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ChrisWa

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  1. Asian markets were largely negative, dropping for a 3rd consecutive session on further trade escalation US - Canada trade talks knocked as Trump threatens to quit NAFTA altogether US markets closed for Labor Day Oil prices dipped lower on Monday on the back of rising supply from OPEC and the U.S Asian overnight: The two main rounds of negotiation on Friday have come back to bite markets at the start of this week, with the breakdown in US-Canada trade talks and UK-EU Brexit talks hitting market sentiment. Once again Trump has threatened to quit NAFTA altogether, knocking the optimism that was evident at the beginning of last week. This led to losses throughout Asia Pacific, with Chinese, Japanese, and Hong Kong markets all trading close to 1% in the red. Australia managed to fare a little better, with the index trading just 0.10% down, with a weak retail sales figure (0% from 0.4%) knocking the Aussie dollar. UK, US and Europe: Looking ahead, the focus will be upon Europe given the public holidays in the US and Canada. In particular, we are likely to see the pound provide some of the most volatility, with the breakdown of Brexit talks knocking sentiment. We also see the first of the PMI readings, with the manufacturing survey coming into focus. There are a host of other European PMI surveys, yet for the most part they are revisions, unlike the preliminary UK figure. South Africa: The dollar has firmed somewhat and with placed marginal pressure on commodity prices this morning which always has a knock on effect to the local market. The rand remains week with R15/$ the next level of resistance considered for the currency pair. Tencent Holdings is down 2.7% in Asia suggestive of a soft start for major holding company Naspers. BHP Billiton is down 0.6% in Australia, suggestive of marginal weakness for the local listing. Economic calendar - key events and forecast (times in BST) Daily FX Economic Calendar 9:30am - UK manufacturing PMI (August): expected to rise to 55.9 from 54. Market to watch: GBP crosses. Corporate News, Upgrades and Downgrades United Utilities said that it expected to cut average bills by 10.5% in real terms between 2020 and 2025. Capital expenditure is also expected to be cut by over £1 billion. Footasylum has warned that full-year revenue and earnings will be below forecasts, due to ‘challenging’ conditions in the retail space. For the first half, total revenue was up 18.5% to £98.6 million. Severn Trent said that it expects to reduce bills by 5% between 2020 and 2025. Whitbread upgraded to neutral at Citi Restaurant Group upgraded to hold at Berenberg British American Tobacco downgraded to underperform at RBC InterContinental Hotels downgraded to sell at Citi JD Wetherspoon downgraded to sell at Citi 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.
  2. Good morning, The message you are seeing here is relating to the fact that we are not able to trade on this stock with controlled risk opening, meaning we are not taking guaranteed stops on this market. Due to your account type it means that you can only trade using guaranteed stops on all positions. If you wanted to change your account type you can call a member of our trading services team to see if your account can be changed to trade with or without these stops. To see whether a stock can be traded with guaranteed stops you will need to click on the information symbol on the deal ticket which will display this information and show a minimum stop distance. Hope this answers your question. Thanks, Chris
  3. Good afternoon all! I gained an interest in equities from my previous role at a stockbrokers, since then I have been a regular trader in the equities market. The sector my portfolio is centered on at the moment is Finance/Insurance. The focus I have for the future will be on the US equity market. I feel this is an interesting area that will see scope in the years to come, with a specific look at the construction sector. The decisions I make in trading are based solely on fundamental and macro data. I feel that technical analysis has a place when trading commodities and FX. However I feel fundamental news and data on equities helps shape my trading decisions. Due to my experience over the years in equities, I am here to provide an opinion on political events and how they may cause an impact on prices. I am happy to guide through the different order types available and what a corporate action may entail and break down the specific aspects. Give me a shout if needed, Chris
  4. Hi We do not list companies who are offering Rights Issues or going through any type of corporate action. If you were an existing holder of the company on the ex date, then you would be informed about an upcoming Rights Issues via an email from our corporate actions team. If you are not a holder of a company that is issuing a Rights Issue then you would have to keep up to date with company announcements. If you are wanting to keep up to date with news on shares, please click here for news and earnings reports from our analysts. Thanks! Chris
  5. Hi We appreciate the feedback on the New Web Trading Platform and I will pass your comments onto the development team for further investigation. I am familiar with the feature you are describing with the indicators, this is a feature that has been removed from the new platform. If you are needing some information on technical analysis please visit our articles on the range of indicators available. Please see the article link below. Technical Analysis If you are finding the new platform harder to get your head around, there is a guide that has been created to assist with certain features and the usability of the platform. Please click on the link below for further assistance. Platform Guide We do not currently have a firm date for when the old platform will be removed, do you feel that if we removed the old platform you would find it increasingly difficult to trade on the new platform? Also please let me know if there are any specific details on technical analysis missing from the articles or another feature of the new platform you are struggling with. Thanks! ChrisW
