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AshishIG

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  1. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd Oct 2023. 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.
  2. After rallying on Monday, the Nikkei 225 led the Asian session lower overnight, reversing hopes that losses for Japan had been halted. Rising yields across the globe have driven losses in stocks, though US stocks struggled into positive territory at the close yesterday as some of the selling pressure of the past week eased. However, the theme of higher yields is likely to continue to keep pressuring stocks, resulting in more losses in what is often a difficult period of the year for equities anyway. US lawmakers continue efforts to try and find a short-term funding solution that will avoid a government shutdown. Futures point to a weaker open for Europe and the US, with little heavyweight macro data to detract from the focus on higher yields.
  3. Key US indices declined after the Federal Reserve's rates announcement with the Nasdaq dropping 3.30%, the S&P closing 2.93% lower and the Dow Jones slipping 654 points. Indices Stock market index S&P 500 Personal consumption expenditures price index Nasdaq Inflation Tony Sycamore | Market Analyst, Australia | Publication date: Monday 25 September 2023 12:13 Key US stock indices decline Aside from the now-standard Monday rally, key US stock indices lost ground every other day last week. The decline accelerated following the Fed's hawkish hold, where it reinforced its message of "higher for longer" rates. For the week, the Nasdaq lost 3.30%. The S&P500 closed 2.93% lower, and the Dow Jones slipped 654 points (-1.89%). To recap the key points from last week's Federal Open Market Committee (FOMC) meeting: The 2024 median dot moved up 50bp to 5.1% (from 4.6% in June), indicating just two cuts next year are expected vs. four previously. 12 of 19 Fed officials favour another rate hike this year. We remain of the view the interest rate market is too complacent about the possibility of one final rate hike before the year's end. However, with core personal condumption expenditure (PCE) inflation this week and expected to be well-behaved (previewed below), the most likely catalyst for a hawkish repricing ahead of the November FOMC is the September non-farm payroll jobs report, due for release the week after next (6 October). What is expected from Core PCE inflation (Thursday, 29 September at 10.30pm AEST) Last month, the PCE Price Index increased by 3.3% YoY in July, from 3% the previous month. The Feds preferred measure of inflation, the Core PCE Price Index, which excludes food and energy, increased by 4.2% YoY in July from 4.1% the previous month. This month, the PCE Price Index is expected to increase to 3.5% from 3.3% prior. The Core PCE Price Index is expected to ease to 3.9% YoY from 4.2% in July. Although Core PCE at 3.9% would be the lowest reading in two years, it is still twice the Fed's inflation target of 2%, and one of the key reasons the message from last week's FOMC was rates need to stay higher for longer. Core PCE price index Source: Trading Economics S&P 500 technical analysis Since early September, we have opined that the S&P 500 was missing another leg lower towards 4250/20 as part of the correction that started in July, including here and here. Last week's sell-off, which included a break of the August low, confirmed the missing leg lower was underway (Wave c of a possible Elliott Wave "abc" correction), and we continue to expect the S&P500 to move lower to test support 4250/20 area in the sessions ahead. Should signs of basing emerge in the 4250/4200 area, we will likely move to a positive bias, looking for the uptrend to resume towards the July high before a possible test of the bull market 2022, 4818 high. S&P 500 daily chart Source: TradingView Nasdaq technical analysis Much like the S&P 500, we have opined that the Nasdaq was missing another leg lower towards 4250/20 as part of the correction that started in July, including here and here. Last week's sell-off confirmed the missing leg lower was underway (Wave c of a possible Elliott Wave "abc" correction), and we continue to expect the Nasdaq to move lower towards wave equality support 14,200/14,000 area to complete a Wave IV (Elliott Wave) corrective pullback. Should the pullback play out as expected, we then expect to see a recovery, which would see the Nasdaq test and break the highs of July and possibly set up a test of the bull market 2021, 16764 high. Nasdaq weekly chart Source: TradingView TradingView: the figures stated are as of 25 September 2023. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.
  4. Dear @Abhi, If the dividend payments received consisted of only ‘simple/normal dividends’, the statement will be available by the end of July. To see it, navigate to MyIG Dashboard > 'Live Accounts' > 'Statements' However, if you’ve received ‘complex dividends’ from an attribution-managed investment trust (AMIT), your statement may be generated as late as the last week of October, as we can only include that information once we’ve received a breakdown from the company concerned. For more details, Please refer to- https://www.ig.com/au/help-and-support/accounts-and-statements/statements/what-do-I-need-for-the-end-of-financial-year-for-share-trading-accounts#AMIT All the best, AshishIG
  5. 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 25th Sep 2023 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.
