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ArvinIG

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  1. Hi @SKYTAN93, You can send your documents to helpdesk.en@ig.com. Our team will forward your documents to the right department to be verified. Thank you - Arvin
  2. Australian dollar sees delayed upside reaction on Chinese data dump; China’s second-quarter GDP growth misses estimates at 0.4% y/y and AUD/USD moves higher, taking aim at Falling Wedge support. Source: Bloomberg Forex China AUD/USD Economic growth Australian dollar United States dollar AUD/USD is modestly higher after China reported a second-quarter gross domestic product (GDP) growth rate of 0.4% y/y, missing the 1.0% forecast. The growth slowdown is attributable to Covid restrictions that shuttered factories and kept people confined to their homes from March through May. A beaten-down property sector is another headwind to the Chinese economy, and homebuyers are reportedly refusing to pay mortgages across more than a dozen cities. The slowdown in the world’s second-largest economy may lead to downgrades in global growth forecasts. The International Monetary Fund’s World Economic Outlook is due for an update on July 26. In its April update, China is forecasted to grow at 4.4% for 2022, which is well below the 5.5% target China is aiming for. Copper and iron ore prices are down more than 20% since May. Beijing likely needs to open the tap on stimulus measures to support growth. Local governments are under pressure to increase special bond sales for infrastructure projects, a move that may underpin falling metal prices. Chinese policymakers appear focused on increasing the supply of credit rather than lowering rates. This morning, the one-year medium-term lending facility rate was kept unchanged at 2.85%. There were signs of recovery in the June data. Industrial production rose to a 3.9% y/y pace in June, up from 0.7% in May. June retail sales climbed 3.1% y/y, up from -6.7% and beating the 0.3% consensus forecast. If China takes a more relaxed and targeted approach to contain Covid outbreaks and stimulus measures increase, then a third-quarter rebound is a likely scenario to forecast. That may explain the upside reaction in the Australian dollar. AUD/USD technical outlook AUD/USD is up around a quarter of a percent after a volatile overnight session. Prices are nearing wedge resistance, which overlaps a trendline from the December 2021 swing high. A break above resistance would see the 20-day Simple Moving Average shift into focus. AUD/USD daily chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 15 July 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.
  3. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 18th July 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 N/A Special Div 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.
  4. Hi @R555THO, Thank you for your feedback. The IT team is investigating on the earlier FX issue on the Demo account. I believe that they will work on the data to be rectified as well. Thank you - Arvin
  5. Hi @LeoTrader, Thank you for your post. You can't change the background color at this point except from black and white. If it helps you can change the candles colors by right clicking on the chart and select Customise appearance: I will forward your feedback to the relevant team to be reviewed. Thank you - Arvin
  6. Australian dollar gyrates vs US dollar after inflation report; China’s second-quarter GDP growth rate set to cross the wires and AUD/USD outlook still bearish after prices test wedge support. Source: Bloomberg Forex China Australian dollar AUD/USD United States dollar Australia Friday’s Asia-Pacific outlook AUD/USD is little changed after swinging between gains and losses over the past 24 hours. The US dollar strengthened after a government report showed an 11.3% y/y rise in US wholesale prices, which firmed up Federal Reserve rate hike bets. Those stronger bets eased earlier this morning when Fed Governor Christopher Waller appeared to throw his support behind a 75 basis-point hike. The Dow Jones Industrial Average (DJIA) fell 0.46% at the close. Crude oil prices fell more than 4% before trimming losses. WTI crude oil is nearing a 10% loss for the month as demand shows signs of cooling. Data from the US Energy Information Administration (EIA) revealed a sharp drop in gasoline demand for the week ending July 08. That is reflected in the 1:1 oil/gasoline crack spread, a proxy for refiner margins. Iron ore prices are down in early trading, presenting a headwind for the Australian dollar. However, China may lift its ban on Australian coal. Chinese policymakers worry that increased competition amid Russian sanctions will make coal harder to source. Australia stands to benefit from higher export revenues if the two-year ban is lifted. Newcastle coal futures traded at $430 a tonne, just below its record high set back in March. China’s second-quarter gross domestic product (GDP) growth rate is slated to cross the wires today. Analysts expect the Q2 figure to show a 1.0% y/y increase, which would be down from 4.8% y/y in Q1. The lockdowns in Shanghai and other cities from April to June likely weighed on economic activity. Meanwhile, China’s property sector continues to struggle as developers miss interest payments. Moreover, reports of protests over mortgage payments are surfacing, which may draw a response from Beijing. China Merchants Bank, a firm with heavy mortgage debt exposure, fell 3.75% in Shanghai on Thursday. Notable events for July 15: China – House Price Index YoY (June) Japan – 3-Month Bill Auction Australia – HIA New Home Sales MoM (June) Hong Kong – Business Confidence (Q3) AUD/USD technical outlook AUD/USD tested wedge support overnight but has since trimmed losses and is currently little changed over the last 24 hours. Bulls would need to pierce above wedge resistance to break the current downtrend. The RSI and MACD oscillators began tracking higher toward their respective midpoints on the eight-hour timeframe. Overall, however, the case for a trend reversal looks rather weak. AUD/USD four-hour chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 15 July 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.
