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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 Idea: Sometimes market direction is hard to forecast

Daily insight

Market Talk

Traders should not expect to discover good trades everyday

  • The hardest times to trade are the “in between periods” these “in between” periods are when one trend ends and another one begins
  • At these potential turning points market volatility increases as investors become more undecided about the future direction of markets
  • Since asset prices move based on investor future outlooks, and when those outlooks become less clear markets will trade very erratically until new market trends develop

The current financial trading situation appears to be one of those “in between periods”

Today’s Economic Events

Why durable goods orders are an important indicator

  • Durable goods orders can indicate if consumers are ordering durable goods such as manufactured products like cars or kitchen appliances
  • If the economy is doing good then consumers could feel more confident buying higher priced items and vice versa
    Today’s US Durable goods orders are in focus and high price action across US assets are expected upon the release.

Traders should be on alert for potential high price action across US indices such as the SPX500, US100 and DOW 30 during the time around the US durable goods report is released.

Time: GMT+0 Country/Region Economic Indicator Previous Forecast Actual Units
12:01:00 AM Great Britain GfK Consumer Confidence -38 -35 -36 -
7:00:00 AM Great Britain Retail Sales m/m 0.5 - 1.2 %
7:00:00 AM Great Britain Retail Sales y/y - - -3.5 %
8:00:00 AM Spain GDP (f) q/q 0.2 0.2 0.2 %
8:00:00 AM Spain GDP (f) y/y 2.7 2.7 2.6 %
12:30:00 PM US Durable Goods New Orders m/m -4.5 - - %
12:30:00 PM Canada Retail Sales m/m 0.5 - - %

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Cross asset commentary:

Gold still bullish
The pullback over the last 24 hours looks to be a short term “corrective” move. Current price is above its 4,9 and 18 day moving averages (bullish triple moving average crossover). Upside prospects for further extension towards $2,075 provided price can remain above the $1,960 recent key resistance (which has now become a support level)

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