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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

79% of retail investor accounts lose money when trading CFDs with this provider.

Market Insights

Trading Insights: Are you enjoying the bull market?

Copy of Blog Images - Skilling - 2023-07-13T103448.072

Screenshot 2023-07-13 103705
Chart 1 Source TradingView July 13th 2023 7:31 AM UTC

The above chart illustrates the previous 52-week percentage performance of key global stock indices.

Market Commentary

  • Lower US inflation data hit the US dollar hard during yesterday's US trading session after US inflation data fell more than forecast
    EUR/USD breaks above the 1.10s and jumps +2.3% last 5 days, current price at time of writing 1.1140

EURUSD heading towards the 1.1275 extension? Downside risk seen below the 1.0930 support.

Screenshot 2023-07-13 103730

  • OPEC cuts proving to offer price support for Crude oil. OPECs July product cuts kicking in, lifting crude oil prices
    Brent crude oil price remains +11% higher during the last 30 days

Brent crude oil current price now trading above the key $80 round number. Upside extension towards the April highs near $84 can not be ruled out, downside risk seen below the $69.95 lower support (see chart)

Screenshot 2023-07-13 103753


Today’s economic calendar

Screenshot 2023-07-13 103858
Source: TradingView / J. Knobel July 13 2023 7:24 AM UTC


Earnings Season kicks off Tomorrow!

Earnings season is when most of the US exchange-traded companies report to investors their latest financials. It's a key period for stock indices since the financial performance of these companies is a reflection of either the strength or weakness of the economy.

If a company reports strong earnings it is normally viewed as a positive event for the company and vice versa. If lots of companies are reporting strong earnings it's a sign of a strong economy.

High price action is typically expected around the time before and after a company releases its earnings report.

Below is the table of a few high profile US companies that are due to report earnings this week: Screenshot 2023-07-13 103939
Source: Tradingview July 11 2023 6:53 UTC

The above table indicates the expected earnings per share estimate for the companies that are due to report.

Indices to keep an eye on during earnings season: SP500, Dowjones 30, and the US100.

Do you have an opinion on where financial markets are heading? Express your opinion and trade with CFDs.

Not investment advice. Past performance does not guarantee or predict future performance.