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JamesIG

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  1. Global equity markets are shining with the Japanese Nikkei hitting an 8-month high, Chinese shares on course to make their biggest weekly gains in 2 years, and a strong earnings outlook expected to continue. US stock market also looks to continue it's march to record highs are strong fund inflows support the market. Figures released on Thursday by EPFR Global quoted a $14.5bn inflow. The Hong Kong dollar (pegged to that of the USD) strengthened early Friday ahead of the US Federal Reserve meeting next week, and an expected rise in interest rates. Brent crude has its eyes on $80 a barrel and is currently trading at its highest level in 4 years, all despite efforts of Trump's Tweets for OPEC to "get prices down now". Crypto exchanges have hit back at a damning NY Attorney General report. Assets in the sector have rallied over the last session with bitcoin up around 5% in the last 4 days, and ether pushing a 17% gain in the same time period. Join our #IGFXChat and put your currency questions to our expert panel now! Asian overnight: Asian markets are back on a positive footing, with the Chinese indices leading the gains amid widespread upside. This week has largely seen the markets take an optimistic outlook to US-China trade talks, and the gains seen overnight are an extension of that. On the data front, Japan was the centre of market focus, with national core CPI rising to 0.9% (from 0.8%), while the flash manufacturing PMI rose less than expected to 52.9 (from 52.5). Oil prices were mixed after falling in the previous session as President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend. For many industrial buyers and energy companies out there it seems they are cautious and possibly expectant of higher prices in the future. Manufacturing and services PMI readings from the likes of France, Germany, and the eurozone should keep the euro in focus. UK, US and Europe: New data out recently has shown that the US has become the EU's largest supplier of soyabeans, with nearly 1.5 million tonnes supplied in the last quarter. This shows an increase of nearly 130% compared to the same period last year. This is seen as important by both Brussels and Trump, as it featured prominently in the President's plan for improving US-EU relations. Looking forward this could signal a success for both sides, as continued efforts to "reduce barriers and increase trade in services, chemicals, pharmaceuticals, [and] medical products". Europe is ending the week in busy fashion, with a raft of eurozone PMIs released throughout the morning. Manufacturing and services PMI readings from the likes of France, Germany, and the eurozone should keep the euro in focus. In the US session, we also see those same PMI readings released later in the day. Also keep an eye out for the Canadian retail sales and CPI numbers. Finally, given the current events surrounding oil, Trump and OPEC it's going to be increasingly important to stay up to date with figures out on the black gold. Baker Hughes should keep you in your chairs at 6pm BST today. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar 8am – 9am – French, German, eurozone mfg & services PMI (September, flash): French services PMI to rise to 56.1 from 55.4, and mfg fall to 53.4 from 53.5. German services PMI to rise to 55.1 from 55 and mfg to fall to 55.4 from 55.9. Eurozone services PMI to hold at 54.4 and mfg to fall to 54.4 from 54.6. Markets to watch: eurozone indices, EUR crosses 1.30pm – Canada CPI (August), retail sales (July): CPI to be 2.8% YoY from 3% and 0.2% Mom from 0.5%. Core CPI to be 1.5% YoY from 1.6%. Retail sales to rise 0.4% MoM from -0.2%. Markets to watch: CAD crosses 2.45pm – US mfg & services PMI (September, flash): mfg to fall to 53.8 from 54.7, and services to fall to 53.6 from 54.8. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades Smiths Group said pre-tax profit for the year was down 28% to £435 million, while revenue fell 2% to £3.21 billion. Operating margin fell 110 basis points to 16.9%. SIG reported a 28% drop in operating profit, to £26.9 million, while revenue was down 4% to £1.38 billion. Poor weather in the UK hit performance, but the trading environment was better in mainland Europe and Ireland. EDF upgraded to neutral at Exane Enel upgraded to outperform at Exane Maersk upgraded to buy at HSBC Endesa downgraded to neutral at Exane Suedzucker downgraded to sell at Bankhaus Lampe Verbund downgraded to underperform at Exane 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. Submit your questions now! In October we will be hosting a number of live chats and discussion dedicated to the world of currency trading and the foreign exchange market. Each #IGFXChat will focus on a unique topic, relevant to the macroeconomic landscape today. These topics will include; the ongoing US - Sino trade war, Trump's protectionist tariffs, and the renminbi; the uncertainty surrounding Brexit and any ongoing EU negotiations; and finally the recent sell side pressure affecting emerging market currencies and their local economies. Submit your #IGFXChat questions now... Each #IGFXChat discussion will be hosted by our own IGTV presenters along with an elite group of influencers, analysts, traders, and market commentators. We will broadcast LIVE within the IG dealing platform, on IG Community, and via our broader social media platforms such as Facebook and YouTube. Our first #IGFXChat will focus on... What effect will the trade war have on forex markets? Possible effects of Trump’s policies Possible effects of Chinese, EU, G7 reactions, etc Chinese renminbi – how will its valuation develop, will China continue to exert control over its value, etc? Key pairs to watch over next 12 months The most important part of the #IGFXChat will be you! We want to hear your questions so we can put them to the panel, opening up a two way channel between you and a group of experts which you may not usually access. The first two guests will be Raj Dhall at tradingview.com and Samuel Morton at lovethepips and forexcfdsignals.com. Submit your questions now!Throughout the live broadcast you can use the #IGFXChat hashtag to submit your questions via any form of social media, but you can also submit any question you may have right now, simply by commenting on this post. If you're an IG client (both live and demo) make sure that you are logged into Community before you post. We've done this type of broadcast before with our #IGCryptoChat discussions we had back in March 2018. You can check out an example of what we have instore for you below. Submit your #IGFXChat questions now... If you're a 'guest' to this page and don't have an account with IG, you can still leave a comment below (however it will need to be approved by a moderator).
  3. JamesIG

