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KoketsoIG

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  1. Outlook on WTI, gold and natural gas as the Jackson Hole symposium kicks off. Source: Bloomberg Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Thursday 24 August 2023 11:06 WTI slips towards mid-July high WTI’s failed attempt of a rally to Monday’s $81.73 per barrel high has been followed by a drop to a one-month low at $77.60 on demand worries. The oil price slid for a fourth consecutive session as softer-than-expected flash PMIs in the Eurozone, UK and US raised concerns about future energy demand. A fall through Wednesday’s low at $77.60 would put the $77.17 mid-July high on the map, below which meanders the 200-day simple moving average (SMA) at $75.98. The $78.65 mid-August low acts as minor resistance ahead of the minor psychological $80.00 mark. Source: ProRealTime Gold on track for fourth straight day of gains The bullish reversal in the gold price from this week’s $1,885 per troy ounce low is taking it towards the mid-June low at $1,925 ahead of the Jackson Hole symposium where central bankers will guide markets on their interest rate outlooks. Another potential upside target is the 55-day simple moving average (SMA) at $1,934 while support comes in along the 200-day simple moving average (SMA) at $1,910. Source: ProRealTime Natural gas futures fall towards July low Natural gas prices are on the way down again as Australian strike risk fades. A preliminary agreement reached between Woodside Energy and unions at a major Australian liquefied natural gas (LNG) site has also pushed European gas futures prices down by around 13% on Thursday morning. The fall through the June-to-August uptrend line at $2.598 MMBtu puts the July and early August lows at $2.481 to $2.480 on the map. If also slipped through, the 8 June high at $2.415 may also be reached. Minor resistance above the breached uptrend line can be found between the 18 August low at $2.620 and the 55-day simple moving average (SMA) at $2.656. Source: ProRealTime
  2. Hi there @AndrewAJackson, Thank you for your post. Please send us your account details via private message and we will investigate this on your behalf. All the best, KoketsoIG
  3. Hi @Borg, Thank you for your post, Please note that for non-leveraged accounts, IPOs are found through PrimaryBid, for this you will need to have an active share dealing account with us. Then you follow the following process: 1. Create a PrimaryBid account 2. See which issues and IPOs are available 3. Place your order through Primary Bid 4. Enter your IG share dealing account ID to receive shares directly into your IG portfolio All the best. KoketsoIG
  4. Outlook on FTSE 100, DAX 40 and S&P 500 amid S&P Global U.S. bank downgrades, U.S. long dated yields surging higher and Zoom beating estimates. Source: Bloomberg Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Tuesday 22 August 2023 10:28 FTSE 100 continues to hover above support The FTSE 100 continues to precariously hover above key support which sits between its March and July lows at 7,228 to 7,204 as the UK’s public sector net borrowing came in slightly weaker-than-expected at 3.5 bn versus a forecast 3.8 bn. On Monday UK homebuilders fell following a downbeat update from Crest Nicholson Holdings but so far the UK blue-chip index continues to stabilise. Further low volatility trading above its 7,228 to 7,204 major support zone is expected to be seen on Tuesday, ahead of Thursday’s U.S. Jackson Hole symposium. Minor resistance above Monday’s 7,317 high sits at the 24 March low at 7,331 and more significant resistance between the May and June lows at 7,401 to 7,433. Source: ProRealTime DAX 40 probes accelerated downtrend line The DAX 40’s slide has taken it to marginally above its 15,455 July low last week before the index tried to recover despite U.S. 10-year yields rising to levels last seen in November 2007 and S&P Global downgrading several U.S. banks. In case of a break through the July-to-August accelerated downtrend line at 15,705 taking place, minor resistance around the 4 August low at 15,780 could be reached next. Further up meanders the 55-day simple moving average (SMA) at 16,001. While the index remains below the next higher 10 August high at 16,062, overall downside pressure remains in play, though. Strong support remains to be seen between the July and current August lows and the 200-day simple moving average (SMA) at 15,469 to 15,420. Source: ProRealTime S&P 500 recovers from near two-month low The S&P 500 is expected to recover further from last week’s 4,337 low, made marginally above its 4,328 late June low, and is seen heading back up towards the 55-day simple moving average (SMA) at 4,447 ahead of Thursday’s Jackson Hole symposium. Speeches by Federal Open Market Committee (FOMC) members Goolsbee and Bowman as well as U.S. existing home sales may still throw a spanner in the works beforehand. Having said that, rallies in Tesla, Zoom and Nvidia stocks, the former technology company having beat its Q2 earnings and revenue estimates and the latter announcing its Q2 earnings on Wednesday, currently underpin more positive market sentiment. Minor support can now be spotted at Friday’s 4,382 high and major support at 4,337 to 4,328. Source: ProRealTime
  5. Hi @LiamWhite, Thank you so much for your stock request and your patience in this regard. Kindly note that Parazero Tech is now up on our platform Thank, KoketsoIG
