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CharlotteIG

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  1. CharlotteIG
    We're offering weekly equity options on the platform for some stocks over earning season. Meaning you don't have to call us if you want to trade certain equity options. This week it's Netflix. We're also offering Tesla but that will stay on the platform going forward whereas the weekly options will change depending on which week of earnings season we're in. 
     
    What is an Equity option?
    Equity options are a form of derivative used exclusively to trade shares as the underlying asset.
    In essence, equity options work in an extremely similar way to other options, such as forex or commodities. They offer the trader the right, but not the obligation, to purchase (or sell) a set amount of shares at a certain level (referred to as the ‘strike price’) before it expires. To buy an option, traders will pay a premium.
    When are these available to trade?
    These equity options will be available in the main session (14:30 - 21:00 UK time). 
    Where to find them?
    You can find them under 'Weekly US Equity options' on the left list on your web platform. 

     
    Earning season information for this month: 

  2. CharlotteIG
    We're offering weekly equity options on the platform for some stocks over earning season. Meaning you don't have to call us if you want to trade certain equity options. This week it's Twitter Inc. We're also offering Tesla but that will stay on the platform going forward whereas the weekly options will change depending on which week of earnings season we're in. 
     
    What is an Equity option?
    Equity options are a form of derivative used exclusively to trade shares as the underlying asset.
    In essence, equity options work in an extremely similar way to other options, such as forex or commodities. They offer the trader the right, but not the obligation, to purchase (or sell) a set amount of shares at a certain level (referred to as the ‘strike price’) before it expires. To buy an option, traders will pay a premium.
    When are these available to trade?
    These equity options will be available in the main session (14:30 - 21:00 UK time). 
    Where to find them?
    You can find them under 'Weekly US Equity options' on the left list on your web platform. 

     
    Earning season information for this month: 

  3. CharlotteIG
    We're offering weekly equity options on the platform for some stocks over earning season. Meaning you don't have to call us if you want to trade certain equity options. This week it's Zoom Video Communications Inc. We're also offering Tesla but that will stay on the platform going forward whereas the weekly options will change depending on which week of earnings season we're in. 
     
    What is an Equity option?
    Equity options are a form of derivative used exclusively to trade shares as the underlying asset.
    In essence, equity options work in an extremely similar way to other options, such as forex or commodities. They offer the trader the right, but not the obligation, to purchase (or sell) a set amount of shares at a certain level (referred to as the ‘strike price’) before it expires. To buy an option, traders will pay a premium.
    When are these available to trade?
    These equity options will be available in the main session (14:30 - 21:00 UK time). 
    Where to find them?
    You can find them under 'Weekly US Equity options' on the left list on your web platform. 

     
  4. CharlotteIG
    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.


  5. CharlotteIG
    UK and European clocks go back one hour when Daylight Saving Time (DST) ends on Sunday 25th October. From this date until Sunday 1st November, the end of US DST, there will be a number of changes to our opening hours:
     
    •                 US and Canadian markets will open one hour earlier in UK time. For example, US and Canadian shares will be quoted between 1.30pm and 8pm
    •                 Leveraged trading on US shares (all sessions) will run from 8am to midnight Monday to Thursday, and from 8am to 9pm on Friday 30th October
    •                 Share dealing (non -leveraged) on US shares (all sessions) will run from 11am to 9pm Monday to Thursday, and from 11am to 9pm on Friday 30th October
    •                 All forex markets will open at 9pm on Sunday 27th October and close at 9pm on Friday 30th October
    •                 24-hour dealing on indices will open at 10pm on Sunday 27 October and close at 9pm on Friday 30th October
    •                 Expiring US markets will settle an hour earlier than usual
    •                 New York Cocoa, Sugar and Coffee, and London Sugar all close an hour earlier than normal
    •                 Weekend trading will open at the same time (8am Saturday), but will close one hour earlier (FX 8.40pm, Indices 9.40pm) on Sunday.
     
     
    All markets will close at 9pm on Friday 30th October (one hour earlier than the normal 10pm close).
    Overnight funding (tomnext) adjustments for FX pairs will apply to positions held through 9pm.
    From Sunday 1st November, the above will revert to their usual hours.
     