  7. Hi All, Thank you for your feedback. The IT team advised that the issue should be fixed now, they are investigating how the Demo server data was corrupted. Both Live and Demo accounts have they own servers. Only the Demo server was affected. Thank you - Arvin
  8. Hi @TraderX100 Mike, Thank you for sharing the screenshots. The chart is zooming out to display the your order level, limit and stop. As the limit is far from the current price it needs to zoom out to be visible. You can remove the feature "Position Preview" by right clicking on the chart > Show : I hope that it helps ! All the best - Arvin
  9. The Australian dollar inched higher after an astonishing jobs number; today’s data could prompt the RBA to follow other central bank to big hikes and if AU CPI beats to the topside, will super-sized RBA hikes boost AUD/USD? S Source: Bloomberg Forex Shares Commodities Consumer price index AUD/USD Australian dollar The Australian dollar got little help from a stellar jobs report today and the RBA might have to raise rates by a lot more than 50-basis points at their next meeting in August. The June unemployment rate came in at 3.5% against 3.8% forecast and 3.9% previously. The overall change in employment for the month was a massive 88.4k instead of 30k anticipated. Full time employment increased a whopping 52.9k, while 35.5k part time jobs were added in June. The participation rate nudged up to 66.8% from 66.7% prior and higher than the 66.7% anticipated. The extent of the good news in this report cannot be overstated, but it can be overlooked. The market is looking further down the track and sees storm clouds brewing. Source: ABS US CPI was released overnight and came in at a shocking 9.1%. That is a nightmare for the Fed when they are trying to target 2%. Entrenched inflation is much worse for an economy than a recession or two. Recession fears may ultimately cede to hyperinflation worries. The train appears to be pulling out of the station and the Fed is desperately running after it, with the market now pricing in more than 75 basis points for the next hike from them. The Bank of Canada hiked by 100 basis points overnight and the RBA might be looking at something similar if second quarter CPI comes in as hot as expected in two weeks’ time. If we break down the Australian quarterly CPI numbers, another shocking inflation report could be lurking. Source: ABS Second quarter 2021 CPI was 0.8% and this number will drop off the CPI reading that is due out 27th July. First quarter 2022 CPI was 2.1%. The first three months of the year only includes 1-month of the massive surge in commodity prices, notably energy and food. The largest increases in production costs were yet to be fully passed through to the consumer. If we assume that second quarter 2022 CPI comes in at the same rate as the first quarter (2.1%), that will give us annual read of 6.3%. Looking at the extraordinary rise in energy, food and building materials over the second quarter of this year, there is a strong chance of a much higher number. The RBA might continue might go for a jumbo hike at their next meeting on Tuesday 2nd August. Whether or not this translates into higher AUD/USD remains to be seen and global machinations will continue to impact the Aussie. AUD/USD one minute chart Source: TradingView Daniel McCarthy | Strategist 14 July 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.
