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JamesIG

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Blog Entries posted by JamesIG

  1. JamesIG
    I'm happy to announce that you can now add drawings to the indicator study area both on desktop and mobile of the IG charts. This new functionality has been developed on the back of client feedback submitted to Community, from within the dealing platform, and directly with our Trading Services and client facing teams. If you have any other requests, please add them in the comment section below and we'll make sure the charting dev team and product owners see them.
    You can now draw on indicators
    For instance, get more insight from your RSI indicator by drawing a trendline directly on the study area. The ability to draw on these indicators, such as MACD and volume, opens up a number of new options for technical analysis. Trends, for example, can add granular insight into market dynamics and can help improve the accuracy of your TA and strategy. 

    But that's not all...
    We also;
    added the measure tool to the mobile charts and made it persistent on your screen so that it does not disappear when you tap or click away. improved the usability of the charts so that you cannot move your drawings by mistake when moving your charts sideways. To move a drawing, you would need to explicitly select it first. improved the general rendering performance of these drawings. Coming very soon!
    we've added the option to activate or deactivate the snapping on the candles. This should be rolled out around mid October.  All the best and happy trading
    IG Community Moderator Team
  2. JamesIG
    If you have any questions regarding the information below please add a comment. To get the best experience on Community please make sure you LOGIN. Notifications, private messages (if required), and tagging are only possible if you are logged in.
     
    In January, ESMA proposed a number of changes for leveraged retail traders within the EU region and kicked off a consultation period to open up the discussion. Over 14,600 people had their say via the #ReplyToESMA website, with an overwhelming majority opposing the regulatory changes.
    On the back of the proposal and trader feedback, ESMA drew up new regulations which are set to go live on August 1. To comply with these new regulations you may notice some changes on your IG account from the week commencing Monday July 23, 2018. Although not all the regulatory changes will affect all clients (for example some regulatory changes only affect specific instruments or account types), you can find a roadmap for these changes below.

    Wednesday, July 25
    Collateral - Linked collateral accounts were available for clients who had both a leveraged trading account (CFD or spread bet) and a stockbroking account. As of Wednesday, July 25 linked collateral accounts will no longer be an option. If you have insufficient funds at this time your leveraged trading account will be at risk of position closures.
     
    Thursday, July 26
    Credit limits for retail clients (formerly known as ‘Select Accounts’) - Some clients used to have ‘Select Accounts’, which allowed for certain types of credit limits or margin rates. On Thursday these account types will be switched to ‘closing only’ (i.e. the account type and agreed terms will remain, but you can only close your positions at your convenience and no new positions can be opened under this account type). Any new position would need to be opened under a newly set up, regular IG retail account. 
     
    Friday, July 27
    CFD options - At 15:00 (3pm) UK time all UK and European retail CFD clients will have any open options position closed basis the IG mid-price and all option marks will be set for ‘professional only’.
    IG has recently taken a business decision to no longer be supporting options trading for CFD accounts contracted through our European offices. While we appreciate that this decision will cause frustration to those who enjoy the product, regrettably, options have become a market that no longer fits with IG’s European offering. We are currently looking into alternative products to offer to meet a similar requirement and further information will be published when available.
    Closing at the mid-price means that IG will also not be charging any dealing costs to close your positions which remain open at 3pm UK time on 27th June. If you have access to a Spread Betting account (UK clients only), we will also be happy to “bed and breakfast” your trade across at the relevant, current prices, so please let us know if that is something you wish for us to do. This will need to be done over the phone as it would constitute a deal, so please give one of our trading services members a call at a time convenient, but before the above cut off date and time.
    If you have a Spread Betting account, only available to UK residents, then you can continue to speculate with options. If you are a UK resident but don’t have a spread betting account you can add one in My IG by clicking on My IG > Dashboard > Add an account.
     
    Saturday, July 28
    A number of changes will be applied over the weekend
    Margin Changes - Margin requirements to open and maintain leveraged positions was one of the more prominent aspects of the ESMA regulations. On the Saturday, July 28 new margin floors will be implemented across all ESMA retail accounts for all new positions. Existing positions will keep current margin rates. You can find more information regarding retail margin requirements here.

    Negative balance protection - All retail clients contracting to ESMA regulated entities will have negative balance protection applied to their account.

    Offsetting long and short positions - If a client is currently long and short a particular market then they will currently pay 10% of either leg. From July 28, clients will have to pay 100% of the ESMA margin on each position. This change will only apply on new positions, therefore if you are currently long and short the same market then you will continue to receive the concession.

    Rollovers - When Retail clients futures contracts rollover and a position is opened after the July 28, then the new position will be margined basis the ESMA minimums.

    Concessions - Some retail clients may receive concessions based on trade activity. ESMA regulations mean that retail clients will no longer receive any form or rebate or concession (funding concession/currency conversion concession).
     
    Monday, July 30
    Automatic COM (close out monitor if you have insufficient funds to cover the open trades in your account) - Retail clients will be subject to different COM ratio/available to deal calculations that will vary depending on what region you are in. You can read an overview of the ESMA margin rules from July 30th here.
     
    If you have any queries or questions regarding the new ESMA regulations please add a comment below. You may also find the following links useful.
    Compare our leverage offering
    Professional trading
    Once again, please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification below.
    Best
    James 
     
  3. JamesIG
    Who has an interest in Emerging Markets? How would you like the opportunity to have direct access to a panel who will be able to answer your questions directly? You can be part of the latest IG chat by leaving your EM question on social media using the #IGEMchat hashtag, or by simply leaving a comment on this blog post. Even if you don't have an account with IG you can leave your comments below! The live broadcast will be available within the dealing platform, or on this page, on Wednesday the 6th of February at 1pm GMT. We would also look to post the video after the event, as well as here. 
     
