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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: Are you “skeptical” US inflation will continue to fall?

Copy of Blog Images - Skilling - 2023-08-10T113540.515

Screenshot 2023-08-10 113746
Chart 1

Chart 1 illustrates the five year core inflation trend for the United States.

Market Talk:

United States Inflation due at 12:30 UTC today:

  • Year on year inflation expected to move slightly higher
  • Core inflation year-on year expected to move slightly lower

Any signals of softer overall inflation readings today could give the Fed room to hold interest rates steady?


Today’s economic calendar

Screenshot 2023-08-10 113816
Source: TradingView / J. Knobel August 10 2023 8:01 AM UTC


Trading prospective:

EUR / USD downside risk remains

Screenshot 2023-08-10 113844

Technical commentary: EUR/USD

Despite that current price remains contained within the upward sloping 12 week price channel, downside risk remains on the table provided that the potential bearish pennant pattern proves true e.g the pattern is completed with a price break below the lower line (see chart). Downside prospects towards the 1.0870s can not be ruled out, while upside risk seen above the 1.1040s (see chart).

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