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AshishIG

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Everything posted by AshishIG

  1. Asian stocks surged to their highest level in 15 months on Friday, led by gains in tech and Hong Kong stocks. The Japanese yen put more distance from its recent 34-year lows against the US dollar, capping a volatile week that saw suspected intervention by Japanese authorities to support the yen. With Japanese and Chinese markets closed on Friday, regional trading activity was subdued ahead of nonfarm payrolls data later in the day. The yen strengthened 0.43% to 152.99 per dollar on Friday, after touching a 34-year low of 160.245 on Monday. Traders suspect Japanese authorities spent roughly $60 billion to defend the yen this week. The US dollar index, which measures the greenback against six major currencies, was set for a 0.8% decline this week, its worst weekly performance since early March. The Federal Reserve left interest rates unchanged this week and signalled that its next policy move will be to lower rates, although strong inflation readings suggest the first cut could be a long time coming. In after-hours trading, Apple's stock surged nearly 7% after reporting better-than-expected quarterly results and unveiling a record share buyback program.
  2. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 06th April 2024. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 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 the full non-independent research disclaimer and quarterly summary.
  3. Hi @ROCKAPE63, Due to Labor Day, EU markets are closed today. As a result, we are pricing our indices out of hours, leading to wider spreads. All the best, AshishIG
  4. Hi @andyaellis, Due to Labor Day, EU markets are closed today. As a result, we are pricing our indices out of hours, leading to wider spreads. All the best, AshishIG
  5. Hi @RobotStuPot, Each market will have a maximum size limit, which varies from one market to another. If you're looking to place larger trades, we suggest reaching out to our dealers by phone first to verify if the size you desire is feasible. If not, they can help facilitate larger trades from their end. All the best, AshishIG
  6. Key stock indices ended the day in the red on Tuesday and in after-hours trading Amazon, AMD and McDonald's had mixed results while US yields and the US dollar rose ahead of today's Federal Open Market Committee (FOMC) meeting. The main focus is on Jerome Powell's press conference and what signals he gives about future interest rate policy. The expectation is he will strike a cautious but hawkish tone on inflation, given recent economic data has challenged the Fed's soft landing scenario. On the data front are UK and US manufacturing PMIs, the US ADP's non-farm estimate, job openings, mortgage applications, EIA's inventory estimates and, of course, the FOMC monetary policy meeting at which no rate cut is expected to be announced.
  7. Find below the table that shows the number of days' worth of overnight funding fees you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee. To help you manage your trading costs and make informed decisions, we have created this table that displays the number of days' worth of overnight funding fee you will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day. In the future, we will regularly publish this table at the start of each new month. Disclaimer: Please note that in some cases, the number of days may change due to public holidays or bank holidays. We will do our best to inform you of any changes as soon as possible, but we recommend that you keep an eye on the holiday calendar to avoid any surprises.
