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ArvinIG

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Everything posted by ArvinIG

  1. Hi @Mbutler1, As long as there is a tradable option in the underlying, we offer all options on shares in the FTSE® 100, the DOW 30, the S&P 500, the Nasdaq 100 and some large cap Canadian and Australian stocks. For ASX stocks you will needs to call 1800 601 733 between 10:00-15:55 (Sydney time)* You can find more information here: https://www.ig.com/au/help-and-support/cfds/market-details/can-i-trade-share-options-with-ig#:~:text=What are share options%3F,price – at the option's expiry. I hope that it helps ! All the best - Arvin
  2. Hi @Hampshire321, The above example is for 3 nights. Now the SONIA rate is 1.72% roughly. It will depend on the amount per point you are holding and closing price. Thank you - Arvin
  3. Hi @mfdoom420, If you select Market order the expiry will change to Fill or Kill: The order will be filled fully, or killed. Thank you
  4. Hi @sortaeduard, Thank you for your post. You can find our charges for UK Share trading accounts here: https://www.ig.com/uk/investments/share-dealing/costs-fees The rebates on commission applies when you traded 3 times or more in the previous calendar. If you traded 3 times in July then your commission will be the ones in the second columns. I hope that it helps ! All the best - Arvin
  5. EUR/USD, GBP/USD, and AUD/USD turn lower, but the uptrend seen over the course of the past month brings the potential for another upward move before too long. Forex United States dollar EUR/USD Euro GBP/USD AUD/USD EUR/USD falls back into confluence of support EUR/USD has been on the back foot over the course of recent trading days, with the price retracing from Wednesday’s peak to fall back into trendline support. The upward trend seen over the course of the past month does still remain intact, with this pullback taking us into a zone that could see the price reverse upwards once again here. As such, the confluence of the 61.8% Fibonacci retracement, 200-simple moving average (SMA), 100-SMA, and trendline support all provide the basis for a potential upward turn from here. A break back below the $1.0122 support level would be required to negate that current uptrend seen over the course of the past month. Source: ProRealTime GBP/USD drops back into trendline support GBP/USD has similarly been reversing lower off the back of Wednesdays US consumer price index (CPI) reading, with the price heading back into trendline support this morning. Unlike EUR/USD, we have seen this latest high come in below the prior peak of $1.2293, thus raising the potential for a bearish reversal if we see the price break lower. With trendline support coming into play here, there is a good chance we see the bulls come back into play from here. A break back below the likes of $1.2063 and $1.20 would be required to bring greater confidence that the bears are back in charge. Source: ProRealTime AUD/USD turns lower from 76.4% Fibonacci resistance AUD/USD managed to outperform over the course of the past week, with the price rising into a fresh two-month high on Thursday. However, we are seeing the price reverse lower this morning, with Australian growth prospects dented by a raft of disappointing Chinese data points earlier this morning. We are subsequently seeing the price fall back into the first support level of $0.7063 after reaching the 76.4% Fibonacci resistance level at $0.7141. The ability to break back below $0.7063 would signal the potential for a wider pullback for the pair, with the 100-SMA and Fibonacci levels ($0.6992 and $0.702) bringing possible downside targets if we do see that breakdown. Below that, we would need to see a move below $0.6948 to negate the bullish trend that has been playing out over the course of the past month. Source: ProRealTime Joshua Mahony | Senior Market Analyst, London Monday 15 August 2022
  6. The summer rally has helped improve the outlook for stocks after a tough first half of the year, but both the bullish and bearish cases have powerful arguments supporting them. Source: Bloomberg Indices Shares Commodities Inflation Market trend S&P 500 Global stocks bounceback from July lows The past month has seen global equity markets stage an impressive recovery. As of mid-June, the MSCI world index was down by almost 25% for the year so far. The rally from the lows of the year has witnessed a recovery of 15%, resulting in 50% of the losses for the year being recouped. This does not mean that the bear market for this year is over. Inflation, rising interest rates and slowing growth mean that a recession that hits earnings is still a definite possibility. But for the moment there are signs that stocks, led by US indices, might have a way out of the doom and gloom. S&P 500 breadth rebound provides hope The current bounce on the S&P 500 has resulted in a sea-change in breadth readings. Rallies in March/April and in May had seen the percentage of stocks above their 50-day moving average rise from around 25% to 65%, and from 20% to 45% respectively. But the surge over the last month has seen the reading go from a ‘washout’ low of around 7% to a remarkable 90%. This is a dramatic turnaround, and suggests that stocks have put in a floor on