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CharlotteIG

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CharlotteIG last won the day on January 1 2022

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  1. Hey, You can check the expiries of these contracts in the info section. Make sure you have the relevant daily/ futures contract selected: Hope this helps
  2. Hey all, Please note: Spread betting and ISA accounts are exclusive to UK clients. Our non-leveraged products, such as Share dealing, are location dependent so check the website relevant to your location to see if it's something we offer. Best, CharlotteIG
  3. Hey @pravid17 I hope you're well. In the leveraged trading industry there are brokers who don't hedge client's exposure and brokers (like ourselves) who do hedge client's exposure. In a perfect world the exposure of short clients would net off the trades of long clients however this is not always the case. Our hedging model allows us to take an exposure in the underlying market for the remaining exposure which doesn't offset - This way we don't need to hedge every trade, worry about profits of our clients and results in lower costs for hedging in the underlying market (commissions, interest etc.). So say 60% of IG customer exposure in the ASX was long and 40% of exposure on the ASX was short. The 40% would net each other off but there's a remaining 20% of customers who need to be hedged to cover their positions. We go into the market and hedge this. We make our money primarily through our spreads and overnight funding with other fees making up a small proportion of our revenue. I would like to remind also that IG is regulated by several bodies globally, including top-tier regulators like the UK's FCA, Germany's BaFIN, Australia's ASIC - This should be quite reassuring from a dealing execution and transparency perspective. I hope this helps, let me know if you have any other question
  4. UK markets open in 4 minutes. News out this morning worth checking before market open: Consumer Price Index (YoY)(Jul) Prev: 9.4% Est: 9.8% Act: 10.1% PPI Core Output (YoY) n.s.a (Jul) Prev: 14.9% Est: 15.9% Act: 14.6% Retail Price Index (YoY)(Jul) Prev: 11.8% Est: 12% Act: 12.3% https://www.ig.com/uk/ig-economic-calendar
  5. Markets open in minutes. News out this morning worth checking before market open: Consumer Price Index (YoY)(Jul) Prev: 9.4% Est: 9.8% Act: 10.1%
  6. US consumer price index MoM prev 1.3 Est 0.2 act 0 US consumer price index YoY prev 9.1 Est 8.7 act 8.5 US CPI index Food and energy MoM prev 0.7 Est 0.5 act 0.3 US CPI index Food and energy YoY prev 5.9 Est 6.1 act 5.9 all prev, est and actual are a %
  7. Update: All cpi announcements below estimate
  8. US Consumer price index YoY and MoM coming out at 13:30 UK time. Something to keep an eye on. US CPI index Food and Energy MoM and YoY coming out at 13:30 UK time too. The US fed reserve have been taking measures to tame inflation but these results may impact markets so keep your eye out/ be aware. I will post results of both when they come out. Let me know if you currently have any positions in any markets you think will be effected/ if you're looking to trade off the back of the result release
  9. Rolls-Royce shares (LON: RR) sunk by 10% to 83p on Friday after half-year results spooked investors over long-running problems with supply chain issues and inflation. The FTSE 100 engineer has struggled to gain traction after the pandemic crash in 2020 saw its shares collapse from 236p in February 2020 to just 39p by October 2020. And after recovering to 147p by November last year, the Ukraine war combined with tightening monetary policy has seen it surf below penny stock status since early April. Rolls-Royce share price: half-year results Despite positive momentum on its various R&D projects, earnings made for relatively bleak reading. Positively, the FTSE 100 operator generated revenue of £5.3 billion, a slight increase on H1 2021. However, it also made an underlying loss before tax of £111 million, primarily because of higher costs squeezing gross margin, which fell to 17.7% from 21% in the same period last year. In the words of CEO Warren East, Rolls is suffering from ‘post-covid indigestion.’ By division, the picture is slightly more complicated. Its most important, civil aerospace, saw underlying revenue increase by 8% to £2.34 billion. The division makes money by manufacturing and servicing civil plane engines. While large engine flying hours remained at 60% of 2019 levels, they are currently up to 65%, and Rolls expects this key metric to rise to 70% by year-end and return to pre-pandemic levels around 2024. Despite the ‘theoretical risk’ posed by the expected recession, East thinks this only ‘might affect exactly which month in 2024-25 we get back to 100%.’ Results elsewhere were mixed. The power systems division saw revenue grow by an impressive 20% to £1.37 billion. Further, order intake was £2.1 billion, up 53% compared to the prior half after enjoying record quarterly orders in Q2. Conversely, its defence division saw revenue fall by 9% to £1.61 billion, partly because of lower spare engine sales and delays in deal sign-offs. This performance will be especially disappointing for investors hoping for a ‘Ukraine boost’ to the bottom line. Source: Bloomberg Where next for Rolls-Royce shares? This is a complex question. Incoming CEO Tufan Erginbilic will soon be stamping his mark on the FTSE 100 stock. The reception to his appointment has been somewhat mixed; some view his accomplishments at BP as evidence of a much-needed firm hand on the tiller. Others question his lack of connections with Whitehall, an important consideration given Rolls’ political importance. The company has previously enjoyed the strong support of Business Secretary Kwasi Kwarteng, a potential candidate for Chancellor when a new cabinet is formed later this year. In the short term, Rolls-Royce is trading in line with expectations. Despite the airport chaos, it is still expecting the all-important civil aerospace division to continue to show improvement through 2022. However, supply chain issues remain a concern. It’s being affected by delays in semiconductor deliveries, which could worsen if geopolitical problems surrounding Taiwan deteriorate. It’s also struggling to find alternatives to Russian titanium. And with CPI inflation expected to exceed 13% year-end, combined with union-backed demands for significant pay rises, Rolls’ already slipping margins will present a key conundrum for its new CEO. Fortunately, Erginbilic has a track record of cost-cutting while improving performance. This will become increasingly important as interest rates rise. Rolls’ net debt stands at over £5 billion and is only going to become more expensive to service as fiscal policy tightens. Longer term, Rolls-Royce’s stuck-in-the-mud share price must be starting to frustrate investors. Its project to deliver small nuclear reactors appears to be moving at a snail’s pace. The FTSE 100 company now has a shortlist of six potential sites, but take-off will need to wait until a new PM is declared. And this ‘new markets’ division is seeing operating costs escalate, in this half to £48 million despite delivering negligible revenue. But there are visible tailwinds. The company recently announced a deal with Qantas to supply 12 Trent XWB-97 engines to power 12 A350s, capable of powering non-stop flights between the UK and Australia. Moreover, it’s developed a world-record beating electric plane, and power gearbox, which could both create significant new revenue streams. The challenge is to turn these disparate successes into concrete share price action, which sees Rolls Royce shares break out of their rut. Charles Archer | Financial Writer, London |
  10. Thanks for your query. Withdrawals like these sometimes require verification depending on how long you've been with us and how long you've traded with us which is why we can't be too specific with the reason. We apologise that there have been some issues with your withdrawals. Reaching out to the helpdesk is always the best way to get these issues resolved however if you feel they're not responding in sufficient time I would advise calling us, if you have time. Someone can take ownership of your case and get everything resolved and explained straight away. Sorry we can't help more with these queries on the community. We can't be account specific and there are multiple reasons for these sorts or rejections. All the best Charlotte
  11. Hey @marviin9, Apologies that we missed this. When you place an order to open at a less favorable price this is called a stop order. Because you placed the order to buy above the current price this means you've instructed us to buy at that 23.7 or higher. If the market opens and slips up we will fill you at the next available price. Had the order have been below the closing market price this would be seen as a limit order and we would have only executed the order when the order price was hit or the market slipped lower than the market price. Buy Limit order- When you open a long order at a lower level than the closing/ current market price. We will only open your position when the market goes down to the order level you selected or lower. Buy Stop order - When you open a short order higher level than the closing/ current market price. We will only open your position when the market goes up to the order level you selected or higher. Sell Limit orders - When you open a short order at a higher level than the closing/ current market price. We will only open your position when the market goes up to the order level you selected or higher. Sell Stop orders - When you open a short order at a lower level than the closing/ current market price. We will only open your position when the market goes up to the order level you selected or higher. If you don't want to be subject to negative slippage with orders to open it may be best to only use limit orders. I hope this helps.
  12. Hey @BenGeeMan, I hope you're well and apologies for the delay getting back to you. Thank you for being respectful and asking before posting. Unfortunately this isn't something that can be posted in the community. You're more than welcome to start a forum and turn notifications on so you can get live updates if that's useful? Sorry for any inconvenience this may cause. Charlotte
  13. Trading hours over the US Thanksgiving period There’ll be some changes to our normal opening hours over the US Thanksgiving period. Check the table below to find out how they could impact your trading. Note that all times listed below are UK time. These hours are accurate to the best of our knowledge, but it’s possible that they could change.
  14. ISM Manufacturing Employment Index(Oct) Previous: 50.2 Estimate: 49.6 Actual: 52 USD ISM Manufacturing PMI(Oct) Previous: 61.1 Estimate: 60.5 Actual: 60.8
  15. USD Markit Manufacturing PMI(Oct) Previous: 59.2 Estimate: 59.2 Actual: 58.4 Down from estimate. More US news being released in 13 minutes
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