    What will we talk about?
    The discussion will cover a wide range of topics that relate to emerging market economies, including:
    The emerging markets to watch in 2019 The relationship between EMs and the US dollar The impact of the US-China trade war How to trade EM assets  
     
    Who's on the panel?
    Paul McNamara, Investment Director, GAM Investments: Paul McNamara is an Investment Director, and is the lead manager on emerging market bond and currency long only and hedge fund strategies. He joined GAM Investments following its acquisition of the fixed income and foreign exchange specialist, Augustus, in May 2009, where he started managing most of the funds he runs to date. He joined Augustus (then Julius Baer Investments Limited) in 1997 from the Export Credits Guarantee department of the UK Government Economic Service, where he was an economist. He began his career as a lecturer. Paul holds an MSc in Economics from the London School of Economics and is a CFA charterholder. He is based in London and you can get an insight into his journalistic style via Twitter or on the Financial Times.
    Gavin Serkin, Managing Editor, Frontier Funds Media & Intelligence: Gavin Serkin has been a prominent writer, broadcaster and commentator on emerging markets for over two decades. His book, Frontier: Exploring the Top Ten Emerging Markets of Tomorrow (Bloomberg/Wiley) – an investment travelogue across 10 countries – was acclaimed as a “must read” by the Financial Times. Serkin’s leadership of Bloomberg’s credit markets coverage and his focus on the derivatives that triggered the global financial crisis won him the Society of American Business Editors & Writers’ Best in Business Award and the Society of Professional Journalists’ Deadline Club Award. Subsequently creating and leading Bloomberg’s emerging markets team, Serkin founded Frontier Funds Media & Intelligence in 2015 to help deepen understanding of the opportunities and challenges in developing countries through his own writing, and through constant and proactive dialogue with journalists, investors and leaders.
  4. JamesIG
    Continuing our #IGCommodityChat and following our previous chat on gold, join us on Thursday the 29 November at 1pm (UK time) to discuss the future of the oil market with industry advisor Malcolm Graham-Wood and Spencer Welch, director of oil markets at IHS Markit.
    Submit your questions now or during the live show
    Use the comments section at the bottom of the blog (even if you're not an IG client or not logged in) and we'll put them to the panel. If there are any questions which we don't get to in the live show our senior sales traders will look to get you an answer and continue the discussion. We'll also look to answer questions posted here.
    UPDATE at 13.01: minor technical issues will cause a delay with the start of the stream. I will update when we're live. 
    UPDATE at 13.07: This is now live on the platform only. We'll push to Community afterwards. 
    UPDATE at 14.10: The live show is now accessible above.
    With so much uncertainty surrounding the future of the oil market, we’ll be taking a look at how the industry changes might influence the price of oil. You can watch the live stream at 1pm (UK time) via the trading platform.
  5. JamesIG
    New ESMA regulations coming into force for the EU region are set to standardise the way margin close out rules work for retail traders. On the IG trading platform the new margin close-out rules will come into effect from 1pm on Monday 30 July. Please find an overview of the new regulation and how this may effect your account. We've included a useful video and a worked example which may also help. 
    Please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification in the comments box.
     
    What is the new ESMA margin close out rule?
    Put simply, for all ESMA regions we will need to include running losses for limited risk positions when looking at the equity calculation. Let's look at a worked example. 
    Say you have £1200 cash on your IG account.  You place a FTSE trade with a guaranteed stop and it requires a margin of £1000.  If the market moves against you £200's worth you would then start to eat into your margin. If the market continues to move against you by a further £500 (i.e. 50% of the margin required to open your trade) your position would be closed. This is because 50% of your margin was used up, and your equity value was therefore £500 (half of the margin).  The new ESMA rules require us to close the position.  You would be left with £500 in your account.  Please remember if the market gaps over this level then there is no guarantee to close your trade at this exact 50% level. There is a 'negative balance protection' rule which will be in place from July 28th, however this applies to the account as a whole. There are a couple of other important things to note
    We will not be implementing 24 hour or weekend close out rules for ESMA retail clients.  This change will be made on  July 30 from 1pm and will be apply on an account level (both existing and new positions). You can still use running profits to cover margin on new positions. Positions which have guaranteed stops will be margined at the higher value; max risk on the trade or the underlying market margin rate.   
    What does this mean for me?
    "I currently have a limited risk account" - If you currently have a limited risk account (i.e. every time you open a new trade you have to have a guaranteed stop attached to your trade) then you may be at risk of having your positions closed out automatically. This will be the first time that previously 'limited risk' accounts could get closed out automatically. 
    "I currently have a regular account" - If you currently have a regular account (i.e. you don't need to apply a guaranteed stop to every position, however it is an option if you wish) then you may be at risk of having your positions closed due to the above change in close out rules. 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.
     
    What is 'margin'? 
    In trading, margin is the funds required to open and maintain a leveraged position. You can read more about margin via our glossary definition of what margin means on the IG platform. You can also have a once over of the below video. 
     
    If you have any queries or questions regarding the new ESMA regulations please add a comment below.
    Once again, please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification below.
    You may also find the following links useful.
    Compare our leverage offering Professional trading Best
    James
  6. JamesIG
    I just wanted to update all Community members to let them know that we have recently reduced the minimum bet sizes on some key indices, commodities, and FX markets. This has been done for both UK spread betting accounts and European CFD accounts. 
    What are the minimum bet sizes for indices, commodities and FX on IG?
    Correct as of 6th September 2018 but subject to change

     
    Continued feedback
    A key aim of Community is to keep a two way dialogue open between our client base and those on our trading services support team, core dealing and developer teams. The decision to reduce minimum bet sizes across these markets has in part been due to feedback received from a number of our clients and those on Community. A big thank you to those who have shared their thoughts on this over the last few weeks. 
    Please feel free to continue to add feedback and suggestions on Community at any point. If you have any feedback on this specific change please feel free to add it below. 
    All the best
    IG Community moderator team
  7. JamesIG
    Exploring base metal markets
    Join us on Thursday 6th December at 1pm for the final #IGCommodityChat, when we will be talking to economist Daniel Lacalle and mining analyst John Meyer about base metal markets. Put your questions to the experts as part of the live Q&A by using #IGCommodityChat using the comments section below. 
     
    Submit your questions now
    There will be a live Q&A during the session, so you can put forward any topics you want answered. Post your questions to the #IGCommodityChat using the comments section below, and check out one of the latest #IGChats we recently posted on oil and gold to get a flavour of what to expect. The show will be broadcast live from within the dealing platform as well as via a special YouTube link and on various social channels. 
    How political unrest impacts base metal supply What the effect of the US-China trade war has been on base metal prices How global growth (or a lack thereof) is impacting global demand The base metal mining stocks to watch
  8. JamesIG
    IG Product Update July 2018
    We recently made a post on Community showcasing a number of ways you can leave feedback and suggest improvements regarding our products and services. I wanted to follow up with our first ever ‘Product Update’ post so you can see some of the recent improvements we have made on the back of our continued two way communication which has helped IG become the global leader. 
     
