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DanielaIG

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Everything posted by DanielaIG

  1. DanielaIG

    US ETF: Your order has been rejected.

    Hi @rwolst, due to new regulations that came in to force, we can no longer offer most US ETFs to retail clients in ESMA regulated countries. This is probably the reason as to why your orders are getting rejected.
  2. DanielaIG

    UK stocks don’t seem to add up.

    Hi @ChrisDrain, as @cryptotrader has mentioned, uk shares are traded in pence rather than pounds. Therefore you bought the share at £5.057 and if you had closed out at £5.15, it would have realised a gain of 9 pence per share, which amounts to a profit of £13 for 140 shares.
  3. DanielaIG

    trading shares/CFDs

    Hi @OllyB777, yes you are correct. When dealing on shares, there is a commission for entering and exiting the trade, both on CFD and Share dealing. These charges are taken from your account when you open the position and then when you close it. As you mentioned, there is also an overnight funding charge on CFDs and a borrowing cost if you are going short the share. You can find our charges and commissions on the following links. CFD: https://www.ig.com/uk/spread-betting-cfds-charges Share dealing: https://www.ig.com/uk/investments/share-dealing/costs-fees
  4. DanielaIG

    Demo accounts

    Hi @JShaw, we do not actually reset demo accounts but you can apply to open a new demo with a different email address.
  5. Weak retail figures in the US have spilled over to most major stock markets, with European stocks set to open lower this morning. The 1.2% decline in retail sales for the month of December, the biggest drop in almost ten years, have brought new fears that we are facing a global economic slowdown. The DJIA closed 104 points lower at 25,439.39, the S&P 500 closed 7 points lower at 2,745.73, whilst the Nasdaq managed to close in the positive with a gain of 6.6 points at 7,426.96. China's lower than expected inflation figures for the month of January have only added to ongoing concerns of a global slowdown in growth. China's consumer price index came in at a rise of 1.7%, lower than the expected figure of 1.9% polled by Reuters. These lingering concerns about the future of growth had most of China's stocks trading slightly lower on Friday, with he Shanghai composite down 0.62%, the Hang Seng index down 1.64% and the Shenzhen composite largely flat. Following the Chinese stocks, the Nikkei 225 was down 1.23% and the Topix was 0.88% lower. Donald Trump has reportedly agreed to sign a spending bill to avoid a second US government shutdown but it comes hand in hand with declaring a national emergency to receive funding for his Mexican wall in order to stop the "national security and humanitarian crisis at the border". Oil is continuing its three month rally as Brent crude oil prices have hit a high for 2019, above $65 per barrel. The West Texas Intermediate (WTI) crude futures were trading at around $55 a barrel, 0.6% higher than its previous settlement. This price rally is mostly due to OPEC cutting production in a bid to tighten market conditions and increase oil prices. Asian overnight: An overwhelmingly negative end to the week in Asia has seen sharp losses across Japan, China, and Hong Kong. Australia provided the one flash of green on an otherwise red session. Part of this pessimism comes as the US-China trade talks draw to an end once more, with a major breakthrough seemingly likely today. On the data front, Chinese inflation fell sharply to 1.7%, from 1.9%. Meanwhile, Japanese industrial production remained in negative growth for December. UK, US and Europe: Looking ahead, the UK focus remains in play, with the latest retail sales figures hoping to escape the downturn seen in yesterday’s US figures. In the US session, markets will be closely watching out for any announcements as the US-China trade talks draw to a close. Also make sure to keep an eye out for the latest Empire state manufacturing survey, Baker Hughes rig count, and Michigan consumer confidence data. We are also expecting to see Donald Trump call a national state of emergency in a bid to build his wall. On the UK side, we saw Theresa May lose yet another vote in parliament, making it even more difficult to gain any concessions from the EU. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 9.30am – UK retail sales (January): expected to rise 0.6% MoM. Market to watch: GBP crosses 1.30pm – US Empire State mfg index (February): index to rise to 6 from 3.9. Markets to watch: US indices, USD crosses 3pm – US Michigan consumer confidence (February, preliminary): confidence to rise, with the index rising to 94.5 from 91.2. Market to watch: USD crosses Corporate News, Upgrades and Downgrades Royal Bank of Scotland reported pre-tax profit of £1.62 billion for 2018, up from £752 million last year. A special dividend of 7.5p per share and a final dividend of 3.5p per share will b paid. However, the bank expects 2019 to be full of challenges. Segro will launch a £450 million share issue to fund its development pipeline. New shares will be issued at 10p each. Mondi expects to report stronger earnings thanks to stronger demand. Underlying ebitda for 2018 is expected to be above 