    Please also bear the following in mind:
    Asian markets, which do not observe DST, will operate one hour earlier in UK time. For example:
    HKEX shares will close at 8am,
    SGX shares will close at 9am.
     
    In-hours trading on Eurex futures (including the Germany 30) will be available one hour earlier at 12:10pm
     
    Digital 100s - Please pay particular attention to the expiry times of US and Asian digital 100s, as the proximity to expiry has a large bearing on the price quoted. You can check these in-platform via the 'information' section in the deal ticket.
  6. CharlotteIG
    During the UK bank holiday weekend and over Labor Day weekend in the US and Canada, we’ll be making some changes to our usual opening hours. These adjustments will take place on Monday 31 August (UK bank holiday), Monday 7 and Tuesday 8 September (US and Canada Labor Day weekend), after which we’ll go back to normal trading hours.
    Monday 31 August
    UK equities, index futures, soft commodities and interest rates will be closed

    We’ll be making an out-of-hours price on the FTSE 100 until futures re-open at 1am on Tuesday

    Brent Crude and London Gas Oil will be open as normal

    New York Cocoa, Coffee and Sugar contracts will open at 12.30pm
    Monday 7 September
    US index futures close early at 6pm. We’ll make out-of-hours prices on Wall Street, US 500, Russell 2000, US Fang Index and US Tech until they re-open at 11pm

    US and Canadian equities, and soft commodities, will be closed

    The VIX will close early at 4.30pm

    London Sugar closes early at 5pm

    US rates, Euribor and the Dollar Index close early at 6pm

    US metals and energies, including Nymex Crude, Gold and Silver close early at 6pm

    Brent Crude and London Gas Oil close early at 6.30pm
    Tuesday 8 September
    US grain futures open at 1am

    Lumber futures open at 3pm, livestock at 2.30pm

    All other markets open as normal
    All times listed here are UK time. This information is accurate to the best of our knowledge, but it is possible that these hours could change.
  7. CharlotteIG
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 14th June 2021. 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.

     
    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account.
                                                                                               
    Special Dividends
            Index
    Bloomberg Code
    Effective Date
    Summary
    Dividend Amount
    CAC
    ORA FP
    15/06/2021
    Special Div
    20
     
                                                  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 full non-independent research disclaimer and quarterly summary.
  8. CharlotteIG
    US Independence Day opening hours 2020

    There will be some changes to our normal opening hours over the US Independence Day period – between Wednesday 1 and Monday 6 July. Check the table below, and find out how the changes could impact your trading.
    Wednesday 1 July
    Canadian shares closed

    The Cannabis Index closed
    Thursday 2 July
    Lumber closes early at 6.05pm

    CBOT Grains close early at 6.05pm

    Livestock futures close early at 6.15pm
    Friday 3 July
    US equities and soft commodities closed

    US index futures close early at 6pm. We’ll make out-of-hours prices on Wall St, US 500, US Russell 2000 and US Tech 100 between 6pm and 9pm. 24 Hour indices close at 9pm

    US interest rates and the dollar index close early at 6pm

    The VIX closes early at 4.30pm

    US Crude, Gold and Silver close early at 6pm. Brent Crude and London Gas Oil close early at 6.30pm

    London Sugar closes at 5pm
    Monday 6 July
    Livestock futures opens at 2.30pm

    Lumber opens at 3pm

    The hours listed here are all in UK time. This information is accurate to the best of our knowledge, but it’s possible that these hours could change. We’ll return to normal trading hours after this period.
     
