CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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.
About Our Global Companies
Valutrades_LogoSpot
Valutrades_SYLogoSpot

Company

Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.

Regulation

Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1

Country

United Kingdom
Seychelles

Negative Balance Protection

Yes
Yes

Back to Blog

Market Blast 7 May 2019

   

Welcome to this week’s Market Blast.

7 May 2019

Global stock indices took a dive yesterday and the declines are continuing today based on the US President’s threatening more trade sanctions with China.

However, from the technical side, we have been in a bull run all year and this just may be a market correction and a good time to buy so keep an eye on lower trend lines and the 50 and 200 day moving averages like these on the Nikkei.

JP225 07-05-2019

A bounce could see us heading back to key levels from last year or a break below could see the same to the downside.

We are seeing a similar situation on the FTSE 100 but keep an eye on Cable as a strong pound does not usually favour the FTSE and this Friday’s UK GDP and Production figures will be important.

Indicies 07-05-2019

Also, watch tomorrow for volatility on NZDUSD and the crosses as we have an interest rate decision due tomorrow.

NZD 07-05-2019

The New Zealand Dollar has been weaker recently against most other currencies except Aussie.

Also, watch for Trade Balance and Employment figures from Canada this week as we may be seeing a pennant forming on USDCAD but we will pick this up next week.

USDCAD 07-05-2019

Also, next week, we will revisit the correlation between the price of WTI and the Dow Jones Industrial Average.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

Comments