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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.
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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
Tipper258
Issue 1. The API does not behave as documented
The streaming API does not behave like the documentation, it never raises a WOU, always an OPU and it can have 2 different bodies. You have to inspect the body for presence of certain properties to determine what type of message it is. No biggie, can work round this once figured out this is what happens in both demo and live spread bet accounts.
Issue 2. forceOpen behaviour
Having used IG for many years, I'm very familiar with the web platform behaviour of forceOpen. Set it to true and your working order doesn't impact existing orders when the order executes. Set it to false and the order will apply to any open position in the same epic, quite how it decides which position to impact if you have multiple open is unknown.
In the REST API, the documentation says the default for forceOpen is true for working orders. Certainly if I try to set it to true I get a 400 with invalid.forceOpen error. If I don't set it, when the order is executed it behaves as if it were set to false and closes open positions which is rather unhelpful for the strategy.
When using the API companion, and I paste in the exact request body, with forceOpen set to true, it doesn't complain, off it goes and creates a working order. Mind you it returns the dealRef I specified but doesn't create the order with the dealRef which I guess is an implementation 'thing' with the companion, but then again that says maybe it actually strip out the forceOpen true before making the real API call too? Hard to know, or have confidence it's a true reflection of the real call.
This one I can't test in live, it costs real money with this behaviour, I'm unable to create a working order with forceOpen set to true, and the behaviour without it is as per false, despite the documentation saying it's true. I can't find a workaround.
How do I get support on this from IG, and bugs fixed or ultimately debug how this is my problem? Having been a developer for way too many years I'm conscious you can be very confident in your code only to find out you did get something wrong. For me the code works perfectly, a fairly complex strategy, until I add in the "forceOpen": "true" and get the 400.
Or is this 'just how it is' with the IG API? Thanks!
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