  6. Longer-term yields soar as rates could stay high for longer Equity markets rose in Asia, following the lead of the S&P 500 and Nasdaq on Monday and despite treasury yields soaring. The US 10-year treasury bond yield rose as high as 4.34%, its highest level in 16 years. Shares IPO Revenue Stock market United States China Jeremy Naylor | Analyst, London | Publication date: Tuesday 22 August 2023 09:07 Equity markets Equity markets rose in Asia, following the lead of the S&P 500 and Nasdaq on Monday and despite treasury yields soaring. The US 10-year treasury bond yield rose as high as 4.34%, its highest level in 16 years. Softbank SoftBank is having a second go at ARM's initial public offering (IPO). After a first attempt last year due to objections from U.S. and European antitrust regulators, the chip designer disclosed the paperwork for an initial public offering that is expected to be the largest of the year. ARM did not reveal the number of shares it is planning to sell or the valuation it will seek. But according to an earlier report from Reuters, SoftBank is planning to sell about 10% of Arm's shares, seeking a valuation of between $60 and $70 billion. BHP Group BHP Group posted overnight its weakest annual profit since 2020, as it finds itself squeezed between surging costs, a tight labour market, and the weakening of western demand for commodities. BHP's underlying attributable profit fell by 37% to $13.42 billion, missing the estimate of $13.89 billion. The miner declared a final dividend of $0.80 per share, down from $1.75 per share a year ago. Yet BHP remains confident, as it sees China and India as relative sources of stability for commodity demand. It expects China, its main trading partner, to produce more than a billion metric tonnes of steel this year for the fifth year running. And when it comes to the weakening of the Chinese economy, BHP thinks it is too early to assess the impact of Beijing's policy measures on the country's housing market. John Wood Group John Wood posted a net loss of $27 million and increased its finacial year (FY) revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) guidance. Revenue is now expected to be around $6 billion. Oil and gas overview Shares in the oil and gas engineer plummeted back in May after the company announced that the £1.7 billion takeover bid by Apollo, which valued the company at 240 pence per share, had been dropped by the US private equity group. Zoom Zoom shares rose in extended trading as the group's earnings and sales topped expectations. Excluding items, the company posted a second-quarter profit of $1.34 per share, compared with a target estimate of $1.06. Revenue for the quarter ended July 31 rose 3.6% to $1.14 billion, above analysts' average expectations of $1.12 billion. Zoom also raised its annual earnings and revenue forecast; it now sees $4.63 to $4.67 in adjusted earnings per share, up from $4.30, and $4.485 billion to $4.49 billion in revenue, up from $4.49 billion, for the full 2024 fiscal year. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  7. Nvidia and Tesla shares rallied on Monday and U.S. technology stocks also benefit from solid Zoom earnings, revenue and an improved outlook with the stock climbing in after hours and as SoftBank's Arm unveils plans for the biggest U.S. IPO in nearly two years. The flotation of the UK-based chip designer on the Nasdaq may help to revive the market for primary listings after an 18-month drought. Credit rating cuts on multiple U.S. banks by S&P Global following a similar move by Moody's and rising long dated U.S. yields to 15-year highs continue to keep markets in check, though.
  8. Hi @RichO, Thank you for your question. I think you are asking this question based on the slippage factor that appears on the 'Info' section of the deal ticket under 'dealing' information? Please note that when trading with a non-guaranteed stop, there is a risk of slippage. Therefore the margin may be reduced depending on how far you place your stop. That's where the slippage factor comes in. It is a reduction in margin dependent on how far the stop is placed. Please note that shares have a slippage factor of 100% and will not benefit from any reduction to margin. I hope this helps, KoketsoIG
  9. Hi @espiral, Thank you for you request, Unfortunately, IsoEnergy does not meet our minimum market cap requirements an we will not be able to offer it this time. All the best, KoketsoIG
  10. Hi @LiamWhite, Thank you for your request, apologies for the delayed response. Please note that your request has been sent to our desk and we will provide feedback shortly. Thanks, KoketsoIG
  11. Yuan weakness leaves PBOC little room for manoeuvre Hong Kong's Hang Seng was the worst performer as the People's Bank of China (PBOC) cut the 1-year LPR by 10 basis points to 3.45%. Forex Shares Bank United States China Macroeconomics Angela Barnes | Financial presenter/producer, London | Publication date: Monday 21 August 2023 09:20 Asia-Pacific equity markets Equity markets were mixed in the Asia-Pacific region on Monday. Hong Kong's Hang Seng was the worst performer as the People's Bank of China (PBOC) cut the 1-year Loan Prime Rate (LPR) by 10 basis points to 3.45%. for the 5-year LPR, the PBOC decided to keep it at 4.2%. After a reduction of the medium-term loan facility rate by 15 basis points last week, the market expected the People's Bank of China to do the same with loan prime rates this Monday. This decision highlights the economic conundrum Chinese authorities are facing. On the one hand, it needs to do something about its declining growth trend and stimulate weakened demand in the country. But on the other hand, the Yuan has been on a downward trend since the start of the year, and any further easing would trigger further selloffs. German producer price index In Germany, the latest producer price index, measuring the average change in the price of goods sold by manufacturers, fell further in July and more than anticipated. -1.1% compared to June and -6% on an annual basis. Macroeconomic indicators Among the macroeconomic indicators expected this week, we will be keeping an eye tomorrow on the UK government's public sector borrowing figures and US existing home sales. We also have a busy day Wednesday on the purchasing managers (PM) front with flash data on how manufacturing and services have been doing in the Eurozone, UK, and US. Then on Thursday, US durable goods orders and initial jobless claims will be released, so we will get a good gauge of how the US jobs market is doing. On Friday, we get an insight into consumer confidence in the UK and the business climate in Germany. Europe's first economy will also share its final reading of the GDP growth rate. The first, or advanced, estimate released at the end of July showed that real GDP in Q2 grew at an annual rate of 2.4% in the second quarter of this year. US Federal Reserve After recording a fifth straight week of gains, the USD was little changed on Monday as traders awaited the Jackson Hole Symposium, certainly the biggest macroeconomic event this week. Running from Thursday to Saturday, the annual central bankers' symposium in Wyoming is hosted by the US Federal Reserve, and the bank's chair, Jerome Powell, will be speaking at the event. The markets will be looking for hints on the trajectory of interest rates, inflation, the economy, and anything else the central