2017’s €1.48 bilion. Patisserie Holdings has sold its Baker & Spice chain to the Department of Coffee & Social Affairs for £2.5 million. Capita upgraded to overweight at Barclays Restaurant Group upgraded to buy at Berenberg DFS Furniture upgraded to buy at Berenberg Domino’s Pizza Group downgraded to sell at Berenberg Drax downgraded to sell at Citi Oriflame downgraded to hold at SEB Equities Proximus downgraded to underweight at Barclays IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  6. Figures released for China's exports in the month of January show a 9.1% growth year on year on its dollar-denominated exports. This has beat expectations of a 3% drop in exports predicted for the month of January on the back of December's 4.4% drop. This increase brings the total Chinese trade surplus to $39.16 billion for the month of January, notably lower than the $57.06 billion surplus in December. Despite the better than expected figures, some investors are still weary about this signalling real growth in Chinese exports, as they believe this increase can be on the back of companies relocating it products in anticipation of the possible outcomes on the ongoing US-China trade wars. As news came out that US President Donal Trump is considering extending the China tariffs deadline by 60 days, Chinese stocks were slightly higher on Thursday as they pay close attention to the outcome of the US-China talks taking placed in Beijing. Despite the better than expected trade figures mentioned above, the Shanghai composite was down by 0.3% while the Shenzhen composite was slightly higher, up by 0.3%. Hing Kong's Hang Seng index fell by 0.37%. The DJIA closed on the positive on Wednesday, up 117.51 points at 25,543.27, on the back of positive outcomes from trade talks and better than expected stock performances. The S&P 500 closed 0.3% higher at 2,753.03 and the Nasdaq was up by 0.08% closing at 7,420.38. Oil continued its rise on Thursday's Asian session as progress on tariff talks is expected to improve the outlook on global trade and economic growth, and Chinese export figures show that imports of oil remained above the 10 million barrels per day threshold for a third month in a row. The WTI crude futures were up 0.5% at $54.16 and Brent crude oil futures were up 0.6% at $63.98 at midday. Theresa May stood her ground yesterday as she announced that she is willing to go through with a no deal Brexit if MPs do not vote her amended deal, after rumours that she was considering extending article 50 to avoid a hard Brexit on March 29. Credit Suisse has bounced back to profits for the first time since 2014. The swiss bank reported a profit of 2.1 billion swiss francs for the full year of 2018, after posting a loss of 983 million swiss francs in 2017. The bank completed a 3 year restructuring program at the end of last year. Asian overnight: Asian markets failed to follow up on yesterday’s gains, with indecision rife despite seemingly positive developments in US-China trade talks. The session saw minimal moves, with a 0.3% rise in the Shenzhen composite marking the biggest mover which has seen most early moves eradicated as they move towards the close. This came on a session where data dominated, with a rise in Japanese Q4 GDP (0.3%) being overshadowed by a huge revision to the Q3 figure (-0.6% from -0.3%). That marks the biggest slowdown in Japanese GDP since 2014. Elsewhere, the Chinese trade balance data provided a much more optimistic outlook, with a sharp jump in both imports and exports helping improve sentiment around the Asian powerhouse. UK, US and Europe: Germany has just narrowly missed a technical recession as Q4 GDP came in flat at a 0% growth, below the 0.1% growth forecasts. This poses big concerns for the future growth of the European Union as Germany is usually seen as the big growth driver. The troubling data comes after Italy announced it had entered a technical recession at the end of January as it had two consecutive quarters with GDP contraction. Looking ahead, growth concerns remain the key focus for the European session, with eurozone GDP figures for Q4 expected to bring continued volatility for the euro and eurozone stock markets. In the US, retail sales, PPI, and business inventories are worth keeping an eye out for, while Coca-Cola provides the main US company to report. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 10am – eurozone GDP (Q4, preliminary): QoQ rate expected to be 0.2% and YoY 1.2%, from 0.2% and 1.6% respectively. Market to watch: EUR crosses 1.30pm – US retail sales (December): expected to rise 0.2% MoM. Markets to watch: US indices, USD crosses Evening – UK Parliament to vote on Brexit deal Corporate News, Upgrades and Downgrades EasyJet said that it was in discussions with Ferrovie and Delta about forming a consortium to look at Alitalia, but that there was no certainty any transaction would proceed. AstraZeneca reported a 2 fall in overall revenue for 2018, to $22.09 billion, while reported operating profit fell 7% to $3.38 billion. The firm said that the final quarter was strong, with a good performance in its emerging markets business. Micro Focus suffered a 5.3% drop in revenue for the year to the end of October, but adjusted earnings rose 9.2% to $1.53 billion. Chemring Group raised to