CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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. 80% 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. 80% 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.

EURUSD extends gains after solid German CPI reading

13:23 29 June 2020

EURUSD caught a bid following German CPI release. Inflation in Europe's biggest economy accelerated from 0.6% YoY to 0.9% YoY in June while the market expected it to stay unchanged. Euro benefits from the release while stock markets see almost no reaction. In theory rising inflation leaves less room for monetary easing and, in turn, can be seen as bad for stocks in the current environment.

Upward move on EURUSD accelerated after a solid German CPI print. The main currency pair is approaching a short-term downward trendline. Source: xStation5

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