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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: Fed keeps the bulls running, ECB up next

Copy of Blog Images - Skilling - 2023-07-27T104541.501

Market Talk:

If you're reading this you most likely heard that the US FED increased the US Fed funds interest rate yesterday.

Quick summary:

  • US Fed Chairman Powell did say that current policy has not been restrictive enough eg. the door is open for further interest rate hikes
  • The FOMC upgraded its view on the economic growth of the US economy

Bottom line: The better economic growth outlook implies that the US economy can handle higher interest rates.

The Bulls are in a strong position…..

Dowjones 30 five day price action

Screenshot 2023-07-27 104739


Today’s economic calendar

European Central Bank (ECB) expected to hike +0.25%

  • It's expected to raise +0.25%
  • Current interest rate 4%
  • Expected new rate 4.25%

Assets to watch: EUR/USD, Germany 40, Spain 35, EU50, CAC40

Screenshot 2023-07-27 104819
Source: TradingView / J. Knobel July 26 2023 6:38 AM UTC

ECB Interest rate decision on deck today at 12:15 PM UTC


Today’s Price Action Spotlight:

EUR/USD current price 1.1124, strong support spotted near the 1.0940s, watch the 1.1275 bull trigger

Screenshot 2023-07-27 104850

Germany 40 current price €16,263, price remains above its 40 day moving average, upside extension towards €16,790s, downside risk seen below the €14,684 support (see chart).

Screenshot 2023-07-27 104924

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Analyzing yesterday's market insights could help comprehend trends and make informed decisions for today's trading. Check out our previous trading insight here!

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