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ArvinIG

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  1. NASDAQ 100, TREASURY YIELDS, INTEL EARNINGS, DOW JONES - TALKING POINTS Nasdaq 100 leads markets higher as Treasury yields decline following disappointing jobs data Intel reports Q2 Earnings, Revenues & EPS beat estimates, full year guidance raised Nasdaq 100 gearing up for another test of 15,000 following constructive price action, earnings US equity benchmarks continued their march higher on Thursday, led by the Nasdaq 100. Tech shares bounced on declines in US Treasury yields, which came following a disappointing and unexpected jump in unemployment claims. Market participants appear to be positioning into tech-related equities prior to next week, which will see some of the largest tech firms report their quarterly earnings. The Dow Jones posted its third consecutive day of gains, while the S&P 500 also notched slight gains. NASDAQ 100 1 HOUR CHART Chart provided by TradingView Intel reported earnings for Q2, with many following along for guidance as it relates to the global semiconductor shortage. Intel posted a strong quarter, beating revenue and earnings estimates. Q2 EPS came in at $1.28 per share, vs. estimates of $1.07. Revenues totaled $18.5 billion, against a consensus estimate of $17.8 billion. The world’s largest chipmaker also raised 2021 guidance, indicating that there may be light at the end of the tunnel for chipmakers and those reliant on their chips. Despite the strong quarter, shares of Intel dipped slightly in immediate after-hours trading. Broader markets have rebounded well this week following concerns over the Delta variant of COVID. The largest and most significant Nasdaq 100 constituents begin to report earnings next week, which may explain this week’s bullish price action. The question remains whether strong earnings will be enough to propel markets higher, with the tech-heavy index having already tested the 15,000 level. The S&P 500 slipped on Monday, tagging its 50-day moving average. The bounce following Monday’s decline sees the index retest an ascending trendline from November 2020, which may act as near-term resistance. “Under the surface” rotation may help prevent a broader sell-off, but future retracements back to the 50-day MA may persist given 2021’s price action. S&P 500 (SPX) DAILY CHART Chart provided by TradingView Brendan Fagan, Intern for DailyFX July 23 2021 To contact Brendan, use the comments section below or @BrendanFaganFX on Twitter DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES
  2. Hi @Mikey192, In these situation you will need to contact us as soon as possible to help you close your position and investigate. The best way to do so is to call 1800 601 799 or email helpdesk.au@ig.com. All the best - Arvin
  3. Hi @JackAnon, As far as I know dividends are credited to your account and your balance. Your balance being in one specific currency and not crypto, that wouldn't be possible. All the best - Arvin
  4. Hi Drengur, Depending on your location, for UK the statements should be online now. As for Australia the statements will be ready next week. All the best - Arvin
  5. Hi all, Once you add your Open Positions to the Workspace you can select what columns you would like to display. There is one called Points. I hope that it helps ! All the best - Arvin
  6. Hi @nit2wynit, once you click on your open position on the left hand side, the chart will appear. Right click on the chart and make sure that in "Show" Open Positions is ticked as below : If you still have an issue, please take a screenshot and send your query to helpdesk.uk@ig.com . All the best - Arvin
  7. Hi @DG1066, We do have refer a friend schemes depending on where you are located. Have a look into that link https://www.ig.com/en/refer-a-friend. All the best - Arvin
  8. Hi @Margaretobrien, Unfortunately we do not assist on coding as ProRealTime is a third party Software. Nevertheless, someone from the community might be able to help you. All the best - Arvin
  9. Hi @Fatbrain, Once you added your watchlist to the workspace. You can select the options below to be added as a column: I hope that it helps. All the best - Arvin
  10. Hi Chapple1984, Could you please have a look on this page. If you still have an issue, please take a screenshot and send it to helpdesk.uk@ig.com with your account details. We will be able to assist your further with your issue. All the best - Arvin
  11. Hi @WhatIsFree @Mcarrigan, You can find all the details on how to transfer in/out of IG on this page : https://www.ig.com/uk/help-and-support/investments/transferring-investments For a transfer from a UK-based broker to IG, click here. I hope that it helps! All the best - Arvin
