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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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.

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Risk event for the week starting 28 June: OPEC+ meeting

With oil being one of the strongest parts of the markets over the last week, Justin McQueen, from Daily FX, chooses to look at a key trade for the week around two commodity currencies, the AUD/CAD cross.

OPEC
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Written by

Jeremy Naylor

Jeremy Naylor

Analyst

Article publication date:

He suggests a long position around the OPEC+ meeting and also a trade backed up by the Reserve Bank of Australia’s position against the environment being faced by the Canadian central bank

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 

Professional clients trading spread bets and CFDs can lose more than they deposit.

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