overweight at Barclays Grieg Seafood upgraded to buy at Fearnley Royal Mail raised to equal-weight at Morgan Stanley Air France-KLM cut to sector perform at RBC Dunelm downgraded to reduce at HSBC RSA downgraded to neutral at JPMorgan IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  7. Theresa May is set to meet with European leaders today to have crucial talks about amending her Brexit proposal with all of the focus on the Irish backstop. She flies to Brussels a day after European Council president Donald Tusk faced backlash after he claimed there is 'a special place in hell for Brexiteers'. The Bank of England is set to announce its rate decision today at noon, with forecasts expecting rates to be unchanged until some of the Brexit uncertainty has passed. US indices closed lower as the DJIA closed 21 points lower at 25390.30, losing a 5-day rally, the NASDAQ closed 27 points lower at 7375.28 and the S&P 500 closed 6 points lower at 2731.61. European stocks closed slightly higher on Wednesday but the markets are still weary about earnings results still to come and the top European indices (FTSE, CAC and DAX) are expected to open lower today. Stocks in Asia were trading mixed today, with the Nikkei 225 closing 0.6% down at 20,751.28 despite Softbank shares rising more than 17% after announcing a share buy-back of up to 600 billion yen in the next year. The Topix also declined 0.83% and the Kospi was trading largely flat. On the other hand, the ASX 200 was trading 1.1% higher closing at 6,092.50. As the dollar index is keeping close to its two week high, gold has slipped to $1,303.64, nearing its lowest point for the year at $1,302.84 on Jan 29. Continuing concerns about a global economic slowdown coming from dovish central bank rate decisions is keeping the precious metal above the $1,300 level. Both Brent and Crude Oil prices have fallen as US crude inventories held production at record highs. Asian overnight: The rally is looking tired, with a mixed session on Wall Street last night, and with little in the way of news for the day ahead equities may continue to struggle. Asian markets were broadly positive, although the Nikkei lost ground. While China and Hong Kong remain closed on account of Lunar New Year's festivities, US index Futures are trading modestly lower this morning. Metal prices are trading mixed with gold back testing the $1300/oz mark, and platinum testing the $800/oz mark while silver and palladium prices are slightly firmer on the day. Crude oil prices are marginally lower although still trade near multi-week highs. After a broad global bounce in equities, the question is what can now drive stocks higher. UK, US and Europe: As Theresa May is set to fight for a Brexit deal amendment in Brussels today, the Bank of England will announce its rate decision and inflation report at noon. A hard Brexit could see a forced reaction from the policy makers to reduce rates to cope with the immediate disruption to trade and the economy, which would resemble the BoE's reaction to the shocking Brexit results where it introduced a quantitative easing program and cut rates by a quarter of a point. Nevertheless, it is expected that the BoE will hold any rate changes until some uncertainty clears. But leaving the politics aside, the monetary policy committee may be confident that growth and inflationary pressure are strong, which could signal that there will be gradual rate hikes post Brexit. there is 'a special place in hell for Brexiteers' The cable is the currency pair to watch after the announcement, as the greenback remains as the safest currency, a dovish approach from the BoE signalling to further economic concerns due to the uncertainty of Brexit 50 days out from the leaving date, could mean the GBP/USD may be testing the $1.28 line. South Africa: The rand has weakened against a rebound in the dollar. South Africans will look to this evenings State of the Nation address for news relating to an Eskom bailout and possible effects on the rand. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 12pm – BoE rate decision & inflation report: no change in policy is expected, though with no progress on Brexit it will be interesting to watch the MPC’s views on the UK economy. Market to watch: GBP crosses 1.30pm – US initial jobless claims (w/e 2 February): previous week’s reading 253K. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades Bellway said that it expects a 12% rise in total revenues for the first half, helped by higher average selling prices. Completions rose 5.6% while the average selling price was up 6.5%. Compass upgraded its outlook for the full year, expecting organic growth to come in slightly above the mid-point of guidance. Organic revenue for the final quarter of 2018 was up 6.9%. Thomas Cook is exploring the sale of its airline business in a bid to raise cash. Q1 underlying losses rose to £60 million, from £46 million a year earlier Alstom upgraded to buy at Berenberg BT upgraded to buy at DZ Bank Daimler upgraded to hold at Commerzbank Volvo upgraded to neutral at Baird Infineon downgraded to hold at DZ Bank Lundin Petroleum cut to hold at Kepler Cheuvreux Munich Re downgraded to hold at DZ Bank Repsol cut to equal-weight at Barclays IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  8. DanielaIG