  9. CharlotteIG
    US jobs report preview: will markets look beyond slowing NFP trend?
    Friday’s US jobs report looks unlikely to derail the vaccine-led optimism that has dominated the past month.
    The November US jobs report due out on Friday provides traders with a fresh opportunity to gauge the direction of travel as the country continues to suffer at the hands of the coronavirus.
    With the month seeing widespread optimism over the impending vaccines from Pfizer, Moderna, and AstraZeneca, we have seen havens such as the dollar come under pressure. However, this impending jobs report should provide a gauge on whether markets should continue to focus on the future growth prospects or worry about the current economic weakness at the hands of the coronavirus. That jobs report will be released at 1.30pm on Friday 4 December.
    Tune in to IGTV live announcement and analysis this Friday at 13:25 UK time on the IG platform.
    Will improved ADP helps lift sentiment
    Markets are evidently preparing for a six-month period that will likely focus on the gradual recovery spurred on by an increasing rate of vaccination in the US. With that positive outlook for the future, the question this week is whether we should be worried about current economic weakness or not.
    The November ADP payrolls release seen on Wednesday highlighted an ongoing slowdown in the economic recovery, with a disappointing figure of 307,000 coming in well short of both expectations (433,000) and the October figure (404,000). Particular weakness came from the large businesses (over 500 employees), which halves its monthly hiring rate compared with October. While the ADP release is not the greatest gauge of how things will look on Friday, it does signal a unwelcome trajectory which has been in play over recent months.
    Friday's payrolls figure is expected to highlight that same downward trajectory, with forecasts pointing towards a figure of 500,000. That would represent the slowest growth in jobs since the pandemic recovery started in May. However, thinking from a trading perspective, the lack of any major reaction to Wednesday's poor ADP figure does highlight that short-term weakness is being largely ignored in anticipation of a vaccine-led recovery in 2021. With that in mind, it feels like the market reaction to a reading above forecasts would be more significant than a weaker non-farm payrolls (NFP) figure.
    Looking elsewhere within the report, unemployment is expected to continue its downward trajectory with a reading of 6.8% (from 6.9%). This highlights the fact that whilst the payrolls growth may be slowing, things are still moving in the right direction.
    Dollar index technical analysis
    The dollar has been under pressure over the past month, with the dollar index hitting the lowest level since April 2018. That trend remains key here, with a break up through the 0.9143 required to bring about a more bullish intraday picture. A better-than-expected jobs report would likely extend this dollar weakness, with haven demand drying up in the face of an expected economic rebound next year.

    S&P 500 technical analysis
    The S&P 500 has similarly been reacting to the recent upgrade in sentiment thanks to a wealth of vaccine announcements last month.
    While the price has been struggle to overcome the 3674 resistance level, it is likely we will soon break through to create a fresh record high. That outlook comes given the bullish entry into the current ascending triangle formation. With that in mind, further gains seem likely unless the price breaks back below the 3594 swing low.

    Joshua Mahony | Senior Market Analyst
  10. CharlotteIG
    US jobs report preview: will NFP follow ADP rise?
    The September US jobs report released on Friday provides traders with a fresh opportunity to scrutinise the economic recovery after months of improvements that have followed the first quarter (Q1) economic collapse.
    Coming at a time when we have seen a resurgence for the dollar, the jobs report will be released at 1.30pm on Friday 2 October.
    Tune in to IGTV live announcement and analysis this Friday at 1.25pm UK time on the IG platform.
    Will improved ADP helps lift sentiment
    The September Automatic Data Processing (ADP) payrolls figure released today has seen another month of improvement, with a figure of 749,000 representing the highest amount of job creation in three months.
    That rise can be specifically attributed to small and medium sized businesses, with hiring at large firms remaining largely steady. Unfortunately, markets are expecting the headline non-farm payrolls figure to move in the opposite direction, with a reading around 900,000 expected after last months 1.37 million figure seen last month.
    With the monthly jobs created moving lower, there is a fear that we could soon see that path of economic improvement take a negative turn. As things stand, that steady improvement seen over recent months remains on track, with the four-month decline in continuing claims pointing towards further reductions in the unemployment rate.
    Market forecasts point towards a reduction in the headline unemployment rate from 8.4% to 8.2%. However, one potential warning sign looks like it could come from the U6 unemployment rate, which also includes both workers who are no longer looking for employment, and part-time workers looking for a full-time job. With more comprehensive measure expected to rise to 15.4% from 14.2%, this month could see the first cracks appear in the recovery.
    Dollar index technical analysis
    Looking at the dollar index, we have seen the greenback drift lower following a bullish breakout last week. The wider downtrend remains intact, yet we have seen a clear bottoming out over the course of August and September.
    The rise through 93.64 brought about a bullish signal, with the weakness we have seen since Friday's peak providing a potential buying opportunity. As such, further upside looks likely before long, with a drop below 92.75 negating that bullish outlook. Until then, a bullish turn looks like for the dollar.