  12. Hi @rwat11, Once a company undergoes a corporate action such as a stock split, the Corporate action team will make the changes on your account. They will sell and buy the shares at 0 because the system is design that way. Once completed you will have to edit your book cost by following the steps of this link here. Once edited you P&L will be adjusted correctly. I hope that it helps ! All the best - Arvin
  13. UK banks have seen their uptrends stall, with some caution regarding the outlook for the UK reflected in declines for Lloyds’ and Barclays’ share prices. Source: Bloomberg Shares United Kingdom Price Barclays NatWest Market sentiment What’s the outlook for UK banks? The UK economic recovery appears to have slowed, and this is worrying news for UK bank stocks. Barclays, NatWest and Lloyds are all highly dependent on the British economy and consumer/business spending. A slowdown here would be reflected in earnings and would pose a risk to the ongoing rally in bank stocks that has held up fairly well since October last year. UK banks have been bolstered by news that the Bank of England (BoE) has removed the rules around dividends and buybacks, but their shares have yet to respond in a positive fashion. Indeed, the sector has seen a pullback since its peak in early June, although the overall uptrend is still intact. Paradoxically, this may be a good thing as we prepare for first-half earnings from UK-listed banks, since it indicates that expectations around performance have been trimmed, allowing for the possibility that earnings will be well-received. UK banks share price – technical analysis Barclays Lloyds NatWest Barclays share price The Barclays share price peaked for the time being in April around 190p, and since then a steady decline has taken place. However, the price appears to have found support around 160p, heading towards the 200-day simple moving average (SMA) at 156p and edging higher. The key now is a break above short-term trendline resistance from late June, which would suggest a rally above 170p, in order to establish a more bullish view. Source: ProRealTime Learn more on how to buy, sell and short Barclays shares Lloyds share price Lloyds’ overall uptrend remains intact despite some weakness since the beginning of June. The shares remain in a descending channel from the June high, with a move above 46.8p required to signal a breakout is in progress. This would also signal that the bounce from 43.3p has created a higher low, helping to revive the uptrend and negating the negative view created by the drop below the 100-day SMA (44.9p). Source: ProRealTime Learn more on how to buy, sell and short Lloyds shares NatWest share price For NatWest, the uptrend has paused, with gains stalling around 210p since the beginning of June. Dips into the 190p zone have found support, so another bounce towards 210p seems likely, with a more long-term bullish view requiring a push above (and daily close above) 210p. Source: ProRealTime Learn more on how to buy, sell and short NatWest shares Chris Beauchamp | Chief Market Analyst, London 22 July 2021
  14. ‘Afterpay has always stood apart in the way it connects with customers around common core values of simplicity, transparency and trust.’ Source: Bloomberg Shares Money Bank Westpac Customer Morgan Stanley On Tuesday, 20 July, we received greater clarity on what Afterpay’s ‘Money by Afterpay’ product would look like and when it would likely be rolled out in Australia. Hype around this product, which was being rolled out with the help of Westpac’s white-label banking as a service product, has been building for some time. The sell-side has been particularly keen, with Morgan Stanley analysts – who have been consistently bullish on the name – in June making the rather bold claim that the service could help Afterpay double its Australian revenue. Quantifying that impact: by 2025, the investment bank thinks Afterpay Money could contribute as much as $589 million in revenue to the group. And as one final point, as we wrote previously, ‘Beyond its potential positive impact on the top-line, [Morgan Stanley thinks] Afterpay Money could also help the company boost engagement, reduce processing costs, and provide the company with more granular data on its customers. New insights These bold estimates were tempered by some concrete details courtesy of Afterpay on Tuesday, 20 July. Described as a money and lifestyle app – ‘Money by Afterpay’ – is aimed at helping individuals ‘trust themselves with money management’ and will initially give its users access to: A 1% per annum interest account A daily account with an attached, physical debt card, digital wallet, as well