Trading Insights: Follow the leader?

The above chart illustrates the multi-month performance of the SPX500 Index.

Market Commentary

The SPX500 Index (Standard & Poor’s 500 Index) is an index composed of 500 leading publicly traded companies in the United States.

• The SPX500 Index was launched in 1957
• The SPX500 Index is diversified and includes 500 companies
• Because of the index diversity, investors and traders around the world follow the SPX500 price action and use it as an indicator to measure general trends of global stock markets.

Skilling offers SPX500 Index CFDs which can be traded either long or short, allowing traders and investors with big or small accounts the ability to express individual trading views 24 hours a day 5 days a week!

When trading, your capital is at risk.

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Today’s economic calendar

German IFO Business Climate Index measures the sentiment of German business leaders about the current business conditions and what their expectations are for the next 6 months.

Values below -100 suggest that business conditions will deteriorate, while readings above +100 suggest that business conditions are expected to improve.

Asset to watch: Germany 40 CFD

Source: TradingView/ J. Knobel July 25 2023 6:09 AM UTC

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Today’s Price Action Spotlight:

Germany 40 CFD outlook remains bullish

Germany 40 CFD current price €16,178 facing resistance near the €16,210s, which if cleared could open the path towards €16,710s. Downside risk below the €15,755 support (1) could expose the lower €14,145 support (2) (see chart).

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Today’s US Corporate Earnings Calendar Spotlight:

Source: Tradingview 25/7/2023 6:51 UTC

NOTE! Today is the last US trading session before Alphabet & Microsoft report earnings! See the above earnings table for details.

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