    Source: ProRealTime
    By Joshua Mahony
    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 full non-independent research disclaimer and quarterly summary.
  11. CharlotteIG
    Friday’s US jobs report could bring a bearish reversal for the dollar despite the ongoing bid to claw back jobs lost in March and April.
    The August US jobs report released on Friday provides traders with another opportunity to take a close look at the ongoing economic recovery following the economic collapse that took hold in the first half (H1) of 2020. Capping off the week, the jobs report will be released at 1.30pm (UK time) on Friday 4 September.
    ADP weakness could spell trouble for headline NFP number
    The US jobs outlook has been showing signs of gradual improvements over the course of the past few months, with the height of the crisis seemingly having occurred in April. However, we are reaching a period where that recovery appears to be slowing somewhat, with the payrolls figure decreasing over the past two months. The automatic data processing (ADP) payrolls figure highlights the potential for further disappointment on Friday, with another underwhelming figure this week (428K) highlighting the lack of follow through on this recovery.
    Looking at the jobless claims data, we have seen the initial filings decline once again, following a tentative push higher in mid-August. However, while we are moving in the right direction once again, this is a sign we are seeing some bumps in the road as the US economy attempts to recover from the 22.2 million jobs lost in March and April. So far less than half of those losses (42%) have been regained.
    Markets are expecting to see a decrease in the number of jobs created, with a figure of 1.49 million well below the 1.76 million seen in July. However, it is worthwhile noting that the rate of improvement was always likely to slow after initial gains made as the economy first turned a corner. Nevertheless, the economic picture is still improving, as highlighted by the unemployment rate which is expected to break below the 10% threshold for the first time since April. Despite last months decline, it is important to follow the participation rate, with a recovery in that rate telling a story of how people are feeling confident enough to return to the workplace. Finally, with average hourly earnings expected to fall from 4.8% to 4.6%, we are seeing a signal that those lower paid jobs (often in the services sector) are returning after the initial lockdown shock.
    Dollar index technical analysis
    Looking at the dollar index, we have seen huge declines for the greenback over the course of this crisis. The past month has seen a more balanced market, although we have maintained the bearish theme. With the price on the rise over the course of September thus far, there is a chance we could see another move lower given the confluence of trendline and 76.4% Fibonacci resistance up ahead. With that in mind, it will be worth watching for a sign of a bearish reversal from here, with a break through 93.50 ultimately required to bring about a fresh bullish outlook.