    Tilray Inc (TLRY) on Nasdaq

    We've had a few questions on the phones relating to shorting, or more specifically why you can't short at the moment on this particular market. The below may be useful for those new to this market event of 'unborrowable'
  4. Stocks pull back in the Asian overnight market after a tepid close of Wall Street last night. Bellwether metals copper and zinc, along with other industrial metals, continue their rally as investors and traders focus on increasing demand rather than US-Sino relations. Rio Tinto announced a $3.2bn share buyback scheme, and whilst the Anglo-Australian miner saw 3.2% gain the ASX didn’t follow suit and ended down slightly. Potential swings on the UK Rio listing on the open. In EM currencies, the SA Rand rallied on Wednesday after consumer price growth slowed according to inflation data. This comes ahead of the rate decision today - one to keep an eye on amid potential volatility. A solid reading on New Zealand’s economic growth GDP figure pushed the NZ dollar higher. US dollar index was down around 0.1%, with the euro trading at around 1.168 USD whilst 10 year treasuries are up around 10 basis points in the last week. US crude inventories saw a three and a half year low yesterday whilst gasoline saw a pullback. Both energies were up on the news and have seen consolidation since. This could be one to watch today for any profit taking or movement on the back of trade talk news. The president of the Financial Action Task Force, the global anti money laundering body, has said he’s optimistic about agreeing a set of standards for AML procedures applied to crypto and virtual currencies. Retail Sales in the UK, US initial jobless claims, and the EU press conference are the macro data areas to look out for today. Asian overnight: A much less decisive and convincing session overnight has seen Asian markets largely exhibiting moderate gains in a day that has seen them oscillate around the market open level. The one loser on the session came from Australia, with the ASX 200 falling after a report from the RBA said that in an all-out trade war, the AUD could significantly strengthen. The NZD was one of the strongest currencies of the session, following an improved GDP number of 1% for Q2. In the afternoon, keep an eye out for the US Philly Fed business outlook and existing home sales. UK, US and Europe: Theresa May stated yesterday that she will not accept Brexit offers that treat Northern Ireland as a separate customs territory, after the EU proposed to keep the region within its customs union and single market. Further to the Financial Action Task Force statement on cryptocurrencies discussed above, the UK's Treasury Committee has announced that the country could soon implement regulatory reforms for Cryptocurrencies, to address poor security, extreme volatility and excessive anonymity. The proposed aim is to make the UK a legitimate home for crypto trading and become a major trading centre. Looking ahead, the UK is back in focus with the release of the latest retail sales number. Volatility over Brexit has been influencing the pound and thus traders should also watch out for any further comments from the UK or EU. In the afternoon, keep an eye out for the US Philly Fed manufacturing index and existing home sales. Meanwhile, the eurozone comes back into play, with consumer confidence and an appearance from Bundesbank President Weidmann later in the day. South Africa: Global markets are giving ambiguous signals today for the JSE as US Index futures and Asian markets show a mix off marginal gains and losses this morning. There is little in the way of new news to guide markets today although South African traders and speculators will keep a watchful eye on the Reserve banks monetary policy meeting this afternoon. Lending rates are expected to remain unchanged, although there remains a possibility of a marginal rate hike. The rand remains firm leading into the news event. Tencent Holdings is up 0.25% in Asia suggestive of a marginally positive start for major holding company Naspers. BHP Billiton is trading 1.14% higher in Australia, suggestive of a positive start for local resource counters. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar 9.30am – UK retail sales (August): sales to rise 0.2% MoM and 2.7% YoY, from 0.7% and 3.5% respectively. Markets to watch: GBP crosses 1.30pm – US initial jobless claims (w/e 15 September), Philadelphia Fed index: claims to rise to 208K from 204K, while the Philly Fed index rises to 15 from 11.9. Markets to watch: US indices, USD crosses 3pm – eurozone consumer confidence (September): confidence index to rise to -0.7 from -1.9. Markets to watch: EUR crosses 3pm – US existing home sales (August): forecast to rise 0.6% MoM from a -0.7% fall. Markets to watch: US indices, USD crosses Corporate News, Upgrades and Downgrades Rio Tinto has announced details of its $3.2 billion share buyback, combining an off-market tender of $1.9 billion and additional on-market purchases. Stobart said that passenger numbers at its London Southend airport rose 37% for the first half. Kier Group reported a 9% rise in underlying pre-tax profit for the full year, to £137 million. Diageo said that the new financial year had begun well and that performance remained in line with expectations. Heightened exchange rate volatility is expected to hit operating profit for the year by around £45 million. Aveva upgraded to overweight at Barclays Weir upgraded to overweight at Morgan Stanley Bayer upgraded to buy at Citi Proximus upgraded to buy at Citi Essity downgraded to neutral at Goldman Nokian Renkaat downgraded to sell at Carnegie Telenet downgraded to neutral at Citi Telefonica Deutschland downgraded to sell at Bankhaus Lampe 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.
  5. Thank you @Gordy35 - I'll include this in the end of month report.
  6. JamesIG

