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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

European stocks approaching 16 year highs

Daily insight

European stocks approaching 16 year highs

Market Talk

  • EU Stocks 50 Index has gained +30% during the previous six months as interest rates move towards “normal”
  • Market expectations for European Central Bank (ECB) rates to “peak” around 4.25% could help to push up European stock market prices
  • ECB could be positioning for three more rate hikes, starting next month May 2023 with +0.25%; June +0.25%, and July +0.25%
  • A 4.25% ECB interest rate looks a lot more “normal” than the previous period of negative rates

EU Stocks 50 Index technical commentary:

EU Stocks 50 Index technical commentary:

The EU Stocks 50 Index (weekly chart) remains in a near term uptrend (26-49 days) Multi-month higher tops and lower bottoms on price indicate a Dow pattern uptrend, momentum analysis is bullish since both the 6 week and 13 week rate of change (ROC) indicators are above their respective zero lines; moving average study is bullish since current price is above its 13 week and 26 week moving averages. Upside prospects for a further advance towards the 4,520s can not be ruled out, while downside risk is seen below the 4,160 lower support (see chart).


Today’s economic calendar

Today’s economic calendar

Earnings Season:

On deck today:

On deck today:

On deck tomorrow (Tuesday 18th, 2023):

On deck tomorrow (Tuesday 18th, 2023):


Today’s trading bullets

Silver price remains in an uptrend

Silver price remains in an uptrend

  • Silver: The price break above the key resistance at $24.60 adds to support the resumption of the March 2023 uptrend; any prospective “pull back” in price could be viewed as “corrective”; upside extension towards $26.72 remains on the table, while downside risk is seen below the $22.24 lower support.

German Dax testing key resistance:

German Germany 40 testing key resistance:

  • German Germany 40 Index: Current price testing key resistance near the 15,930s, provided price can “break” above the 15,930s the prospects for a further price advance towards 16,990 - 17,000 (round number) can not be ruled out. Downside risk spotted below the 15,313 support.

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