CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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 (11.06.2021)

07:07 11 June 2021
  • US indices traded higher yesterday with S&P 500 making a record close. Nasdaq gained 0.78%, S&P 500 added 0.47% and Dow Jones finished 0.06% higher. Russell 2000 dropped 0.68%

  • Moods in Asia were mixed. S&P/ASX 200 and Kospi gained, Nikkei traded flat and indices from China moved lower

  • DAX futures point to a slightly higher opening of the European cash session

  • According to UK Times report, UK Prime Minister Johnson considers a 4-week delay to lifting Covid restrictions

  • South Korean exports increased 40.9% YoY during the first 10 days of June while imports were 31% YoY higher. Chip exports increased 37.5% YoY

  • New Zealand manufacturing PMI increased from 58.4 to 58.6 pts in May

  • Bitcoin trades near $37,000 mark

  • Oil is trading slightly lower after Saudi Arabia reported higher oil output in May, signalling an end to voluntarily output cut

  • Precious and industrial metals trade higher

  • EUR and CHF are the best performing major currencies while JPY and NZD lag the most

OIL.WTI pulled back slightly after data showed that Saudi Arabia withdrew its voluntary output cut faster than expected. A double top pattern at $70.60 can be spotted on the H4 chart. 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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