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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

US wage growth slows

Daily insight

The latest US nonfarm jobs report was solid, despite slower wage growth

NFP review:

  • The United States created 236,000 new jobs during March
  • Unemployment rate decreased, and now is 3.5% (near 53 year low)
  • Average hourly earnings (wage growth) was 4.2% month on month, the slowest since June 2021

Fx pair


Today’s Economic Events

European markets closed for Easter Monday

  • FX markets remain open
  • EU stock exchanges closed all day

Screenshot 2023-04-10 130848


Tactical Trading Ideas & Commentary

GBP/AUD: clear uptrend, however short term resistance needs to be overcome, to keep the uptrend alive.

Current price is in a uptrend, this can be technically supported by higher tops and higher bottoms on price (see chart 1) the fact that price is above its 13 and 26 day moving averages (bullish moving average cross), and the fact that both the 6 and 13 day rate of change momentum indicators are above their respective zero lines (bullish). Therefore, long positions could be technically supported for a further price advance towards the 1.9130s provided price can overcome the 1.8740 resistance level. Downside risk seen below the 1.8120s.

Screenshot 2023-04-10 131202

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