CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. 76% 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. 76% 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.

Morning wrap

06:18 18 October 2019
  • US indices finished yesterday’s trading slightly higher with NASDAQ climbing 0.4%, SP500 rising 0.3% and Dow Jones moving up 0.1%

  • On the other hand, sentiment in Asia has been rather grim as most of indices have fallen so far today with Shanghai Composite losing 0.6%, the most among major indices

  • Chinese Q3 GDP slowed down to 6% YoY, subtly falling short of the Bloomberg median estimate at 6.1% YoY, that was a slide from 6.2% YoY seen in Q2; in turn a set of data for September largely beat expectations, industrial output rose 5.8% YoY (4.9% expected), retail sales rose 7.8% YoY (7.8%) and investment in fixed assets ex a rural sector picked up 5.4% YTD YoY (5.5%)

  • Japanese CPI for September came in at 0.2% YoY, matching expectations while core measures were also in line with the median estimates offered by BBG

  • Turkey agreed with the US to pause its military operations in Syria for 120 hours in order to let Kurdish forces withdraw from a “safe zone” - TRY is up 0.2% against the greenback this morning

  • In the FX space one may notice that the NZ dollar is gaining as much as 0.3%, being the best performing currency in G10, while the British pound is sliding 0.3% as traders brace themselves for a crucial Brexit vote on Saturday

The lira gained on Thursday and it is heading higher against the US dollar this morning too. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 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. X-Trade Brokers Dom Maklerski 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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