    The recent updates include,
    Partially close positions via charts Market name watermarks for all charts New ether/bitcoin (ETH/BTC) crypto pair (and vote on which NEW crypto asset you are most interested in) Changes to weekend overnight funding An improved way to get in contact with Trading Services  
    Partially close positions via charts
    This brand new feature is now available on charts for both the web trading platform and on mobile. When ‘1-click dealing’ is not enabled you will be able to confirm whether or not you want to close the whole position, or to partially close via a pop up dialogue box. To use this functionality click 'close' (1) on the chart, change the 'Sell' value (for example in this screenshot you can change 4 to 2 to only close half the position), followed by 'Submit'. The window will show the ‘Closing P&L’ as well as the ‘Margin Returned’. 

     
    Market name watermarks for all charts
    To add clarity and ease of use it is now possible to display the name of the market in the background of the charts. This feature is disabled by default but can be activated from the “customise appearance” menu which is brought up by right clicking on the chart, ticking the “show watermark” checkbox, and clicking 'Apply'. Once activated every charts will start showing the market name. The watermark will also be displayed on the image produced using the “export chart” option.
    This should be an incredibly useful feature for those who have a number of charts open at the same time, as well as those who share their chart set ups online, with friends, and on IG Community.

     
    New ether/bitcoin cryptocurrency pair
    The ETH/BTC pair has been a tradable cryptocurrency asset on the IG platform for a couple of months and is calculated by taking the mid-price of ether and dividing it by the mid-price of bitcoin. We then adjust the decimal (in much the same way as we do for our FX pairs) to make the number easier to trade on the IG platform. A single point is anything to the left of the decimal.
    For example;
    Ether price:   440 USD
    Bitcoin price:   6150 USD
    ETH/BTC:   440 / 6150 = 0.07154
    IG platform price:   715.4
    One point means:   A price move from 715.4 up to 716.4 (or down to 714.4) would be one point.
     
    This is a great addition to our cryptocurrency offering as it gives a new way to gain exposure to the sometimes volatile market conditions of virtual currencies. Unlike trading other highly correlated cryptos, the ETHBTC pair gives a different trading opportunity which trend followers, technical analyst, and fundamental traders alike may enjoy. 
    We are also looking to our IG Community members and other IG clients to see which new crypto asset they are interested in (which IG doesn't currently offer). You can check out this poll to vote on which new crypto asset you are most interested in. Feel free to add comments and questions to the post if you would like to chat further. 

     
    Changes to weekend overnight funding
    We have also changed overnight funding on cryptocurrency positions held over the weekend. Previously, we were charging three nights funding on Wednesday to account for the weekend (in the same way as the majority of conventional FX pairs are calculated on a T+2 basis), but seeing as we offer these markets on Saturday and Sunday it is more appropriate to charge on a daily basis.
    We will also begin charging overnight funding for weekend index positions held through 10pm (UK time) Saturday and Sunday. The charges will be calculated in exactly the same way as our weekday indices. It’s also worth noting that anyone with AUD denominated contracts will be charged based on their positions at 10pm (UK time).
     
    An improved way to get in contact with Trading Services
    If you have ever had a query relating to your IG account, your trade activity, or the financial markets then it’s likely you’ve spoken to one of our Trading Services representatives. Over the last couple of years we have also rolled out IG Academy, a Help and Support Centre, and a new IG Community to better answer your questions.
    Recently we have rolled out a brand new ‘Contact Us’ page on IG.com. This page contains a web browser contact form which will automatically allocated your contact query to the correct department, increasing the speed of a resolution and reply.  
     
    I hope you find the above updates useful.
    You can find out how to submit feedback to IG here if you want to continue to help shape the future of IG.
    Any questions, just ask. 
     

  9. JamesIG
    What is the future of gold? 
    After the recent success of the #IGCryptoChat and #IGForexChat we'd love you to join us on Thursday 22 November at 1pm (UK time) to discuss the future of gold on our first in a three part series on commodities for our #IGCommodityChat. 
    We’re sitting down with professional investor Simon Popple and Ross Normal, CEO of Sharps Pixley, to discuss what the future might be for gold markets, and giving you the chance to ask him questions as part of a live Q&A.
    Gold discussion topics
    The discussion will cover a wide range of topics that relate to gold, including:
    Could companies halt operations if the cost of gold falls too low? How does a lack of new deposit discoveries impact the price of gold? Where is the demand for gold coming from? Why does the price of gold respond to market volatility? What is the relationship between gold and the US dollar? What are the gold stocks to watch at the moment?
  10. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th 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
    No special divs this week.
    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.
  11. JamesIG
    Poor EoY results helped  pushed the FTSE lower yesterday as miners sold off, whilst the White House threat for further Chinese tariffs had a negative impact on the S&P energy and industrial sector which also suffered. In the US the Fed decided to hold rates ahead of a likely September hike. Range remains in the 1.75 to 2 per cent channel. According to a US trade representative, the refusal of China to meet US demands, along with implementation of retaliatory tariffs on US goods, spurred the decision to increase the 10% tariff to 25% on $200bn worth of Chinese imports. After consecutive losses for the previous couple of days, oil prices rose over the last session as speculators look for a bounce.  BoE widely expected to raise interest rates today. If a hike is confirmed from Threadneedle Street later today, this would only be the second this decade. Video from IGTV talking about the banks interest rate rises is below. Asian overnight: Trade war concerns have come back into focus to see Asian markets on the decline once again. Losses in Asian equity markets are substantial with China's Shanghai Composite down over 2% on the day. Chinese and Hong Kong stocks were the big losers amid a sea of red overnight, as markets reacted to the potential of the US to raise a 25% tariff on $200 billion worth of Chinese imports. Recent tones of dissatisfaction from the Chinese over US blackmail seem to have a basis in this threat, and with the Chinese importing nowhere near $200 billion worth of US goods, this raises questions over what their response will be. The main data point overnight came from Australia, where a sharp rise in the trade balance surplus highlighted the sharp deterioration in imports (-1% from 3%) rather than anything major on the exports side (3% from 4%).
    UK, US and Europe: Looking ahead, the UK PMI focus continues, with the construction sector under the microscope in the morning. That UK theme continues at midday, with the Bank of England widely expected to raise rates for the first time this year. A relatively quiet US session means that there will be a greater focus on wider economic issues and corporate earnings reports. With Caterpillar, Apple, and Tesla all out of the way, today sees reports from the likes of GoPro, Kellogg, and AIG.
    South Africa: US Index futures are also lower but to a lesser extent, and in turn we are expecting a soft start on the Jse Top40 Index today. The dollar has firmed and precious metals remain at depressed prices. Base metals trade mixed this morning. BHP Billiton is down 3.3% in Australia suggestive of a weak start for local diversified resources. Tencent Holdings is down 3% in Asia suggestive of a soft start for major holding company Naspers. 
    Economic calendar - key events and forecast (times in BST)