banking cohort decides to discuss in the coming days. Zoom On the equity markets, Zoom is expected to report Q2 earnings after the US closing bell. The Street expects earnings of $1.06 per share, which is one cent more than the same quarter a year ago. Revenue should come in at $1.11 billion. Zoom is one of the companies that benefited the most from the pandemic. Its technology allowed friends and families to stay in close contact and companies around the world to resume work remotely. This couldn't last, and Zoom has so far failed to find alternatives to boost its profits. Even Zoom itself seems not to believe in remote working anymore. A couple of weeks ago, the group announced it had ordered workers to go back to the office. Other earnings Other earnings are expected throughout the week. It will be another important week for the retail sector, with reports from Urban Outfitters on Tuesday, followed by Foot Locker and Abercrombie & Fitch on Wednesday, and Dollar Tree and Gap on Thursday. NVIDIA But the real interest will be in the retail sector. NVIDIA reports on Wednesday evening, and the question is: can NVIDIA beat earnings expectations for a third time? NVIDIA is one of Wall Street's favourites since it has been surfing the wave ahead all its competitors. Earnings per share are expected to come in at $2.07 per share on $11.07 billion in revenue. To understand how artificial intelligence is a game changer for NVIDIA, you just need to have a look at its quarterly report from a year ago: it then posted earnings of 58 cents per share, roughly a quarter of what it is forecast to post on Wednesday. and revenue came in at $5.93 billion. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  12. Week Ahead starting 21/08/23: Jackson Hole, flash PMI data, NVIDIA, Zoom earnings All eyes will be on Jackson Hole next week in Wyoming at a gathering of central bankers. Tastylive’s Tom Sosnoff shares his thoughts with IGTV’s Angela Barnes on the event, as well as his favoured corporate earnings. Shares Commodities Nvidia Price of oil Jerome Powell Petroleum Angela Barnes | Financial presenter/producer, London | Publication date: Friday 18 August 2023 17:33 (Video Transcript) NVIDIA price through the roof Welcome to the Week Ahead with me, Angela Barnes. You're watching IGTV. Let's look ahead then and start in China on Monday, 21 August 2023, because we're going to get the loan prime rate setting from the People's Bank of China. China is expected to cut lending benchmarks with many analysts predicting a big reduction to the mortgage reference rate to revise credit demand and shore up the country's ailing property sector. That's in response to a deepening property market crisis. The central bank has pledged it would adjust and optimise property policies according to its second-quarter monetary policy implementation report that was published this week. German pricing data expected Moving on to Germany, we will have the latest producer price index data measuring the average change in the price of goods sold by manufacturers; prices fell in June from the previous month. And then on Tuesday, 22 August, let's go to the UK where we will see the latest figures on public sector net borrowing. In May, the government's total debt power reached more than 100% of annual national income for the first time since 1961. US home sales, crude oil data due Moving on to the US, and we're going to have existing home sales as well as API crude oil inventories in the US. We'll have existing home sales and the latest American Petroleum Institute (API) crude oil inventories data that day. On Wednesday, we'll have Eurozone UK, US manufacturing and services Purchasing Managers Index( PMI) flash data as well. And then we will also have EIA crude oil inventories on Wednesday. Oil prices have been interesting recently. Oil prices gained this morning, but that's after falling for three straight sessions with both Brent and WTI crude up this morning. There are those demand concerns in China weighing against supply concerns in Saudi Arabia and other Organisation of the Petroleum Exporting Countries (OPEC) members potentially extending those cuts beyond September, as has been suggested. So that will be something to look out for; oil prices as well. US banking symposium at Jackson Hole Thursday, 24 August is a busy day in the US with durable goods orders, initial jobless claims. So we'll get a good gauge of how the US jobs market is doing. And also, the Jackson Hole Symposium starts, a key event in the diary with the Federal Reserve Chair, Jerome Powell, giving a speech centrepiece that week that investors will of course be paying close attention to, critical for the broader market sentiment. And then on Friday, we get an insight on consumer confidence in the UK. And also Germany will share its final second-quarter gross domestic product (GDP) growth rate. The first advanced estimate was released at the end of July in Germany, and they showed that real GDP grew at an annual rate of 2.4% in the second-quarter of this year. But that missed forecasts for modest grosses, weak purchasing power, higher interest rates and low factory orders weighed on the Eurozone's largest economy. And then on Friday, we will also get the latest Baker Hughes oil recount in the US. Plenty of food for thought with US data Well, let's go now to Tasty's Tom Sosnoff, who's in Chicago in the US for us. AB: Tom, it's good to see you there. I'm very interested - there's a lot to digest there - but I'm very interested to hear how you think investors should be positioning themselves ahead of all of that economic data that's due out next week. TS: Sure. Well, first of all, we have a big day today because in the US, this is option expiration for August. So there's usually a ton of activity on today. And we're opening pretty significantly lower, at least a half a percent down this morning, free market and the NASDAQ down almost a full percent. So it's going to be kind of an ugly opening here. I think that the economic data is going to have a little less to do with things as when you compare it to market momentum right now, which as clearly turns out, this week has been very bearish across the board. 