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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
ThirdTimesACharm
Hi everyone, let me cut to the chase.
*Removed upon request*
If you could help with any of my questions below, I'd be very grateful:
General
Q1) What books would you recommend to get better at trading CFDs?
Q2) What books would you recommend to learn about Futures?
Q3) What books would you recommend to understand the Commodities markets?
Underlying assets
Q4a) What is the underlying asset the Natural Gas price is derived from (my best guess is Henry Hub on CME)?
Being an amateur I was not aware there are multiple gas trading hubs with vastly different exposure to world events. Not knowing this certainly contributed to my failings.
Q4b) More generally, is there a list somewhere or a method to determine the asset and market behind any given CFD product on IG?
Q5) What is the underlying asset behind the UK Natural Gas product? My guess is NBP on ICE but the liquidity is extremely low.
Market data
Q6) Does IG provide paid access to real-time quotes (Level 1) and market depth (Level 2) data for futures on commodity markets like CME or NYMEX? Because these are not listed anywhere in the Data Feeds section in Settings.
Q7) Naturally, the above makes me wonder, is pricing (bid/ask) data delayed by 10 minutes (let's call it Level 0) or is it real-time?
Q8) Does "Data is indicative" disclaimer (displayed in the bottom left corner on each chart) mean the charts can be vastly off the actual market data? Is there some sort of error rate or accuracy level that IG can guarantee?
Feel free to offer other advice as well if you wish. I appreciate it.
Thank you in advance and have a wonderful day.
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