     
    By Joshua Mahony
  12. CharlotteIG
    US presidential election: what does it mean for markets?
    United States presidential election United States Donald Trump Joe Biden Brexit 2016 United Kingdom European Union membership referendum
    Election a key moment for markets
    The US presidential election is one of the most closely watched events in the calendar. Although it only occurs every four years, most of the preceding year is taken up with choosing candidates and deciding policy platforms, while the immediate aftermath is always a period of interest as pundits speculate about what the new (or not so new) occupant of the most important office in the world will do.
    This time around, the election takes place in a febrile atmosphere. US politics were already sharply divided at the beginning of 2020, as US President Donald Trump’s ‘Keep America Great’ approach contrasted with Joe Biden’s more conventional policy platform, as the former vice president campaigned in a vein similar to that of his predecessors. But the Covid-19 pandemic provided another, entirely unexpected, element to contend with.
    Global pandemic transforms the race
    The economic shock and market dislocation prompted by the pandemic upended expectations for the election. Donald Trump’s most powerful card, the economy, suddenly suffered a severe blow, and only quick Federal Reserve (Fed) and government fiscal stimulus helped to stave off disaster. While a recovery is arguably under way, there is still a long way to go, and more government support will be needed. Whoever wins the election will need to embark on more support programmes for workers and affected industries, in a bid to steer the US economy through to a safe harbour when a vaccine is introduced.
    From a relatively tight race earlier in the year, Joe Biden has managed to establish a noticeable lead over the incumbent, Donald Trump. Despite some recovery in his polling, Mr Trump continues to trail his opponent, with a bigger mountain to climb in terms of winning sufficient votes in the Electoral College. It is still not certain who will win, but Mr Biden appears to be doing better in key battleground states compared to Hilary Clinton in 2016.
    Will this be a re-run of 2016?
    The last presidential election was one of the most surprising in recent memory. Coming in a year that saw an oil price slump and then the Brexit referendum, the victory of Donald Trump over a Democrat opponent that had seemed a dead cert to win came as a shock to global markets.
    On the night of the result, markets saw substantial volatility, with Dow futures and the dollar index both dropping sharply in the wake of the news that Donald Trump was victorious. Markets and investors had been caught napping by the result, in a similar way to the Brexit referendum. But contrary to expectations, the election of Mr Trump did not provoke a new bear market in stocks. Indeed, the reverse was true. Investors piled back into US equities, sending them to record highs, a fact trumpeted at repeated intervals by the administration.
    This time around, investors are more prepared, at least psychologically, for volatility. Arguably, Mr Biden would represent a return to the Obama years, with a greater focus on social welfare and potentially higher taxes, in order to help pay for the recovery programmes that are badly needed. In this sense he may be considered the ‘main street’ candidate. Conversely, Mr Trump is still seen as the business choice, representing reduced regulation and tax cuts designed to spur the US economy forward.
    International outlook key
    A Biden win would likely see a more conciliatory approach towards America’s foreign partners and opponents. Mr Trump was keen to use American economic leverage to extract concessions from trading partners, regardless of how close these were to the US in strategic terms. Of course, there was the trade war with China, which rumbles on despite expectations of a deal, and a second Trump term would likely see the president push forward with a more combative approach with regard to trading partners like China, the European Union (EU), Canada and Mexico.
    By contrast, Mr Biden would likely seek accommodation, aiming to rebuild relationships in order to provide a more congenial outlook for a global economic recovery. Businesses and markets may ultimately prefer a Democratic administration that repairs the global free trade outlook and thus provides a boost for the US economy.
    What about Brexit?
    As the UK looks to exit its Brexit transition period at the end of the year, the occupant of 1600 Pennsylvania Avenue will be key. Trump is a fan of Brexit, a fact exploited by Boris Johnson and in some ways bemoaned by Theresa May. Meanwhile, Joe Biden has already signalled that the UK must look to preserve peace in Northern Ireland as a prerequisite for any US deal.
    While London might hope in some ways for a Trump win, the current president is not shy about strong-arming allies into deals favourable to the US. A trade deal could be more likely under a Republican administration, but if the Democrats do well in Congress a deal may struggle to make much headway.
    Market impact
    US elections always produce much heat, but little light, around the key question of ‘what markets will do’. In a sense, the person who occupies the Oval Office probably only has a marginal impact on overall market direction, a fact that the current incumbent would probably disagree with in his usual vehement fashion. We can be certain about one thing – a Republican win would mean more market tweets, while Mr Biden might be tempted to take a calmer course, keeping his views to himself.
    Much was made of the ‘Trump bounce’ in stocks following the election. Perhaps it contained a grain of truth. But overall what we saw was a US rally built on strong fundamentals, and inflows into key sectors that had been unpopular for the months preceding the election. Compared to a UK besieged by Brexit and a eurozone with sluggish growth, the US economy was going strongly, and investors could not resist the prospect of higher returns from this economy.
    This time around, perhaps, the picture is less clear. The US has, in some ways, fumbled its response to Covid-19, and the impending vote has essentially torpedoed any chance of a big new fiscal response to support the economy. But the UK, Europe and Asia are also suffering. The US has the potential to grow, and do so strongly, supported by an activist Fed and by the prospect of government stimulus regardless of who wins the election.
    Be prepared
    I round off with my usual comment – whatever happens, investors and traders need to be prepared. Have a plan in place, using stop losses and defined risk levels. If the lead up to the election, or the night itself, or the weeks afterwards, are volatile, then remember to either widen out stops and reduce position sizes, or step aside entirely to allow things to settle down.
    2020 has been a rollercoaster ride already. The prospect of a tightly contested election, one that may lead to an uncertain result that is fought out in the courts in a manner reminiscent of, but worse than, 2000, may make markets more volatile for longer. Make sure you have a plan, and that you follow it. This is going to be an exciting time, but a volatile one.
    We also have a Podcast with our own Jeremy Naylor along with Michael Gayed, The Lead-Lag Report, and Jonathan Wood, Control Risks. Listen to the podcast my clicking here.
    How to trade the US Presidential election
     Chris Beauchamp | Chief Market Analyst 
    Photo by Bloomberg. 
  13. CharlotteIG