'Is good news, bad news?' And so the question becomes, when the markets turn south like this: is good news, bad news, and is bad news, bad news? And I think that's the biggest market has to watch out for. And that's also the biggest risk. Because, you know, when markets kind of sell off, it doesn't really matter so much what the news is, because they turn good news into bad news, and bad news, obviously, you know, makes things worse. So I think it's really a question of when we get down to that 5% correction area, is that enough and how will the market hold up through all the news next week? AB: Including as well, Tom, of course, that speech from Jerome Powell next week as well. Is there anything that the markets are anticipating him to say about the Federal Reserve's monitoring that may impact the monetary policy path? Can Powell stabilise freefalling bonds? TS: Well, for us, it's all about what is actionable from it. Nobody really cares what he has to say if it's not actionable. So from an actionable side, you know, the bonds have been incredibly weak in over the last, let's say, two weeks. They have been essentially in freefall. In the US, the 30-year bond has traded down yesterday to about 118.5, which is the lowest it's been to in multiple years, essentially, except for a touch a couple years ago. So we're at a point right now where long-term rates and short-term rates are at multi-year highs. And I think that whatever Powell says at this point, it's really just a question of whether it stabilises the bond market here, and is there an opportunity to the upside, because I think bonds are, at this point, grossly oversold? So the question is, can Powell stabilise long-term and short-term rates here? And will we get a bounce in the bond market? I don't think it matters necessarily what he says. I think it matters how the market perceives his comments as a stabilising motion, and to see if we can get some kind of a flattening right here, a bottom in rates. And many of us would like to see the yield curve start to widen a little bit because we'd like to see long-term rates go up and short-term rates come down. So I think that we're looking for a little bit of a yield curve move here, and we'd like to see it widen a little bit. And it's been flattening all year, so we'd like to see it kind of go the other way. And I think that's going to be the real takeaway from Powell's talk. Can he push short-term rates a little bit lower? Can he push long-term rates a little bit higher? Can he get the yield curve back to where it steepens a little bit? And can bonds stabilise over whatever is said next week? And I think that's what we're all looking for. AB: That's great, Tom. Thank you very much. And do stay with us. We'd like to come back to you in a moment with another question when we go through corporate highlights next. Thank you very much, Tom. So the Week Ahead, let's have a look. We've got Zoom reporting its second-quarter earnings on Monday. On Tuesday, John Wood Group is another one to look out for, releasing its first-half earnings. We will also have figures from Tall Brothers next week, too. NVIDIA: mega-tech worth watching Then a big one to watch on Wednesday, with tech giant NVIDIA reporting its second-quarter results. The US software company had its stock boosted again this week after Morgan Stanley analyst said that its stock is the firm's top pick following its most recent earnings report. NVIDIA, which makes graphics processing units, is now valued at over $1 trillion. Its shares are up nearly 200% so far this year. And of course, it's a key player in the artificial intelligence AI market, which has certainly helped boost its stock. However, strategists at Morgan Stanley have also recently highlighted how the AI bubble could be nearing a peak. So on 23 August, the company will offer investors more insight into its financial health with its second-quarter results. That's certainly one we'll be watching. Snowflake, Hayes, Dollar Tree and Gap figures Elsewhere, next week on the corporate calendar, we'll also have second quarter earnings from Snowflake on Wednesday. And then on Thursday, we'll be turning to Hayes with its full year results. And then as well, Dollar Tree on Thursday will also have results from Gap, the retail giant as well. They'll be releasing their second-quarter earnings. And then no updates on Friday. So quite a few things to look out for on the corporate front next week as well. So I'd like to go back to Tom at Tasty for his thoughts on this and which ones you're going to be watching, Tom. Of course, NVIDIA, is a big one. TS: Yeah, well, I mean, start off the week with Zoom. And Zoom is interesting because Zoom is tradable, but it's kind of on its butt, as we would say, because Zoom is kind of near the low end of its range. So it's an interesting place for people to like to trade earnings because it's a $65 stock or whatever it is right now, close to $65. And it's also a stock that has high implied volatility. So it's a very attractive stock to trade. It's just not as liquid as we would like it to be. But as far as the big players next week, it's really all about NVIDIA. Last earnings cycle, NVIDIA blew the doors off to the upside. NVIDIA was the expected move was about $30 and it moved almost $90. So it moved three times the expected move last time and it caught everybody on earnings. If I remember correctly, it was trading just around $300 or maybe a little bit under and it traded all the way up to almost $400. So it was a crazy move last time. And I don't think you're going to see that kind of earnings insanity this time around. And I think NVIDIA, which is now trading, let's call it $430 and it has been strong all week. There's a lot of longs in NVIDIA right now, the whole street. I mean, nobody has a portfolio that's not long NVIDIA here. So I kind of feel like that Morgan Stanley comment is maybe the upside capitulation, but we'll see. But there's no question that NVIDIA will set the tone for the market this week. I don't think you're going to see the kind of earnings results you saw last time when it just blew the doors off. But I do think that most of the week, the volatility and the market will take its cue from NVIDIA. We are going to be playing it to stay inside the range this time. But again, it's just a crapshoot. Who knows? AB: Well, Tom, I'm looking forward to seeing those results as well. And thank you ever so much, as always, for your insight. It was great to speak to you. Thanks so much. That's it from us at IGTV with your look ahead to next week. So thank you for watching and do tune in for more charting and Trading the Trend. I'm Angela Barnes and this is IGTV. Thank you.
