Jump to content

OfentseIG

Administrators
  • Posts

    622
  • Joined

  • Last visited

Blog Entries posted by OfentseIG

  1. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 5th December 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
    STOXX / CAC
    TTE FP
    6/12/2022
    Special Dividend
    1
     
     
    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.
  2. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 28th November 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
     
     
    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.
  3. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 7th November 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
     
     
    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. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 14th November 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
     
     
    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.
  5. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 31st October 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
     
     
    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.
  6. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24th October 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
    IBEX
    ITX SM
    31/10/2022
    Special Div
    0.243
     
    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.
     
  7. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17th October 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
     
     
    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.
  8. OfentseIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 10th October 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 (to be provided shortly)
            Index
    Bloomberg Code
    Effective Date
    Summary
    Dividend Amount
    N/A
     
     
    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.
  9. OfentseIG

    Analyst piece
    We look at what makes UniSwap different, what drives its price, and its recent price action.
     

    Kyle Rodda | Market Analyst, IG Australia | Publication date: Wednesday 05 October 2022 In this week’s article, we shine a light on UniSwap. We look at what it is, what drives its price, and what the charts might suggest about where it may head next.
    What is Uniswap?
    According to its website, UniSwap is an 'open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum'. The network has been established to eliminate traditional intermediaries and 'unnecessary forms of rent extraction,' creating a secure and efficient alternative to existing exchanges.
    UniSwap’s major point of difference is its capacity to create liquidity pools for digital assets. A liquidity pool is a digital collection of cryptocurrency secured by a smart contract.
    As we have discussed here in the past, a smart contract is a self-executing line of code with the terms of an agreement between buyer and seller automatically verified and executed via a computer network. So, UniSwap allows cryptocurrency traders to swap tokens efficiently and securely, and without the need to match a buyer to every seller.
    As of October 2022, UniSwap has seen $1.2 trillion in trade volume and processed 112 million+ trades. It has also integrated more than 300 decentralized apps onto the platform.
    Source: Bloomberg What moves UniSwap prices?
    As we have discussed here in the past, all crypto-assets move in sympathy with monetary policy expectations and general market sentiment. UniSwap is no exception. However, unlike some cryptocurrencies, UniSwap is designed to be more than an alternative asset or form of money.
    It has been created to improve and add value to the broader cryptocurrency ecosystem.
    Assuming that it protects its dominant market position, UniSwap is a network that ought to benefit from growth in the cryptocurrency ecosystem and the subsequent higher transaction volumes. That will rely on a greater number of applications utilizing Uniswap Because it operates on the Ethereum network, UniSwap’s fundamental success will also be driven by its expansion and adoption.
      Technical analysis of UniSwap
    As mentioned, UniSwap trades in line with sentiment in cryptocurrency markets. As result, it remains in a clear downtrend, after hitting its all-time high during the crypto bubble of early 2021.
    Compared to its larger counterparts, UniSwap’s price action looks more constructive in the bigger picture. The daily charts are indicating a nascent turnaround in momentum, with the daily RSI moving higher and through the 50-level.
    Price is also testing the 50, 100, and 200-day moving averages, a breakthrough that would be a bullish signal. Resistance is just above current prices at about 6.78, which could open a rally towards the 8.00 level. Support is likely around the 20-day MA, and below that, just above 5.00.
    UniSwap daily chart
    Source: IG
  10. OfentseIG

    Market News
    US indices surged higher for the second straight day, seemingly with the bear trap last Friday propelling the strong up-move, as the previous break below the June bottom for major US indices could draw in some shorts.
    Source: Bloomberg   Forex Indices Commodities United States Gold S&P 500  Yeap Jun Rong | Market Strategist, IG Singapore | Publication date: Wednesday 05 October 2022 Market Recap

