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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: EUR/USD lost 3% since the end of April

Copy of Blog Images - Skilling - 2023-05-30T105158.813

European Open

Current events moving the EUR

Spanish inflation cools, the latest month-on-month inflation was negative (-0.1%)

  • EUR/USD (chart 1) current price hits another intra multi-day low near March 20th lows, eyes now on the 1.0650 - 1.0610 support area (see chart 1)

Screenshot 2023-05-30 105746
Chart 1 EUR/USD May 30 2023 7:47 UTC

  • EUR/GBP (chart 2) seems to be at risk of entering a bear market. Increased risk of further downside after the support near 0.8660 failed to hold, prospects for a move towards 0.8590s can not be ruled out.

Screenshot 2023-05-30 105823
Chart 2 EUR/GBP May 30 2023 7:45 UTC


Today’s economic calendar

Spanish inflation cools

Screenshot 2023-05-30 105901
Source: TradingView / J. Knobel May 30 2023 7:18 UTC

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