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ArvinIG

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Everything posted by ArvinIG

  1. Hi, You can use the Trade Analytics tools : https://www.ig.com/uk/trade-analytics-tool You also have a snapshot of your balances at the top of the platform on the desktop version. I hope that it helps. All the best - Arvin
  2. Hi @FOYBOY, It is likely that the market is closed. For share dealing the orders goes directly yo the market. You can try when the market is open, or just before opening. I hope that it helps. All the best - Arvin
  3. The Bank of England is forecasting a base interest rate rise in the ‘coming months.' But the US Federal Reserve is insisting that rising inflation is 'transitory.' Could a policy divergence see sterling soar? Source: Bloomberg Forex Inflation Pound sterling Interest rate Federal Reserve Monetary Policy Committee (United Kingdom) GBP/USD is one of the most popular Forex currency pairs. And right now, 73% of IG clients are long on the market, with £1 currently buying $1.34. This optimism for sterling is due to the perceived likelihood that the UK’s Bank of England will raise its base interest rate before the US’s Federal Reserve. As a currency’s base rate is arguably the most important factor in determining its strength, the client consensus isn’t particularly surprising. Moreover, many of these clients will be position traders, prepared to wait until the UK raises its base rate. But the Federal Reserve might act first. Do you think sterling will strengthen against the US dollar? Trade 100+ FX pairs with the UK's No. 1 forex provider. * Enjoy fast execution and low spreads. We'll never fill your order at a worse price. Create an account with IG to start trading forex today. * By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released June 2020). New to Forex? Where next for sterling? The strength of sterling is directly tied to potential interest rate rises in the face of racing inflation. On 4 November, the Bank of England held off from raising the base rate from its historic low of 0.1%, which saw sterling fall 1% against the dollar. Governor Andrew Bailey was labelled a 'bad boyfriend' for indicating to traders that a rise should be expected. While the Monetary Policy Committee (MPC) voted 7-2 in favour of no change, Bailey described it as a ‘close call,’ with the MPC saying there was ‘value’ in waiting to see how the jobs market coped with the end of the furlough scheme. And it signalled it will be raising rates in the ‘coming months.’ But with the Resolution Foundation reporting that only 136,000 out of the 1.1 million people still on furlough had moved into unemployment or inactivity, the chance of a rate rise has probably now fallen. And Bailey said the decision was ‘a reflection of the position we’re in.’ His view is that inflation is being caused by the global supply chain crisis, and therefore increasing interest rates domestically will make little difference to consumer prices. But he accepts there will be ‘some need to increase interest rates to bring inflation sustainably back to target.’ And the ONS has predicted that inflation will rise to 5% by April 2022, more than double the Bank’s 2% target. However, raising rates too soon risks strangling the green shoots of economic recovery, as it would increase the cost of servicing debt, including mortgages and credit cards. And National Insurance is increasing by 1.25 percentage points in 2022. Corporation tax is rising from 19% to 25% in 2023. Income tax bands are frozen until 2026, while council tax continues to rise by 5% a year. There are even rumours that the student loan repayment threshold might soon be lowered. Demand, and therefore inflation, could drop off without a rate rise. With rising energy, food, and petrol prices contributing to the cost-of-living crisis, the Bank has a very delicate balance to strike. The most recent MPC report expects price rises to outstrip earnings until 2024. Accordingly, rates could still rise to 1% by the end of 2022. Trade GBP/USD now? Source: Bloomberg US inflation surges Pressure on the Federal Reserve is also intensifying as US inflation is now running at 6.2%. This is 1.2 percentage points higher than the UK’s expected peak and represents the highest inflation rate since 1990. Worryingly, the labour department report shows prices rose 0.9% in October, more than double the 0.4% jump in September. Moreover, energy prices are up 30% and food up 5.3% over the past year. Like the UK, these pressures are being blamed on global supply chain issues. But last week, Chairman Jerome Powell said that inflation has been ‘longer lasting than anticipated,’ and that it was ‘very difficult to predict the persistence of supply constraints.’ President Jo Biden has also just passed a $1.2 trillion infrastructure bill, and could soon increase social spending by $1.75 trillion. This cash influx is likely to have an additional inflationary effect. This leaves the currency pair in an interesting position where it seems likely that the UK will raise rates before the US, despite having significantly lower inflation. If it does, then sterling will rise. But with inflation running so high across the pond, the Federal Reserve could emulate the Bank of England's unpredictability, and spring a surprise on unsuspecting traders. Start trading now? Charles Archer | Financial Writer, London 16 November 2021
  4. Q3 earnings season propelled the S&P 500 to fresh record highs; although company’s flag concerns about the impact of higher costs on future profits. Source: Bloomberg Indices Shares S&P 500 Inflation Revenue COVID-19 recession When does the US reporting season come to an end? Q3 US earnings season will come to an end in the next fortnight, with 92% of companies having reported as of November 12, 2021. What are the 3 biggest issues this quarter? Earnings and revenue growth beats analyst forecasts Earnings and revenue exceeded expectations in the quarter, with financial data company FactSet Research Systems Inc putting earnings growth for the quarter at 39.1%, and revenue growth at 17.5%. This bested the consensus estimate heading into the quarter’s results of 27.4% and 14.9%, respectively. Although not as robust as the previous quarter’s earnings growth of 87%, which benefitted from the base effects of the Covid-19 recession a year earlier, it was still the third highest EPS growth rate for the US 500 in over a decade. Inflation at risk and high costs threaten profit margins Although both the bottom and top lines of S&P 500 companies delivered better than expected results for the quarter, there remained some cautionary messages from company’s when it came to the issues of inflation. Based on data from FactSet, the number of corporates mentioning inflation in earnings calls was at more than a decade high in Q3, with the threat of higher costs lowering analyst estimates for future profit margins. The impact is expected to materialize in coming quarters, with margin estimates revised lower, despite company’s exceeding analysts’ profit margins forecasts for Q3. Beat/miss ratio falls while Q4 profits get revised There are signs that earnings momentum may be slowing for S&P 500 companies, with slower growth and higher costs likely to weigh on profits in the future. The beat/miss ratio for S&P 500 companies dropped to 81% this quarter from around 87% in the previous one, while earnings growth for Q4 was revised lower very modestly to 20.9% from 21%. This comes despite an estimated increase in revenue growth next quarter, with the slowing momentum in profits coming due to the expected squeeze on margins from rising costs. Source: FaceSet S&P 500 rallies through earnings season as profits push index to record highs Earnings season proved a major boost for the S&P 500, which has managed to climb by 6.5% between Monday 11th October and Friday 12th November. The rally pushed the S&P 500 into technically overbought territory, with the index pulling back in recent days as momentum turned lower, breaking trendline support in the process. With earnings season no longer a driver of sentiment, and concerns about inflation and interest rate hikes from the Fed seizing the narrative, the S&P 500 could pull-back further as upside momentum fades. A break of support at ~4645 could see the index revert to its 20 DMA just above 4600, with the key level below that 4545. A break above ~4715 and to fresh record highs would confirm the bulls remain in control of the index. Source: TradingView Take your position on over 13,000 local and international shares via CFDs or share trading – and trade it all seamlessly from the one account. Learn more about share CFDs or shares trading with us, or open an account to get started today. Kyle Rodda | Market Analyst, Australia 16 November 2021
  5. Hi @Alexey, You can find information on the market on the deal ticket > info tab > Other: All the best - Arvin
  6. Hi @Slinkybelinky, We recommend to use Google Chrome as a browser. You can drag the Indicator field up or down to increase or decrease its size: I hope that it helps. All the best - Arvin
  7. Hi @Joelonline786, Once you MT4 account created it should appear in the list of accounts on the My IG dashboard. Your login would be the MT4 ID which is usually composed of five digits. Are you able to locate your MT4 ID ? Thank you - Arvin