  6. After a poor finish to last week, Asian markets mostly traded in negative fashion on Monday, though some bargain-hunting in the Nikkei lifted that index off its lows. With major central bank decisions out of the way for the time being, the focus now shifts to the possibility of a government shutdown in the US. House Republicans are making efforts to consider stopgap funding measures to stave off a shutdown. Today's major events include the German IFO index, plus testimony to eurozone lawmakers by ECB president Christine Lagarde.
  7. Hi @CLARKY720, trading through the app and the web platform is essentially the same. If you encounter any difficulties executing a trade on the app, I recommend reviewing your trade settings to identify any potential issues. Could you please share the error message you receive when attempting to place a trade via the app? If you require additional assistance, feel free to send me a direct message. All the best, AshishIG
  8. The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 25th September Chris Beauchamp's insight After the excitement of last week, attention this week turns to US durable goods orders and the monthly Personal Consumption Expenditure (PCE) price index. French, German and eurozone inflation will be key for near-term direction of the euro. Key corporate reports include ASOS, H&M, Nike and Carnival. Economic reports Monday 9am – German IFO index (September): index expected to fall to 84.3. Markets to watch: EUR crosses 1.30pm – Chicago Fed nat’l activity index (August): expected to rise to 0.15. Markets to watch: USD crosses Tuesday 3pm – US new home sales (August), consumer confidence (September): sales to fall 1.7% MoM and confidence forecast to weaken, falling to 106.9. Markets to watch: USD crosses Wednesday 7am – German GfK consumer confidence (October): index to rise to -24.8. Markets to watch: EUR crosses 1.30pm – US durable goods orders (August): orders to fall 2.9% MoM. Markets to watch: US indices, USD crosses 3.30pm – US EIA crude oil inventories (w/e 22 Sept): stockpiles fell by 2.1 million barrels in the previous week. Markets to watch: Brent, WTI Thursday 1pm – German CPI (September, preliminary): prices to rise 5.9% YoY and 0.6% MoM, from 6.1% and 0.3% in August. Markets to watch: eurozone indices, EUR crosses 1.30pm – US initial jobless claims (w/e 23 September), GDP (Q2, final): claims forecast to rise to 205K from 201K, and GDP to be revised to 2.2% QoQ. Markets to watch: US indices, USD crosses 3pm – US pending home sales (August): sales expected to rise 0.2%. Markets to watch: USD crosses Friday 2.45am – China Caixin services & manufacturing PMI (September): manufacturing PMI expected to drop back into contraction territory, falling to 49, while services rises to 52.6. Markets to watch: China indices, CNH crosses 7.45 am – French CPI (September, preliminary): prices forecast to rise 4.8% YoY and fall 0.7% MoM, compared o 4.9% and a 1% rise in August. Markets to watch: eurozone indices, EUR crosses 8.55am – German unemployment data (September): unemployment rate to hold at 5.7%. Markets to watch: EUR crosses 10am – eurozone inflation (September, flash): prices expected to rise 5.5% YoY and 0.5% MoM, compared to 5.2% and 0.5% in August. Core CPI forecast to rise 4.5% YoY, a slowdown from August’s 5.3%. Markets to watch: eurozone indices, EUR crosses 1.30pm – US PCE price index (August): the Fed’s preferred measure of inflation, PCE index forecast to rise 3.5% YoY and 0.4% MoM, compared to 3.3% and 0.2% in July. Core PCE expected to be 0.2%, in line with July. Markets to watch: US indices, USD crosses 2.45pm – US Chicago PMI (September): index forecast to rise to 49. Markets to watch: USD crosses Company announcements Monday 25 September Tuesday 26 September Wednesday 27 September Thursday 28 September Friday 29 September Full-year earnings Ferguson, PZ Cussons, Close Brothers Half/ Quarterly earnings AG Barr, Costco Saga, Old Mutual, Pendragon, H&M, Micron Tech Avacta, Nike Carnival Trading update* United Utilities, ASOS Dividends FTSE 100: British American Tobacco, Rightmove, Smurfit Kappa, Barratt Developments, Phoenix Group, M&G FTSE 250: Kainos, TP ICAP, Foresight Group, Petershill Partners, Computacenter, Games Workshop, Hipgnosis Songs Fund 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 25 September Tuesday 26 September Wednesday 27 September Thursday 28 September Friday 29 September Monday 2 October FTSE 100 7.65 Australia 200 0.6 0.1 Wall Street 2.6 US 500 0.29 0.09 0.56 0.14 0.02 0.33 Nasdaq 1.12 3.55 Netherlands 25 EU Stocks 50 China H-Shares Singapore Blue Chip Hong Kong HS50 South Africa 40 143.6 Italy 40 Japan 225 222.3
  9. Hi @Dan247, Please email helpdesk.uk@ig.com from the registered email address requesting those changes. All the best, AshishIG
  10. Stocks in Asia enjoyed a better session overnight, shrugging off the disappointing US session. Data on Australian employment provided some strength for the Aussie dollar, though much of the improvement was driven by a rise in part-time workers. US CPI showed some worrying signs of strength in price increases, but markets took heart from a slowdown in year-on-year core inflation. Today sees the other main event of the week, the ECB decision. The chance of a rate hike has increased this week following Tuesday night's comments from ECB sources regarding inflation remaining above 3% next year, but with the eurozone economy weakening noticeably the bank has a tough balancing act ahead of it. US and European futures point to a positive open, with tech stocks likely to be bolstered by the ARM IPO, which begins trading today after the group secured a valuation of $54.5 billion, with the IPO being priced at $51 per share.
