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Trading financial products on margin carries a high risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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Market Insights

Trading Insights: Lots of cash on the sidelines could lift risk assets further

Copy of Blog Images - Skilling - 2023-06-30T124201.845

Commentary & insights

USD cash available for investments are at all time record highs.

Screenshot 2023-06-30 124850
Source: TradingView 30.06.2023 7:39 UTC

Screenshot 2023-06-30 124917
Source: Tradingview 30.06.2023 7:43 UTC

The potential for risk assets to surge even higher remains if all that cash sitting on the sidelines starts to flow into stock markets and other investments.


Today’s economic calendar

Core personal consumption price index (PCE) on deck

  • High price action across USD assets expected
  • PCE is a key indicator of inflation and one that the US Fed pays a lot of attention to.
  • With increasing speculation that the US Fed is not done hiking rates, if today's PCE data come in “hot” then that speculation could move a step closer to becoming a reality.

Screenshot 2023-06-30 124941 Source: TradingView / J. Knobel June 30 2023 7:58 UTC


Technical trade commentary

Dowjones 30 index price remains contained in multi-month upward sloping price channel: Bullish outlook

Screenshot 2023-06-30 125006

  • Dowjones 30 Index currently at $34,139. Upside prospects for a test of the 52 weeks near the $35,490s remains provided price can remain within the prevailing multi-month upward moving price channel (see chart). Downside risk seen below the $31,680 lower support.

Germany 40 index - bullish outlook on break above the €16,044 resistance

Screenshot 2023-06-30 125032

  • Germany 40 Index currently at €16,034 and is facing very short term resistance at €16,044. A break above could increase the prospects for an extension move towards the €16,720s, downside risk seen below the €15,800 support.

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