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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. 71% 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.

71% of retail investor accounts lose money when trading CFDs with this provider.

Market Insights

Trading insight: Don’t believe the hype. The news is never as bad as it seems

Copy of Blog Images - Skilling - 2023-05-15T094815.092

Screenshot 2023-05-15 095233 Source: Tradingview May 15 2023 6:34 UTC

The above table illustrates the 52 week percentage performance of key global stock market indices.

Market Talk

For at least two years high inflation has dominated the financial headlines, meanwhile, global stock indices have been positive

  • Consumer spending has been increasing month on month during the last year

Screenshot 2023-05-15 095324

The above chart illustrates the US consumer spending month on month trend.


Today’s economic calendar

Sweden’s inflation moved lower, CPIF decreased 0.4% to 7.6% year on year

SEK FX Market reaction:

  • SEK weakened slightly against the EUR and the USD following the latest Swedish inflation data announcement

Screenshot 2023-05-15 095358 Source: TradingView / J. Knobel May 15 2023 6:18 UTC


Trading bullets

SPX500 Index upside trading range breakout can’t be ruled out in the medium term (26-49 days)

  • SPX500 Index current price 4,136 seems to be in a holding pattern “consolidation” mode or trading range. Should the price break above the key resistance at 4,195, the prospects for an extension move toward the 4,310s can not be ruled out. Downside risk below 4,042 could signal the start of a bear market.

Screenshot 2023-05-15 095430

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