  13. Hi @Mikeo11, Thank you for your post, and welcome to IG and the IG community Please note that you can view your open positions on our mobile app by clicking on 'Trades' on the bottom of the screen (to the left). Once on trades, you will click on 'Positions' and all your open positions will be displayed on the screen. From there, you should be able to see your size (number of shares), opening price per share, the latest market price and the P&L on the position. All the best, KoketsoIG
  14. Risk event for the week starting 21 August: USD on Jackson Hole symposium The central bankers’ get-together could provide a trading opportunity for the US dollar, according to DailyFX analyst Warren Venketas. He suggests that a hawkish message could provide an opportunity to sell the dollar basket. Forex Jerome Powell United States Federal Reserve Interest rate Jackson Hole Jeremy Naylor | Analyst, London | Publication date: Friday 18 August 2023 16:20 (Video summary) Jackson Hole Economic Symposium The big event to keep an eye on this week is the Jackson Hole Economic Symposium. It's a gathering where experts talk about the US economy, specifically the value of the US dollar. Right now, the US economy is doing pretty well. Inflation is rising, but not as fast as the Federal Reserve (Fed) wants it to. However, the job market is strong, with fewer people filing for unemployment recently. Jerome Powell One thing to watch for at the conference is what Jerome Powell, the head of the Federal Reserve, has to say. If he gives a "dovish" message, meaning he's cautious about raising interest rates, it could cause the US dollar to drop in value. USD trading patterns Technically, the US dollar is at an important point in terms of its trading patterns. It's currently around the 200-day moving average and the 103.60 swing high. There's still a chance it could go up some more, maybe hitting 104. But some traders might get nervous and start selling at that point, causing the dollar to drop back to 103.60. If Powell announces a more "accommodative" monetary policy, meaning he's planning to keep interest rates low, the US dollar could drop even further, maybe hitting around 102.50. Overall, this week is expected to be a bit more volatile in the trading world because of the Jackson Hole Symposium. Traders will be closely watching what Powell says, because it could have a big impact on how the US dollar performs.
  15. UK retail sales fell more than expected in July, down 1.2% month-on-month, as the unusually wet weather saw shoppers stay inside. Forex Retail Inflation United Kingdom Bank of England Interest rate Jeremy Naylor | Analyst, London | Publication date: Friday 18 August 2023 12:23 Economists had expected a drop, but by a far smaller -0.5%. As IGTV’s Jeremy Naylor explains, those very same economists will now be working out what this means for the Bank of England. Elevated inflation remains so there is still a need for another rate rise and with evidence of relatively robust growth in June there will be some of the Monetary Policy Committee that will want to keep the pressure on. However, these retail sales numbers show the consumer is finding the going tough. (Video Transcript) UK retail sales UK retail sales down in the month of July as a result of what was an unusually wet month mid-summer. July was appalling for many parts of the country. Discount shoppers pretty much across the board. Let's take a look at the figures as they broke this morning before the equity markets opened. We saw some movements in sterling as a result of this news. Retail sales down by 1.2% in July month-to-month expectations had been for a drop of just a half of 1%. The quantity of goods bought in the British shops fell 1.2% overall, but for the year you can see it's down 3.2%. If you look at the year overall, expectations there had been for a drop of 2.1%, so we took away your counted. These are weak numbers as illustrated by the recent news about the consumer under pressure. Candle chart Let me show you a 30-minute candle chart here for sterling against the USD. You can quite clearly see on the right-hand side here the drop that we saw in the wake of those figures taking us out to a daily chart. We've seen what has been overall a positive week so far. Here we are mid-morning on a Friday. I guess we'll end up holding on to much of the gains that we've seen overall in this week. The point to be made here is the fact that the economy is finding it going tough, and I think it's led by the consumer because of the rise in costs, most notably the rise in mortgage costs. Bank of England interest rates It's really beginning to dampen down a lot of the activity within this sector. We've already seen June gross domestic product (GDP) come out with a rise of half of 1%, which is far faster than had been expected. The big question for me is can that continue? The big thing here is what does all this mean for Bank of England interest rates? We've seen inflation hold up, retail price and consumer price inflation hold up, which would seem to indicate that the Bank of England needs to raise interest rates again by a quarter point come the next meeting, which is into September. But you get figures out like this, and clearly if they do raise rates they're going to have to keep one eye firmly on the consumer just to check to make sure it's not going to crumple what little activity there is out there. So clearly this number out today showing a weakness within the consumer around the British economy. For more videos from us here at IGTV, join us on Twitter at IG.com, Instagram and subscribe to our YouTube channel.