  8. Hi @Viviana, Do you have an error message that comes up when you try to deposit funds? Please refer to this page https://www.ig.com/uk/help-and-support/deposits-and-withdrawals/deposits for some help. Depending on your location the payment methods may vary. All the best - Arvin
  9. Hi, Is there anything we can help with? Thank you - Arvin
  10. Hi , You can deposit funds with cards, bank, Paypal, the methods of payments will vary depending on your location. https://www.ig.com/uk/help-and-support/deposits-and-withdrawals/deposits All the best - Arvin
  11. Hi @Wiz1, It is possible that you need to verify the source of your funds to return more than what you deposited as per our Anti Money Laundering policies. Please reach out to helpdesk.uk@ig.com for further assistance. All the best - Arvin
  12. Hi @traderstu, It will depends on the dealing desk and the clients feedback. You can ask for Stocks to be added on this thread. You will see the eligibility criteria for stocks to be added on the first page. All the best - Arvin
  13. ArvinIG

    sir

    Hi @apmor, Are you after FTSE 100 futures? Please feel free to clarify your question. Thank you - Arvin
  14. Hi @HMM57, You can reach out to webapisupport@ig.com for assistance. Our team will be able to investigate and come back to you. All the best - Arvin
  15. HI PeteUK1960, You can trade Options on Leveraged accounts like CFD. For Equity options, you will need o go to Watchlists to find it. I hope that it helps ! All the best - Arvin
  16. HI @JAmbrose, There is no charge for PRT demo accounts. You can only access it for a limited period of time. At some point you will need to subscribe to live PRT account to access the demo account. You can get access to ProRealTime charts at no extra cost if you transact at least four times in a given month. However, if you don't meet this requirement, or your trading activity is of extremely low value, then a £30 per month fee will apply on the last day of every calendar month All the best - Arvin
  17. Hi @brandonarmour, Thank you for your feedback. As you can see above we are aware that it is a feature that our clients would like to see. We forward your feedback to the relevant department to be reviewed, we do have a partnership with TradingView for Pro + accounts but no integration at this point. All the best - Arvin
  18. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th November 2021. 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 BGFV US 16/11/2021 Special Div 1 RTY CNXN US 16/11/2021 Special Div 1 RTY HL US 18/11/2021 Special Div 0.0075 RTY PRK US 18/11/2021 Special Div 0.2 RTY CFFN US 18/11/2021 Special Div 0.22 RTY HVT US 19/11/2021 Special Div 2 RTY PIPR US 22/11/2021 Special Div 3 RTY RRR US 22/11/2021 Special Div 3 RTY SBSI US 23/11/2021 Special Div 0.06 RTY MNRL US 23/11/2021 Special Div 0.26 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.
  19. Hi @Transitory, Please contact helpdesk.uk@ig.com with your account details and instruction. They should be able to set it up for you. All the best - Arvin
  20. HI @gregoz, On a share dealing account you can change your currency conversion settings to "Manual" on My IG > Live Accounts > Currency Conversion : You will be able to hold USD on your account to buy and sell shares in USD. You will need to convert your fund only when you wish to withdraw your funds and that your base currency is different for example. ⚠️Please keep in mind that changing to manual will affect the commission the US stocks. https://www.ig.com/au/share-trading/charges On a CFD account you can create an account with USD as the base currency. I hope that it helps ! All the best - Arvin
  21. Hi @Kaz3366, This incident number is showing as resolved now. Could you please confirm if that's the case on your end? It seems that the department dealing with your form have come back to you, could you please confirm as well? Thank you - Arvin
  22. Hi @CRTB, The Corporate Action is in charge of this type of events. If there's anything you need to do you will receive an email form the Corporate action. Otherwise, they will book your new shares on their end. You might see your shares sold at 0 and bought back at 0. That would mean that they Corporate action took place. If there is a ISIN number change, it will be done on our end too. All the best - Arvin
