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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
efitz
I have had serious problems with my account. After IG platforms crashed on Thursday I had a short position on the Dow that I wanted to close on Thursday night but the platform was telling me that the position didn't exist anymore and the margin had disappeared. I called the help desk and spoke to Tom in London who told me the position would be cancelled at the opening price when the system would let him. He also said he would confirm this by email. He didn't! I then called on Friday morning as I was worried about this not being rectified and after a long wait eventually spoke to the Singapore office who reiterated that the position would be closed at the opening price as he saw the notes on my account. I logged in on Saturday morning and I was pleased to see the position had disappeared completely and I thought this was the end of the matter, however I logged on Saturday evening to see the position has reappeared and showing an even larger lose and a margin has been added back again which has concerned me even more.
I have screenshots and video as evidence of all these different situations occruing on my account over the past two days. I realise IG is experiencing major issues as the answerphone message has just confirmed but I am very alarmed that this situation has not been rectified. I'm sure I don't need to remind IG that trust between a customer and a Spread Betting firm is imperative. I have lost my trust in IG for now. I will close my account early this coming week unless the matter is rectified and I expect to be able to withdraw the total amount of funds. I will also make a formal complaint to the regulator if this matter isn't brought to a satisfactory conclusion within 48 hours.
Anybody else got similar experiences?
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