  11. Asian indices declined overnight, taking their cue from a weaker finish on Wall Street, where tech stocks fell back following disappointment around the Apple product event and pre-CPI nervousness. ECB sources suggested last night that inflation forecasts would remain above 3% in 2024, strengthening the view that an interest rate increase will follow at the meeting on Thursday. The latest US CPI will be the main event of the day. Expectations are for a sharp increase in the pace of monthly price growth, arising partly from the surge in oil prices, putting greater pressure on the Federal Reserve to raise rates at its next meeting. Futures point to a weaker open in Europe and the US as traders await the latest CPI figures.
  12. Dear @legislator, We are sorry to hear about the delay in your account activation. I have reached out to our Accounts team on this. You will be contacted today by one of our team members to discuss this and help process your application. Appreciate your time and patience. All the best, AshishIG
  13. Hi @aay, Are you not able to close the position from your end and see a call to close option on your account? Also, for the chart, could you please try refreshing or logging out and signing in again once to check if it refreshes? All the best, AshishIG
  14. News of a partial reprieve for Country Garden, where creditors supported a plan to delay bond repayments, allowed Chinese stocks to recoup early losses, while in Japan the Nikkei made fresh headway. An upgrade to Tesla by Morgan Stanley provided the basis for gains in US equities on Monday, in an otherwise quiet session. The UK unemployment rate edged up to 4.3% for July, while wages including bonuses rose 8.5% for the three months to July, ahead of forecasts. Rising wages but signs of growth in unemployment point towards a dire scenario for the Bank of England, which may be forced to hold rates soon even with inflation ahead of target. European markets are expected to see some small gains on the open, while US futures point towards some initial weakness.
  15. Dear @Profile, I will be reaching out to you via DM as this is account-specific. Regards, AshishIG
  16. Dear @rickyjames, We see that your Demo account has been closed as per your request, and that is why you are unable to find it. If you wish to have it back, please let us know so that we can re-activate it. All the best, AshishIG
  17. 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 11th Sep 2023 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.
  18. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th Sep 2023. 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
  19. Hi @johnsydnsw, If your ISP is Telstra, there is a known issue. We request you to please check with Telstra or try changing it to a different network to access your account. All the best, AshishIG
  20. 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 04th Sep 2023 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.
  21. Hi All, In our ongoing efforts to streamline and improve your experience, we are making some changes to this (IGTV on Demand) forum (https://community.ig.com/forums/topic/16249-igtv-on-demand/). Starting today, we are discontinuing the current IG TV On Demand forum. However, we are thrilled to announce the launch of a dedicated page that will serve as the new hub for IGTV On Demand which now will be available in Video format. You can access IGTV on Demand now at https://community.ig.com/igtv/ Alternatively, this can be accessed from the home page as well next to Blogs. We understand the importance of preserving the valuable discussions and insights that have been shared in our forum over time. Rest assured, the forum will still be accessible for you to retrieve and reference old posts. We believe this transition will offer you a more user-friendly and organized platform to engage with IGTV On Demand. Thank you for being a part of our community, and we look forward to your continued participation. All the best, AshishIG
  22. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 4th Sep 2023. 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
  23. I agree. The process is supposed to occur automatically, but considering recent events, it's not functioning uniformly across all markets. Some markets are being overlooked, which requires our dealing desk to refresh them manually. I've already conveyed this feedback to the team, and they will be closely observing the situation to find a solution that eliminates the need for manual intervention. Thank you once more for bringing this to our attention and for your valuable feedback. We're committed to addressing this matter. All the best, AshishIG
  24. Hi @Kelvo, the charts appear identical on both the app and web platforms. However, the confusion might arise from the fact that the charts display different price levels. You have the option to view Ask (Buy), Mid, and Bid (Sell) prices on the charts. If the app's chart displays the Ask price while the web chart shows the Bid price, you will observe differences in movement. All the best, AshishIG
  25. 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 clearly 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.
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