their declines, at least for the time being. Previous bear markets in 2001 and 2008 witnessed big rebounds, but none of them saw breadth rebound in the way that it has over the last month. Source: IndexIndicators.com As the chart below shows, these high breadth readings usually occur in strong uptrends, with returns for the S&P 500 in the following year averaging at least 20%. Source: Carson, Stockcharts.com Inflation concerns fading The recession fears of the first half of 2022 were driven in a significant way by the surge in oil prices, along with other commodities. Source: ProRealTime But since June the price of oil has fallen sharply, and it is not alone among commodity prices. Copper, wheat, lumber, corn and nickel prices have all dropped over the past three months, and with US consumer price index (CPI) growth easing in recent readings as investors are beginning to hope that inflationary pressures will drop, prompting the Federal Reserve (Fed) to at least ease off its pace of hiking, perhaps moving back to 50 basis point (bps) rate increases from the 75 basis points of the past few meetings. Earnings outlook crucial Perhaps the most important element for the next few months will be the third- and fourth-quarter (Q4) earnings seasons. Q2 saw earnings generally beat the (lowered) expectations held by analysts, and relatively rosy outlooks issued. But Q3 and Q4 expectations are still relatively elevated, and excluding the stellar performance from the energy sector, the S&P 500 still reported a year-on-year (YoY) decline of 4% for earnings. While slower inflation growth will help consumer spending hold up, investors will fret that this will feed through too late to help earnings for Q3 at least. Having rallied sharply from their lows, stocks are no longer pricing in so much bad news as was the case back in early July. This leaves them less well-placed for a fresh fall in earnings when Q3 reporting season begins. Seasonality risks ahead Historically, markets tend to run into problems in August and September. The historical pattern for the S&P 500 shows a period of weakness from the end of August until the beginning of October, when the traditional Q4 rally begins to start. In addition, mid-term years such as this one usually witness a fresh drop for the S&P 500 during the months of August and September. From there the picture brightens considerably, with the usual Q4 rally augmented by further gains into years three and four of the presidential cycle. Source: IG Market outlook evenly balanced While the broad expectation in recent weeks had been for a fresh move to the downside for stocks, the strength of the rally and signs of easing inflation have bolstered the case that the market has seen its lows for the year. But there are still powerful arguments on the other side of the hill, and it is by no means certain that we will see further strength from here. And it is important to remember, whichever view you take, to make sure that the correct risk management is in place to help you navigate the coming months. Chris Beauchamp | Chief Market Analyst, London 16 August 2022
  7. Hi @Snorky, The Margin call rules should apply to the Demo account. https://www.ig.com/au/help-and-support/cfds/margin/what-is-margin-call It is your responsibility to keep an eye on the margin requirement as we might not be able to reach out if a market drastically change. I hope that it helps! All the best - Arvin
  8. Hi @TomLeonard20, No worries. Yes, the main difference would be the AUD/USD conversion for each transaction and trading hours. If you have a Share dealing account you can change your account settings to Multi currency account you can hold USD on your account. Note that the commission will change then: https://www.ig.com/au/share-trading/charges I hope that it helps ! All the best - Arvin
  9. Investors are keen to glimpse the outlook from BHP’s upcoming annual report after rival Rio Tinto disappointed investors due to heightened uncertainties. Source: Bloomberg Shares Commodities BHP Rio Tinto Iron ore Share price ASX: BHP release date BHP Group Limited (ASX) is expected to release its earnings report on Tuesday, August 16, 2022. Expectation: NPAT: US$ 16.4B EPS: 5.935 (48% up from FY21) DPS:4.49 (25% yearly increase) BHP earnings key watch: The markets are anticipating that BHP will report an underlying net profit of US$20.4 billion, up 19.3% on the year in 2021. During the first half of the financial year, BHP announced a jaw-dropping margin of 64% thanks in part to higher iron ore, copper, coal, and nickel prices and “near record production at Western Australia Iron Ore (WAIO).” The operations profit was recorded at US $14.8 billion, an increase of 50% from the same quarter in the previous financial year. Source: BHP BHP’s mining exports broke records during the first quarter of 2022 due to the invasion of Ukraine by Russia. By April, the company’s commodity prices had lost steam as the price of iron ore fell 35% and copper fell 25%. It is expected that the fluctuation in prices will impact BHP’s earnings results. Starting from the second quarter of the year, rising interest rates and the prospect of a recession have weighed heavily on the commodity outlook. This was recently seen when Rio Tinto, BHP’s major rival, declared it would