as the ability to send and receive payments It was noted that it is currently proposed that the Afterpay Money daily account would not charge its customers fees, which according to the company, would make it ideal for daily and commonplace transactions. To access the Afterpay Money App, users would need an existing Afterpay account. Management said they intended to rollout Afterpay Money in October after trailing the service amongst employees in July. Elsewhere, the company announced that it had been granted an Australian Financial Services License (AFLS), which would enable Afterpay to provide general financial advice to its customer-base. Management commentary According to co-CEOs, Anthony Eisen and Nick Molnar: 'Afterpay has always stood apart in the way it connects with customers around common core values of simplicity, transparency and trust. Ultimately, with Money by Afterpay, our goal is to make managing your money simple, frictionless and stress-free.' ‘The money app, which will be rolled out through the company's banking as a service collaboration with Westpac, demonstrates that Afterpay ‘can quickly move at pace to get well ahead of customer expectations and bring both cutting-edge features and true 'surprise and delight' to the experience,’ the co-CEOs added. The Afterpay share price finished out Tuesday's session 1.64% higher at $106.62 per share. The stock continued to rise on Wednesday. Do you have a view on the markets? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform. For example, to buy (long) or sell (short) a variety of local and international stocks using CFDs, follow these easy steps: Create an IG Trading Account or log in to your existing account Enter <Company name> in the search bar and select it Choose your position size Click on ‘buy’ or ‘sell’ in the deal ticket Confirm the trade For investors not looking to trade stocks, you can invest in shares directly through our share trading service. Shane Walton | Financial Writer, Australia 21 July 2021
  15. Hi@Samlau3388, On this page you will find details about the Patter day trader rule : https://www.ig.com/en/trading-strategies/pattern-day-trading-explained-200330 it does mention : For Australia, the same will apply as IG Australia is regulated by the ASIC. I hope that it helps. All the best - Arvin
  16. Hi @Richard021977, Unfortunately, with our Demo account you won't be able to access L2 data. All the best - Arvin
  17. Hi @TommyC, Once you open a chart on your screen, if you "tap" on the chart a menu will appear at the bottom. You will be able to select the interval from there. All the best - Arvin
  18. Hi @oldhouse56, Once on the platform, select Positions on the left hand side, then click on close on the right hand side to close the position: I hope that it helps ! All the best - Arvin
  19. Hi Serah, From the latest update they should be available by early next week. All the best - Arvin
  20. Hi @BigDeal, Thank you for your suggestion, we are forwarding all the feedback and suggestions on a daily basis to the relevant department to improve our customers experience. Some of the projects we are working on take a lot of time before they can go live. It is a good idea to have a space for the client to share their thoughts on how to improve the platform because your are the end users. We do have this forum available https://community.ig.com/forums/forum/14-feedback-and-suggestions/ to share your ideas. The poll idea is something we are thinking about. Thank you - Arvin
  21. Hi Ben10, Unfortunately we do not offer Demo accounts with Share dealing only. You can buy shares through leverage on the Demo though. All the best - Arvin
  22. Hi @DC101, GSFP is now available on the platform : All the best - Arvin
  23. Hi @Chevron39, Once on a chart you can right click on the chart, you will select Customise appearance: Then, this window will appear, make you changed and click apply : Once done, you can right click on the chart an go the Layouts > Save as, to save your appearance. I hope that it helps. All the best - Arvin