  16. Charting the Markets: 18 August Stock indices hit by more China property woes. EUR/GBP stabilises, GBP/USD drops on UK retail sales while USD/JPY tops out. And gold and natural gas are struggling to move higher, while oil prices have pushed up in early trading. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Friday 18 August 2023 12:13
  17. Hi @DocStevens, Thank you for your post. Yes, dividends get paid through your IG account. As soon as we receive dividend payments for any of the shares you own, we will credit your account with the amount you are eligible for. This usually would occur on, or around, the dividend payment date. It may take a few days after the dividend payment date for us to credit your account, as the dividends are first paid to our broker which need to be cleared then transferred to IG. The payment will be shown in your ledger statement and reflected in your available funds. You can view this and all your past dividends received on My IG > Live accounts > History. We also send a Consolidated Tax Certificate (CTC) which summarises any UK/overseas dividends and interest paid on securities during a specific tax year. All the best, KoketsoIG
  18. Indices are set to post weekly losses as the dollar continues to attract Indices are set to report a week of losses as the US dollar winning streak continues, the longest for 15 months. The greenback benefits from the economic situation in the US, which points to high rates for longer. Forex Shares Inflation United States dollar United States Cryptocurrency Jeremy Naylor | Analyst, London | Publication date: Friday 18 August 2023 09:13 US indices Indices are set to report a week of losses as the USD winning streak continues, the longest for 15 months. The greenback benefits from the economic situation in the US, which points to high rates for longer, economic difficulties also act as support for the dollar as the market looks for safety. Evergrande group In China, the world's most heavily indebted property developer, Evergrande has filed for bankruptcy protection in a Manhattan court. Evergrande, once China's top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities as government officials tightened scrutiny on the real estate sector. Its liquidity crisis soon made it a symbol of the country's property sector woes. Japanese economy There's been a bit of relief for the Japanese yen; it's up for a second day after Japan's inflation rate remained at 3.3%. Economists had been expecting consumer price index (CPI) to drop to 2.5%. Last month, when inflation rose to 3.3% in June, it was the first time in eight years it outpaced the US figure, underscoring how Asia's most advanced economy is no longer an outlier in global inflation. Core inflation came in line with expectations at 3.1%. Ex-food and energy, the so-called "core-core' inflation, the indicator favoured by the Bank of Japan (BOJ), climbed back up to 4.3%, a four-decade high it first reached in May. UK retail sale In the UK, retail sales fell more than expected in July. -1.2% month-over-month (MoM). Economists expected a 0.5% drop. On an annual basis, retail sales fell 3.2%. Digital assets Coinbase was one of the big losers on Wall Street in all sessions. It comes as the slide in Bitcoin continues. The FT reports that the sell-off coincided with a report in The Wall Street Journal stating that Elon Musk's privately held Spacex venture had written down the value of its bitcoin holdings by $373 million in the past two years and had sold the cryptocurrency. Digital asset traders have kept close tabs on Musk since 2021's exposure to cryptocurrencies, when his electric-car company Tesla briefly accepted payments in Bitcoin. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  19. Walmart, an all-sessions stock, has upped its full-year forecasts as lower prices lured shoppers, but its CFO John David Rainey said "I don't want to declare that we are out of the woods here.’’ Shares Walmart Retail Demand Profit Inflation Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 17 August 2023 17:27 (Video Transcript) Walmart earnings Walmart, a big retail company in the US, has reported impressive numbers and is raising its expectations for sales and profit due to high demand. They credit this success to their affordable essentials and other products, which are attracting more customers. Despite some small decreases in their stock levels, there is still a lot of interest in Walmart's stock because it has been consistently growing over time. This shows how well Walmart is doing and can be seen as a sign of the US economy's strength and how the rising cost of living and inflation can affect consumer behavior. Q2 sales Walmart's sales for the second quarter exceeded expectations, and their margin rate also increased. This positive performance is thanks to lower costs in their supply chain and fewer discounts. It shows that people are still willing to buy cheaper products, even during these tough economic times. Overall, Walmart's ability to adapt to changing market conditions and meet the demands of consumers demonstrates their resilience. The company's numbers and adjusted predictions are a reflection of the strong and ongoing performance in the retail industry. Basically, Walmart is doing really well because they are offering affordable products that people want to buy. Even though the economy is not great right now, Walmart is still able to attract customers and make a profit. This is a good sign for the overall economy because it shows that people are still spending money, even with rising prices. Walmart's success also shows that they are able to adjust to changes in the market and give customers what they want. Overall, it seems like Walmart will continue to be successful in the retail industry.