  10. AGL just raised its retail electricity price in two markets by 17.5% and 18% respectively, amid rapidly rising energy prices and an historic intervention by the regulator. What does this mean for AGL’s share price? Source: Bloomberg Shares AGL Energy Coal Electricity Australian Energy Market Operator Power station AGL Energy Ltd (ASX: AGL), Australia’s largest electricity supplier, announced retail price increases of 17.5% and 18% in New South Wales and Queensland. This comes as record-high energy prices forced power companies to suspend operations when the wholesale price of electricity hit the cap of $300 per megawatt hour (MWh). In the National Energy Market (NEM), wholesale electricity prices are capped at $300/MWh. The theory behind this was that at this price, electricity generation would be profitable for everyone and higher prices than this cap would not bring forth new demand. This made sense when coal and natural gas prices were cheap. Now, however, it’s a different story. Record international coal demand, a lack of new coal supply, and tight natural domestic gas supply have driven up input prices to the extent that high-cost electricity producers can’t cover their input costs at $300/MWh. After parts of Sydney lost power, the market regulator, the Australian Energy Market Operator (AEMO), stepped in and raised the cap. A perfect storm High input prices, neglected coal fired power stations, and supply chain issues have raised wholesale electricity prices. International coal prices have hit new highs. Meanwhile, investment in coal mines – widely viewed as the worst contributors to global warming – has fallen to such an extent that BHP couldn’t even sell its Mt Arthur coal mine and instead elected to simply shut it down in 2030. Natural gas supply has struggled to keep up with demand as state governments have been reluctant to issue permits for new projects. The fields that have been permitted – largely offshore – are geared for LNG exports and don’t have the pipeline infrastructure to fill the void. On top of this, operators are struggling to maintain ageing coal-fired power plants and are even having trouble getting replacement parts. AGL closed its Loy Yang A unit 2 in Victoria in April this year with an electrical fault and a broken generator rotor. With no spare parts available, AGL says Loy Yang won’t be back operational until September. This combination has sent electricity prices in the eastern states of Australia up 5- to 10-fold from two years ago. Below are the average prices for June over the past three years: June 2020 June 2021 June 2022 2yr increase Queensland $33.71 $200.72 $400.23 1087% New South Wales $48.09 $160.04 $398.04 728% Victoria $48.66 $87.92 $296.49 509% Source: AEMO These are roughly double what they were just last year. The regulator elected to bill the taxpayer The regulator potentially tipped its hand, showing that it will prefer to compensate power producers and subsidise electricity prices rather than force companies to take on losses. Once wholesale electricity prices hit the $300 limit, AEMO had three choices: Lift the cap and force buyers to take a loss Leave the cap and force sellers to take a loss Lift the cap for sellers, retain the cap for buyers, and make up the difference with taxpayer funds The regulator went with option 3, which likely establishes what they will do in the future when prices again hit the $300 cap. This means that the retailers have some protection from government-set pricing, while the generators are unlikely to be forced to take short-term losses. As a producer and supplier, AGL could be fit to benefit at both ends AGL is both Australia’s largest electricity generator and its largest retail supplier. This means that it will benefit from both new higher retail prices, subsidies from AEMO, and possibly continued high prices for its low-cost coal-fired power plants. These higher production prices will likely offset any losses at its retail end. The 17.5-18% price hike should be gravy. Right now, AGL is trading at a low 6.7x trailing 12-month earnings and a forward dividend yield of 6.1%. For comparison, this is almost twice the yield – half the valuation – of fellow energy retailer Origin Energy Ltd, trading at a 3.5% dividend yield. Assuming the above analysis and assumptions are correct, that may leave plenty of short-term and medium-term upside for AGL shares. 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. Peter Keusgen | Financial Writer 14 July 2022
  11. Hi @DKJ, You should have statements available for trades you place, they might show in the "Daily" type. Thank you - Arvin