  24. CRUDE OIL PRICE OUTLOOK: Crude oil broke beneath a key trendline from March 2020 after reversing around the $67 mark Demand concerns and a strong USD could continue to eat away at crude prices in the coming days S&P 500, Dow Jones & NDX Technical Analysis: Down but Not Out (Yet) CRUDE OIL PRICE FORECAST: DELTA VARIANT CONCERNS SPARK SHARP REVERSAL - THE MACRO SETUP Crude oil suffered a sharp reversal to start the week as worries about the delta variant of the coronavirus sparked demand concerns. A resurgent US Dollar on the back of safe haven demand was likely another contributing factor to recent crude oil weakness and the fundamental forces have seen price crater beneath a key technical level. Derived from the pandemic lows in March, the trendline in question had helped guide crude oil higher for months and its recent failure could open the door to deeper losses for the commodity in the days ahead. CRUDE OIL PRICE CHART: DAILY TIME FRAME (JULY 2018 – JULY 2021) While the pace of declines has slowed, damage to the technical landscape has been dealt and the clear break beneath the March 2020 trendline constitutes a significant development for technicians. With arguably the most important trendline on the chart broken, subsequent support becomes less formidable and, should crude reverse higher, prior support will likely serve as resistance. Thus, the shift in the fundamental landscape has been followed by a similar downgrade in the technical landscape and further losses in the days ahead appear a real possibility. CRUDE OIL PRICE CHART: 1 - HOUR TIME FRAME (MAY 2021 – JULY 2021) With that in mind, secondary support becomes all the more crucial and areas that might offer assistance to bulls seem few and far between until the $62 to $60 area where the commodity’s May swing low resides alongside the 200-day simple and exponential moving averages. At the underside of the range is the psychologically-significant $60 mark that might serve as the next “line in the sand” standing in the way of another significant leg lower. In this week’s episode of The Macro Setup myself, Guy Adami and Dan Nathan discuss the case for a continuation lower in crude oil and the various levels to watch among other price action unfolding in the market. Click on the video attached to the top of this article to watch the full episode. In the meantime, follow @PeterHanksFX on Twitter for updates and analysis. Peter Hanks, Strategist for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES
  25. We spotlight ten of the largest and most important mining companies currently listed on the Australian Stock Exchange. Source: Bloomberg Indices Shares Commodities Mining Gold Australia Mining in Australia: what you need to know Top ASX mining stocks How to buy or invest in mining stocks 10 best ASX mining stocks to watch in 2021 Top ASX mining stocks: Where next? Mining in Australia: what you need to know Australia is known as the lucky country. Though this notion was conceived as an insult to Australian culture, there is no denying that Australians, when compared to the rest of the world, possess enviable wealth. A matter of luck indeed, this wealth has been sustained by way of virtue of the abundance of raw minerals that exist underneath the Australian soil. Reflecting that fact, the total value of mineral exports have risen steadily over time, in 2020 generating $270 billion in export revenue and making up 62% of the country's total export revenue. Of that, a significant portion was driven by iron ore exports, with iron ore exports hitting $116 billion in 2020. Coal, gold and copper make up the next most valuable exports – though as the table below highlights – combined they still are not as valuable as iron ore. Commodity Export Value (2020) Associated Stocks Iron ore $116 billion FMG, BHP, RIO, Coal $54.6 billion YAL, WHC, BHP Gold $27.1 billion NCM, NST, EVN Copper $10.4 billion OZL, SFR, AIS Ultimately, being right at the doorstep of China, Australia’s economy has been in prime position to exploit the Chinese economic miracle. As China has grown, and their need for industrial materials increased, Australia has played a significant role in building and fuelling the Chinese economic engine. While not the nation’s only trading partner, the list of minerals that Australia mines and exports is illustrative of the Chinese and Australian economic relationship. The most well-known of Australia’s mineral exports include iron ore, coal, lead and gold. In fact, Australia is the world’s largest exporter of iron ore and coal, and the world’s second-largest exporter of gold. Top ASX mining stocks BHP Group Fortescue Metals Group Rio Tinto Newcrest Mining South32 Northern Star Resources Mineral Resources Evolution Mining Oz Minerals IGO Company Ticker Related Commodity Share Price Market Capitalisation BHP Group BHP Iron ore, coal, copper, petroleum, nickel $50.50 $152.8bn Fortescue Metals Group FMG Iron ore $25.42 $79.3bn Rio Tinto RIO Iron ore, aluminium, gold, copper $127.83 $48.4bn Newcrest Mining NCM Gold $26.37 $21.9bn South32 S32 Coal, aluminium $2.87 $13.8bn Northern Star Resources NST Gold $10.29 $12.49bn Mineral Resources MIN Iron ore, lithium $59.27 $11.32bn Evolution Mining EVN Gold $4.28 $8.01bn Oz Minerals OZL Copper, gold $20.81 $7.1bn IGO IGO Cobalt, nickel, copper, $8.38 $6.48bn How to buy or invest in mining stocks You can