    VIX Options

    By CharlotteIG,

    We've released options for the Volatility Index. You can find them on our platform under the options tab> Indices.
    Options, when buying the call/ put, are a great way to get involved in market movement whilst having limited risk. 
    Dealing hours : 09:00:00 – 21:15:00 GMT Monday-Friday
    Contracts offered : Currently offer the next two months (November and December) 
    Expiry for monthly options : Every 3rd Wednesday of the month
    Last trade : 21:15 GMT the day before expiry
    Settlement : Settled basis the Special Opening Quotation (SOQ) of VIX calculated by the opening prices of the SPX constituents used to calculate the VIX index on settlement date

     
    If you need any clarification on how options work, contact me through the community or give our help desk a call. 
  14. CharlotteIG
    Volatility reminder and extended weekend closure
    Due to ongoing volatility, there is significant risk that markets may gap when they re-open on Sunday night. Please ensure that you’re comfortable with the size of your positions heading into the weekend, and also be aware that we may see circuit-breakers applied over the coming days – see below. 
    We urge you to do the following:  
    •   Monitor your positions closely at all times  
    •  Ensure you are comfortable with the size of your positions, and the effect that any market gap may have on them 
    •   Ensure you have sufficient funds on your account to cover your positions in the event of a significant market move  
     
    You can also use our weekend markets to hedge against risk on your weekday positions. 
    Please note, however, that there will be a delayed open on our cryptocurrency and weekend markets on Saturday 14 March, to allow for scheduled maintenance which should improve platform stability. These markets are planned to reopen at 8am (UK time), rather than the normal 4am. We’re sorry if this causes you any inconvenience.  
    Circuit-breakers may affect your trades 
    At times of high volatility, regulated central exchanges may suspend trading on one side of the underlying market (an event known as a circuit-breaker). This happened to the Dow Jones Industrial Average this week, for example. IG follows suit whenever a circuit-breaker occurs. 
     Circuit-breakers aim to restrict trading in order to avert market crashes or spikes. The restrictions are called ‘up limits’ or ‘down limits’, depending on the direction that the market has moved. As trading is suspended in the underlying market, it will impact how you trade with us.  
    •   An up limit is the maximum amount that the price of a stock index or commodity futures contract will be allowed to increase in a single trading session. If hit, it means that buying will be suspended in the underlying market.  
    •  A down limit is the opposite to an up limit – it sets the maximum amount that the price of a stock index or commodity futures contract will be allowed to decrease in a single trading session. If breached, it means that selling will be suspended in the underlying market.  
    If you want more information on up limit and down limit you can find that here: https://www.ig.com/uk/glossary-trading-terms/limit-up--limit-down-definition
     
    At IG, when a down limit has occurred, you will only be able to buy – whether to open or close a position – through phone dealing. However, please be aware that the price may be significantly lower when the market re-opens.  
  15. CharlotteIG

    We’re adding more extended-hours stocks

    By CharlotteIG,


    Product updates
    We’re pleased to announce that from 3pm (UK time) on 4 January 2021, we’ll add the following stocks to our All Session US shares offering:
    NIO Inc - ADR Peloton Interactive Inc Zoom Video Communications Inc Beyond Meat Inc Airbnb Inc You’ll be able to trade CFDs and spread bet on these stocks from 9am – 1am Monday to Thursday, and from 9am – 10pm on Fridays (all UK times).

    For share dealing, we’ll quote these stocks from 12pm – 10.30pm Monday to Thursday and from 12pm – 10pm on Fridays (all UK times).
    Will my positions be affected?
    If you trade CFDs and/or spread bet with us, normal margin requirements will apply during these extended hours. Stops, limits and orders to open can be triggered during these times so please ensure that you have sufficient funds in your account to cover any open positions on these markets.
  16. CharlotteIG
    Chris Beauchamp’s insight
    US earnings season is upon us once again, with the banks taking their traditional place at the forefront of the procession. This will help to provide a different narrative to the ‘stimulus on/off’ discussion of the past week or more.
    As the UK heads back towards tighter restrictions, JD Wetherspoon’s full-year numbers will provide plenty of interest in how the pub operator views the outlook for its next 12 months. Key economic data include monthly UK employment figures, US and Chinese CPI and the German ZEW reading.
     