    Tilray Inc (TLRY) on Nasdaq

    Hey all - please note that this stock has around 13% free float so could see significant volatility. Most stock is owned by a private equity firm and it looks like there is no borrow in the underlying market. As with all investments, speculations, trades and bets perform due diligence and act accordingly.
  7. JamesIG

    Charts are so slow

    Hey - glad this is sorted @cate - all the best.
  8. JamesIG

    Charts are so slow

    On it. I'll escalate to @WillA - I can't see anything on internal coms between us, but he may have more info.
  9. JamesIG

    Carbon Emissions

    Ah yes - this was actually only posted last night at about 6pm - but you can find the Carbon Emissions article here. https://www.ig.com/uk/commodities-news/carbon-trading--how-does-it-work-and-why-has-it-taken-off-180918
  10. JamesIG

    Charts are so slow

    Hi @Dexter - please can you confirm if you are using the Classic or New Platform? You can verify which platform you are using if you're unsure via My IG (default is New Platform).
  11. The rebound in Chinese stock markets has extended and US bond yields are steady after the market digested the trade tariff news. MSCI Asia-Pacific index up 0.95%, whilst the Japanese Nikkei rises 1.3% A reclassification of the S&P 500 will see tech behemoth such as Facebook and Alphabet move from 'information tech' stocks into 'communication services' along with about a fifth of the index. Oil prices are seen to consolidate after rally. Cryptocurrency markets are holding steady, and with higher lows being made across the board this could signal a trend reversal for many technical traders. UK inflation data is in focus today, likely to be closely watched as investors economic optimism hits a near seven year low. Asian overnight: Asian markets continue to defy expectations, with gains throughout the region flying in the face of an intensified trade breakdown between the US and China. In a retaliation to the US decision to implement tariffs on $200bn of Chinese imports, China has now responded with further duties on $60bn of US imports. Chinese authorities have however said that they would not intervene in the currency market and have not yet removed themselves from upcoming bilateral talks on trade with the US. Despite both sides announcing new tariffs yesterday, the level of those levies are somewhat lower than expected, sparking a relief rally. In Japan the BoJ decided to maintain a steady monetary policy, with the bank stating that they will maintain extremely low rates for an extended period of time. CPI data is a key measure of inflation for the UK and is used by the BoE in making interest rate decisions. UK, US and Europe: Looking ahead, the European session will focus on the UK inflation data, with CPI expected to reverse last month’s gain, with a tick lower to 2.4%. A similar move is expected with core CPI, where a shift down to 1.8% would help continue the downward spiral of 2018. CPI, which stands for Consumer Price Index, is a key measure of inflation for the UK and is used by the Bank of England in making interest rate decisions. The report tracks changes in the price of a basket of goods and services that a typical British household might purchase. An increase in the index indicates that it takes more Sterling to purchase this same set of basic consumer items The afternoon brings building permits and housing starts from the US, while an appearance from Mario Draghi and the crude inventories means that we should have a sufficient amount of data to shift the needle. South Africa: The Jse Allshare index is expected to post gains this morning following its international counterparts. The rand is holding on to short term gains while commodity prices tick higher on the back of a weaker dollar. Tencent Holdings is trading 2% higher in Asia suggestive of a positive start major holding company Naspers. BHP Billiton is up 2.89% in Australia suggestive of a positive start for local resource counters. Economic calendar - key events and forecast (times in BST) 9.30am – UK CPI (August): CPI to rise 2.7% YoY from 2.5%, and 0.3% MoM from 0%. Core CPI to be 2.1% YoY from 1.9%. Markets to watch: GBP crosses 1.30pm – US housing starts & building permits (August): permits to fall 0.8% MoM and starts to rise 0.3%. Markets to watch: US indices, USD crosses 3.30pm – US EIA crude inventories (w/e 14 September): stockpiles forecast to fall by 1.2 million barrels, from a 5.3 million barrels drop a week earlier. Markets to watch: WTI, Brent Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Stagecoach said that it has made a good start to its financial year, with forecasts unchanged despite a mixed performance, as revenue weakened in North America but UK rail revenue rose. Kingfisher said that underlying pre-tax profit fell 14.8% to £375 million for the first half, while first-half gross margin fell 40 basis points. The firm said it remained on track to hit strategic milestones NEX will pay $50 million to settle claims in the US relating to interest rate benchmark manipulation. BAT upgraded to hold at DZ Bank CNP Assurances upgraded to hold at HSBC Commerzbank upgraded to outperform at RBC Concentric upgraded to buy at SEB Equities Castellum downgraded to sell at DNB Markets Coloplast downgraded to hold at ABG Credit Agricole cut to neutral at Mediobanca Fabege downgraded to sell at DNB Markets 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.
  12. Hi @CasG thanks for letting us know on this one. I've spoken to our sales ops manager and he's investigating. I'll let you know as soon as we have a resolution / answer.
  13. JamesIG