    9.30am – UK construction PMI (July): expected to fall to 52.5 from 53.1. Market to watch: GBP crosses

    12pm – BoE rate decision: an increase in interest rates to 0.75% is possible, and would be expected, but given recent weakness in UK data the bank may yet demur once again. Markets to watch: FTSE 100/250, GBP crosses

    1.30pm – US initial jobless claims: expected to rise to 220k from 217k. Market to watch: USD crosses
    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Barclays saw their H1 profits whittled away amid huge litigation costs and settlements eroded what would have been a 20% rise in pre-tax profits for the firm. Instead, pre-tax profits fell to £1.6 billion, from £2.3 billion after a circa £2 billion pay-out, which includes a £1.4 billion settlement with the US DoJ. Looking behind those charges, the company saw a strong performance, with the UK arm raising pre-tax profits by 30%. Aviva reported a 2% fall in operating profits compared with last year, with the firm citing the impact of disposals, tough market conditions in Canada and higher weather related claims for the fall. Despite this, they expect to see these trends to reverse in H2, with the firm remaining on track to hit their 5% growth target for the year. Their EPS number came in above market estimates, with an operating EPS of 26.8p (vs 25.1p expected). The dividend was increased by 10% to 9.25p per share. Rolls-Royce expects their 2018 earnings results to come in towards the upper end of its guidance range, following a stronger than expected showing from their civil aerospace and power systems businesses. This comes despite a £554 million charge for issues relating to their Trent 1000 engine, which has been shrouded by issues over their durability. That figure will cover the Trent 1000 issues up until 2022. On the earnings side, the firm saw underlying revenues jump 14%, with underlying profits rising by £205 million, to £141 million. Liberty Holdings (SA) Interim results showed normalised headline earnings per share to have increased by 6%  Elementis upgraded to overweight at JPMorgan
    Asos rated new outperform at Wells Fargo
    Gamma Communications rated new buy at Citi
    Norma upgraded to buy at HSBC
    Macquarie upgrades AECI to outperform with a target price of 12800c
    Renaissance Capital upgrade  African Rainbow Mineralsto buy with a target price of 15000c
    Shell cut to equal-weight at Morgan Stanley
    Sodexo downgraded to market perform at Bernstein
    Subsea 7 downgraded to underperform at Macquarie
    WDP downgraded to neutral at Kempen & Co
     
    Featured Video
    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
    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.
    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. 
  13. JamesIG
    Trump tariffs now in effect, however markets have generally priced this in. Fed hints at last nights FOMC that it could raise rates twice more this year. Greenback gains removing some of the earlier gains from GBPUSD. Carney warns that Trumps trade tariffs could damage the global economy knocking up to 2.5 percentage points of global growth over three years, but has warned Trump that these tariffs will hurt the US the most. Carney still upbeat about UK growth. New figures show that UK high street retailers could suffer the ‘worst year on record’. Copper extends losses on worries about global growth. The metal, seen as a bellwether of economic health, has hit a fresh 11 month low in London's LME. This week alone the metal has shed nearly 5% which has put it on it's steepest weekly drop since mid November 2017. Asian overnight: Asian markets were in surprisingly positive mood overnight, as a dovish Fed meeting helped ease any fears over the ramp up in tariffs between the US and China today. The imposition of tariffs on $34 billion worth of goods in either direction have done little to market sentiment, with much of the implications seemingly priced in. However, we have since seen Donald Trump mention the possibility of adding another $300 billion on top of the $200 billion in goods already mentioned in the past. Markets are however gaining despite this trade war result, suggesting that perhaps the news has already been priced in. The rebound in global markets should be treated with caution as we await further retaliation from China and the suggested escalation from the US regarding this matter. Overnight data saw Japanese household spending fall, while average cash holding improved significantly.
    UK, US and Europe: A busy day for the US follows a relatively quiet economic calendar in Europe, with one of the main figures already released in the form of the German industrial production number (2.6% from -1.3%). The focus for most will be the US and Canadian jobs report, with markets set to see whether the headline NFP number will follow the ADP figure lower. With market expectations of a September already elevated, todays jobs figures will add another important piece of that puzzle for traders.
    South Africa: South Africa's local equity market is expected to initially follow gains in the US and Asia, although could trade tentatively into the US employment data releases this afternoon. South Africa's gold and foreign exchange reserves for June 2018 were reported to have been recorded at slightly lower levels than in the previous month. The rand has managed to claw back some strength today which is expected to aid gains in local banking and retail counters. BHP Billiton is trading 0.85% higher in Australia this morning suggestive of a positive start for local resource counters. Tencent Holdings is up 0.26% in Asia, suggestive of a marginally positive start for major holding company Naspers, although the stronger rand may temper some of these gains. 
    Economic calendar - key events and forecast (times in BST)

    1.30pm – US non-farm payrolls (June): payrolls expected to fall to 190K from 223K, while the unemployment rate holds at 3.8%. Average hourly earnings forecast to be 0.2% higher MoM, from 0.3%. Markets to watch: US indices, USD crosses

    1.30pm – Canada employment data (June): 17,500 jobs expected to have been created, from a 7500 fall in May. Unemployment rate to hold at 5.8%. Market to watch: CAD crosses

    3pm – Canada Ivey PMI (June, seasonally-adjusted): forecast to fall to 60.7 from 62.5. Market to watch: CAD crosses
    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Glencore, the copper, nickel and iron ore mining specialist, announced it will initiate a $1bn share buy back scheme.
    Stobart said that it had started the year ‘satisfactorily’, and has also announced a new five-year lease partnership with Ryanair. 
    Rolls-Royce has sold its commercial marine business to Norwegian firm Kongsberg for £500 million. 
    Eurazeo upgraded to buy at HSBC
    ITV upgraded to buy at SocGen
    Petra Diamonds raised to buy at Panmure Gordon & Co
    Shell upgraded to buy at DZ Bank
    Daily Mail downgraded to sell at SocGen
    Direct Line cut to equal-weight at Barclays
    Esure downgraded to underweight at Barclays
    Pearson downgraded to hold at SocGen
    Featured Video from IGTV
    Please note: This information has been prpared 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.
  14. JamesIG
    A trading forum and help and support network for IG clients
    The new IG Community has been live for a few weeks now and I just wanted to update all Community members on a couple of things, including a showcase of a brand new promotional video. This should be useful for those who haven't used Community before but what to know more - it's well worth a watch.
    If you have any comments or questions regarding the new forum please let us know in the Comments section below. We're always looking to improve our offering based on what traders want - so give us a shout!
     

