Jump to content

JamesIG

Administrators
  • Content count

    1,347
  • Joined

  • Last visited

  • Days Won

    7

JamesIG last won the day on July 17

JamesIG had the most liked content!

Community Reputation

48 Excellent

4 Followers

About JamesIG

  • Rank
    Respected Contributor

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Hi @Kazeko - I believe you would have been looking at this around 11am? At this time it's likely that the market is very illiquid and the spreads are quite wide - this is entirely due to the underlying market as the IG spread are a fixed percentage. As you get closer to the market opening 'main session' (as stated by senor) the spreads in the underlying would get narrower as the order book starts to fill with orders. Put simply, the spread was wide at that point because no one was willing to sell to you at a price lower than that. https://www.ig.com/uk/shares/out-of-hours-shares When it comes to orders, you would only be filled if a sufficient numbers of shares trade at those specific levels in the underlying market.
  2. JamesIG

    New AUD/JPY margin after ESMA

    Hi @cate - Please note these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. ESMA have not considered AUD as a major currency, the ESMA majors are USD, EUR, JPY, GBP, CAD AND CHF. There are a few differences between the official ESMA definition of majors and what we currently have on the platform, however we are looking to review this. The email is therefore correct and AUD crosses will be at 5%. When the email was sent the floor was 7.5% for shares, however we had to take that away (reverting back to the 5%), before we go live with the ESMA minimum. The minimum will be 20% as laid out in the email. In regards to other FX, margin requirements have changed slightly from when the email was sent, however the proposed margin percentages as laid out in that email are correct for the proposed dates (as below). Apologies for any confusion.
  3. Please note these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Hi @mav Tiers are not changing right now but could change at any point in the future when we review product rates in the normal way. If you trade using guaranteed stops, position closure will now be triggered under slightly different terms from 1pm on Monday 30 July. When we calculate account equity today, we do not currently include running losses on positions with guaranteed stops. Under the new ESMA requirements, such positions will need to include running losses as part of the deposit ratio calculation. This means that your positions will be closed out when your cash, including all profit and loss, reaches 50% of your margin requirement.
  4. I don't want to be left out! Added to my Amazon basket as well
  5. @JohnWoottonUK I believe this was the post @PandaFace was referring to.
  6. For other community members who are unaware (and to provide context), a custodial account as defined by investopedia is an account type "accessible through a financial institution, mutual fund company or brokerage firm that an adult controls for a minor under the age of 18, depending on state laws." Unfortunately IG does not currently offer this account type.
  7. Fear of an increase in protectionism from the United States causes Asian equity markets to dip. Profit warnings rise 29% quarter on quarter to 58 FTSE listed companies. Retail sector leads the way, and its expected the earnings shall continue due to uncertainty in the future. Brexit secretary Raab says that the ‘no deal’ option is still on the table. GBP opened marginally down, but came back and has now gained from the Friday close. G20 central bank leaders have warned that global economic growth risks have increased on the back of geopolitical tensions and trade war fears. Oil falls on the back of concerns on reduced fuel demand and a knock on to manufacturing. Thursdays ECB meeting is likely to be the primary event in the spotlight this week, however even then it’s likely to be a low key release. Current data suggests that things are performing as expected, so at best we’re likely to see Draghi express his satisfaction at his staffs predictions. Asian overnight: Market jitters have continued into this week, with a strong selloff in the Nikkei 225 highlighting the strengthening Yen coming thanks to its role as a haven. The session was largely mixed, with gains in China and Hong Kong offsetting some of the losses from the Japanese and Australian regions. The weekend’s G20 meeting of finance ministers and central governors saw continued worries over the impact of current trade tensions on the global growth picture. UK, US and Europe: Looking ahead, a somewhat quiet start to the week on the economic calendar sees eyes turn to eurozone concerns, with the Bundesbank monthly report and consumer confidence from the eurozone. The US markets will be looking towards US existing home sales figure, following on last week’s disappointing building permits and housing starts figures. The earnings season ramps up, with today’s earnings from Alphabet representing the first heavy hitter to keep an eye out for. South Africa: Global markets are trading mixed this morning, with US futures marginally