  8. Week commencing 29 April Chris Beauchamp's insight The presence of a Ferderal Reserve (Fed) meeting, non-farm payrolls and earnings from Amazon and Apple make this week a huge one for the US economy. While the Fed is not expected to change policy, the recent weaker Gross Domestic Product (GDP) and higher price growth data will cast a shadow over their deliberations. Also on the calendar this week will be GDP and consumer price index (CPI) figures from Germany and the eurozone, as well as Chinese purchasing managers index (PMI)s. Earnings continue to come through thick and fast, and along with the tech titans, Pifzer, GSK and McDonald’s all report figures. Economic reports Weekly View Monday 1pm – German CPI (April): prices expected to rise 2.3% YoY and 0.5% MoM, from 2.2% and 0.4%. Markets to watch: eurozone indices, EUR crosses Tuesday 2.30am – China PMI (April): manufacturing PMI expected to rise to 51.2 from 50.8, and non-manufacturing PMI to rise to 53.2 from 53. Markets to watch: China indices, CNH crosses 2.45am – China Caixin (April): expected to rise to 51.3 from 51.1. Markets to watch: CNH crosses 9am – German GDP (Q1, flash): QoQ and YoY growth expected to be 0.1%, from -0.3% and -0.2% respectively. Markets to watch: EUR crosses 10am – eurozone GDP (Q1, flash), CPI (April, flash): QoQ growth rate forecast to rise to 0.2% from 0%, and YoY to rise to 0.5% from 0.2%. Inflationexpected to hold at 2.4% YoY and slow to 0.6% MoM from 0.8%, and core CPI to slow to 2.8% YoY from 2.9%. Markets to watch: eurozone indices, EUR crosses 2.45pm – US Chicago PMI (April): index forecast to rise to 44 from 41.5. Markets to watch: USD crosses Wednesday 6am - Japan consumer confidence (April): index expected to rise to 39.6 from 39.5. Markets to watch: JPY crosses 1.15pm – US ADP employment report (April): 162,000 jobs expected to have been created, from 184,000. Markets to watch: US indices, USD crosses 3pm – US ISM mfg PMI (April): index forecast to slip into contraction, down to 49 from 50.3. Markets to watch: USD crosses 3.30pm – US EIA crude oil inventories (w/e 26 April): previous week saw stockpiles rise by 6.4 million barrels. Markets to watch: Brent, WTI 7pm – Fed rate decision: no change to current 5.5% rates expected, but the commentary and dot plot will be closely-watched for clues as to the direction of rates this year. Markets to watch: US indices, USD crosses Thursday 1.30pm – US initial jobless claims (w/e 27 April): preceding week’s reading 207K. Markets to watch: USD crosses Friday 1.30pm – US non-farm payrolls & employment report (April): payrolls forecast to rise by 190K, from 303K last month. Unemployment rate expected to hold at 3.8%, and average hourly earnings to rise 0.3% MoM and 4.1% YoY, in line with last month. Markets to watch: US indices, USD crosses Company announcements Monday 29 April Tuesday 30 April Wednesday 1 May Thursday 2 May Friday 3 May Full-year earnings Whitbread Trainline Half/ Quarterly earnings HSBC, Mercedes Benz, Deutsche Lufthansa, Volkswagen, Coca-Cola, Amazon, McDonald’s, Paypal GSK, Aston Martin Lagonda, Pfizer, Mastercard, eBay Shell, Standard Chartered, Apple, ConocoPhillips Société Générale Trading update* Next, Wickes, Haleon, Metro Bank, Barratt Developments Intercontinental Hotels * Please note these can change without notice Dividends FTSE 100: RELX, Glencore FTSE 250: Senior, IWG, Inchcape, Hiscox, Coats, Elementis, Genuity, 4imprint, Edinburgh Inv. Trust Dividends are applied after the close of the previous day’s session for each market. So, for example, the FTSE 100 goes ex-dividend on a Thursday, but the adjustment is applied at the close of the previous day, e.g. Wednesday. The table below shows the days in which the adjustment is applied, not the ex-dividend days. Index adjustments Monday 29 April Tuesday 30 April Wednesday 1 May Thursday 2 May Friday 3 May Monday 6 May FTSE 100 3.17 Australia 200 0.4 9.5 Wall Street 0.8 US 500 0.18 0.04 0.23 0.25 0.18 0.27 Nasdaq 0.28 0.70 1.56 Netherlands 25 0.91 EU Stocks 50 5.4 2.0 3.0 4.3 China H-Shares Singapore Blue Chip 0.06 0.62 0.04 Hong Kong HS50 South Africa 40 18 Italy 40 Japan 225
  9. Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 29th Apr 2024 and will be published weekly on Mondays. *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency
  10. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 29th April 2024. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 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 the full non-independent research disclaimer and quarterly summary.
