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KoketsoIG

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  1. Hi @Sporran, We hope you are having a good day so far. Please note that our corporate actions team has confirmed they will send communications later today. All the best, KoketsoIG
  2. Dear @Agarwal, This is great! Thanks for sharing! Thanks, KoketsoIG
  3. Hi @Agarwal, Thank you for sharing. Thanks, KoketsoIG
  4. Dear @espiral, Thank you for your request, unfortunately, we cannot offer this stock for leveraged accounts due to higher broker margins. The stock is only available for share dealing. Thanks, KoketsoIG
  5. In a long-expected move, the Bank of Japan ended its negative interest rate policy after 8 years and abandoned its yield curve control policy of capping long-term rates around zero. The BoJ also said it would stop purchasing risky assets like ETFs and REITs. This marks the end of Japan's era of ultra-loose monetary policy and cheap money. The announcement initially led to volatility in Japanese markets, with shares fluctuating before rising and the yen sliding to 150 per dollar against the US dollar. While the BoJ pledged to maintain some accommodation, traders expect rates to remain at zero for now. The Reserve Bank of Australia left rates unchanged as expected but watered down its tightening bias, weighing on the Australian dollar. The moves come ahead of the US Federal Reserve's decision on Wednesday, where it is expected to hold rates steady. However, investors will scrutinise the Fed's economic projections and estimated rate cuts for 2023. European markets are expected to open lower as caution persists ahead of the Fed meeting.
  6. Hi @tafkasa, Thank you for contacting IG. Please note that the transfers team shares this information. Kindly contact them on transfers@ig.com Thanks, KoketsoIG
  7. Thanks @Sporran, We'll keep you posted as soon as our team provides feedback. Thanks, KoketsoIG
  8. The Week Ahead Read about upcoming market-moving events and plan your trading week Week commencing 18 March Chris Beauchamp's insight This week is a vital one for markets, with several major central bank decisions on the calendar. The Bank of Japan (BoJ) could finally bring the era of negative interest rates to an end on Tuesday, though the decision is finely-poised. Meanwhile, the Federal Reserve (Fed), while likely to keep policy unchanged, may have to adapt its tone after two hotter inflation readings over the past week. The Bank of England (BoE) is not expected to change rates, but in its case falling inflationary pressures could see policymakers start to shift their rhetoric in a more dovish direction. Corporate news is much lighter, but FedEx, Micron and Nike in the US are major earnings releases, while in the UK retailer Next and insurer Prudential publish full-year earnings. Economic reports Weekly View Monday 2 am – China industrial production, retail sales (Jan-Feb). Markets to watch: CNH crosses Tuesday 3 am – Bank of Japan rate decision: there is around a 50% chance that the BoJ will raise rates from their current negative level, for the first time since the beginning of 2016. Markets to watch: Japan indices, JPY crosses 3.30 am – Reserve Bank of Australia rate decision: rates expected to be held at 4.35%. Markets to watch: AUD crosses 10 am – German ZEW index (March): index expected to rise to 21 from 19.9. Markets to watch: EUR crosses 12.30 pm – Canada inflation rate (February): CPI forecast to fall to 2.7% from 2.9% YoY, and rise to 0.2% from 0% MoM. Markets to watch: CAD crosses Wednesday 7 am – UK inflation rate (February): UK CPI is expected to hold at 4% YoY and jump to 0.7% MoM from 4% and -0.6% respectively. Markets to watch: GBP crosses 2.30 pm – US EIA crude oil inventories (w/e 15 March): stockpiles fell by 1.5 million barrels in the preceding week. Markets to watch: Brent, WTI 6 pm – US FOMC rate decision: rates are expected to be held at 5.5%, but the potential path for rates will dominate the discussion and press conference. Markets to watch: US indices, USD crosses Thursday 12.30 am – Australia employment data (February): The unemployment rate is expected to fall to 4%. Markets to watch: AUD crosses 12.30 am – Japan PMI (March, flash): manufacturing PMI to rise to 48.2. Markets to watch: JPY crosses 8.30 am – Germany PMI (March, flash): manufacturing PMI to rise to 47.4 from 42.5. Markets to watch: EUR crosses 9.30 am – UK PMI (March, flash): services PMI to fall to 53.7 from 53.8, while manufacturing PMI to fall to 47.1 from 47.5. Markets to watch: FTSE 100/250, GBP crosses 12 pm – Bank of England rate decision: rates expected to remain at 5.25%, with 1 out of 9 members expected to vote for a rate cut. Markets to watch: GBP crosses 12.30 pm – US initial jobless claims (w/e 16 March): claims expected to rise to 216K from 209K. Markets to watch: USD crosses 1.45 pm – US PMI (March, flash): manufacturing PMI to fall to 52 from 52.2, and services to fall to 52.2 from 52.3. Markets to watch: USD crosses 11.30 pm – Japan CPI (February): prices are expected to rise 2.9% YoY from 2.2%. Markets to watch: JPY crosses Friday 7 am – UK retail sales (February): sales to rise 0.3% MoM from 3.4%. Markets to watch: GBP crosses 8 am – German IFO business climate index (March): index to rise to 86 from 85.5. Markets to watch: EUR crosses Company announcements Monday 18 March Tuesday 19 March Wednesday 20 March Thursday 21 March Friday 22 March Full-year earnings Wickes Prudential, Computacenter Next, Direct Line Half/ Quarterly earnings Close Bros. Micron FedEx, Nike JD Wetherspoon Trading update* Associated British Foods Sthree Dividends FTSE 100: British American Tobacco, Hikma Pharmaceuticals, Schroders, Pearson, Beazley FTSE 250: Chemring, Crest Nicholson 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 18 March Tuesday 19 March Wednesday 20 March Thursday 21 March Friday 22 March Monday 25 March FTSE 100 6.78 Australia 200 0.3 0.1 0.5 0.1 1.0 Wall Street US 500 0.68 0.12 0.27 0.01 Nasdaq 3.63 Netherlands 25 0.59 EU Stocks 50 2.5 4.6 China H-Shares Singapore Blue Chip Hong Kong HS50 0.4 1.0 South Africa 40 75 172 Italy 40 Japan 225 * Please note these can change without notice
  9. FX traders brace for four central bank meetings. The Bank of Japan and the Reserve Bank of Australia on Tuesday, then on Wednesday it’s the turn of the US Federal Reserve and the Bank of England on Thursday. Written by: Angeline Ong | Financial Analyst, Presenter and Content Editor, London Publication date: Monday 18 March 2024 11:30 IG financial analyst @AngelineOng looks at what’s expected and why the BOJ decision is perhaps the most interesting monetary policy event this week. (AI Video Summary) Central Bank meetings This week, there are four important central bank meetings happening that will have a big impact on Forex trading. On Tuesday, the Bank of Japan and the Reserve Bank of Australia (RBA) will have their meetings, followed by the Federal Reserve on Wednesday, and the Bank of England on Thursday. These meetings are very important because the decisions made by these central banks can affect the value of different currencies. The Bank of Japan Let's start with the Bank of Japan. They have recently increased wages, which is a good thing for the economy. However, there are concerns that this might lead to higher inflation, so the bank might need to make some changes to their monetary policy to control it. People are watching closely to see if they will raise interest rates from their current negative level. The Reserve Bank of Australia Next, we have the Reserve Bank of Australia. They are expected to keep their interest rates the same, but economists believe that they might make some cuts in the coming months. This is different from other central banks, so it's a bit surprising that the Australian dollar isn't getting stronger against the New Zealand dollar. Moving on to the Federal Reserve, they will most likely keep interest rates steady for now. However, some recent economic data has been better than expected, which might make them reconsider. They will base their decisions on how the data looks in the coming months. The Bank of England Lastly, we have the Bank of England. They are not expected to make any changes right now, but there is speculation that they might cut interest rates later in the year. They are worried about wages increasing faster than prices, which could lead to inflation.