    Apple earnings release 29 Jan

    As Apple is set to release earnings tonight, it will be the first quarter that investors do not have sales reports on individual products before the release. This is because the company announced that it would not be delivering specific figures for iPhone, iPad and Mac sales for the quarter as they believe the number of iPhone sales “isn’t a representative of the underlying strength of our business” and that “a unit of sale is less relevant for us today than it was in the past, given the breadth of our portfolio and the wider sales price dispersion within any given product line.” But we all know that when a company has sold a lot, they want to let the world know how well they have done, as said by Steve jobs himself “if a company is selling a lot of stuff, they want people to know about it. If they aren’t, then they don’t”. On top of that, it is no secret that iPhone sales were short of estimates in the previous quarter. Nevertheless, as the average price of an iPhone has increased, Apple’s profits are still being driven higher. This leaves a wary sentiment about Apple’s earnings release. With a slowdown in sales offset by higher sale prices, and a general feeling that economies are slowing down growth, Apple’s Q4 earnings release is marked by the pre-announcement issued on Jan 2 where Apple reported it had missed expectations for the year due to a slowdown in sales in China. As Apple shares suffered the weight of the slowdown and the subsequent downgrade from firms like Bank of America, could a lower expectation on the back of the Jan 2nd announcement mean that Apple can beat expectations? Find out what founder and CEO of Pocket Lint Stuart Miles has to say about Apple’s earnings forecast as he is interviewed by IGTV presenter Victoria Scholar. As always, leave your comments and ideas below!
  9. As MPs prepare to vote on amendments to the Brexit Plan, Theresa May has set the 13th of Feb as the date to hold a second round of voting on her Brexit deal. Apple is set to release its Q4 earnings after market close today. According to Zacks Investment Research, the EPS is expected to be $4.17, an increase of 7% YoY. This will be a crucial earnings report for Apple, as it pre-announced its December results on January 2nd, lowering revenue expectations by 8%, and blaming the slowdown on weaker than expected sales of iPhones in China. The US DoJ has filed criminal charges against Huawei for allegedly stealing trade secrets from T-Mobile. This comes after it is seeking to extradite its CFo Meng Wanzhou to the US from Canada following her arrest on fraud charges in early December. Asian stocks were trading lower on Tuesday morning as ongoing trade tensions between the Us and China resume talks. In mainland China, the Shanghai composite was trading 0.5% lower, whilst the Shenzhen composite was down by 1.36%. Meanwhile the Nikkei 225 was down 0.12%, and Hong Kong's Hang Seng and South Korea's Kospi were down 0.59% and 0.3% respectively. Donald Trump has mentioned that another government shutdown is “certainly possible” as he believes there is a low chance that congress will fund the wall. It comes as economists forecast the shutdown cost the economy $11 billion. The Dow Jones industrial Average closed 209 points lower at 24,528 as Caterpillar reported weaker than expected quarterly earnings and Nvidia cut their revenue forecast. The S&P 500 and Nasdaq followed the Dow as they closed 0.8% and 1.1% lower respectively. European stocks closed the first trading day of the week lower as concerns over Brexit still loom and Tesco announces it will cut jobs and replace workers with vending machines. After leaving policies on hold at last week´s meeting, ECB president Mario Draghi warned investors on Monday that the European union's growth dip could be bigger and longer than initially expected. Gold prices remained stable near the $1,300 mark on Monday, as investors await for more developments on the US-China trade wars as talks are expected to be held in the next few days. Oil dropped on Monday as weak industrial earnings from both the US and China raise further concerns about a global economic slowdown. Asian overnight: Markets were volatile yesterday after disappointment following Caterpillar earnings, and a slow recovery in sentiment was knocked by news that the US had charged Huawei with corporate theft and sanctions violations. The move threatens to escalate the US-China trade standoff, which had seemed to be calming down ahead of talks between the two sides this week. BHP Billiton is up 2.1% in Australia after not trading yesterday on account of a public holiday within the region. Tencent Holdings is flat in Asia this morning suggestive of a similar start for major holding company Naspers UK, US and Europe: Global markets are trading lower this morning, taking their lead from US markets overnight which fell on weaker than expected earnings and suggestions of a weaker forward outlook amidst trade uncertainties and a slowdown in a projected global economic growth. British MPs are expected to vote on 16 amendments to Theresa May's Brexit deal tonight, including one proposed by Labour's Yvette Cooper which could rule out a no-deal Brexit by delaying the UK's exit from the EU for at least 9 months. Downing Street says Theresa May is willing to go to Brussels to renegotiate the Irish backstop in an attempt to pass her Brexit deal. The 2.5% jump on the cable in the past week shows that the market is less fearful of a no-deal Brexit, as other outcomes such as an amended deal or a new referendum are seen as more likely than a hard Brexit. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Royal Mail has downgraded letter volume guidance, blaming new European privacy regulations. Overall performance for the nine months to 31 December was in line with forecasts, through letter volumes were down 8% and revenue was 6% lower. Domino’s Pizza said that it expected annual pre-tax profit to be at the lower end of expectations, as weaker international sales offset a strong UK performance. Sales rose 5.5% to £339.5 million for the three months to the end of December. PZ Cussons reported a 20% drop in first-half profit, to £26.7 million, while revenue was 10% down at £335.1 million. Annual guidance was downgraded, with adjusted profit for the full year expected to be around £70 million. Hargreaves Lansdown saw a 6% drop in assets under administration, to £85.9 billion in the first half, while the number of clients rose by 45,000, to 1.136 million. Pre-tax profit rose 4% to £153.4 million. Aeroports de Paris upgraded to neutral at Citi BAT upgraded to overweight at Piper Jaffray Rheinmetall upgraded to outperform at MainFirst TI Fluid upgraded to buy at Citi Diploma downgraded to hold at Berenberg Halma downgraded to hold at Berenberg JM downgraded to sell at SEB Equities Polymetal downgraded to hold at VTB Capital IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  10. Hi Brett, We do have Nasdaq available on our trading platform, you can find it under the code 'US Tech 100'. Regards