invest in any of the ASX-listed mining stocks we have discussed today in two ways: either through share trading or derivatives trading. Share trading means that you take direct ownership of a company’s stock, meaning you could potentially profit if the share price increases in value or benefit from any dividends a company might decide to pay. By comparison to owning the shares outright, derivatives trading – such as CFD trading – allows you to speculate on the price movement of a company’s shares without actually taking ownership of them. Benefits of CFD trading CFD trading may prove attractive to some investors for a number of reasons, including the flexibility to trade stocks long and short, the ease of which it allows one to hedge, as well as the ability to gain larger exposure to an asset through leverage. Follow the simple steps below to start investing or trading mining stocks: Investing in mining shares Create or log in to your share dealing account and go to our trading platform Search for the stock you would like to invest in Select ‘buy’ in the deal ticket to open your investment position Choose the number of shares you want to buy Confirm your purchase and monitor your investment Trading mining shares Create or log in to your trading account and go to our trading platform Decide whether CFD trading is right for you Search for the stock you would like to trade Choose your position size Open your position and monitor your trade Learn about the costs associated with trading and investing with IG here. 10 best ASX mining stocks to watch in 2021 Below we look at the top 10 mining ASX-listed mining stocks that investors may want to watch in the year ahead, ranked from highest market capitalisation to lowest. 1.BHP Group share price +17.28% YTD BHP Group is Australia’s largest diversified mining company, with operations spanning iron ore, coal, copper, petroleum, gas and nickel. BHP, like Fortescue and Rio Tinto, has been a significant benefactor of the recent runup in iron ore prices, with the company’s share price and profits rising firmly in the last year. The stock is dual-listed, with stock tradable on both the Australian Stock Exchange and the London Stock Exchange. Despite that dual-listing, the company remains headquartered in Melbourne, Australia. Trade BHP shares. 2.Fortescue Metals Group share price +2.50% YTD Unlike BHP Group, Fortescue Metals Group is a pure play iron ore miner. Though the company was mired by operational uncertainty at the start of the last decade, it has since grown from strength to strength, currently standing as the seventh largest, public company in Australia. As noted at the start, much of that can be attributed to China’s insatiable demand for iron ore products, with FMG’s lower grade mix increasing exponentially in popularity in the last few years. Trade Fortescue shares. 3.Rio Tinto share price +10.81% YTD Smaller than FMG and more closely resembling BHP, Rio Tinto has diverse mining operations, with a main focus on iron ore, aluminium, and copper. Despite being worth nearly $50 billion, the miner has faced a number of controversies and setbacks in recent times. In 2020 the company destroyed a key aboriginal cultural site – Juukan Gorge – with the CEO at the time, stepping down in response. More recently, the miner’s expansion attempts in Mongolia – through the Oyu Tolgoi mine, which commands one of the world’s largest copper and gold deposits – have hit regulatory setbacks and seen substantial CAPEX increases. Trade Rio Tinto shares. 4.Newcrest Mining share price -2.37% YTD Departing from the iron ore theme, Newcrest Mining represents Australia’s largest gold producer, boasting a market capitalisation in excess of $20 billion. Despite being listed in Australia, Newcrest has operations spanning the globe, with mines in Canada, Australia, PNG, and Papua New Guinea. Centrally, the miner touts low-cost and long-life mines, and also has a number of promising brownfield and greenfield projects in the pipeline. Trade Newcrest shares. 5.South32 share price +14.80% YTD Despite trading well-off its 2018 peak, not to mention the myriad of environmental concerns around coal, with iron ore exports remaining an important part of Australia’s economic health, South32 retains its prominence. While South32 may be best known for its coal operations, the miner’s operations span significantly beyond that, with production across aluminium, energy, metallurgical coal, manganese, nickel, silver, lead and zinc. Trade South32 shares. 