Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Rising US yields have bolstered the dollar, sending EUR/USD, GBP/USD and AUD/USD all downward.
The drop below $1.15 sends a bearish signal for EUR/USD, indicating that we may well see fresh declines.
A rebound towards $1.16 is possible, but any rally that fails to move above yesterday’s swing high is likely another selling opportunity. Further declines target $1.13.
Rallies have been sold into over the past two weeks, so any move that fails to recover $1.3030 would still be another selling opportunity for GBP/USD.
Below $1.2923, the price will target $1.2773 and then $1.2635.
The downtrend continues here for AUD/USD, a lower high at $0.73 having worked out beautifully for the bears.
The price is currently testing the $0.7484 low from mid-September, and further declines below this bring $0.6973 and then $0.6828 into play.
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