  11. Hi Shengg, no, since new European regulations have changed how accounts are classified, stops on MT4 are only non-guaranteed.
  12. Hi Shengg, we offer micro lots for Forex on MT4 (Meta Trader), the minimum being 0.01 lots of a standard contract.
  13. Huawei CFO Meng Wanzhou was arrested in Canada where she faces extradition to the US for violating US sanctions, leading to growing tensions between the China and US that create further doubt about the cease-fire on the tariff war declared over the weekend. Shares in Asian suppliers to Huawei sank on Thursday after the arrest was made pubic. Asian markets fell on Thursday ahead of the highly awaited OPEC meeting to be held in Austria today. The Hang Seng was down 2.62%, the Nikkei fell 1.91% and the Shanghai composite slipped 1.26% during the morning trading session. The UK could face “protracted and reported rounds of negotiations” if it tries to exit a backstop customs union with the EU. The FTSE 100 closed 1.44% lower at 6.921,84 on Wednesday, with a general decline in its constituents led by Ashtead Group PLC, Melrose Industries PLC and NMC Health PLC who lost 5.83%, 5.05% and 5.05% respectively. European stocks were trading lower on Wednesday as continuing worries about global trade leave investors with concerns regarding the future of economic growth. The Dax was down 1.19% whilst the CAC and the IBEX were down 1,36% and 0.55% respectively. US markets are expected to continue the sell-off on Thursday as DOW futures drop almost 400 points. As stock markets remained closed on Wednesday for the official mourning day of former US president George H.W. Bush, the growing tensions between China and the US continue to place uncertainty on the viability of the two countries honouring the cease-fire declared over the weekend, leaving investors feeling weary, which is putting downward pressure on the stock market. Palladium has become one of the best performing precious metals in the year, dethroning gold as the most valuable precious metal. The metal hit $1,257 per ounce, surpassing the price of gold for the first time since 2002. The demand for palladium is expected to rise as tougher emission laws come in to place. Copper has drifted to a one-week low as US-China tensions resurface. Join us today at 1pm to discuss the future of Base Metals where you can ask your questions to our guest experts Daniel Lacalle and John Meyer, either via youtube, twitter, facebook or by posting them on the comments section on the following link: https://community.ig.com/blogs/entry/271-igcommoditychat-base-metals/ Asian overnight: The arrest of a senior Huawei executive provided the spark for a fresh round of selling in Chinese equities, adding to a broadly grim session for Asian markets. Tech stocks in Hong Kong suffered heavily, with the overall index down 2.9%. Oil prices have begun to get the jitters ahead of the OPEC meeting today, with the decision expected at 5pm London time. ...the backstop which would keep the UK in a customs union with the EU, would “endure indefinitely” UK, US and Europe: A full text of advice written by the attorney-general Geoffrey Cox was published on Wednesday, a day after MPs found the government to be in contempt of parliament by not publishing the document, in which Mr Cox states that the backstop which would keep the UK in a customs union with the EU, would “endure indefinitely” until and alternative solution was applied to avoid a hard boarder. The general negative correlation between the sterling and the UK equity market is starting to diminish. In the past, we have seen that as the pounds weakens, the FTSE100 gains strength. This inverse relationship has faded and we are now coming to see a positive correlation between the sterling and the equities market. This is most likely due to the growing concerns that Britain will leave the EU with a “no deal”, which is seen to be catastrophic for the UK economy. The OPEC meeting is the main event, with a cut of 1.4 million barrels in daily output the baseline expectation. Anything less than this may result in fresh downward momentum in crude. Aside from this, the calendar is rather quiet although we do have the US trade balance later today. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 1.30pm – US trade balance (October): deficit to hold at $54 billion. Market to watch: USD crosses 3pm – Canada Ivey PMI (November): expected to fall to 60.8 from 61.8. Market to watch: CAD crosses Corporate News, Upgrades and Downgrades DS Smith said that first half revenue rose 16% to £3.07 billion, while adjusted operating profit was 32% higher at £304 million (both in constant currency terms). Ted Baker has appointed law firm Herbert Smith to look into allegations of inappropriate behaviour. The firm added that group sales were down 0.2% for the 16 weeks to 1 December. Hiscox and Spirax-Sarco will be joining the FTSE100 replacing Just Eat and Royal Mail. Changes will be effective from start of trading on Dec. 24. Faroe Petroleum raised to equal-weight at Barclays Genus upgraded to buy at Kepler Cheuvreux Takeaway raised to sector perform at RBC Capgemini downgraded to equal-weight at Barclays Klovern downgraded to reduce at Handelsbanken Petra Diamonds downgraded to hold at Panmure Gordon Sage downgraded to add at AlphaValue IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  14. DanielaIG