lower, Australia and Japanese Indices trading firmly lower, while China and Hong Kong indices trade positive on the day. The Jse Top 40 Index is expected to trade marginally lower on open as it tempers strong gains from the end of last week. Miners in Australia are trading lower this morning with BHP Billiton down 1.4%, expectant of a similar start for locally listed resource counters today. Tencent Holdings is down 1.75% on the Hang Seng, suggestive of a similarly weak start for major holding company Naspers, which has a 20% weighting on the Top 40 Index. Today's economic calendar is relatively empty although markets will find guidance from earnings reports. South African banks are expected to release earnings updates in the week. Economic calendar - key events and forecast (times in BST) 1.30pm – US Chicago Fed nat’l activity index (June): forecast to rise to 0.4 from -0.15. Markets to watch: US indices, USD crosses 3pm – eurozone consumer confidence (July, flash): forecast to fall to -2.3 from -0.5. Market to watch: EUR crosses 3pm – US existing home sales (June): expected to rise 1.5% MoM from -0.4%. Markets to watch: US indices, USD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades The BBC, ITV and Channel 4 are looking to join forces to provide a shared streaming service with all content in one place. This comes as Ofcom recently reported a decline in people watching traditional broadcasts, as well as a decline in spending on original content, over on demand paid services such as Netflix. Ryanair said that net profit fell to €319 million for Q1, although revenue was up 9% to €2.08 billion. Net margins dropped 6 percentage points to 15%. Lower fares, the lack of an Easter half, and higher oil and pilot costs all hit performance. Full-year guidance was left unchanged. BHP Billiton said that it intended to defend a claim against the group in Australia relating to the Samarco dam failure. Hammerson has exchanged contracts for the sale of two retail parks for a total consideration of £164 million. The total sale price is at a 10% discount to the 2017 book value. Anglo American Platinum (SA) Interim results showed headline earnings per share of 1282c, a significant increase from the 285c achieved in the comparable interim period last year. Harmony Gold (SA) has announced that it has exceeded annual FY18 production. Featured Video from IGTV Please note: 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. Hey - I have had a look at your account and I can't see any recent dividends from US stock (within the last quarter at least). Also, because this is an account specific question I wouldn't be able to discuss this further on a public forum. Please drop me a private message with the details of your query (stock name, date of dividend etc) and I will investigate.
  9. Expected index adjustments Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd July 2018. 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: Special Divs are highlighted in orange Special Dividends Index Bloomberg Code Effective Date Summary Dividend Amount HSI 151 HK 27/07/2018 Special Div 1.25 STI KEP SP 25/07/2018 Special Div 5 SIMSCI KEP SP 25/07/2018 Special Div 5 How do dividend adjustments work? As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements. 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.
  10. Assuming you are referring to the VEU Vanguard FTSE All-World ex-US ETF traded on the NYSE ARCA exchange, you would be looking at 30% withholding tax, unless you have filled in a W8-Ben form (W8-Ben in MyIG) in which case you would only have 15% withheld. I believe the latest Div on this ETF was 27th June which was 0.613. Please also remember for CFD's (and spread bets if you are in the UK), the adjustment is also calculated with the tax included, however if you are short you pay 100% of the divy.
  11. Asian equity markets are mixed, however some pushed higher overnight over a volatile trading session as the Chinese yuan bounced off a one year low. Trump showed displeasure towards the Fed's hikes, criticising policy and highlighting concerns on the potential impact of rising interest rates on the US economy causing the Dollar to sag. The Comcast / Disney bidding war for 21st Century Fox ended yesterday with the former pulling out of the race. Comcast still plan on pursuing Sky. 70% of Royal Mail shareholders opposed a pay package deal for their new incoming CEO. Airbus and Boeing have seen combined orders of nearly 1000 aircraft as this years Farnborough Air Show. This week has shown strength in the aviation industry with the UK government also unveiling plans for its 6th gen fighter jet, the ‘Tempest’. A new test network has been launched for Raiden, an Ethereum payments channel project introduced as a potential solution for the cryptocurrencies scalability issues. Have your say on which new cryptocurrency IG offer in our community poll. Asian overnight: Markets in Hong Kong struck a ten-month low yesterday, as Asian shares continued to suffer thanks to concerns about global trade wars. Australia was the sole point of light, rising 0.3%, with only materials stocks lower. China’s currency continued to weaken as well, crossing the Rmb6.8 mark against the