    Spikes in Germany 30 MT4

    Thanks for this Casey - we have made the changes in LIVE however DEMO accounts may be a little longer and are likely going to have to wait until the scheduled sweep. thanks
  14. Trump to impose an additional 10% tariff duty on China rising to 25% next year if no deal is reached. China's yuan down on the back of trade war talks, whilst a stimulus package helps support the equity market. Gold's typical 'safe haven' status isn't re enforced this time around, with flow seen into the USD over the precious metal. Nickel, aluminium and bellwether metal copper hit on the LME by the $200bn tariff. Oil drops on the same news. Mining shares also hit as a result and its likely we’ll see some FTSE and European shares gap down on the open.. In the EM space political uncertainty is driving down coffee prices, whilst the Indian rupee drops to near record lows despite PMs best efforts. Elon Musk's SpaceX has named a Japanese billionaire as its first tourist they’ll fly around the moon. Saudi Arabia’s sovereign wealth fund has invested $1bn in a Tesla rival, Lucid motors. Asian overnight: Asian markets performed remarkably well overnight, with the Hang Seng and ASX 200 providing the two sour notes on an otherwise resilient session. Chinese markets rose despite Trump implementing 10% tariffs on $200bn worth of Chinese goods which will will start on September 24. The decision comes in spite of China's warning that they would not engage in scheduled trade talks if the US implemented these tariffs. This would rise to 25% next year if no deal is reached, and the US has further warned that if China retaliates, it would pursue tariffs on another $267bn worth of imports from China. To an extent this largely writes off any hopes of a resolution in the near-term. To an extent this largely writes off any hopes of a resolution in the near-term and instead heightens the risk of Chinese retaliation. However it seems today’s news was largely baked into the price, thus muting the effect. While US markets were weaker overnight, US Index futures are trading marginally firmer this morning and Chinese equity markets significantly firmer today. Elsewhere, the RBA minutes pointed towards a bank which has no inclination to raise rates anytime soon. UK, US and Europe: Looking ahead, there are precious few notable economic releases of note, thus shifting the focus back onto the Chinese trade concerns alongside Brexit. South Africa: Commodity prices are under some pressure this morning while the rand has managed to claw back some further strength against the greenback. BHP Billiton is trading 0.4% lower in Australia suggestive of a weaker start for local diversified resource counters. Tencent Holdings is up 0.2% in Asia, suggestive of a marginally positive start for major holding company naspers. Economic calendar - key events and forecast (times in BST) Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Spire Healthcare said that pre-tax profit fell 7.9% for the first half, to £8.2 million, while revenue was down 1.1% to £475.6 million. Full-year guidance was also cut, to £120-£125 million. Ocado reported an 11.5% rise in retail revenue for Q3 to £349 million, while average orders per week rose 11.4% to 283,000. Centrica upgraded to buy at Goldman Fresnillo upgraded to top pick at RBC Merlin upgraded to buy at SocGen Polymetal upgraded to outperform at RBC Investec maintain buy on Barloworld with a target price of 14400c Investec upgrades Distell to buy with a target price of 15000c CYBG downgraded to hold at Berenberg NCC downgraded to hold at SEB Equities Vifor Pharma cut to neutral at JPMorgan Moody's has placed MTN on review for downgrade 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.
  15. Hey all - just to let you know we're going to look into removing those older web pages in the next few days, however you may have noticed a new tab above for the IGTV on demand shows. You will need to be logged in to see this content. https://community.ig.com/igtv/
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