6.Northern Star Resources share price -22.57% YTD While not as large as Newcrest, Northern Star touts a number of tier-1, low sovereign risk operations across Australia (Jundee, South Kalgoorlie) and North America (Pojo). Speaking to the prolific nature of these operations, at the time of and to date, the miner had produced over 20 million ounces of gold. As the miner notes on its website: ‘Northern Star has a portfolio of low-cost, high-grade underground gold mines, and is firmly focused on maximising Shareholder returns.’ Trade Northern Star shares. 7.Mineral Resources share price +54.07% YTD The smallest of the iron ore miners on this list, Mineral Resources nonetheless boasts a portfolio of what is described as a set of world-class mine sites across the Pilbara and Goldfields regions within Australia. A distinctly forward-focused miner, as the company notes on its website: ‘We look for opportunities to grow our core business through producing commodities and innovation. In executing this model, we are undertaking a number of key growth projects that, combined, will deliver a 30 to 50-year pipeline of work to our mining services business.’ Between June 2016 and June 2021, the Mineral Resources share price gained almost 484%, making it one of the best performing stocks on this list. Trade Mineral Resources shares. 8.Evolution Mining share price -18.79% YTD Like Northern Star, Evolution Mining focuses on low risk, tier-1 jurisdictions – with operations across Canada and Australia. The miner’s key growth prospects include: Cowal underground, Red Lake transformation, Ernest Henry mine life extensions and Mungari discovery. From a strategic perspective, management said that Evolution was focused on driving growth by ‘improving the quality of our assets rather than increasing the number of assets in the portfolio.’ The company maintains that mid-tier producers tend to deliver shareholders with the best returns. Between June 2016 and June 2021, the Evolution Mining share price has risen over 100%. Trade Evolution Mining shares. 9.Oz Minerals share price +7.49% YTD Counting itself as Australia’s third largest copper producer, Oz Minerals is well positioned to benefit from the country’s significant presence in the global copper market. Investors appear optimistic about the miners prospects too: between June 2016 and June 2021, the stock has risen over 300%. With operations across Australia and assets in Brazil, Oz Minerals describes itself as a ‘Modern Mining Company that adapts to the ever changing environment, harnessing the innovative ideas of our people and collaborating to leverage the experience of those around us.’ Trade Oz Minerals shares. 10.IGO share price +24.70% YTD While mining companies are often accused of harming the environment, IGO, through its Nova nickel-copper-cobalt operation, is focused on developing mine sites to drive a clean energy future. To that end, beyond IGO’s existing Nova project, the miner has a number of exploration projects across Australia and Greenland in progress, including Kimberley, Paterson, Raptor, Lack Mackay, Fraser Range, and Frontier. ‘Exploration and discovery are core to the IGO DNA. It is a key platform for our growth-in-value strategy.’ Investors have taken notice: between June 2016 and June 2021 the IGO share price has more than doubled. Trade IGO shares. Top ASX mining stocks: Where next? The mining industry has delivered to Australians extraordinary wealth and good fortune. The country’s post-colonial history has been punctuated by periods of mining booms, that has been used to develop the wealth of the nation. Since the rise of China as an economic powerhouse in the early 2000’s, contemporary Australians have been lucky enough to enjoy the riches generated from mining activities. Arguably, with the help of Chinese economic stimulus to spur the demand, it was the boom in commodity prices and mining activity that guided Australia through the worst of the Global Financial Crisis unscathed. Such a dependence on the export of raw materials is a risk to the Australian economy. It’s often said in Australia that the nation’s economic model is to dig stuff up and speculate the proceeds on residential housing. The country’s economic welfare is very much tied to global growth and can therefore be exposed to the whims of the economic cycle. However, with new innovations in the global economy, such as the growth in the electric car market, and developments in the renewable energy industry, Australian miners have moved to exploit the country’s vast deposits of minerals like lithium and uranium. Here are some other articles you might be interested in: Our deep dive into Australia’s lithium market: Top ASX Lithium Stocks to Watch in 2021 A closer look at gold and silver equities: Best gold and silver stock Shane Walton | Financial Writer, Australia 20 July 2021
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