  12. The Australian dollar looks to hold overnight gains after USD rally pauses; the RBNZ rate decision and China’s trade data are on tap for today’s session and AUD/USD is trading in a Falling Wedge pattern. Source: Bloomberg Forex Commodities United States dollar Australian dollar AUD/USD New Zealand The Australian dollar and New Zealand dollar saw a modest rebound overnight as the US dollar moderated. The benchmark S&P 500 index closed 0.92% lower. Crude oil prices fell near multi-month lows. A rosy earnings report from PepsiCo, Inc. kicked off Wall Street’s earnings season, with the company raising its revenue outlook. Several big banks will report earnings later this week. Treasury yields fell, more so along the long end of the curve. That pushed the 2Y10Y yield spread deeper into inversion, which inflamed already high fears over a global economic recession. A Treasury auction for ten-year notes was met with weak demand ahead of tonight’s US consumer price index (CPI). Analysts expect to see US inflation increase to 8.8% y/y for June from 8.6% y/y in May. Gold prices slipped nearly half a percent despite a softer Greenback. The driving force for that weakness appeared to be a sharp drop in breakeven rates, driven by falling nominal yields and a rise in inflation-indexed yields. Silver prices were also lower. The strength in real yields may have also put pressure on oil prices. The American Petroleum Institute (API reported a surprise inventory build of 4.8 million barrels for the week ending July 8. China’s trade data for June is due out today. Analysts see exports rising 12.5% y/y and imports gaining 4.0% y/y. Some fears around Covid-related resections, currently being reintroduced across some cities, may ease if the data beats estimates. The second-quarter gross domestic product (GDP) data will follow on Friday. RBNZ rate decision on tap The New Zealand dollar is modestly higher against the Greenback after the currency pair hit a fresh multi-year low earlier this week. NZD/USD has suffered from declining commodity prices. The Reserve Bank of New Zealand (RBNZ) is expected to lift its Official Cash Rate (OCR) by 50-basis-points (bps). New Zealand faces relatively strong inflation pressures. However, ebbing demand and falling business confidence may see the RBNZ ease up on raising rates later this year. For now, real interest rates are deeply negative. If the RBNZ pulled back from its hawkish stance at this point, it would likely send the Kiwi dollar lower. Notable events for July 13: South Korea – Interest Rate Decision New Zealand – RBNZ Rate Decision China – Balance of Trade (June) AUD/USD technical outlook AUD/USD is trading below the October 2021 trendline near multi-year lows. Since late June, prices have carved out a Falling Wedge pattern. A move above wedge resistance may see prices break higher. For now, a bearish bias remains. A break below the recent multi-year low may see weakness accelerate. AUD/USD four-hour chart Source: TradingView Thomas Westwater | Analyst, DailyFX, New York City 13 July 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.
  13. Find out what to expect from Netflix’s earnings results, how they will affect Netflix share price, and how to trade Netflix’s earnings. Source: Bloomberg Shares Netflix Big Tech Streaming media Relative strength index Inflation When is Netflix’s results date? Tuesday, July 19th, after the market close, is when traders and investors can get their hands on the streaming giant’s second-quarter earnings results. Netflix share price: forecasts from Q2 results Given it’s the first of the FAANG (Facebook, Apple, Amazon, Netflix, and Google) to release its figures, it tends to be a closely watched event with implications not just for other streamers that got caught in its lower spiral following its first-quarter earnings release, but for other growth and tech-related companies. Few can forget last quarter's readings when Netflix suffered a shock loss in subscribers for the first time in over a decade. Subscription levels were down 200K which meant Netflix missed out on revenue while bested on earnings last time around, and unlike Disney and some of the other streamers that have a more diversified product offering, it’s usually all down to subscribers for Netflix. The expectation for the second quarter has been for another loss in subscribers by as much as 2 million, despite new seasons of popular titles that tend to entice both fresh and previous users to its platform. Analysts’ forecasts are for earnings per share (EPS) reading of $2.96 for the first quarter that’s lower than what we saw for the same quarter last year. That estimate has been little changed over the past two months and as for revenue, Netflix is hoping for over $8 billion. The numbers will be factored in for a fresh P/E (price-to-earnings) reading but based on current figures, Netflix put its valuation at far better levels compared to its historic average. Due to the plummet in price, strategic considerations will carry plenty of weight as investors and traders digest where it’ll be able to extract more growth and revenue. That includes how Netflix can tap into 'well over half of the world’s broadband homes' that have yet to pay for it and there are also the potential updates on gaming given the time spent by Generation Z and Millennials on other items like user-created videos, gaming, and music. This is as more regions globally (China aside) have adopted ‘living with the virus’ as opposed to lockdowns that forced them to spend more time glued to a screen. That, combined with intense competition at a time when households across the globe are suffering from rising costs, has meant multiple streaming sources in a single home have gone from the norm during the pandemic to more of an exception. Any updates on its pricing model (especially as it remains the pricier option), the extent to which it will include an ad version, how they’ll go about account sharing to boost users, as well as any possible synergies following reports last month of a possible buyout or merger ideally directed at cutting costs will no doubt noted. Netflix is expected to be more measured in terms of chasing further growth