  10. Dear @Sporran, Thank you for reaching out. Tender offers are typically communicated via email. I've alerted our corporate actions team to gather more information on this matter. We'll keep you posted once we receive their response. Thanks, KoketsoIG
  11. The week started relatively quietly in Asia, though China's industrial output and retail sales data beat forecasts, indicating a potential pickup in global factory growth. However, a 9% yearly drop in Chinese property investment remains a concern. A busy week lies ahead for central banks, with meetings scheduled at the Federal Reserve, Bank of Japan, Bank of England, Swiss National Bank and others. Speculation is high that the Bank of Japan will end its negative interest rate policy after eight years, potentially as soon as this week's meeting on Tuesday. At the Fed meeting on Wednesday, while rates are expected to remain unchanged at 5.25-5.5%, the focus will be on the dot plot projections for rates and inflation. A key question is whether the median dot plot will shift to reflect two 25bps rate cuts this year instead of three. The Bank of England meets on Thursday and is likely to hold rates at 5.25%, with around a 50% chance of a first-rate cut priced in for June. Inflation data will be watched closely ahead of the BoE and SNB meetings. After a weaker finish for US markets on Friday, this week could set the tone for some time, depending on what the world's policymakers have to say.
  12. Dear members, @Ikechukwu, @TheGuru12 and @andysinclair, Thank you for the post, Apologies for the inconvenience caused, please note that we will be working on cleaning up the community to delete and ban these posts. You can also assist us in being aware of these by reporting and flagging them. Thank you and all the best, KoketsoIG
  13. Dear @NotSoAnonymous, Please note that market orders are available during market open. To place an order to a working order, you are better off placing a limit or stop order. Please also note that on share dealing accounts, some equities will not have the 'stop' order type option. We have a lot of resources on order from our platform: Limit Orders and Stop Orders All the best, KoketsoIG
  14. Hi @eileen and @Henniet, Thank you for the posts, Apologies for any inconvenience caused, please note that these have now been uploaded on the blogs. Thanks, KoketsoIG
  15. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 25th March 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.
  16. Dear @LukeA214, Welcome to the IG community and thank you for your post. Please get in touch with our transfers team, who will assist you with all the details required to transfer your shares into IG. The email address is stock.transfers.au@ig.com Thanks, KoketsoIG
  17. Dear @keroppi, Unfortunately, there is no way to change this. Thanks, KoketsoIG
  18. Dear @JoJo, Welcome to the IG community, we are glad to have you here. Please note that your account application is still under review, we have reached out to the new business team in the Australian office to provide you with an update. Thanks, KoketsoIG
  19. Dear @BogdanV, Thank you for post. Please note that commodity futures settle in the month previous to the named month (so Feb settles in Jan, Mar settles in Feb). Please note we are only reflecting the terms of the real market. Options expiry is similar to futures contracts for commodities in that they all settle a few days/weeks before the start of the name month. This is due to the difference in 'the last trade date' and the 'delivery date' as if you were taking physical delivery of the commodity, it happens on the month itself but trading concludes in the month prior. Please refer to the CME website for a list of expiries: Gold Options Calendar Thanks, KoketsoIG
  20. @Cristiano73 Noted, we recorded your suggestions for our team to pick up on. Thanks, KoketsoIG
  21. Dear @Ben2024, Welcome to the IG community! Thank you for your post. I have sent you a DM as requested. All the best, KoketsoIG
  22. Dear @Sartois, Thank you for reaching out! It seems like the order type may be causing the rejections. To trade in the pre-market, make sure to select a Day (All sessions) expiry type. Thanks, KoketsoIG
  23. Dear @Sartois, Thank you for reaching out! We have forwarded your request to the shares desk and will share feedback once it has been reviewed. Thanks, KoketsoIG
  24. Dear @123abc, Thank you for your patience. Yes, the desk will ensure that these are changed to correctly reflect the updated limits. Please also note that the limit is in GBP so it would be GBP30 pp for spread betting or the $ equivalent. Thanks, KoketsoIG
  25. Dear @123abc, Thank you for your response. We apologize for any inconvenience caused. The desk has confirmed that the limit for long positions is 2M. Please be aware that these limits are subject to change. Feel free to contact us for updates on limits or any questions about limit increases. Thanks, KoketsoIG
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