    Dividend adjustment

    Dear Linda, when trading on leverage, there should be no material impact to your position from dividend payments, therefore we will credit/debit your account with the amount incurred as either a profit or a loss from the dividend adjustment. Our dividend adjustments for the week ahead posts will inform you of what adjustments will be happening on each market during that week. You can find more information regarding dividend adjustments as well as an example on the following link: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/how-do-dividend-adjustments-affect-my-spread-betting-of-cfd-posi If you have any further questions do not hesitate to ask
  15. DanielaIG

    pro realtime

    Hi John, You can find some information on how to set up ProRealTime on the following link: https://www.ig.com/uk/help-and-support/charts/prorealtime-charts/how-do-i-launch-prorealtime As PRT is an external platform, you will need to download it and link it to you IG trading account. Please keep in mind there is a charge for using PRT, you can find more information about it here: https://www.ig.com/uk/help-and-support/charts/prorealtime-charts/how-does-the-prorealtime-fee-and-rebate-work
  16. Turning on FX swap bid/offer When trading currency pairs, if a position is held through 10pm, it will incur an overnight funding charge. This charge is based on the interest rate differential between the two currencies in the pair, where you receive interest in the currency you buy and pay interest on the currency you sell. Swap rates also apply to cryptocurrencies and spot gold, silver, platinum or palladium. Based on client feedback we have now added these overnight funding charges to the platform. Please keep in mind that they are indicative figures. These swap rates are viewed from a watchlist. Once you have an FX pair on the watchlist, by clicking on the three lines that are positioned on the left-hand corner next to the word 'market', a drop down of columns will appear. Click on the swap bid and swap offer buttons to activate them. What does this mean for me? If GBPUSD was quoted as 0.22 / -0.85 then the 0.22 would be what you receive if you are short, and the 0.85 would be what you pay if you are long. You then need to do the trade size times this value. For example a spread bet of £3/pt on the short trade would result in a credit to your account of 66p (which comes from 0.22 x £3). If you have a CFD account and you're holding a single $10 contract long, you would pay $8.50 per night (which comes from 1 contract x $10 x 0.85). Where does this figure come from? The figure is shown in points and depending on the currency you hold and the direction of your trade you can either earn or pay a premium, keeping in mind that there is an IG charge of 0.3% (0.8% for mini contracts and spread bets) included in the calculation. If you are long on a currency pair, you will need to focus on the swap offer, and if you are short you will focus on the swap bid. If the swap is a positive number, you will be credited, because the interest rate on the currency you are buying is higher than the interest rate on the currency you are selling. If the rate is a negative number you will be charged, because the interest rate on the currency you are buying is lower than the interest rate on the currency you are selling. If the interest rate on the euro is 0.25% and the interest rate on the USD is 2.75% and you buy EURUSD, you will be receiving 0.25% but paying 2.75%, and will be left with an interest rate differential of 2.5 points (excluding the IG change). Example: Let us take EURUSD as a worked example. We will need two figures for our calculation, the underlying market swap rate (known as the Tom/Next rate, which is provided by the banks), as well as the current spot rate of the currency pair at 10pm. The below figures are indicative for this calculation. An example of the underlying 'Tom/Next' rate for EURUSD: 0.34 / 0.39 An example of today's Spot FX rate for EURUSD at 10pm UK time: 1.0650 Once we have the Tom/Next rate, we take the 10pm EURUSD spot rate (in points) and multiply by IG's charge of 0.3% (or 0.8% for CFD mini or Spread Betting deal), which is then divided by 360 days to get an overnight value. = (10650 x 0.3%) / 360 = 31.95 / 360 = 0.08875 This is then applied to the underlying market quote of 0.34 / 0.39 Bid = 0.34 - 0.08875 = 0.25125 = 0.25 Offer = 0.39 + 0.08875 = 0.47875 = 0.48 This then gives us our overnight funding rate, inclusive of IG charge, of 0.25 / - 0.48. The '˜Offer' is negative, because currently there is a higher interest rate on USD than there is on EUR. Therefore, buying the pair would leave you paying a larger USD interest vs receiving a smaller EUR interest. E.g. If you were long one main lot, you would do 'Number of Contracts x Contract Size x Tom Next Rate'. Using the information above, if you were long one main lot, your 'Daily FX Interest' would be: 1 x $10 x - 0.48 = $4.80 charge per night. (Conversely if you were short, you would receive $2.50 per night). Important factors to note FX settlement of T+2 means that if you hold your trade through 10pm Wednesday (UK Time) then you'll need to incorporate the weekend into the calculation, and therefore you'll have an 'FX Interest Charge' of 3 days. This is because currency can't settle at the weekend, and the new spot rate would therefore fall on a Monday. It also follows that if you hold through 10pm on a Friday, you only receive a 1 day charge (even though you have to hold through three days before you can close the position). Settlement of FX can't take place on public holidays. Therefore, over periods such as Christmas or Easter, or public holidays such as Martin Luther King Day or Thanksgiving, you may see interest charges for a variable number of days. Some currencies trade on a T+1 basis, most notably USDCAD, USDTRY and USDRUB.
  17. On the back of client feedback and the success experienced on the IG apps, we have now added the deal position preview functionality to the web dealing platform. This feature is automatically enabled on the new dealing platform. To disable it, right click on the graph and select Position Preview from the “show” dropdown. What does this feature tell me? When filling in a deal ticket, new visual features will appear on the graph. When the direction (buy or sell) is selected, a shaded area will appear above (if buying) or below (if selling) the current price. This area will show the price the market needs to touch to profit from the transaction. The shaded area will not start from the price you executed the trade at, as the market needs to move in your favour by the size of the spread before you are at break-even. In the example the Buy price is 1239.39 The blue ‘profit level’ is displayed at the executed deal price +/- the spread It's important to remember the price level on the chart can either be the bid (buy), mid or ask (sell). For the 'profit level' to work properly will require you to have the correct price level displayed on the chart. You can select this by right clicking on the chart and selecting bid (if you're buying) or ask (if you're selling). Adding a stop If a stop is added, a new shaded area will appear in the opposite direction. This will give a visual representation of the range of movement your position has before the stop is triggered and your position is closed out. Adding a limit By adding a limit, a risk/reward ratio will appear. This will compare the expected return of the position with the amount of risk undertaken to capture such returns via the ‘Risk/reward ratio’. What is the risk/reward ratio? This ratio is used to assess the potential for profit relative to the potential for loss. Risk is determined by a stop loss, and reward is determined by the limit. If the risk/reward metric is 1:5, it means that a trader expects five units of expected return per every unit of additional risk, this gives a ratio of 0.2. If the ratio is greater than 1, then the risk is greater than the potential profit on the trade. It is important to keep in mind that, whilst a low risk/reward ratio of 0.2 is very attractive, you need to consider the odds that the profit target will be reached before your position is closed out if the stop is triggered.