    Find this information every week here: https://www.ig.com/uk/week-ahead-ig?CHID=3&QPID=11253&tid=e2d0ba8fd7cf9373edd97d74e42ce104

  17. CharlotteIG

    Weekend margin

    By CharlotteIG,

    Changes to margin this weekend 
    We will be increasing a range of minimum  margin rates on new positions only going into the weekend, as per the below. No impact for retails traders or markets where minimums are already higher and no changes to any existing positions.
    Indices to 5% at 16:00 GMT FX/Gold to 3% at 16:00 GMT Oil (energies) to 15% at 16:00 GMT We will revert to lower margins rates on Sunday with minimum rates of 1% Indices/FX and 5% Oil. Once again these changes will be dependent on market conditions over the weekend.
    As mentioned in our last volatility reminder 
    Due to ongoing volatility, there is significant risk that markets may gap when they re-open on Sunday night. Please ensure that you’re comfortable with the size of your positions heading into the weekend, and also be aware that we may see circuit-breakers applied over the coming days – see below. 
    We urge you to do the following:  
    •   Monitor your positions closely at all times  
    •  Ensure you are comfortable with the size of your positions, and the effect that any market gap may have on them 
    •   Ensure you have sufficient funds on your account to cover your positions in the event of a significant market move  
     
    You can also use our weekend markets to hedge against risk on your weekday positions. 
  18. CharlotteIG
    Will Synairgen shares keep soaring on new Covid-19 treatment?
    Synairgen shares are up 30% on Friday following positive trial data, with its new Covid-19 drug containing a protein that reduces the odds of developing severe symptoms and accelerates recovery.
    Synairgen shares soar 30% on new Covid-19 treatment The Southampton-based biotech company’s drug accelerates patients Covid-19 recovery Synairgen stock is up 2150% year-to-date. Shares in Synairgen are rallying sharply in today’s trade following positive trial data, with its new drug, known as SNG001, containing a protein that reduces the odds of developing severe symptoms of Covid-19.
    The small scale trial results were published in the peer-reviewed Lancet journal, showing positive results in hospitalised patients.
    Synairgen shares are up 30% to 130p at the time of publication, with the stock up 2150% year-to-date.
    Synairgen’s new drug could accelerate Covid-19 recovery
    The Southampton-based biotech company developed a naturally produced protein which helps the body fight viral infections. Synairgen, which was spun out of Southampton University said the drug ‘may have the potential as an inhaled drug to restore the lung's immune response and accelerate recovery from Covid-19’
    ‘The results confirm our belief that interferon beta, a widely known drug approved for use in its injectable form for other indications, may have the potential as an inhaled drug to restore the lung’s immune response and accelerate recovery from COVID-19,’ Professor Tom Wilkinson, Professor of Respiratory Medicine at the University of Southampton and Lead Author, said.
    ‘This pH neutral, inhaled interferon beta-1a formulation (SNG001) provides high, local concentrations of the immune protein which boosts lung defences rather than targeting specific viral mechanisms,’ he said.
    ‘This might carry additional advantages of treating COVID19 when it occurs alongside infection by another respiratory virus such as influenza or Respiratory Syncytial Virus that may well be encountered in the winter months,’ Wilkinson added.
    Synairgen: technical analysis
    Taking a look at the chart of Synairgen, the stock is down 50% from the summer peak, according to Victoria Scholar, presenter and market analyst at IG.
    ‘The stock was under pressure earlier this week on the back of Pfizer’s vaccine hopes,’ she said. ‘But today shares are bouncing back, with a gap higher combined with a buy signal from the RSI.’
    ‘Nonetheless, the stock still remains some way below its descending trendline that’s been in place since October,’ Scholar added. ‘Having broken back up above the 38.2% Fibonacci level, it is now on track to test the 50% fib level at 165.77.

    Aaran Fronda | Financial writer, London | 

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