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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 Insights: Have no fear! The world can handle higher interest rates

Copy of Blog Images - Skilling - 2023-06-29T114031.061

Commentary & insights

Central bankers are not clueless. They have the resources to make the best educated forecast. However, they are still human and far from perfect, but overall many of the G10 central banks seem to be on target.

Economic indices factors to watch are looking normal

Less uncertainty around economic conditions can typically increase investor confidence. Are current global economic conditions balanced? The below table suggests so.

Screenshot 2023-06-29 114423
Source: TradingView / JKnobel 29.06.2023 7:59 UTC

Investors and traders who can adapt to changing central bank attitudes tend to trade in front of the curve.

Screenshot 2023-06-29 114445
Source: Tradingview / JKnobel 29.06.2023 8:09 UTC

Year to date global stock markets are positive while volatility has fallen sharply.


Today’s economic calendar

Swedish Riksbank hiked the rate by 0.25% as expected

  • Current rate 3.75%
  • EURSEK little has changed with the current price-seeking direction after gaining 1.7% during the last 30 days.

Screenshot 2023-06-29 114514
Source: TradingView / J. Knobel June 29 2023 7:52 UTC


Technical trade commentary

Spain 35 index - bullish outlook remains above the €9,510 resistance

Screenshot 2023-06-29 114548

Spain 35 Index current price 9,487. Price faces resistance (1) near 9,510, provided price can clear above the 9,510s a further extension towards 9,720s can not be ruled out in the near term (26-49 days). Downside risk seen below 9,344.

Screenshot 2023-06-29 114616

Silver price remains in a downtrend (daily chart). Current price $22.75 is below its multi-week downward sloping trendline (bearish), MACD below zero (bearish), while RSI remains below 50, indicating that downside momentum is still in play. Provided support near the $22.50s fails to hold, the prospects for downside extension toward $19.90 can not be ruled out. Upside risk seen above the $25.50s.

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