CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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. 82% 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. 82% 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.

Three markets to watch next week

16:24 20 November 2020

Promising results of Moderna's vaccine failed to spark a long-lasting rally on the equity markets. Investors' attention was quickly drawn back to the coronavirus pandemic and returning lockdowns. New set of PMI indices will provide an update on the moods within the economy. Meanwhile, Brexit talks are seen entering "another" crucial phase.

DE30

DE30 remains stuck below the 13,250 pts resistance zone. Return of coronavirus restrictions in Europe has dented moods on the equity markets and even another upbeat vaccine announcement was not enough to break a gridlock. Flash PMIs for November (Germany - Monday, 8:30 am GMT) will show damage done by such decisions. Deterioration is expected in both manufacturing and services sectors.

EURUSD

Main currency pair will also get a chance to move on PMI releases. However, EURUSD traders will also look towards minutes releases from two major central banks - Fed (Wednesday, 7:00 pm GMT) and ECB (Thursday, 12:30 pm GMT). Fed remained on hold and decided to wait for December's forecasts before taking action. ECB also refrained from taking more actions but hinted that asset purchases could be increased in December.

GBPJPY

Brexit talks are seen entering another crucial phase as negotiators from EU and UK race to seal the deal before it is too late. EU member countries urged European Commision to outline plans for a no-deal exit in a sign that a growing number of countries are worried that the EU-UK trade deal may never arrive. Pound is likely to experience some short-term volatility on headline news as well as on flash release of November's PMIs (Monday, 9:30 am GMT).

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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