be discounting its dividend pay-out due to an uncertain future ahead. It is due to this reason that BHP investors are keen to get a glimpse of the future outlook from the impending report. Share price and technical analysis: BHP’s share price has fallen from the April double top of $47.90 to around $37 in August, losing more than 25% of its value in three months. The break of support at $40.00/$39.00 leaves the share price vulnerable to a retest of the July $35.85 low. Looking ahead, the price may test the level of $39.95 first (23.6% retracement from the April peak) as it defends the opening range for August, with a move above the 50-day SMA (around $40) bringing the July high to $42 on the radar. On the other hand, the price may find temporary support from the level of $38 if breaching through the moving trajectory. BHP daily chart Source: IG Hebe Chen | Market Analyst, Melbourne 15 August 2022
  10. Hi @Mapolasi, If you account is up and running, it means that all the relevant were received. Once you deposit funds, you may need to very the source of funds for easier withdrawal process. Thank you - Arvin
  11. Hi @sangupt, Thank you for your post. Effectively the ETF screener does not return any result when filtering with ISA filter. Thank you for your feedback. We forward your query to the relevant department to be fixed. Thank you - Arvin
  12. HI @TomLeonard20, Effectively, there would be a difference in tax as you will need to complete a W-8BEN form to trade IVV.P as it's listed in the US as opposed to IVV.AX listed in Australia. They will have different trading hours as well. Note that trading in USD you may need to convert your local currency back and forth. Thank you - Arvin
  13. Hi @calexmac, Thank you for your post. The Korean index is not available on our platform. Thank you - Arvin
  14. Hi @Paul1u5, Thank you for your post. You can access a MT4 Demo account on this page: https://www.ig.com/uk/trading-platforms/metatrader-4/mt4-demo-account I hope that it helps ! Thank you - Arvin
  15. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 15th August 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 SPX TDG US 18/08/2022 Special Div 18.5 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.
  16. Hi @ArturG, I added a response on the thread you shared. Effectively, the rule apply to UK clients. You can find the relevant text here:https://www.legislation.gov.uk/eur/2014/1286/body I hope that it helps ! All the best - Arvin
  17. Hi @ArturG Thank you for your post. You can find the relevant text here: https://www.legislation.gov.uk/eur/2014/1286/body This rule will apply to all UK clients therefore other brokers should comply with the above rules. I hope that it helps ! All the best - Arvin
  18. Hi @Beckybeech, Thank you for your comment. It’s important to remember that leveraged index traders can neither profit nor lose from these price movements, as they’re scheduled public events. Where a trader able to profit from these movements, they’d simply place a large short position just before the adjustment and close out just after, locking in the drop in the value. If you have an open position through a dividend adjustment, we’ll ensure that there is no material impact on you by either crediting or debiting your ledger with the exact amount you have incurred as additional running loss/profit due to the dividend adjustment. You can find further information with example here. All the best - Arvin
  19. Hi @blackarrow, Thank you for your post. I think that the IG Academy is a good way to start. It has courses for beginners to advanced traders. You can access the IG Academy with your demo account no need to have a live account. On the IG website you can use the search function : It will find the articles containing the key words your are looking for. I think it is the best way to find relevant pages on the websites. In regards to explanation on the platform it is always a work in progress, but you can find information but clicking on the 'i' icon on the platform few examples: All indicators have a small description: When placing a stop you also have some description Let me know if you find this information usefull. All the best - Arvin
  20. Hi @Essie, You will find you CTC statements in the Annual filter, if you received dividends during the year. You can fin further information here: And on the link below: https://www.ig.com/uk/help-and-support/accounts-and-statements/statements/what-statements-will-i-receive#:~:text=If you have received dividends,of the UK financial year. I hope that it helps. Thank you - Arvin
  21. Hi @Beckybeech, Thank you for your post. Dividend Adjustment will also affect Spread Betting accounts. If you have an open position through a dividend adjustment, we’ll ensure that there is no material impact on you by either crediting or debiting your ledger with the exact amount you have incurred as additional running loss/profit due to the dividend adjustment. You can find further details here. All the best - Arvin
