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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
Stef
Hi All,
Some ideas for bettering the automated trading functionality in PRT...
1) Colour-coding trading sytems
When running/testing multiple trading systems at the same time, it becomes difficult to distinguish between positions opened by their respective systems, as can be seen in the image below, especially if the systems are variations of one another and open positions at the same levels (or levels close to one another).
My suggestion would be to have a colour-coding scheme (or numbering system) for the positions in the running systems overview window and for the positions displayed on the charts.
2) Toggle positions displays:
Related to 1 above, where multiple positions are open, would be the ability to toggle positions displays on/off - to only display on the timeframe that they were opened on (or to display on all timeframes). Reason behind this, if you are running/testing strategies on different timeframes, it would be a lot simpler to only view the blue position line and accompanying information on the timeframe the postion was opened on. This way, you would be able to better tweak opening and closing conditions for different timeframes. At the moment, for example, all positions are displayed on all timeframes, so, a position that gets opened on a 15-minute chart (15 minute system) will show up on your 1 hour and 5 minute charts also - making the display cluttered and confusing. And no, until the backtesting module is fixed/changed to behave the same as the ProOrder system, Probacktest is not the answer.
Some variations:
- Ability to toggle the display for all charts from the trading system overview window. In addition to the above, or as an alternative. As an addition would be better, so that you can still "switch off" the display of certain systems that you are currently not looking at. Or at least be able to dim them - if it is a concern that people might lose sight of/forget about their open positions - more of a problem in a live environment as opposed to a test one.
- Displaying positions opened on different timeframes in different colours. For instance, displaying all positions opened on a 5 minute chart in one colour, and displaying all positions opened on an hour chart in a different one. When you're trading strategies over different timeframes, this would be a lot better for keeping track of your positions. Curently this is confusing. This would solve the problem of trying to figure out why a postion was opened/event was triggered at a specific level/condition on a chart, only to realise that you are looking at the position on the wrong (different) timeframe chart.
3) Realtime export - running systems information
The ability to export (via DDE or other method) realtime information about running systems to Excel. This way, you would be able to compare systems over time, by say populating excel tables at set intervals. It would also be easy to compare systems (or variations of systems) in realtime - WRT drawdown, profit, etc., in order to help you decide which systems are performing better than others.
This type of functionality (to compare systems) can also be built into PRT, but I guess this will take too long to implement. I am happy to do whatever I want (or need) in Excel, if this information is available as an export.
That's all for now!
Regards
Stef
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