  23. The Marks and Spencer share price is up 92% since this time last year, as CEO Steve Rowe's turnaround plan begins to bear fruit for the FTSE 100 retailer. Can it return to its five-year high of 386p? Source: Bloomberg Indices Shares Marks & Spencer Price Retail Investor At 232p right now, the Marks and Spencer (LON: MKS) share price has soared 20% since market close on Tuesday, due to stellar H1 2021 results. And in fact, its share price is up 34% in the past month, 49% in the past six months, and 92% in the past year. Of course, some perspective is important. To reach its five-year high of 386p it hit on 26 May 2017, it would have to rise another 66%. And it was 214p on 3 January 2020, before the pandemic saw it crash 58% to 90p by 24 April 2020. While the past year has been stellar for recent investors, long-term shareholders are simply seeing the share price recover to its pre-pandemic point. And CEO Steve Rowe has highlighted plenty of speedbumps in the way of further gains. Where do you think the Marks and Spencer share price will go next? Take your position on UK shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of UK shares for just £3 with us. Open an account to start trading or investing in UK shares. 1. Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK. 2. Deal three times or more in the previous month to qualify for our best rate. New to IG? Marks and Spencer share price: H1 results Like many FTSE 100 companies, the retailer has chosen to compare 2021 figures with the 2019 financial year, as the impact of the pandemic in 2020 ‘renders comparisons…less meaningful.’ The retailer boasted strong financial results for H1 2021. Profit (before tax and adjusting items) rose to £269.4 million, a 55% increase compared to the £176.3 million profit in the same period in 2019. Meanwhile, net debt fell to £3.15 billion, down 22.6%. Food sales rose 10.4%, while food operating profit (before adjusting items) rose to £143.7 million from £92.2 million. Clothing sales fell 1%, but this headline figure masks an encouraging transformation. Full-price sales rose by 17.3%, while online sales grew 60.8% and now represent over a third of total clothing revenue. Operating profit (before adjusting terms) in the division rose 43%, from £109.6 million to £156.2 million. While sales may have fallen slightly, the retailer called the increased profitability ‘substantial progress.’ It said a ‘re-engineering’ of the division to reduce the reliance on promotions and cut down the range of items was ‘now demonstrating its potential to reverse years of decline.' Rowe said that the company ‘won’t overclaim our progress (but) it is clear that underlying performance is improving.’ Start trading now? Source: Bloomberg Looking forward Marks and Spencer now expects full-year underlying profits to be about £500 million. This is £150 million more than its updated prediction in August, and £97 million more than the profits of 2020. Rowe’s plan for the company has been crucial to the turnaround. To cut costs, he slashed thousands of jobs at the start of the pandemic. And now he wants to permanently close 73 ‘full-line’ stores as the pandemic has accelerated the shift to online. However, it’s also likely that the collapse of close competitor Debenhams has also been an important factor. But Rowe can take full credit for spending £750 million on a 50% stake in Ocado back in February 2019, just before the pandemic struck. Investor consensus was that Rowe had overpaid for Ocado, and the Marks and Spencer share price dropped 12% in a single day, wiping £550 million off its market cap. He commented at the time that ‘we think we’re paying a fair price.’ Clearly, it now appears that this investment was excellent value. But the CEO has concerns for the future. He warned investors that ‘well-publicised supply chain pressure, combined with pandemic supply interruptions, rising labour costs, EU border challenges and tax increases means the cost incline becomes steeper in the second half and steeper again in the 2022-23 year.’ And the company is having to increase pay to attract workers, with lorry driver shortages highlighted as a potential long-term problem. But it’s hardly the only company with this issue. The Marks and Spencer share price may just be getting started. Increased food revenue, higher clothing profitability, and a CEO with a working turnaround plan are all positive indicators. But with the wider economic situation uncertain, there can be no guarantees. Take your position Charles Archer | Financial Writer, London 12 November 2021
  24. Hi Nasser, You can access to your account transaction on My IG > Live Accounts > History. You will see all the commission and fees. I hope that helps. All the best - Arvin
  25. Hi @marcoc, Did you see that message from the My IG > Settings page > ProRealTime > Enable? Could you please send a screenshot to helpdesk.uk@ig.com , our team will be able to check internally if your PRT account is active, if not to assist you furhter. All the best - Arvin
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