  22. S&P 500 and Nasdaq 100 decline for the second day in a row on fragile market sentiment and July’s U.S. inflation data due for release Wednesday will set the tone on Wall Street in the coming days. Source: Bloomberg Indices Shares Inflation Nasdaq-100 S&P 500 Nasdaq U.S. stocks were subdued on Tuesday on jittery sentiment amid heightened uncertainty about the economy in the face of slowing activity and sky-high inflation. At the closing bell, the S&P 500 slipped 0.42% to 4,122, losing ground for the second day in a row, with consumer discretionary and information technology leading the retreat among the major sectors. Elsewhere, the Nasdaq 100 slumped 1.15% to 13,008 as Tesla and Nvidia, two companies with large weightings in the tech index, suffered heavy losses on fears that their earnings could worsen going forward. Aside from Wall Street's cautious tone, many traders opted to remain on the sidelines ahead of key economic data that could either bolster the mood or kill the recent equity market rebound in its tracks: the latest inflation report. The U.S. Bureau of Labor Statistics will release the July Consumer Price Index on Wednesday morning. Headline CPI is expected to advance at 0.2% month-over-month after having risen 1.3% in June. With this result, annual inflation is seen easing to 8.7% from 9.1% previously, a slow but welcome directional improvement. For stocks to resume the vigorous recovery seen late last month, inflationary forces must show convincing signs of moderation, as this is the only way for the Fed to adopt a less hawkish stance later this year or in 2023. This means the lower the CPI print tomorrow, the better for risky assets. On the other hand, if data surprises to the upside, as has happened numerous times in 2022, equities could sell-off violently as traders begin to price in a steeper path of interest rate hikes. NASDAQ 100 technical analysis The Nasdaq 100 rallied strongly in recent weeks, but it has now begun to pull back after failing to clear channel resistance in the 13,350 area. While the recovery bias has not been nullified yet, the situation could change if sellers manage to push the index below the psychological 13,000 mark in the coming days. If this bearish scenario plays out, we could potentially see a move towards 12,600, followed by a retest of the 12,250 floor near the 50-day simple moving average. On the flip side, if buyers resurface and push the index higher, initial resistance appears at 13,350. If prices breach this ceiling decisively, bullish momentum could accelerate, paving the way for an advance towards 13,550. NASDAQ 100 technical chart Source: TradingView Diego Colman | Market Analyst, New York 10 August 2022 This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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.
  23. Asia-Pacific traders brace for volatility after stocks fall in New York; China’s July CPI print is seen rising to the highest since April 2020 and USD/CNH traders around 20-day SMA as bears eye trendline support. Source: Bloomberg Forex Shares China USD/CNH United States dollar Consumer price index Wednesday’s Asia-Pacific outlook Asia-Pacific markets look poised for a risk-off session after stocks fell overnight in New York. The tech-heavy Nasdaq-100 Index (NDX) posted a 1.15% loss as traders sold chip-maker stocks following a downgraded revenue forecast from Micron, the largest US memory chip producer. The US dollar posted small gains against the risk-sensitive Australian dollar. Iron ore prices fell in China after briefly trading above $110 a ton. The metal-making ingredient fell after China reported 828 local Covid cases for August 8, spanning more than ten provinces. The southern Hainan province and Tibet province contained a large chunk of those cases, forcing local authorities to order mass testing along with the closure of some public establishments. Traders are bracing for inflation data out of China for July. The July consumer price index (CPI) is expected to rise to 2.9% on a year-over-year basis. That would be up from 2.5% in June and the biggest increase since April 2020. A hotter-than-expected print would challenge China’s 3% inflation target, which could complicate easing efforts by China’s government and central bank to support growth. The Chinese yuan may weaken on the data print, but much of those gains are likely from hog prices that surged in July. That said, markets may not punish the yuan or other China-related assets if CPI beats estimates. The United States consumer price index for July is seen easing to 8.7% from 9.1% y/y. A drop in gasoline and crude oil prices has likely helped cool the price basket gains. Still, the core number—a gauge that strips out food and energy prices—is forecasted to rise to 6.1% from 5.9% y/y. That gauge may have a greater influence on Fed rate hike bets. A hotter-than-expected number could further degrade Fed pivot bets for 2023 and cause equity prices to fall. The Bank of Thailand is seen hiking its benchmark rate today, which would be the first in nearly five years. USD/THB fell over 0.5% overnight, bringing the pair to the lowest level since early July. The Chinese e-commerce company Alibaba received approval for its primary listing on the Hong Kong Stock Exchange, according to the company. The news may be supportive of Chinese equity prices. Notable Events for August 10: Japan – PPI YoY (July) Philippines – Retail Price Index YoY (April) Thailand – Consumer Confidence (July) Thailand – Interest Rate Decision USD/CNH technical outlook USD/CNH is around 0.10% lower this week, with prices trading around the 20-day Simple Moving Average (SMA). A supportive trendline from the June swing low may underpin prices if bears break below the 61.8% Fibonacci retracement. A break lower may see prices start to chip away at the gains made through the last five months. USD/CNH daily chart Source: TradingView This information has been prepared by DailyFX, the partner site of IG offering leading forex news and analysis. 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. Thomas Westwater | Analyst, DailyFX, New York City 10 August 2022
