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Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame. -
US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy. The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish? Apr 28, 2022 | DailyFX Nick Cawley, Strategist
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While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.
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Question
Hussaruk
Hi all,
I have just come over from Trading 212 where I could open a CFD on shares...Boeing in the case of my example here and closed it a few minutes later with a small loss or profit and I would have just paid the spread etc. Is it different here?
I just opened a test CFD on two Boeing shares just to see how it all works, and was willing to lose the few pounds if it went the wrong way. Having closed it on a very small profit (I asked if scalping was okay here and they said yes - just this morning on this forum) I discovered two charges, one for £11.94 and one for £11.93.
I'm assuming they are some sort of charge because I opened a CFD on a share. One for opening and one for closing? Can somebody help me out, and tell me if I'll have this charge every time I open a CFD? I came from Trading 212 because of the lack of instruments, but these charges have made me quite nervous about keeping my account.
I only wanted to make or lose a few quid on short term CFDs until I gain experience. Will I be charged this for a five minute short term CFD on Forex or commodities, too? Would spread betting be better for what I want to do, and are there 'hidden' charges there?
I reiterate...I don't want to keep any position open for any length of time or risk big money until I have more experience.
Many thanks, and I know the blame for my unexpected loss lies with me for not reading costs etc.
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