  18. Hi ATC, In order to add indicators to an MT4 chart, you need to display the Navigator from the view tab. Once you have the navigator, you will be able to add an indicator from the list by right-clicking over the indicator and selecting the "attach to chart" button. If you want to add indicators to your Navigator, open MT4 and then go to ‘file’ and then ‘open data folder’. Choose ‘MQL4’, and then ‘indicators’. You can then copy the file you want to add into this location. Close and reopen MT4, and you should see the item in the navigator window. Regards, Daniela
  19. On the back of client feedback we now offer the possibility to customise the RSI levels on desktop and mobile devices. To do so, click on the RSI label once you have enable the indicator on your chart. This will open a dialog box that will allow you to change the levels (which are set at the default levels of 30/70), as well as customise the period and the colour of the lines. What is RSI? The Relative Strength Index is a momentum indicator that measures the magnitude of recent price changes to evaluate whether a stock is oversold or overbought. This indicator can oscillate between 0 and 100 and usually uses the level of 30 to indicate that a stock is oversold and the level of 70 to indicate that a stock is overbought. The RSI indicator uses the average percentage gains and losses of a specific period which is usually the last 14 days. When a candle closes after a positive move (a green candle stick) the RSI value will increase, whilst after a negative move (a red candle stick) it will fall as the number. The RSI value will be 0 if stocks fall on all 14 days and 100 if the price moves up on all the days. Like the price, the RSI creates highs and lows that can be connected to create resistance and support levels. In the same way as price action, these support and resistance levels can also be tested, broken and retested. How RSI is used as a forward-looking indicator These support and resistance levels can be broken on the RSI chart before they are broken on the price chart, which can create an opportunity to profit on a reversal before it takes place on the price. As with all indicators this is never a guarantee, however it does provide a qualitative supportive argument for possible price action. Let’s look at the Eurodollar 1-hour chart as an example of this resistance break: We can see that both the price and the RSI are testing a resistance level, but the breakthrough happens one candlestick before on the RSI chart than it does in the price chart. In this case, the RSI is a leading signal that offers possibility to enter the market at a more favourable price an hour before the actual price level breaks through the resistance level. Why would you adjust the RSI levels? For the RSI to be most effective, it has to be adjusted for the inherent volatility of a specific stock or market. In a very volatile environment the RSI is likely to hit the overbought and oversold levels with more frequency, weakening the reliability of the RSI as a leading indicator. When you widen the resistance and support levels you will probably have fewer trends, but they will possibly be better signals. As can be seen on the FTSE100 15-minute graphs below, the RSI tests the 30-support level various times, but it is not until it tests the 20-support level that the price trends actually reverses.
  20. Theresa May is coming under increasing pressure from MPs to stop the gridlock on Brexit negotiations. The pound is expected to see further volatility until at least mid-January as the unknown future of Brexit continues. The Dollar continued to trade at a 19-month high on Monday as concerns over slowing economic growth have reduced the appetite for riskier stocks and currencies and have backed the greenback as a safe-haven. The price of bitcoin has fallen below the cost to mine hitting a new low for the year of $3,126, loosing more than 80% since its ”tulip mania” phase at the end of last year. Without mining, bitcoin would cease to exist as it has no financial institution of Federal Reserve backing it up. The climate change talks held in Poland over the weekend have been said to end in success as the Paris accord of 2015 seems to have been reinforced. After China released lower than expected economic data on Friday, the Asian markets seem to be recovering as they enter the afternoon trading session, despite the Shanghai trading largely flat and the Shenzhen declining by 0.5%. The Nikkei 225 was up 0.8%, the Topix was up 0.3% and the ASX 200 was up almost 1%. Dow Jones futures indicate a slight recovery on the opening on Monday after all three major US indexes closed in correction territory on Friday. Asian overnight: A somewhat muted session overnight saw mixed fortunes within Asian, where the biggest outperformer came from the Australian ASX 200 index. The improved outlook for US-China relations helped drive mining firms higher yet in Australia, yet for the most part traders are somewhat cautious ahead of a critical week of central bank meetings. A quiet day ahead from an economic front sees a focus on elements such as the final eurozone CPI reading, alongside the US Empire state manufacturing survey. ...call for MPs to be allowed to vote on the future of Brexit UK, US and Europe: As the British PM Theresa May seems to stand with her denial to allow for a second referendum on Brexit, MPs are now calling for a free vote in Parliament to allow them to decide on how they believe the Brexit gridlock should end. International trade secretary Liam Fox was the first Brexiter to publicly call for MPs to be allowed to vote on the future of Brexit after talks with the EU at the end of last week did not go as planned for Theresa May when EU leaders refused to amend the withdrawal agreement. The PM is expected to update MPs today regarding the outcome of her EU meetings last week. A cabinet meeting is expected to be held on Tuesday and ministers are likely to step up contingency plans for a no-deal Brexit. Economic calendar - key events and forecast (times in GMT) Source: Daily FX Economic Calendar 1.30pm – US NY Empire state mfg index (December): expected to fall to 21.5 from 23.3. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades ASOS has issued a profit warning, saying that it had seen ‘significant deterioration’ in its trading in November, despite 14% sales growth in the September to November period. The firm has reduced its expectations as a result. SSE has abandoned the proposed merger of its retail energy business with Innogy’s npower unit. Other options including demerger or outright sale are being considered. Croda International has agreed to acquire Brenntag Biosector for €72 million. The firm serves the human and veterinary vaccine market. Moncler upgraded to overweight at Morgan Stanley Senvion upgraded to overweight at JPMorgan Dometic downgraded to hold at Kepler Cheuvreux Zealand Pharma downgraded to neutral at Goldman Salvatore Ferragamo downgraded to underweight at Morgan Stanley Worldline cut to underweight at Morgan Stanley IGTV featured video Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  21. DanielaIG

