expand/collapse risk warning

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 an “overheated” economy

Daily insight

USD price index Source: Tradingview April 20 2023 7:10 UTC

The above chart illustrates the 5 year relative percentage performance of a US 30 Index buy and hold strategy vs the personal consumption expenditures price index (PCE), a leading indicator of US inflation.

Market Talk

Stock market and “real” asset investors have beat inflation so far...

  • During the last five years the US 30 has increased by +30%
  • During the last five years core US PCE inflation has increased nearly 16%

During periods of high inflation investors tend to turn towards “real” assets for inflation “protection”

Gold vs PCE Index

Gold vs PCE Index Source: Tradingview April 20 2023 7:10 UTC

The above chart illustrates the 5 year relative percentage performance of a gold buy and hold strategy vs the personal consumption expenditures price index (PCE), a leading indicator of US inflation.


Upcoming Events:

Today’s economic calendar

  • EU Stocks 50 index in focus: EU consumer confidence due, EU Stocks 50 index relative strength slowing, however, the uptrend remains intact. Long positions for prospects near the 4,520 extension provided price can remain above the 4,270 support.

EUSTX50 Source: Quandl April 20 2023 6:50 UTC

Earnings Season:

On deck today:

On deck today: Source: US100 earnings calendar April 20 2023 7:36 UTC


Today’s trading bullets

EUR / NOK pushing new highs

EURNOK Source: Tradingview April 20 2023 7:42 UTC

  • EUR / NOK current price is above all time frame moving averages (bullish); price is above 13 day, 25 day, 49 day, 100 day, and 200 day moving averages. Momentum indicators MACD and RSI indicate that upside momentum remains positive. Therefore, further upside prospects for a move towards the 11.67552 - 11.755547 zone remains provided price can remain above the lower 11.46867 very short term (5-13 day) support.

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