AUDUSD is trading at 0.6525; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6485 and then resume moving upwards to reach 0.6605. Another signal is favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 0.6445. In this case, the pair may continue falling towards 0.6355.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is trading at 1.3942; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.4005 and then resume moving downwards to reach 1.3855. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border. However, the bearish scenario may no longer be valid if the price breaks the cloud’s upside border and fixes above 1.4055. In this case, the pair may continue growing towards 1.4145.
NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is trading at 0.6050; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6015 and then resume moving upwards to reach 0.6125. Another signal in favor of further uptrend will be a rebound from the rising channel’s downside border. However, the bullish scenario may be canceled if the price breaks the cloud’s downside border and fixes below 0.5975. In this case, the pair may continue falling towards 0.5905.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
As we can see in the H4 chart, the descending tendency continues. By now, USDCAD has formed an Inverted Hammer pattern not far from the support level. However, the pair is not expected to reverse. Probably, the price may correct for a while and then resume falling towards 1.3865. Later, after testing it, the market may form a reversal pattern and rebound from the above-mentioned level.
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, after returning to the resistance level, AUDUSD has formed a Hanging Man pattern. Later, the pair may reverse and rebound from this level. In this case, the downside target may be the support level at 0.6415. In case of further growth, the upside target may be at 0.6575.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF continues trading sideways inside a horizontal channel. So far, there are no reversal patterns. The upside target remains at the resistance level at 0.9768. The downside may be the support level at 0.9677.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
The greenback has weakened significantly against its main competitors. During yesterday’s and today’s trading sessions, the growth of EUR/USD quotes has exceeded 120 points. Demand for risky assets has grown significantly after Moderna, a US pharmaceutical company, announced preliminary positive test results for a potential vaccine against the COVID-19 virus. At the moment, the trading instrument is consolidating in the range of 1.0900-1.0945. The technical pattern signals a further increase in EUR/USD quotes. We expect important economic releases. We recommend opening positions from key levels.
The Economic News Feed for 19.05.2020
– ZEW economic sentiment indices in Germany and the Eurozone at 12:00 (GMT+3:00);
– Statistics on the US real estate market at 15:30 (GMT+3:00).
We also recommend paying attention to the speech by the Fed Chairman.
Indicators signal the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, indicating the bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which also gives a signal to buy EUR/USD.
Trading recommendations
Support levels: 1.0900, 1.0875, 1.0850
Resistance levels: 1.0945, 1.0980, 1.1000
If the price fixes above 1.0945, further growth of the EUR/USD currency pair is expected. The movement is tending to 1.0970-1.1000.
An alternative could be a drop in EUR/USD quotes to 1.0875-1.0860.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.20756
Open: 1.21932
% chg. over the last day: +0.89
Day’s range: 1.21846 – 1.22681
52 wk range: 1.1466 – 1.3516
GBP/USD quotes have been growing. Demand for risky assets has resumed. The British pound has updated local highs. The trading instrument found resistance at 1.2265. The 1.2190 mark is already a “mirror” support. The GBP/USD currency pair has the potential for further recovery. We recommend opening positions from key levels.
The UK has published weak labor market data.
Indicators do not give accurate signals: the price has fixed between 50 MA and 100 MA.
The MACD histogram is in the positive zone and above the signal line, which gives a strong signal to buy GBP/USD.
Stochastic Oscillator is in the neutral zone, the %K line has started crossing the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.2190, 1.2135, 1.2075
Resistance levels: 1.2265, 1.2325, 1.2375
If the price fixes above 1.2265, further growth of GBP/USD quotes is expected. The movement is tending to 1.2320-1.2340.
An alternative could be a decrease in the GBP/USD currency pair to 1.2150-1.2120.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.41067
Open: 1.39377
% chg. over the last day: -1.11
Day’s range: 1.39068 – 1.39694
52 wk range: 1.2949 – 1.4668
There are aggressive sales on the USD/CAD currency pair. During yesterday’s and today’s trading sessions, the drop in quotes has exceeded 190 points. The greenback demand has weakened. The loonie is supported by the positive dynamics of “black gold” prices. At the moment, USD/CAD quotes are consolidating in the range of 1.3905-1.3970. The Canadian dollar has the potential for further growth against the US dollar. Positions should be opened from key levels.
The publication of important economic releases from Canada is not planned.
Indicators signal the power of sellers: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, indicating the bearish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.3905, 1.3850
Resistance levels: 1.3970, 1.4020, 1.4065
If the price fixes below the support level of 1.3905, a further drop in USD/CAD quotes is expected. The movement is tending to 1.3860-1.3840.