  20. Look Ahead 18/8/23: Japan consumer price; UK retail sales; Baker Hughes oil rig count Inflation and retail sales figures from Japan and the UK; oil prices could be volatile ahead of the Baker Hughes oil rig count; and China’s central bank seeks to stem the rising pessimism over the economy. Forex Japanese yen Inflation United Kingdom Japan Central bank Angeline Ong | Financial Analyst, Presenter and Content Editor, London | Publication date: Thursday 17 August 2023 17:38 (Video Transcript) JPY/USD an interesting space Hello, I'm Angeline Ong and welcome to your Look Ahead to 18 August 2023. We'll begin with Japan and the Japanese yen as we've got consumer price index numbers from there. Checking in on the yen first against the US dollar because this has been a really interesting space recently. The yen has weakened to around 1465 per dollar and actually it's now trading at 14591. However, it was at its lowest level since November having come under renewed pressure. This is as a result of interest rate differentials between the US and Japan's ultra-low rate environment. This is, of course, also tied in with the fact that we are looking at the Nikkei now because it has come off its high there seen in June, 34015, has come back down in this narrow range here and it looks like it is breaking through that resistance point. If volumes hold, then it could go to that next blue line there which is 31.190 so we are keeping an eye on the Nikkei and the yen for you as well. UK inflation in the spotlight Now to the United Kingdom, we've got retail sales as well so inflation will be in focus too. Much of the UK retail sector has been mixed recently, f you look at much of the news of earnings coming out of the United Kingdom. We've got Marks & Spencer, for example, saying that it's actually done quite well. Marks & Spencer, you know, has had a troubling time. It's been trying to get more people into its stores buying its clothing. However, its food department, its food offering has remained strong and perhaps something about the high inflation that we have seen has meant that fewer people are eating out but they still want some luxury so they are going to buy food at M&S. Clothing group, Nex, I just want to show you that as well because Nex is also an interesting one. A bright spark, it upgraded its profit forecast earlier this month and lifted it for the second time in three months. However, Wilco, not as lucky. It could be one of the first major victims of Britain's tougher economy after consecutive interest rate rises that started in December 2021. Oil a very volatile area To the US now and we've got Baker Hughes will recount the latest data points from there. Oil, as I mentioned earlier, is a very volatile space for us. Let's see US crude first because look at all those moves around the 6376 range and the 8440 range. We are seeing a bit of a consolidation point over there. However, if we slip past that resistance line, then perhaps 7614.4 is the next point of resistance. Oil prices in terms of this session were 1.6% higher after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy.
  21. Hi @rickywray, Thank you for your post. Kindly submit a request to have this ETF considered for our investments platform (ISA and share dealing) on helpdesk.uk@ig.com. You can also send the request through our stock request platform: Stock Request Once our desk receives the request, they will review our ability to offer this ETF and provide feedback. All the best, - KoketsoIG
  22. Charting the Markets: 17 August Nasdaq 100, Dow and Nikkei 225 hit one-month low as China worries intensify. EUR/USD, AUD/USD slide while USD/JPY appreciates on hawkish Fed minutes. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 17 August 2023 12:02 And Brent crude oil, silver prices stabilise while orange juice futures hit new record high.
  23. Fed officials are divided over the need for further rate hikes The minutes of the last Federal Reserve meeting showed that policymakers expressed concerns about the pace of inflation and that more rate hikes could be necessary unless conditions change. Shares Federal Reserve Inflation Australia Cisco Revenue Jeremy Naylor | Analyst, London | Publication date: Thursday 17 August 2023 09:16 Federal Reserve meeting The minutes of the last Federal Reserve meeting showed that policymakers expressed concerns about the pace of inflation and that more rate hikes could be necessary unless conditions change. That discussion came during the two-day July meeting, which resulted in a quarter-point rate rise to between 5.25 and 5.5%, a rate hike that markets generally expected to be the last one of this cycle. However, with most Federal Reserve (Fed) members suggesting that they foresaw further upside inflation risks, that could merit further tightening. A couple voted not to raise rates in July. A "number" said balance sheet runoff need not end when rate cuts start. The minutes noted that with rates at these elevated levels, members said that the economy was expected to slow and unemployment would likely rise from current levels, but staff economists retracted an earlier forecast that troubles in the banking industry could lead to a mild recession this year. Japanese exports In Japan, exports fell in July for the first time in nearly 2 1/2 years. Japanese exports fell 0.3% in July year-on-year, compared with a 0.8% decrease expected by economists. It followed a 1.5% rise in the previous month. Exports to China, Japan's largest trading partner, fell 13.4% year-on-year in July due to drops in shipments of cars, stainless steel, and integrated circuit chips (IC), following a 10.9% decline in June. Australian labour market Is the Australian labour market finally loosening? After two months of very strong growth, employment in Australia unexpectedly fell in July. Net employment fell by 14,600 in July from June, reversing some of June's 31,600 jump. The jobless rate rose to 3.7% from 3.5%, topping analysts' forecasts of 3.6%. This is also the highest reading since April. The Australian Bureau of Statistics The Australian Bureau of Statistics warned that these figures were likely impacted by the timing of school holidays in July, which could have artificially depressed the numbers. Nonetheless, market commentators can't help thinking that Australia's economy is now at a turning point and wonder what Reserve Bank of Australia ( RBA) members will make of this latest data. Opinions on the next rate decision couldn't be more split. Futures imply a 50-50 chance of one more