  11. Hi @blackeagle, I'm sorry to hear about your phone being stolen. Losing access to your accounts can be very stressful. In this case, you need to remove the existing 2FA and set it up again on your new device. While this might seem inconvenient, it's an important security measure to prevent unauthorized access to your account. Please reach out to our Helpdesk for them to help disable the 2FA so that you can set it up with the new device All the best, AshishIG
  12. Hi @TonyS, Please note that we do not have a dividend reinvestment plan yet, unfortunately. Regards, AshishIG
  13. Hi @Goose1, You can currently trade these shares on a leverage account, such as Spreadbet or CFDs. All the best, AshishIG
  14. Hi @chemist66, we may need to look into your account to understand why it's not going through. Could you please send an email to helpdesk.uk@ig.com from your registered email address with your query? This way, we can investigate and assist you further. Regards, AshishIG
  15. The Ticker Symbol for a specific market can be located in the 'Info' section within the dealing tab. Please refer to the screenshot below for guidance. All the best, AshishIG
  16. Please see the interest rates that are used when IG calculates the overnight funding rate (per annum) on shares and indices. This does not include the IG admin fee. The information provided is an indication as of 22nd Apr 2024 and will be published weekly on Mondays. *** It's important to note that the rates are subject to daily changes and are based on the currency of the underlying market, not the contract currency
  17. Financial markets had a rough week amid escalating tensions in the Middle East after reports of explosions and a possible Israeli airstrike in Iran. This added to investor concerns following disappointing corporate results and hawkish comments from Federal Reserve officials. The news from Iran drove up prices for safe-haven assets like gold, the US dollar and Japanese yen, while stocks fell and bonds rallied. Comments from a Fed official warning rates may need to go higher if data calls for it also rattled investors who had been expecting rate cuts later this year. Tech shares fell sharply after chipmaker TSMC lowered its outlook for the sector, disappointing investors. UK retail sales were flat in March.
  18. @coljsteve, If you right click on the chart and select the Position option under Show > Open Positions, you should be able to view your position details on the chart. If the position is displayed but you do not see the option to adjust Stop/Limit options with the mouse, simply click on the position. Please refer to the screenshots below for guidance. Regards, AshishIG
  19. @StringTheory, unfortunately with IG, you can only trade cryptos with leverage. Regards, AshishIG
  20. Hi @Nate, Unfortunately, purchasing Gold on IG isn't available, even if it's digital gold that you can buy, hold, and later sell for updated rates. However, with IG, you can trade Gold on our CFD and Spreadbet platforms using Leverage/Margin and capitalize on price differences. You have the option for spot trading or trading futures, holding positions as long as you have sufficient funds to cover your Margin. It's important to note that with spot trading, you'll incur daily interest fees for the leverage used, whereas futures trading doesn't involve additional interest fees as they are covered within our spread. I agree that storing gold like Smaug isn't always ideal. You have to constantly worry about Dwarves, Elves, or even Hobbits! Jokes aside, you can research how to trade commodities on our platform with leverage and decide what suits you best. All the best, AshishIG
  21. Hi @Maxter, we're sorry to hear about your compromised PayPal account. Please email helpdesk.uk@ig.com to notify us and request the removal of the PayPal linked to your account. Once confirmed, you can update with the new one. Also, consider changing your IG password for added security. All the best, AshishIG
  22. Hi @coljsteve, What data are you referring to here on the chart? Regards, AshishIG
  23. Hi @Franswa38, Can you please confirm the opening price and the price at the time you took this screenshot? If the position is up by 42 pips and you are trading at $5 per pip, the amount shouldn't be that low. Do you have a screenshot that includes the price? Also, do you know the time this screenshot was taken? Regards, AshishIG
  24. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd April 2024. These are projected dividends and are 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. The amount in brackets is the expected adjustment after special dividends are 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. 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 the full non-independent research disclaimer and quarterly summary.
  25. Hi @nit2wynit, Thank you for sharing your concerns. We have forwarded the details to the appropriate team. You will receive an email with an explanation. Feel free to reach out to them if you need more clarification. We apologize for any inconvenience and thank you for your patience. Regards, AshishIG
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