    Abbreviation "CR" meaning

    Hi Sudhanshu, CR means Controlled Risk. When a stock is listed as No CR it means that you are no able to place a guaranteed stop when opening a position. It is usually due to low liquidity, so we cannot guarantee our clients a specific price as it is too risky. I hope you find this useful. Regards
  22. This indicator emphasizes volume by weighing prices based on the amount of trading activity in a given period of time, where prices with heavy trading activity get more weight than prices with light trading activity. The VWMA has several advantages over a ‘simple’ WMA (which calculates an average of the closing price of ‘n’ number candlesticks giving the same weight to each one). With the volume weighted moving average (VWMA), the closing price of the day with the greatest volume gets a higher weight. On the IG charts you can turn on the VWMA on by right clicking on the chart itself and selecting ‘Volume Weighted Moving Average’ from the Indicator menu. Many traders use the VWMA and the simple WMA simultaneously. What does the VWMA tell us? As the VWMA is based around the volume, the gap between a ‘simple’ weighted moving average and a volume-weighted moving average shows the effect of volume weighting. This can be used to help with confirming trends or pointing out those trends that are weakening. If the VWMA stays below the WMA in a bullish market, it can be an indicator that the upward trend is lacking volume support and can signal a reversal in price. If the VWMA stays below the WMA in a bearish market, it can confirm a downward trend, signalling that a decline in price may continue. Graphic examples The green arrow indicates an area where the VWMA line has crossed from under the WMA, indicating that there could be a bullish trend coming in to play. When the price action is in an upward trend and it’s able to break through both averages then a bullish trend is thought to be confirmed. The red arrow indicates an area where the VWMA line crosses below the WMA line, indicating that a bearish trend could be forming. When the price in a downward trend and is able to break through both the averages then a bearish trend is thought to be confirmed. It’s important to keep in mind that when the VWMA is between the WMA and the price, there is a likelihood of the trend continuing in that direction. If the VMA line crosses over and positions itself between the VWMA and the price, it may be indicating a reversal is in place. These are only a few examples of how this indicator can be used. Feel free to leave your opinion and share your uses and examples for further discussion.
  23. DanielaIG

    New indicator: Ease of Movement

    What is the EOM indicator? An indicator that highlights the relationship between price and volume and is particularly useful when assessing the strength of a trend. As implied by its name, it is used to measure the ease of movement in price. It is a volume-based oscillator that fluctuates above and below the zero line. In general, when the oscillator is above zero, the price is advancing with relative ease. When the indicator is below zero, the prices are declining with relative ease. A wide range (difference between highs and lows) on low volume implies that price movement was relatively easy, as it did not take much volume to move prices. Alternatively, a small range and large volume indicates that price movement was difficult as there was a relatively small price movement on high volumes. Other important things to remember with EOM The closer the EMV line is to zero, the less ease of movement on that specific period. The bigger the spike in the EMV line, the more ease of price movement, either positive (if above the zero line) or negative (if below the zero line). The ease of movement indicator can also be used as an average, by adding together various single-period ease of movements and dividing them by the number of periods being considered. By smoothing out the indicator over time it can be used to identify trends and areas of convergence/divergence. A graphic example Let’s review the EOM indicator by using it in a real-life example which took place at the beginning of Dec ‘18. Using the Wall Street 30 min chart we can see a correlation between the EOM indicator and subsequent market movements at the opening of the session on Monday. Looking at the chart below you can see there is a positive spike in the EOM line which holds for a few periods before it starts declining. The cause for the spike is likely to have been the bullish (but cautious) reaction to a ceasefire between the US and China on trade tariffs. This could have meant that traders were holding Wall Street pushing the price higher, however maybe not as many people bought into the rally, therefore creating a big range on low volume. To summarise: After the initial positive reaction from the markets, traders could have become more sceptic about the viability of the ceasefire, and therefore a more bearish reaction comes in to play. This increases the range as lower lows appear maintaining the EOM at a high level. As more and more traders become sceptic, highs become lower, decreasing the range, which paired with a stable volume results in a declining EOM line. As you can see from the graph, the EOM line reacts before the actual price does, as a tightening range indicates that investors are becoming more bearish, which can eventually lead to a decline in price if it sustained over a period.
  24. DanielaIG

    Where to find overnight funding charges on FX pairs

    Hi Stevtheangle, Swap rates are only displayed on a watchlist as of now. It is very useful and simple to create a watchlist where you can track the products you are most interested in and can have added functionalities like these, which are not available on the standard product lists. Thank you everyone for the positive feedback, we are glad you find these functionalities useful.
  25. You can now add % Range to a watchlist on the web trading platform % Range is the difference between the high and low quotes of the session divided by the current mid price This can be used to show a relative volatility on the asset and its potential trade opportunity % Range has a number of advantages over % Change and Range in points How to add % Range A new function added to the web trading platform is % Range, a measure of volatility that will enable you to sort the markets in your watchlists by price range movement. To add this functionality to a watchlist, click on the three lines that are positioned on the top left-hand corner next to the word 'Market', where a drop down menu will appear. Click on the % Range buttons to activate it. What is % Range? This indicator is intended to indicate the price range a product has had during the trading session and is calculated in the following way: % Range= (High price – Low price) / Mid price By dividing the range (the difference between the high and the low prices) by the mid-price (the current market value of an asset) the value we get is a how much the range of the trading session is over the mid-price, as a percentage. The higher the figure, the higher the volatility during the trading session, and potentially a greater opportunity to take advantage of price movements. If the price has seen little movement, the highs and lows will be close together, meaning that the difference between the two will be small and will represent only a small percentage of the mid-price. If, on the contrary, the range for the trading session is very wide, the value will represent a higher percentage of the mid-price, therefore indicating that there has been higher volatility. Advantages of % Range over % Change and Range % Change tells you the current difference in price as a percentage over the closing price of the previous day. It is a good measure to understand where the current price stands in regard to where it closed in the previous session. However, if a certain asset experienced high volatility during the session but then came back to where it closed the previous day, it will not give any insight of the volatility it has experienced. Range is a good measure of volatility, but the amount of points between the high and low price can be more or less significant depending on the price of the product. For example, a 200 point range is not the same for a market priced at around 400 than to a market priced around 12000. % Range overcomes this as it factors in the price of an asset by brining it's mid-price into the equation. The lower the mid price, the more significant price movements will be.
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