in what is the latest theme even if it’s no small streamer limited to a smaller war chest, as any gains in subscribers from these levels could be more artificial than natural depending on how they shift their model. Netflix cited 'sluggish economic growth, increasing inflation, geopolitical events' last time around, and it’s fair to say all three are on a worse footing today compared to a few months back. Overall, it’s a majority buy rating with few daring to go into the ‘underperform’ and ‘sell’ categories, with a decent amount going for ‘strong buy’. It gets interesting with the price target, as although the average amongst them dropped from over $500 back in April when prices were around $350, the target has since dropped to below $300, and once more is still well above the current market price of below $180 Trading Netflix’s Q2 results: weekly technical overview and trading strategies Although earnings are about the fundamental aspect of the company, a glance at the technicals and its difficulty to extract anything but negatives, especially when viewing it from a longer-term time frame. Prices are beneath all its main long-term weekly moving averages, with an RSI (Relative Strength Index) still in oversold territory. DMI (Directional Movement Index) shows a decent enough margin of the DI- over the DI+, and an ADX (Average Directional Movement Index) well in trending territory. The oscillations since May have meant zooming into the daily time frame paints a more consolidatory picture, with price roughly in the middle of the band, shorter-term moving averages huddled close to each other and price, an ADX reading out of trending territory, and an unclear margin for the DI- over the DI+ usually classifying its DMI as neutral. In all, when it comes to the weekly time frame, and the technical overview is a stalling bear trend in terms of classification, the ‘stalling’ is due to oscillations over the past ten weeks or so that have failed to truly offer a play for both conformist and contrarian strategies. That could change when doused with a major fundamental event like next Tuesday’s, especially as traders, market-makers, and investors will remember the double-digit percentage drops in January and April and will be eyeing a move well past levels formulated on more recent price action, making it more breakout vs. reversal. Source: IG Netflix weekly chart with key technical indicators Source: IG Netflix weekly chart with IG Client sentiment* Source: IG IG Client sentiment* and short interest for Netflix shares It’s been heavy to extreme buy bias amongst retail traders for months now (blue dotted line in the chart above as % long i.e., 93% means 93% majority buy). And it has remained in extreme buy territory throughout this period, with the latest reading at 96% as of this morning. As for sentiment on the exchange, shorts have been emboldened by the recent plummet in its price, with over 11.8m shares shorted representing 2.78% of the total number of shares floating larger than the 2.21% when our first-quarter earnings preview was released back in April. Source: IG *The percentage of IG client accounts with positions in this market that are currently long or short. Calculated to the nearest 1%, as of the start of the week for the outer circle, and the start of last week for the inner circle. Monte Safieddine | Market analyst, Dubai 13 July 2022
  14. Hi @Shermz, Your loss on the deal it self is not reflecting on Ledger but directly on your balance. The commission is deducted per side, meaning if you buy and sell that equals to two sides. Hence the $21.22 x 2 roughly. Then the conversion as mentioned would be deducted twice, once from account currency to USD and once for USD back to account currency. Your P/L is not reflecting on the Ledger. I hope that it helps - Arvin
  15. Hi @Shermz, Thank you for your post. The 21.22$ is the commission while the 3.23$ is the conversation back to your base currency. The system will automatically convert back to your base currency. You can open a CFD account and change the base currency and have a USD account for example, in this case you won't incur conversion fee unless you are depositing and withdrawing in another currency than USD. https://www.ig.com/sg/charges I hope that it helps ! All the best - Arvin
  16. Hi @closeaccount, I am sorry to hear. You can return all your funds to your card or bank account. For that specific stock feel free to reach out to see if you can sell it at 0 and close the account. All the best - Arvin
  17. Hi @DKJ, It is most likely that you haven't receive dividends during last financial year. Therefore, no Annual Tax statement will be generated for this year. Thank you - Arvin
  18. Hi @TheProwler, I would like to highlight the fact that we are actively reporting on a daily basis all the feedback to the user experience and development team. We are also conducting polls such as To improve our platform. Over the past year we added indicators and new features on our platform based on feedback. Eventually the team can't add all the features and prioritise some bigger projects but all feedback are reviewed. Thank you - Arvin
  19. Hi @TraderX100, Thank you for your post. Our Demo platform is running on a different server as our Live Platform. Could you please advise on which market you are facing this issue. If possible could you please attach a screenshot? Thank you - Arvin