    New features this month
    Guests can now post without necessarily needing to be logged into Community. We want to make sure that all content is still relevant and interesting, so all guest posts will have to be approved by a moderator before being publicly visible. We want to make sure that quality over quantity remains, however the recent trial seems to have gone well and the Community is getting more relevant posts to add to discussion. If anyone has any opinion on this we'd love to hear from you so please feel free to add a comment below.  We recently had a trial of the new 'poll' feature on a post relating to new cryptocurrencies. You can read that article on which crypto your most interested in here. Currently only moderators can post polls, however if you as a client would like to have this function, let us know! We're interested in who would use it.   We're now in the top navigation bar on IG.com - it may not sound like a big change, but it allows you to get to the forum very quickly from anywhere on the IG.com environment (look for the global black navigation bar at the top). We're also looking at inclusion in MyIG - that should be live shortly.  Finally, we have some stats for you which you may find interesting.   

     
    What is IG Community?
    This purpose of this forum is for like-minded clients to share trade ideas and discuss market opportunities, ask questions, and provide help and support to others.
    Learn strategies and trade ideas from experienced traders Give tips to the Community and share your market knowledge Perfect your trading by discussing ideas with others Get the most out of IG and ask the Community anything regarding trading or IG Anyone can browse the trading forum, but you will need to have an IG account to post or interact on Community and have your content published immediately. If you're new to the forumand looking for a first step maybe check out the forum, or have a once over of our Community tutorials. 
     
    We migrated the old forum (and added some new features)
    We have migrated over all the posts, likes, 'kudos' and private messages from the previous version of the forum, as well as integrated the Community login with the wider IG eco system so you can enjoy a seamless digital experience between the trading platform and forum. You should be able to see all your previously posted content under the same Community username as you originally had on the previous iteration. 
    New content areas...
    Blogs: We have three blogs which we will be updated periodically.  Market News - Daily morning briefings, index dividend adjustments, and one off articles IG Product Updates - A place to let you know about all the things we roll out IG Community Blog - Competitions, 'Ask the Expert' series, and Community updates ...and a few new features.
    Activity streams: If you're logged in you'll notice you can easily browse things such as 'unread' or 'followed' content. You can save individual search streams so they're available for the next time you log in  Advanced search: An updated and intuitive search functionality Leaderboard: The Leaderboard keeps track of the hottest content and best users each day based on reputation received. You'll increase your chances of getting on here if you post more, receive more likes, and help others Community Profile: Your space in Community. Check yours out by clicking on your username in the top right hand corner (logged in users only).  
    Access IG Community - anytime, anywhere
    IG Community will be up 24 hours a day, 7 days a week. The easiest way to access IG Community is using the top right hand 'Help' drop down in the dealing platform, but you can also access via our mobile apps (look under the help and support section - try it now), or by simply going to community.ig.com. What do you like? What would you change if you had the chance? What new areas would you like to see? Let us know using the comments section below. 
     
    Happy chatting
    IG Community Moderator Team
  15. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 Aug 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 
    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.
  16. JamesIG
    The IG web trading platform has several alert functions which can be used to notify you of potential trading opportunities and market volatility.
    We have different alerts for all types of traders, from the technical analyst to the long-term investor. Before we get into the different alert types it’s worth making sure your Notification Preferences on MyIG are set up correctly and notifications are turned on within your mobile settings area. The blog article on the right may be of help if you would like a walk through of turning on notifications.
     
    Setting up Price Change alerts
    A Price Change alert will notify you of either a percentage move or a points-based movement over a set time frame. These alerts are great for applying to assets in your open positions window, as well as markets you are looking to trade on.
    Percentage or points-based movement Variable time frame of 5 minutes, 1 hour or 1 day Add a message if you wish These will continually trigger until you remove them from the ‘Alerts’ fly out on the left-hand side. Therefore, if you set up an alert to be notified if Spot Gold moves by 1% in a day, and there are three days’ worth of 1% movements back to back, you’ll be alerted for each of these moves. Price Change alert ideas
    Set up a Price Change alert for a 2% move in a day for a major index such as the S&P or Wall Street. This sort of move in a single day would probably suggest a key market event has happened. Set up a Price Change alert for an x% move in a stock you have on your watch list. Maybe a significant move would present a swing trade opportunity.  
     
    Setting up Price Level alerts
    A Price Level alert will notify you when a specific price point has been breached by the market. You can be notified if either the buy or sell price passes your desired threshold.
    Be alerted to a specific price movement, e.g. If the buy price of gold reaches 1290 Add a short message if you wish These are only triggered once Price Level alert ideas
    Set a Price Level alert on the VIX Volatility Index if the price reaches 17, 20, and 25. A VIX movement above 20 generally suggests market volatility and potentially opportunity to trade. Historically the median of the VIX is around 17, and anything below this suggests markets are likely to be a little flat. Setting up support and resistance levels but want to re-evaluate the markets when those price points are reached? Use a Price Level alert.  
    Setting up Indicator alerts
    You can set up indicator alerts from the dealing platform under the alerts tab. You need to pick a resolution and price for the alert to look at, and then you can start adding indicators.
    Use indicator alerts to be notified of your criteria being hit from your technical analysis Choose to be alerted once, or multiple times Add up to 4 indicators from a choice of 11 to the same alert Add indicators on the charts by right clicking to get a rough idea of when/if your alert will trigger. Indicator alert ideas
    These alerts can be as simple or as complicated as you like. You can find a lot of information on technical analysis on IG.com, YouTube, or by searching for strategies related to ‘x’ indicator. For example;
    A crossover strategy: when two moving averages cross, for example the short term 50 MA moving above the 200 MA, it may indicate an upward price trend.  

