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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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.
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Market Brief Indecision

Article By: ,  Financial Analyst
September 10, 2019 9:21 AM

  • A somewhat indecisive day so far in FX with the above candles having small bodies and long wicks – not a surprise given lack of major US data and ahead of key events later in the week (namely ECB and US CPI).
  • FWIW, the CHF is the weakest amid a mild risk-on day as EU stocks staged a slow recovery after a weak open; GBP was among the strongest on more data surprise and CAD was underpinned by oil strength (see below)

  • Despite Brexit uncertainty, the UK economic situation is not as bad as many had feared – judging by the latest macro data. UK wages came in ahead of expectations this morning, following better-than-expected manufacturing, construction and GDP data a day earlier. At 4.0%, wages (including bonuses) grew in the three months to July at their strongest pace since mid-2008, rising from 3.7% the month before. The unemployment rate dropped to a record low of 3.8% from 3.9% previously.
  • Saudi Arabia's new energy minister Prince Abdulaziz bin Salman said his nation would continue working with other oil producers to achieve market balance
  • No major US data today

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