dollar for the first time in a year. Markets are speculating that the Peoples Bank of China (PBOC) will look to intervene in currency markets in lieu of the Yuan's recent decline. The yuan against the dollar, down to 6.8211 after sliding as much as 0.7 percent, is currently at its weakest level in a year. It is now trading above the 6.7 mark, which historically has proved to be a strong support level for the yuan. UK, US and Europe: UK monthly retail figures disappointed yesterday forcing GBP lower and the chance of an August rate hike continuing to slide. High street retail is facing serious problems at the moment with Poundworld closing the last 190 of its stores as early as August 10th, and Goucho Groups ‘Cau’ chain set to go as the group heads into administration. Online competition, high rents, and a shifting discretionary consumer spending habit are the primary factors as Brexit and potential rising interest rates (and therefore larger mortgage repayments) weigh on many spenders minds. Premium ‘restaurant style’ deals at supermarkets, which really came into their own after the 2008 debacle, continue to be a cost efficient, easy alternative for many, whilst large online retailers such as Amazon (which saw its market cap nudge past $900bn a couple of days back) continue to thrive. The International Monetary Fund warns that a "no deal" Brexit would also be economically harmful to Eurozone countries, not just the UK. All goods and services would have to undergo stricter checks by the EU at its borders, complicating the systems currently in place. Estimates say that a "no deal" Brexit would cost the EU 1.5% of its GDP, or 250 billion euros. Looking forwards, the losses seen in the Asian market are expected to continue in Europe, with small drops for indices expected. Canadian CPI is the sole macro point of interest, while on the earnings front General Electric and Schlumberger report figures. The US dollar will also be in focus after President Trump commented that further rate increases could derail the economic boom in the US. South Africa: The rand slid even further than its emerging market currency peers yesterday after the South African Reserve Bank lowered its forecast for economic growth in 2018 to 1.2% from 1.7% previously. The rand has however posted a modest recovery this morning, although the longer term trend appears to remain that of weakening. Precious metal prices remain subdued , although palladium looks to have bucked the trend posting a near 2% gain. Crude prices are slightly firmer this morning. BHP Billiton is 2% lower in Asia this morning suggestive of a softer start for local diversified miners. Tencent is flat on the day, suggestive of a flat start for major holding company Naspers, which accounts for around a 20% weighting in the JSE Top40 index. Economic calendar - key events and forecast (times in BST) 1.30pm – Canada CPI (June): forecast to be 2.5% YoY from 2.2%, and 0.3% MoM from 0.1%. Core CPI to be 1.5% from 1.3% YoY. Markets to watch: CAD crosses Source: Daily FX Economic Calendar Corporate News, Upgrades and Downgrades Beazley reported pre-tax profit of $57.5 million for the first half, down from $158.7 million a year earlier. Gross premiums were up 25% to $1.32 billion. Homeserve said that growth prospects for FY 2019 are good, thanks to in-line performance for the 1 April to 19 July period. Unilever has commenced the second half of its €6 billion share buyback, which is expected to finish prior to the year-end. Corem Property Upgraded to Buy at Kepler Cheuvreux NP3 Fastigheter Raised to Buy at Kepler Cheuvreux Recordati Upgraded to Buy at Goldman Orion Upgraded to Hold at Jefferies Deoleo Downgraded to Underperform at BBVA EON Cut to Equal-weight at Morgan Stanley Kone Downgraded to Hold at DNB Markets Outokumpu Downgraded to Hold at SEB Equities Featured Video from IGTV Please note: 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.
  12. JamesIG

    Indices

    interesting set of charts, and a great name for a blog 🤣
  13. If you are looking to trade $50,000 dollars worth of this main lot you are looking at trading half a contract. This would amount to 500 JPY per point movement (half of the "value of one point"). If the market was at 113 your starting margin, assuming you have no stops in place, would be $250 (or 28,250 JPY). If the market drops you're still going to have a margin requirement of $250, (however this will then be worth 28,000 JPY). This is because the notional value of $50,000 remains the same. Running loss If you are looking at a 50 point movement against you then you would be looking at a running loss on that trade of 25,000 JPY. If the exchange rate is 112.5 then you'd need $222.22 to cover the running loss. If you are looking at a 100 point movement you would be looking at a running loss on that trade of 50,000 JPY. If the exchange rate is 112 then you'd need $446.42 to cover the running loss.
  14. JamesIG

    Chart updates, crypto pairs, and weekend funding

    Thanks all for your feedback - any additional suggestions I will add to the end of month report which i send to product owners and developers. No word on OCO orders at the moment I'm afraid but I shall pass this on as well.
×