     
    Setting up macroeconomic alerts from the Economic Calendar
    You can access IGs Economic Calendar from within the dealing platform down the left hand fly out. Once the calendar has opened in a new tab select the date and use the ‘check’ tick column if you want to be notified about an event. Clicking the cog at the top of the column allows you to set the specific notification preferences for these alerts (for example, notify before or after the event, and how you want to be notified).
    Try it out by searching for the next Non-Farm Payroll (NFP) figure and set the alert to be notified 15 minutes before the event, as well as on the event. You should receive a notification with expectations, along with the actual results afterwards.

     
  17. JamesIG
    David Davis resigns from his poll position as Brexit secretary. Sterling feels the pinch.   Global equity markets rally on US jobs relief, whilst dollar falters.  Balanced U.S. jobs data suggest Fed can stay gradual on hikes  Oil inches up whilst gold gains on the weaker dollar. NYSE technology chief has jumped ship to join the Winklevoss ‘bitcoin billionaires’ cryptocurrency venture as their first CTO for Gemini. Asian overnight: Asian markets have seen substantial gains overnight, as we see a continued feedback from Friday’s strong US jobs data and easing fears over the US - China trade war. The US non-farm jobs report alluded to an improving labour market with 213 000 people being added t the payroll last month, where expectation was for 195000 people to have been added. The dollar has softened somewhat lifting commodity prices, in particular that of precious metals.
    UK, US and Europe: The overnight resignation of UK Brexit Secretary David Davis had added a focus onto the pound, with the weekend gap higher erased as markets seek to find answers of what this means for negotiations with the EU. British Chambers of Commerce believe forward looking indicators predicting the growth of the economy are not strong enough to warrant a rate rise at the next MPC meeting on August 2nd. A poll conducted by the group reviewed more than 6000 firms from the UK.
    The economic calendar looks relatively quiet for the day ahead, and that bullish theme overnight seems likely to carry through into European trade. Look out for appearances from ECB governor Mario Draghi, alongside BoE member Broadbent. 
    South Africa:  The rand has managed to claw back some of its recent losses, as outflows from emerging markets halt for the time being. We are expecting broad-based gains on the JSe initially, with a stronger rand aiding a rebound in local banking and retail counters. BHP Billiton is up 2% in Australia suggestive of a positive start for resource counters. Tencent Holdings is up 2.53% suggestive of a positive start for local holding company Naspers.   
    Company earnings: Pepsi will report second quarter results tomorrow, whilst fashion house Burberry and America's Delta Airlines will follow on Wednesday and Thursday respectively. We also see big banknames Wells Fargo, JP Morgan Chase and Citigroup finish the week on Friday.
    Economic calendar - key events and forecast (times in BST)

    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Centamin said that gold production fell 25% in Q2, due to low metal grades at its Egypt mine. Production was expected to be 505,000 to 515,000 ounces for the full year. 
    Purplebricks has completed the acquisition of Canadian estate agency Duproprio/Comfree, for £29.3 million.
    Murray & Roberts Holdings (SA) - Shareholders are referred to the announcement released on SENS today by Aveng regarding a notification received from ATON on Thursday, 5 July 2018, indicating that ATON and its wholly owned subsidiary ATON Austria Holdings GmbH, have in aggregate, acquired an interest in the ordinary shares of Aveng, such that the total interest in the ordinary shares of Aveng now amounts to 25.42% of the total issued ordinary shares of
    Aveng. 
    Beazley upgraded to top pick at RBC
    G4S upgraded to top pick at RBC
    Meggitt upgraded to buy at Berenberg
    TalkTalk upgraded to neutral at JPMorgan
    UBS upgrade Barclays Africa from sell to neutral with a target price of 19700c
    Nedbank Limited’s (SA) national scale rating was upgraded to ‘zaAA+’ from ‘zaAA’ by S&P
    Hargreaves Lansdown cut to underweight at JPMorgan
    Virgin Money cut to equal-weight at Barclays
    Featured Video from IGTV
    Please note: This information has been prpared 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.
  18. JamesIG
    The Trump house looks to impose 10% tariffs on $200 bln of Chinese goods. Shanghai and Hong Kong equity markets drag down the wider overnight Asian session. The bidding war on Sky continues with Murdoch's Fox offering £14/share beating Comcasts previous £12.50. Copper and zinc slide to 1-year low, oil also sharply lower on trade war fears. Asian overnight: Asian markets were back in the red overnight, as Donald Trump has once again ramped up trade war fears, driving away any optimism built in recent days. With Trump starting the process that will ultimately lead to the imposition of tariffs on $200 billion worth of Chinese goods, there is reason to believe we are entering the next stage of the trade war between the two countries. Unsurprisingly we have seen losses across the board overnight, with the heaviest falls centred upon the Chinese and Hong Kong markets. US and European futures are trading lower this morning as well.
    UK, US and Europe: Looking ahead, central banks are in focus, with appearances from ECB and BoE governors Mario Draghi and Mark Carney. The big event of the day comes in the form of the Bank of Canada rate decision, where the committee is expected to push interest rates higher for the first time in 2018. Also keep an eye out for US PPI, and crude oil inventories data.
    South Africa: We are expecting a softer open on the local SA index as the trade war narrative see's escalation once again. We have seen some strength returning to the dollar and in turn mostly weaker commodity prices and a softer rand. Tencent is trading 2.3% lower in Asia this morning, suggestive of a similar start for major holding company Naspers. BHP Billiton is trading 1.3% lower in Australia, suggestive of an initial decline for local resource counters. A softer rand is expected to continue to weigh on financial counters as well as local retail counters. 
    Economic calendar - key events and forecast (times in BST)

    1.30pm – US PPI (June): forecast to be 0.1% from 0.5% MoM, while core PPI falls to 0.2% from 0.3%. Market to watch: USD crosses
    3pm – Bank of Canada rate decision: rates expected to remain at 1.25%. Market to watch: CAD crosses
    3.30pm – US EIA crude inventories (w/e 6 July): stockpiles expected to fall by 230,000 barrels from a 1.5 million barrel drop a week earlier. Markets to watch: Brent, WTI
    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Sky has agreed new terms for its takeover by 21st Century Fox, with the US firm offering £14 per share, up from the previous £10.75 per share.  
    Burberry reported a 3% rise in like-for-like sales for Q1, and there was no change to full year guidance. 
    Indivior said that guidance for its financial year was ‘no longer valid’, as a rival generic product in the US has a major impact on operations. The revenue impact could be $25 million for 2018. 
    Barratt Developments expects record profit for the year, bolstered by Help to Buy. Pre-tax profits are expected to be £835 million, from £765.1 million a year ago. The firm completed 17,579 homes, compared to 17,395 last year, while the number of plots sold was up 4%. 
    Coca-Cola HBC upgraded to buy at Jefferies
    Drax upgraded to outperform at Macquarie
    LPKF upgraded to buy at HSBC
    HSBC upgraded to overweight at JPMorgan
    UBS upgrade Barclays Africa from sell to neutral with a target price of 19700c
    BHP downgraded to hold at Renaissance Capital
    CYBG downgraded to underperform at KBW
    Trelleborg downgraded to hold at SEB Equities
    Virgin Money downgraded to market perform at KBW
    Featured Video from IGTV
    Please note: This information has been prpared 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.
  19. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30 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 RUSSELL MC US 01/08/2018 Special Div 1.5 RUSSELL JBSS US 02/08/2018 Special Div 2 RUSSELL UFCS US 02/08/2018 Special Div 3 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.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.