An alternative could be the growth of the USD/CAD currency pair to 1.4000-1.4030.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 107.078
Open: 107.282
% chg. over the last day: +0.12
Day’s range: 107.257 – 107.591
52 wk range: 101.19 – 112.41
The technical pattern is still ambiguous on the USD/JPY currency pair. A trading instrument is consolidating. There is no defined trend. At the moment, the local support and resistance levels are: 107.30 and 107.60, respectively. We expect economic reports from the US. We also recommend paying attention to the dynamics of US government bonds yield. Positions should be opened from key levels.
The news feed on Japan’s economy is calm enough.
Indicators signal the power of buyers: the price has fixed above 50 MA and 100 MA.
The MACD histogram is in the positive zone, indicating the bullish sentiment.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 107.30, 107.05, 106.75
Resistance levels: 107.60, 107.75, 108.00
If the price fixes above the resistance level of 107.75, USD/JPY quotes are expected to rise. The movement is tending to 108.00-108.25.
An alternative could be a decrease in the USD/JPY currency pair to 107.00-106.80.
It is common to hear people say that the epoch of enormous economic progress which characterised the last century is over. That a decline in prosperity is more likely than an improvement in the decade which lies ahead of us. The famous economist John Maynard Keynes wrote these words in 1930 at a time of economic crisis and depression, but they could just as easily apply to today.
The world is once again beset with bad news. We may have friends or family suffering from COVID-19. Many will have financial worries at this time. But while it’s difficult to see the bigger picture, history shows that even the nastiest recessions appear like little blips in the longer term.
Despite the setbacks from the great depression of the 1930s, the recession that followed the second world war, the oil shocks of the 1970s and the 2007-09 financial crisis, real GDP per capita rose exponentially in the 20th century and 21st century. If there is one lesson from history, it is that the economy will pick up again. Unemployment will be reduced, salaries will increase, the stock market will rise to new unprecedented highs and our factories will be producing more goods than ever before.
Crises often bring forward positive change. For example, the UK government is cushioning the economic impact of COVID-19 lockdown by using tools broadly developed as a result of the great depression – mostly by Keynes and his disciples. Here are four of our favourite examples from history of crises catalysing radical changes.
1. WWI and women working
Women showed they could do lots of ‘men’s jobs’ during WWI. Wikimedia Commons
Little more than a century ago, women in the UK weren’t allowed to own property, open a bank account or work in a legal or civil service job. The suffragettes had rightly been protesting but British society needed a shock to put theory into action. That massive shock was the first world war.
Between 1914 and 1918 more than a million women joined the workforce to keep the economy going. They worked in many jobs that were not previously open to them – in factories and shops, as drivers and even for the police. They did a sterling job, and for less pay than their male counterparts.
The long – and still ongoing – process that would recognise women’s skills and talents in the workforce was accelerated. The first woman MP, Constance Markievicz, was elected in 1918. And in 1919 the Sex Discrimination Removal Act was passed.
Another crisis, WWII, was the catalyst for the creation of the UK National Health Service (NHS). Before the NHS, when someone needed to use medical services they were expected to pay the hospital or a private doctor. The groundwork was laid when the war effort necessitated government-supported medical services to become available for everyone.
War destruction shifted the focus of the national recovery agenda onto the welfare of people and the NHS was established in 1948, despite opposition from some local authorities and even doctors. Even though the NHS has gone through many changes since then, it still continues to operate under its founding principles which were to be funded from general taxation and provide free healthcare for all at the point of use.
3. More people go to university after recessions
It is a well established finding that recessions and the lack of jobs they bring can lead more people to pursue education, whether undergraduate or postgraduate. Importantly, this progress is also maintained in subsequent generations – if your parents go to university, you are more likely to go to university.
A more educated workforce tends to make an economy more productive, profitable and versatile. But that’s not the end of it. Higher education also has knock-on beneficial effects on a society’s health, crime rate, election voting and volunteering.
4. Dotcom bubble and creative destruction
Economic crises often lead to the abandonment of inefficient or out-of-date structures. New and healthy entities emerge in their place through what Austrian economist Joseph Schumpeter called “creative destruction”. The bursting of the dotcom bubble provides a great example here.
In early 2000, the Nasdaq stock exchange crashed after years of the share prices of online companies rising. Many underperforming firms closed that had based their growth on the hype around the internet and the favourable credit and tax environment of the late 1990s. At the same time, the crash accelerated the rise of eBay, Google, Amazon and other tech companies, changing the practices of billions of consumers.
Good news is currently scarce and overshadowed by death and uncertainty. Yet things will improve, and soon. Approved COVID-19 therapies will roll out and many others will be developed. The only damage that cannot be undone is the loss of human life and for that we must all do our best to protect our fellow citizens.
In the meantime, let’s think of the opportunities for positive change this pandemic has highlighted. Stronger public health, reduced unnecessary commuting, less pollution and international pharmaceutical cooperation can improve our world. So can increasing the pay, as well as recognition, for key workers. The UK could also lead globally to crack down on tax havens and start taxing big corporations properly. Everyone can do their bit to turn this pandemic into an opportunity for good – let’s all fight and vote for it.