    US indices surged higher for the second straight day (DJIA +2.80%; S&P 500 +3.06%; Nasdaq +3.34%), seemingly with the bear trap last Friday propelling the strong up-move, as the previous break below the June bottom for major US indices could draw in some shorts. The catalyst for the relief rally continues to revolve around poor economic data, which is in line with the Fed’s direction of seeing ‘more pain’. After the lacklustre US manufacturing PMI reading to start the week, the catalyst yesterday seems to be the worse-than-expected US job openings number for August, which delivered its biggest drop since April 2020. The decrease in openings is more prominent in the services sector, which may provide some hint for a weaker ISM services PMI reading, releasing later tonight.
    The Fed Funds futures revealed that market pricing for a 75 basis-point hike in the November Federal Open Market Committee (FOMC) meeting has actually increased to 75%, which is a build-up from previous week, but markets are leaning towards a potential rate cut in June next year with the quicker moderation in economic conditions presented. A push-back from the Fed could still be likely, but with the next FOMC meeting a month away, that provides some room to recover before the upcoming earning season takes centre stage. The further decline in the US dollar (-1.27%) continues to provide the go-ahead for risk sentiment yesterday but its prevailing upward trend thus far will leave the 108.50 level on watch as a strong line of support.
    Overnight gains were broad-based across all 11 US 500 sectors, as defensives underperformed. The energy sector (+4.34%) is the top performer, riding on an ongoing recovery in oil prices. The OPEC+ meeting will be on watch for the scale of production cuts later, with a cut of as big as two million barrels per day (bpd) now on the table from previous one million bpd. Twitter surged 23% with Elon Musk proposing the go-ahead for his US$44 billion acquisition. As opposed to other US indices, the Russell 2000 index has managed to defend its June bottom thus far. Further upmove may leave the 1,835 level on watch as the next line of resistance, where a 23.6% Fibonacci retracement resides. That said, it may seem too early to conclude the bottom, considering that moderation in corporate earnings will pose the next stage of challenge, which could have greater impact on small-cap companies. Thus far, the bottom in corporate earnings has not been presented.
    Source: IG Charts Asia Open
    Asian stocks look set for a slight positive open, with Nikkei +0.27%, ASX +1.48% and KOSPI +0.37% at the time of writing. The Hong Kong market will be back online after its holiday break, which could see some catch-up performance from recent risk-on environment. The Nasdaq Golden Dragon China Index is up more than 5% overnight. China markets remain closed for the week.
    The highlight for Asia may continue to revolve around the surprise 25 basis-point hike from the RBA yesterday, where consensus were previously leaning towards a 50 basis-point increase. The slowdown in the RBA’s hiking process may have further reinforced some dovish sentiments for the Fed yesterday as well, which may reflect that global growth conditions may be becoming more prominent on the central bank’s radar and further hikes could be more measured. The Australian dollar did not take it in stride, with the AUD/JPY failing to overcome the 94.00 level of resistance. Interest rate decision out of the RBNZ will be on watch today, with market expectations leaning towards another 50 basis-point hike to 3.5%.
    For the NZD/USD, oversold technical conditions may be supportive of some recovery, along with a bullish crossover on MACD. Guidance to rate outlook will be key, especially after the step-down from the RBA yesterday. Sticking to its hawkish view may lead a move to retest the 0.590 level, but the overall downward trend could still seem hard to reverse at current point in time.
    Source: IG Charts On the watchlist: 7% surge in gold prices over past week brings a retest of channel resistance
    Gold prices have been tapping on the sharp retracement in the US dollar over the past week to move higher, along with some breather in US Treasury yields serving as tailwind for the non-yielding asset as well. After reclaiming back above its key US$1,680 level on the improved risk environment, gold prices are currently retesting its upper channel resistance at the US$1,725 level. This level may be closely watched as the downward channel has been in place since March this year, which also coincides with a key 38.2% Fibonacci retracement level, therefore any break above this channel could suggest a potential longer-term shift in sentiments. Much will continue to revolve around the US dollar, which seems en route to retest the 108.50 level, but continues to retain its upward trend thus far. A break above the descending channel pattern for gold will leave the US$1,765 level on watch next.
    Source: IG Charts Tuesday: DJIA +2.80%; S&P 500 +3.06%; Nasdaq +3.34%, DAX +3.78%, FTSE +2.57%
×
×
  • Create New...
us