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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.

XTB Online Trading

Euphoria in Brazil, pain in Italy

14:05 8 October 2018
Both USDBRL and ITA40 (FTSE MIB underlying) tumble by around 3% on Monday but similarities end at this point. Brazilian markets are in euphoria after a landslide win of pro-market candidate Jair Bolsonaro in the first round of presidential elections that will be concluded 3 weeks from now. Falling USDBRL is a reflection of appreciating Brazilian real and the pair is just above the key 3.70 support. Meanwhile in Italy stocks tumble as investors are concerned by surging bond yields – a consequence of fight between the Italian government and Brussels over the budget deficit. ITA40 has cracked a support at 20200 points and the next major support is at a distant level of 19000 points.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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