quarter-point hike to 4.35% by the end of the year. Cisco There was a lot of volatility around Cisco shares in extended trading yesterday evening. The stock eventually ended up 1.2% higher on the IG all-session market. Investors were torn between some good news and better than expected earnings and revenue, and concerns around revenue forecasts. Earnings came in at $1.14 per share, better than the $1.06 anticipated by analysts. Revenue reached $15.20 billion, higher than the Street's expectations of $15.05 billion. But expectations cast a shadow on the group's quarterly performance. Cisco forecast Cisco forecast full-year revenue to be between $57 billion and $58.20 billion, below estimates of $58.4 billion. During the call following this release, Cisco CEO Chuck Robbins talked up the group's position in the Al race, saying that Cisco is likely to be a leading supplier of the networking equipment needed for the expansion of Al. Walmart The world's largest supermarket chain, Walmart, is due to report at lunchtime. Earnings are expected at $1.69 per share for the second quarter on revenue just short of $160 billion. Compared to the same quarter a year ago, this would mean a rise in revenue but a fall in earnings, a very similar situation to what we saw three months ago. The increase in revenue reflects a rise in costs, but Walmart has to reduce its margins to keep its customers. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  24. Outlook on the Nvidia share price ahead of its upcoming Q2 results. Source: Bloomberg Shares Nvidia Price Share price Integrated circuit Graphics processing unit Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 16 August 2023 17:00 When are Nvidia’s results expected? Nvidia is set to release its second quarter (Q2) 2023 results on 23 August 2023. The results are for the quarter ending July 2023. What is ‘The Street’s’ expectation for the Q2 results? ‘The Street’ expectations for the upcoming results are as follows: Revenue of $11.160 billion : +66.47% year-on-year (YoY) Earnings per Share (EPS) : $2.07: +405.88% (YoY) Nvidia – the great outperformer The ongoing global surge in the demand for Artificial Intelligence (AI) chips continues to squeeze the supply of these with gulf states such as Saudi Arabia and the United Arab Emirates (UAE) entering the fray and buying up thousands of high-performing Nvidia chips. According to the Financial Times (FT), “Saudi Arabia has bought at least 3,000 of Nvidia’s H100 chips — a $40,000 processor described by Nvidia chief Jensen Huang as “the world’s first computer [chip] designed for generative AI.” The FT furthermore reported that “the UAE has also secured access to thousands of Nvidia chips and has already developed its own open-source large language model, known as Falcon.” According to the newspaper, Nvidia is expected to sell over half a million of its high-end H100 computer graphic processing units (GPUs), raking in tens of billions of dollars in 2023. The period from October 2022 onwards saw increased recession fears and worries about declines in earnings, neither of which has yet occurred on a wider scale. With so much negative news baked into the share price, there was plenty of room for Nvidia to outperform forecasts, which it duly has. The question for investors now is whether the company’s exceptional gains can be sustained and whether Nvidia can live up to the undeniable hype surrounding AI. Since AI chip shipments are forecast to increase next year and beyond, Nvidia with a significant market share of around 60%, is expected to benefit massively. With gaming revenue picking up as well, another valuable revenue stream for the company could be further exploited. But just as Nvidia benefited from the lack of good news last year, this year it continues to face an uphill struggle, even if its share price has so far more than doubled. Investors remain positive with regards to the company’s coming quarters, but at today’s multiples Nvidia trades at 228 times current earnings. That is an awful lot of good news in the share price, and it seems reasonable to expect that the gravy train will at some stage come to a halt. The question is when exactly this will be. How to trade Nvidia into the results Source: Refinitiv Refinitiv data shows a consensus analyst rating of between ‘buy’ for Nvidia – 15 strong buy, 29 buy, 6 hold and 1 sell - with the median of estimates suggesting a long-term price target of $500.00 for the share, roughly 13.8% higher than the current price (as of 16 August 2023). Source: IG IG sentiment data shows that 52% of clients with open positions on the share (as of 16 August 2023) expect the price to fall over the near term, while 48% of clients expect the price to rise. Trading activity over this week and month shows 54% and 51% of sells, respectively. Nvidia – technical view The Nvidia share price has risen by an impressive 207% year-to-date, but has given back around 16% from its mid-July $480.88 all-time high before recouping half of these losses in the course of this week. According to the 9-Day Relative Strength Index (RSI), the share price is currently bouncing off its oversold level of around 27%. The last time it did so was in January, at the beginning of this year’s impressive bull run. Nvidia Daily Chart Source: Tradingview It looks as if the Nvidia share price has ended its recent consolidation phase and has resumed its ascent towards the $500 region. Only a fall through and daily chart close below not only this year’s uptrend line at $383.90 but also the post Q1 earning’s results low at $366.35, would question our medium-term bullish outlook. In this scenario the Nvidia share price is expected to at least partially fill the May price gap. The area between the November 2021 high and the mid-May high at $346.47 to $318.28 would then represent a great long-term buying opportunity. Nvidia Weekly Chart Source: Tradingview
  25. Hi @MvW6868, Thank you for your post. Please note that unlike with trading CFDs or spread bets, stop losses stops are not available with share dealing. There are two main stop orders: stop-loss and stop-entry, a stop loss which is when you exit a trade when a price moves against you and hits a certain level of loss, is not available for share dealing. A stop entry order, the opposite of a stop-loss order, used to open a position when the market hits a predetermined level is available on share dealing. I hope this helps and clarifies any confusion you might have had. All the best, -KoketsoIG
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