  20. JamesIG
    Tuesday the 15th will see a UK Parliamentary vote in the Commons regarding Brexit. There is considerable uncertainty surrounding the vote, however one thing is known: this could make or break Theresa May's Brexit deal. The political uncertainty has flowed over into the financial markets with a number of assets seeing significant volatility. A ratified deal is likely to display stability and confidence resulting in a strengthening GBP, and possibly a short term boost to British stock prices and indices such as the mid-cap FTSE 250. On the other hand, a rejected deal and an increase in uncertainty could signpost a bearish movement. 
     
    We have a live #IGBrexitChat on Wednesday 16th at 13:00 GMT
    IG’s Jeremy Naylor will be live in the studio with Alexandra Kellert from Control Risks and Peter Dixon from Commerzbank AG to analyse the possible effects on the markets. Ahead of the chat, he’ll also be speaking with Ben Habib from First Property Group, and the highlights from that interview will be played during the show.
     
    Submit your questions now
    A key talking point throughout the #IGBrexitChat will be the effect on the markets and how to uncover any trade ideas. We want your questions! Simply submit your questions using the comments section below, either before the chat or over the live show (we'll monitor IG Community and make sure we put your questions to the panel). Add your questions to some of the key areas we'll be covering such as...
    Which markets should you be watching? What direction is EUR/GBP likely to move in? What are the possible effects on the FTSE 100? How can you capitalise on market volatility following the vote? How will the EU react? (The video player below will auto configure 5 minutes before the live show at 13:00 on the 16th Jan)
     
     
    How do I view IGTV live in the platform?
    You can watch the broadcast above, however if you would like to watch in your dealing platform so you can watch the markets throughout the show...
    Click on the top right hand 'notifications' tab Click the IGTV prompt which will go live 5 minutes before the show Move the IGTV player anywhere in your workspace. If you already have the player open the show will start automatically. 
  21. JamesIG
    Why your feedback matters
    Here at IG we want to make sure your suggestions help shape our direction and future. We appreciate that the best businesses are built around two-way communication with clients. That's why we provide a number of different ways for clients to quickly and easily talk to us. There is nothing worse than submitting feedback and feeling like your comments and suggestions have been jettisoned into the void of some unread inbox.
    We want to take this opportunity to lay out how you can easily submit feedback, a few things we do on a daily basis with those communications, and finally a few recent instances of how we're reacted to things our clients have told us. 
     
    How to submit feedback to IG
    Dealing Platform: If you're logged into the platform you'll notice a 'quick feedback' option in the top right hand corner under 'Help'. When you submit your comments our systems will automatically book that against your account and file it in a report which we periodically collate and send to the relevant parties. 
    Community: One of the easiest ways to submit feedback is via the IG Community. If you head over to the forums page you'll notice a 'Suggestions' section where you can have a search to see if your idea has been submitted before. If it hasn't you can simply start a new topic, pop in your request, and post it publically on Community.
    The best thing about this being public is that if other clients are also looking for the same thing, they can up vote your suggestion or add a comment. The more clients that want something, the higher the likelihood of it happening. Reports will be collated and passed to the relevant teams. 
    Direct Message: While the methods described above are generally easier, you may sometimes want to send us a direct message. You can check out our Contact Us page to send a message via a browser contact form.
     
    A few things we do with your feedback
    Daily feedback reports: When a feedback item comes into our client facing trading services team we first see if any immediate action is required (e.g. if there is an easy resolution or different way to get the same desired result). We then tag the contact with a 'feedback' tag. All items tagged in this way are collated daily and sent to the appropriate business owners. Staff with various specialisms, from those who deal with user experience to our charting developers and data scientists, receive these reports. 
    Steering committees: Client feedback is also fed directly back to the appropriate areas within the business via meetings set up to decide the rollout roadmap for specific products. We also regularly meet with third party vendors such as Pro Real Time or Signal providers to discuss feedback points and figure out how to resolve any client pain points. 
    Client communication meetings: Every couple of weeks our communication teams meet with client-facing managers. Both trading services and our dealing desk give an update regarding inbound contacts and the wider market movements, and any client feedback (direct or implied) is discussed. 
     
    Examples of recent changes due to client feedback
    All-sessions chart data: A pain point for clients was the bad spikes on all session pre-market data for big stocks like Apple, Amazon etc. A working group including representatives from the shares desk, our trading services technical support team, and pricing, implemented some solutions to filter the bad data, and correct historical data.
    Almost all chart updates on the new platform: The charts roadmap is strongly influenced by client feedback. Things like customisable colours, new drawings, extra Fibonacci levels, and features like the dark theme, have all been implemented thanks to feedback from our clients.
    PRT Wizards: We get a lot of clients telling us that using Pro Real Time for the first time can be quite difficult because of the flexibility, complexity, and customisation options of the charts. Pro Real Time has now implemented walkthrough wizards to guide clients through using PRT for the first time (and for specific features like customising deal templates). 
     
    Keep an eye out for product updates
    Not every suggestion we receive can be implemented as we need to balance the business roadmap with client feedback and requests, but every feedback item will be documented and reviewed by the appropriate team.
    We also have a brand new 'Products Update' blog on Community where we will be updating all clients on recent rollouts and additions to the IG platform. Some of these changes will be implemented as a direct result of your feedback, so please make sure you keep your comments coming using the above methods. 
     