  24. Walt Disney earnings see traders focus on parks demand as the cost-of-living crisis starts to bite. With the majority of stocks outperforming the earnings season, could Wednesday provide a buying opportunity? Source: Bloomberg Shares The Walt Disney Company Revenue Market trend Stock Disney Media and Entertainment Distribution When will Walt Disney report their latest earnings? Walt Disney report their earnings for their fiscal third-quarter (Q3) post market on Wednesday 10 August 2022. What should traders look out for? Disney have come under pressure over the course of the past year, with the shift out of high growth names hurting the big hitters in the US. For many, the concern over spending habits in an environment of higher inflation and lower disposable income does bring question marks for the parks segment of the business. However, reports of strong visitor numbers at their parks does bring the potential for outperformance thanks to growing subscription numbers for their Disney+ streaming service. With the stock having lost 47% from the record highs of 2021, traders will be paying close attention to whether the company have the ability to weather the storm as the economy weathers a recession. Interestingly, Q2 saw revenues from the Media and Entertainment Distribution segment contract, with parks expanding to account for a greater proportion of the overall company. While Covid-19 pandemy understandably dampened demand for the physical experiences in 2020, we have seen parks revenue up to up to 33% of total income (from Covid-19 low of 9%). However, while parks do provide greater margins (26% vs 14%), there will be questions over how much they can growth given that revenues are roughly back up to pre-Covid-19 pandemic levels. The key here is whether we can see stability for Parks revenues, and growth for Media and Entertainment as we push through a tough period for businesses. Walt Disney earnings – what to expect Revenue – $20.96 billion vs $17.02 billion (Q3 2021), and $20.27 billion (Q2 2022). Earnings per share (EPS) – $0.97 vs $0.80 (Q3 2021) and $1.08 (Q2 2022). Walt Disney earnings – valuation and broker ratings Analysts are largely positive for Walt Disney shares given the declines seen over the past year, with zero ‘sell’ recommendations heading into Wednesday’s earnings. Instead, out of 32 analysts, there are 25 ‘strong buy’ or ‘buy’ recommendations, and seven ‘hold’ recommendations. Source: Eikon Walt Disney shares – technical analysis The weekly Walt Disney chart highlights the dramatic decline seen over the course of the past year, with the price falling back down towards that crucial $79.65 support zone. That level marks the bottom for both 2020 and 2016 lows, with a break below that threshold required to truly bring the long-term trajectory of the stock into question. Instead, we are seeing the price rally back up towards the important $112.84 swing high. A push above that level should form that basis of a potential bottom for the pair. Utilising the Bollinger Band also brings greater importance to this level of resistance, with the middle band coming into play for the first time six months. The previous occasion saw the price return lower, thus highlighting how important a break through this $112.84 would be. It also highlights the potential for a bearish turn from here to continue the bearish trend should earnings disappoint. Source: ProRealTime What is the wider earnings backdrop? Thus far we have seen an undeniably positive earnings season, with many companies managing to overshoot market expectations. That is important as we move into the back end of this period, with the wider market gains reflecting the pricing in of better-than-expected numbers from a majority of firms. That can mean Disney have a tough time on Wednesday, with outperformance potentially already priced in, and underperformance thus bringing a more volatile market response. Below we can see the breakdown of earnings and revenues from the 87% of S&P 500 firms that have already reported. Notably, we are yet to see any sector without a majority of firms outperforming on both earnings and revenues. Source: Eikon Joshua Mahony | Senior Market Analyst, London 09 August 2022
  25. Hi @ncalvelo, For Share trading accounts, IG operates a direct custody model. This means shares purchased through IG will be held by Citi as the legal owner, with IG as the beneficial owner. The client is the ultimate beneficial owner, therefore the additional shares were received by Citi for our aggregated holding for all clients in accordance to the terms, IG then booked the shares on each client's account. I hope that it helps ! Thank you - Arvin
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