  6. Hi I apologise that the feature you require is not available on the IG share dealing platform. We have been looking at various enhancements to complete our offering dividend with reinvestment being one of them. I appreciate that you would like to transfer your holdings away from IG, whilst I can say we are looking at introducing these new features I am not able to provide a time frame for when they will be implemented. If you wish to proceed with the transfer we can action that free of charge and you will be able to close the account without any closure fees. In order to initiate the transfer you will need to complete a stock transfer form with the broker you are transferring your holdings to, that way we can be in direct contact and provide all the relevant information. Thanks, Chris
  7. Hi We appreciate your comments and this will be submitted to the feedback team. To provide you with some further information, we have made these changes due to the current situation we are facing with tougher regulations in the leveraged environment. In your example if we use the original Guaranteed stop margin, then the leverage on the position is approximately 1000-1. Unfortunately, we will no longer be allowing the minimum margin requirements by using guaranteed stops, we are effectively enforcing minimum leverage restrictions. Thanks. Chris
  8. Hi Thanks for your feedback on having time displayed on the platform. I agree with your points here that a clock displayed somewhere on the platform or the charts will be very useful. We have recently implemented a new web trading platform and we are adding new features directly from client feedback on a regular occurrence. I will be sure to submit this as feedback to our development team. If you have any further suggestions please do not hesitate to get in contact with us. Thanks. Chris
  9. Hi In terms of setting automatic trigger prices to sell your shares in GNK, you will only be able to do this if the function is available under the order type function. The 2 order types are: 1) Stop Market Day - this would be working for that day only and then would expire. 2) Stop Market GTC - this would be held on the system for up to 90 calendar days and then would expire. However if the stock is a SETsQX (market maker - quote driven) stock then you will not have this function to set automatic trigger prices to sell your shares. I hope this helps and answers your query. If you have any further questions about our platform or the market in general, do no hesitate to ask! Thanks, Chris
  10. Hi There are 2 ways in which you could look at your holdings to see how much profit you have made. The first way would be to take the £20,000 figure and divide this by the share price of 950.5 (£9.50.5) to give you 2104 shares. You can then use the share price of 1020 (£10.20) multiplied by the amount of shares 2104 to give you £21,460.8 then minus the purchase price to reach your profit figure. Alternatively a simpler way to put this would be that you are trading 2104 shares which equates to £21.04 per point (number of shares divide by 100) . Then simply multiply this figure by the difference in the 2 prices. I.e. 1020 - 950.5 = 69.5 x 21.04 = 1462.28. Hope this helps! Thanks Chris
  11. Hi , In terms of your question, we do not provide the name of the Nominee service that we use. I can tell you that the provider we use is used by a wide range of brokers and is separate to IG. If you have any questions in relation to the platform or how to trade on our share dealing accounts, please do not hesitate to contact us. Alternatively, try searching the community to see if it has already been answered. Thanks! Chris
  12. Hi In this community you can start a topic of discussion surrounding the markets or ask questions about functionality of the platform. In answer to your question, a rights issue on a CFD account will react the same as the underlying market, in other words if you held the shares physically in a share dealing account. To clarify, if you held 1000 shares and there is a rights issue ratio of 2 for 1. You would have the right to take up 2000 shares at the subscription price, you will also have the ability to trade out of the rights. The only time this will be different to holding the shares physically will be when you hold a short position. If you held a short position until expiry there is the risk of being taken up against, meaning the Rights position will be converted into the underlying position at the subscription price going short. To take up rights on the account you would just need to contact us either over the phone or via email to confirm your instruction. I hope this answers your question. If you have any further points you wish to discuss please contact us. Thanks! Chris
  13. Hi The new web platform is available across all IG spread betting clients now. I will be contacting you via email shortly to show you how the IG dashboard should look and the section you will need to click on. Thanks!
  14. Hi When you purchase shares with IG you are placing them with us as a nominee holder. That means that you will no longer require physical share certificates for your purchases, these will be available to trade online. This allows for swift buying and selling all at the click of a button and available on the move using one of our mobile applications. Hope this answers your question, if you have any questions about how to use the web platform or sell your shares please contact us. Alternatively you can visit the education section of the website for tutorials on the platform by clicking here. Thanks! Chris
  15. Hi To access the new platform you will need to log in to your IG account and go to your My IG section. All your IG live and demo accounts will be listed here, simply click on the blue tab to launch our new web trading platform. The moving average volume bars are not available on the charts at the moment, but this functionality is available on the advanced charting package we offer, Pro Real Time. I agree that this would be a good functionality to have added to our IG charts and will pass this on to our developers. In the meantime if you have any more feedback to add please do join in the discussion and leave your feedback here. Thanks!
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