    All the best
    IG Community Moderator Team
     
  22. JamesIG
    If you like to change between different intervals on the IG desktop charts (from 1 minute candlesticks to 5 or 10 minute candles, or to hours, days or months) then we've just made it easier with keyboard shortcuts. Whilst on a chart you can type any number from 1 to 5 on your keyboard to bring up a small 'interval' dialogue box, confirm your choice, and hit enter. For example:
    1 minute intervals: type 1 then enter
    5 minute intervals: type 5 then enter
    1 hour intervals: type 1 h then enter
    2 hour intervals: type 2 h then enter
    1 week intervals: type 1 w then enter

    See crosshair data on future dates
    You can now place your cursor/crosshair on a future date and see the level and time/date where you are positioned. Whilst this is a very minor update which could be seen as a trivial feature, it can  become quite handy if you're looking at a trend and want to know exact levels and the time they will be reached. Simply position your cursor in the future and you’ll see the corresponding information straight away.
    If you have any questions or feedback on this, please feel free to share in the Comment section below. 
  23. JamesIG
    European shares seen opening slightly higher Interest rates and details of asset purchases by the ECB remain unchanged after yesterdays meeting. No mention of protectionist policy or further details on the supposed resolution of aluminium and steel tariffs were given by Draghi. Prescription cannabis for medical use is now legal in the UK after a reclassification of the drug. Amazon smash forecasts of $2.54 EPS with a healthy $5.07 for their end of years. Sky broadcaster and broadband provider profits are soaring amidst the Comcast and 21st Century Fox bidding war. Copper is looking to gain this week for the first time in seven. After three days worth of gains oil slipped on a quieter trading day, however the black gold remains supported by Saudi transport disruption. Asian overnight: A somewhat steady, if indecisive session overnight saw moderate gains across the Japanese and Australian indices, while Chinese and Hong Kong markets drifted lower throughout the session. Asian markets are trading marginally lower this morning although the Australian All Ordinaries is up nearly 1%. Yesterday’s Facebook driven losses on the Nasdaq had a limited impact on tech shares in Asia, with Hong Kong the only market to see downside for their tech sector. On the data front, Japanese Tokyo core CPI rose to 0.8% (from 0.7%), in a welcome continuation of the rare rise seen last month.
     
    UK, US and Europe:  US Index Futures are staging a partial rebound this morning after yesterday's Nasdaq led decline following worse than expected results from Facebook.  The dollar has softened overnight and in turn we have seen some marginal gains in commodity prices. Looking ahead, a quiet day from Europe means the focus will be firmly fixed on the US GDP figure, which is expected to rise sharply to over 4%. Trump’s excitement at the ‘best financial numbers on the planet’ could possibly be another lead on the potential release, given his announcement about “looking forward to the jobs numbers” on the day of a massive NFP outperformance back in June.
    The corporate calendar remains busy, with Twitter earnings maintaining the focus on tech stocks today. Meanwhile, we also have the likes of Exxon Mobil, Chevron, Colgate, Merck, and American Airlines numbers to look out for.
    South Africa: The rand is slightly firmer against the majors. BHP Billiton is up 2.2% in Australia, suggestive of a positive start for local diversified miners. Tencent Holdings is down 0.75% in Asia, suggestive of a similar start for major holding company Naspers. Markets are expected to trade cautiously into this afternoons US GDP data release where consensus estimates predict an economic expansion of more than 4% q/q in the worlds largest economy. 
    Economic calendar - key events and forecast (times in BST)

    1.30pm – US GDP (Q2, first reading): growth forecast to be 2.1% QoQ. Markets to watch: US indices, USD crosses
    3pm – US Michigan confidence index (July, final): forecast to fall to 97.1 from 98.2. Markets to watch: US indices, USD crosses
    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Reckitt Benckiser saw an outperformance in its infant formula business, with a 7% rise in sales for that segment helping drive a 4% increase in like-for-like sales for the business as a whole over the second quarter. It was that bullish development in their infant formula business, particularly in China, which helped raise their full-year sales outlook. Pearson are on track to return the business to profitability this year, after a rise in demand in US and online helped deliver an outperformance for what is traditionally a quiet first half of the year. The second half of the year is usually where the company makes the bulk of its profits, and with first-half adjusted operating profit of £107m, this was well ahead of the £85m expected. BT Group saw a 1% rise in core earnings for the first quarter, thanks largely to cost savings, and strong business in its EE mobile unit. However, the firm also saw underlying revenue down 2%, which fell in line with market expectations. Rightmove saw pre-tax profit rise 12% in the six months to June, with revenue up 10% as their revenue per advertiser rose to £987, from £911. The number of agents using the platform remained largely flat despite housing market struggles, helping enable a 14% rise in their interim dividend, to 25p a share. Oando Plc  Interim results showed turnover increased by 11%, N297.3 billion compared to N267.0 billion (H1 2017). Gross Profit increased by 53%, N51.0 billion compared to N33.4 billion (H1 2017).  Royal Bafokeng Platinum anticipates a loss per share ("LPS") for the six months ended 30 June 2018, of between 13.5 cents and 10.5 cents (representing an improvement of between 10% and 30%), compared to a LPS of 15 cents for the previous corresponding period (the six months ended (30 June 2017). A headline loss per share (“HLPS”) of between 7.5 cents and 4.5 cents (representing an improvement of between 51% and 70.6%) is anticipated, compared to a HLPS of 15.3 cents for the previous corresponding period.  William Hill Upgraded to Hold at Peel Hunt
    Tekmar Group Rated New Buy at Berenberg
    NCC Upgraded to Buy at Berenberg
    Rosneft GDRs Upgraded to Buy at Goldman
    Amerisur Resources Cut to Sector Perform at RBC
    Inchcape Downgraded to Hold at HSBC
    SSE Downgraded to Hold at HSBC
    Ebro Foods Downgraded to Neutral at Haitong
     
    Featured Video
     
    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.
  24. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6 Aug 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 
    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.
  25. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 07 Jan 2019. 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 Divs are highlighted in orange.
     
    Special dividends this week
    Index
    Bloomberg Code
    Effective Date
    Summary
    Dividend Amount
    UKX
    BHP LN
    10.01.19
    Special Div
    1.02
    UKX
    IHG LN
    14.01.19
    Special Div
    2.621
    AS51
    BHP AU
    10.01.19
    Special Div
    145.7143
    TOP40
    BHP SJ
    09.01.19
    Special Div
    102
    RTY
    GBCI US
    07.01.19
    Special Div
    30
    RTY
    ETH US
    09.01.19
    Special Div
    100
    RTY
    BKE US
    10.01.19
    Special Div
    100
    RTY
    AJX US
    14.01.19
    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 affected, 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.
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