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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
EA-trader
Automation is the future, wall street is also going to shed jobs, in favor of automation.Manual trading is difficult and not easy to master, despite having all the knowledge.this is where automation helps.
https://www.bloomberg.com/graphics/2017-wall-street-robots/
A lot of analysis and reports can be done on mt4 .All these analysis required on the following thread can be done on MT4.
https://community.ig.com/t5/IG-Trading-Support-and/Who-would-like-a-trade-analysis-tool/m-p/25143#M821
A coder can do this job for IG under $500. maybe less than $250.This thread is not to comment on the other thread.
Indicators are analysis tools ,they give traders buy sell analysis information, before entering a trade.There are many mt4 indicators that are far superior to the free indicators, many give pin point accuracy and entry signals.Custom price action indicators ,like raw price action indicators give instant analysis of price action, there are many other custom indicators which can be also useful.These provide useful and accurate analysis.
Expert advisors are also very useful, they keep a lot records of losses,profits and trades history.Expert advisors will automatically trade and place bets on MT4, automated gambling by a software bot. Expert advisors can be profitable ,if created by the traders who know about profitable trading ,unfortunately most expert advisors are created by the blind leading the blind i.e. internet marketeers ,amateurs and learners.Providing expert advisors is definitely the future,for brokers who want to increase long term retainable profitable clients and also increase spread income.
The cost of all these gadgets to traders can be a few thousand pounds, it would be enormously beneficial to traders.Traders would trade more and lose less,if they used expert advisors.
I am showing you my trademanager Expert advisor ,that I use for managing trades on MT4 at IG.This is the trade manager EA only used for managing trades.All I do is place the trade manually, trade manager ea will do the rest.
This trade manager costs $500 to design ,test and code.It can be coded for a $100 dollars privately by a coder.If a broker was to give out a trade manager to many clients, i.e thousands of clients , the cost is only $50 cents per 1,000 clients or 5 cents per 10,000 clients..It will be very useful to many customers, I am sure spread income for the broker would increase.I simply place a trade manually and the trade manager ,manages the entire trade.
There are almost 20 different expert advisors ,these use different systems . they would not cost more than $10,000 for a broker to give away, all these expenses are worth the money, because it will surely increase customers,spread income and long term clients.
How many of you would like free custom indicators, trade manager EA to manage trade and other expert advisors?Should the broker provide these , or should traders have them made at MQL4?I have all these automated tools for fully automated trading, so I do not need these tools from a broker.
[Mod edit - please refrain from posting this link to a market place again]
Edited grammar
trademanager Expert advisor settings below
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