 to 1. The number of traders net-long is 3.45% higher than yesterday and 9.34% higher from last week, while the number of traders net-short is 0.95% lower than yesterday and 4.77% higher from last week. The recent rise in net-long interest has done little to alleviate the crowding behavior as 37.46% of traders were net-long USD/JPY during the second full-week of December, while the rise in net-short position comes as the exchange rate struggles to retain the advance from the start of the week. With that said, USD/JPY may consolidate ahead of the US NFP report as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal, but the exchange rate may exhibit a bullish trend in 2022 as the FOMC prepares to implement higher interest rates. USD/JPY RATE DAILY CHART Source: Trading View The broader outlook for USD/JPY remains constructive as it clears the November high (115.52) at the start of 2022, with the 200-Day SMA (110.68) indicating a similar dynamic as it retains the positive slope from last year. The Relative Strength Index (RSI) showed a similar dynamic as it pushed into overbought territory earlier this month, but a textbook sell signal has materialized as the oscillator falls back from overbought territory to push below 70. Lack of momentum to hold above the 115.90 (100% expansion) to 116.10 (78.6% expansion) region may push USD/JPY to fresh monthly lows if it fails to defend the opening range for January, with a move below the weekly low (114.95) opening up the Fibonacci overlap around 113.80 (23.6% expansion) to 114.30 (23.6% retracement). Failure to hold above the 50-Day SMA (114.12) brings the towards the 112.40 (61.8% retracement) to 112.40 (38.2% expansion) region on the radar, which lines up with the November low (112.53). At the same time, need a break above the weekly high (116.35) to open up the 117.60 (23.6% retracement) to 117.90 (23.6% retracement) area, with the next region of interest coming in around 118.90 (50% expansion). DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES David Song, Currency Strategist, DailyFX 07 January 2022
  23. Hi Angus, No worries. You will need to change the order type to limit order: You will find the drop down menu : I hope that it helps. Thank you - Arvin
  24. Hi @malsugnac, For MRNA you will need to change the expiry to Day(All sessions): The order should go through. All the best - Arvin
  25. Hi @TraderGT1, You should be able to place Limit stop order : https://www.ig.com/ae/glossary-trading-terms/limit-order-definition The stop will be place at a more favourable price to close your position, while a stop order (stop loss) is a less favourable price. All the best - Arvin
×
×
  • Create New...
us