Trading Insights: Follow the leader?

The above chart illustrates the multi-month performance of the S&P 500 Index.

Market Commentary

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

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

Skilling offers S&P 500 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.

---

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

---

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).

---

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.