  20. Hi @yunushan, Thank you for your post. You might need to verify your card. You can do so on My IG > Live Accounts > Verification. Thank you - Arvin
  21. Bank of America’s maintains buy rating ahead of Q2 results, although long-term price trend remains down. Source: Bloomberg Shares Price Price–earnings ratio United States Bank of America BoA When are the Bank of America results expected? Bank of America (BoA) is set to release second quarter (Q2) results for the fiscal year 2022 (FY22) on 18 July 2022. What is The Street’s expectations for the Q2 2022 results? The Street’s expectations for the upcoming results are as follows: Revenue: $22.8 billion (+5.67% year on year) Earnings per share (EPS): $0.78 (-2.8% year on year) How to trade BoA into the results Source: Refinitiv Refinitive data shows a consensus of (28) analyst ratings at ‘buy’ for BoA. A mean of estimates suggest a long-term share price target of $44.26 for the company. The current share price trades at a 39% discount to this assumed long term fair value (as of 8 of July 2022). Client sentiment Source: IG IG sentiment data shows that 98% of clients with open positions on the share (as of 8 July 2022) expect the price to rise over the near term, while 2% of these clients expect the price to fall. How does BoA compare to its peers in terms of valuation? Source: IG The above table compares BoA against a peer average (which includes Goldman Sachs, Citigroup, Wells Fargo, JP Morgan and Morgan Stanley) in terms of dividend yield and price to earnings (P/E) multiples. BoA currently trades at a slight premium to its sector peers in terms of a historical and forward P/E, although still at a significant discount to the S&P 500 benchmark index (at a P/E of 28 times). The group’s dividend offering has been slightly lower than its peers in aggregate. BoA – technical view Source: IG charts The long-term price trend for the BoA share price remains down, evidenced by the price trading firmly below the 200-day simple moving average (SMA) - blue line - and the red trend line on our chart. The share is however moving out of oversold territory in the very near term. The long-term trend takes precedence with support at 28.15 and 26.60 respective downside targets. Only if a rebound from oversold territory takes the price back above the major high at 37.45, would we reassess the merits of returning a long bias to trades on the company. Summary BoA is set to release Q2 2022 results on the 18 July 2022 Q2 2022 are expected to show a year on year increase in revenue and marginal decline in EPS Long-term broker consensus suggests the share to currently be a ‘buy’, with a longer-term price target of $44.36 IG clients with open positions on the share are predominantly long The long-term price trend remains down for BoA Only if a rebound from oversold territory can take the price back above a major high, we would reassess the merits of a long bias to trades on the company once again Shaun Murison | Senior Market Analyst, Johannesburg 12 July 2022
  22. Twitter has appointed a legal firm to take Elon Musk to court to either force him to complete on the $44 billion deal or pay the $1bln break fee after stating he wants to walk away from his proposal to buy Twitter (TWTR). Shares Twitter Elon Musk Social media Twitter, Inc. News Early trade on the IG platform for the social media giant, Twitter, suggests it's going to open around about 7% below where it closed out Friday's trade. We've been hearing over the weekend the reaction to the news on Friday that Elon Musk wants to drop his bid for the social media company. Twitter, over the weekend, appointing the law firm Wachtell, Lipton, Rosen & Katz, which is a well-known firm on Wall Street, to look at taking issue with Elon Musk's positioning, either to force Musk to go through with the $44 billion deal or to come up with the $1 billion break fee. Let's take a look at the share price chart. We can see quite clearly here this drop of 7%, and in today's session We've just peaked, albeit briefly, below this line of support at $33.60 to take us down there, intraday, down to levels not seen since the 15th March. So quite clearly there is some downside to come when we look at the US trade later on today. Elon Musk said on Friday he planned to walk away from the deal, arguing that Twitter had failed to provide enough information to prove that the number of fake and spam accounts on its platform stands at less than 5%, as it has long estimated. Now, A legal case on this will force Twitter to come out into the open to declare exactly what's going on in terms of the fake and spam accounts that it has, and that could cause some embarrassment for the company, and I suspect we could see more downside to come, potentially, if this does turn into a dirty legal battle. Jeremy Naylor | Writer, London 12 July 2022
  23. Hi @tokeeffe, The IT team said that it should be fixed. Could you please try again and advise if it is working for you? Thank you - Arvin
  24. Hi @plonks, The Corporate action advised that there is nothing you need to do on your end. IG is waiting for the broker to credit the funds for IG to process the event. Thank you - Arvin
  25. Hi @nickcamel, You can reach out to webapisupport@ig.com for assistance on API. Send them as much information as possible, they will come back to you accordingly. All the best - Arvin
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