Technology and responsible investing will “inevitably be the top two megatrends” of the 2020s, affirms the CEO of one of the world’s largest independent financial advisory organizations.
The bold, unambiguous message from deVere Group’s chief executive and founder, Nigel Green, comes global stocks rise as the world looks ahead to the post-pandemic era and gradual economic recovery.
Mr Green comments: “The Covid-19 crisis has accelerated innovation and disruption and has heightened expectations. The future has happened faster.
“I believe that there are two underlying forces that will inevitably be the major investment megatrends of this decade, likely to be worth tens of trillions of dollars.
“The first is technology. The digital revolution is taking place right now in a monumental way, with our daily lives become ever more digitalized at a staggering speed.
“The rapid advancement of digital technologies is already fundamentally changing business models, institutions and society as a whole – and this trend is likely to pick up pace further as tech evolves.
“The digital revolution means the potential for new and emerging businesses and industries is greater than ever before – and both retail and institutional investors will, naturally, be drawn to the massive growth and opportunities.
“Indeed, we can see the future economy already in global stock markets which are being driven up primarily by tech-based firms.”
Against this backdrop of advancing technologies impacting all areas of our lives, including personal finance, last week deVere Group announced it is to develop a major digital finance operation from its headquarters in Dubai, UAE.
The deVere CEO says the second megatrend will be environmental, social and governance (ESG) investments.
“These unusual times have fostered a growing collective awareness and sense of mutual responsibility.
“It’s been brought into sharp focus that today’s Covid-19 crisis could be overshadowed by tomorrow’s climate crisis.
“It has demonstrated the importance of having sustainable and diverse supply chains. It has also underscored that companies with strong corporate governance and good business practice are best-positioned for the future. “This has been evidenced by those investments with robust ESG credentials continuing to outperform throughout the recent bouts of stock market volatility.
“Again, the major growth and opportunities that that pattern of change creates cannot be, and will not be, ignored by retail and institutional investors.
Mr Green concludes: “It’s often said when investing that a ‘trend is a friend.’ A megatrend is likely, therefore, to be your best friend.
“Megatrends – like the advancing technology and the search for purposeful profits – affect how we live and work every day, therefore they impact global markets and investor outcomes.”
About:
deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.
After completing the descending impulse at 1.0803 along with the correction towards 1.0825, EURUSD is expected to form a new descending impulse to break 1.0802. After that, the instrument may continue falling to reach 1.0777. And that’s just a half of another descending wave. The key downside target is at 1.0700.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2133 and is expected to continue falling inside the downtrend with the target at 1.2033. Possibly, today the pair may correct towards 1.2133. After that, the instrument may rebound from this level and then resume trading to reach the above-mentioned target.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB continues falling towards 72.50. Today, the pair may reach it and then start another correction towards 74.00. Later, the market may resume trading inside the downtrend with the target at 71.30.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 107.03. Possibly, today the pair may resume falling to break 106.82 and then continue trading downwards with the target at 106.60.
USDCHF, “US Dollar vs Swiss Franc”
After finishing the ascending impulse at 0.9735 along with the correction towards 0.9710, USDCHF is expected to grow to break 0.9735. Later, the market may continue trading upwards with the target at 0.9760.
AUDUSD, “Australian Dollar vs US Dollar”
After completing another descending impulse at 0.6404, AUDUSD has corrected towards 0.6444 to test it from below. According to the main scenario, the price may resume trading downwards with the short-term target at 0.6363.
BRENT
After breaking 32.15, Brent is still moving upwards to reach 34.74. After that, the instrument may form a new descending structure towards 32.15 and then start another growth with the short-term target at 36.80.
XAUUSD, “Gold vs US Dollar”
Gold is still trading upwards; it has already broken 1751.50 and may continue growing to reach 1773.17. Later, the market may start a new correction with the short-term target at 1751.50.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD continue growing. Possibly, today the pair may reach 10040.00 and then start another correction to reach 9600.00. After that, the instrument may resume trading upwards with the target at 10150.00.
S&P 500
The Index is trading to break 2879.2 to the upside. The main scenario implies that the price may continue trading upwards with the short-term target at 2935.0. Later, the market may correct towards 2879.2 and then form one more ascending structure to reach 2983.3.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
As we can see in the daily chart, after a long test of 76.0% fibo and a breakout of the previous high, XAUUSD is forming a new ascending impulse towards its all-time high at 1920.66. However, attempting to reach and test the target, the instrument is expected to rebound and correct downwards.
In the H4 chart, after breaking the long-term consolidation range and finishing the descending correction towards 23.6% fibo at 1677.77, the pair has broken the high at 1747.77. The next upside targets may be inside the post-correctional extension area between 138.2% and 161.8% fibo at 1798.90 and 1858.60 respectively. The support is at 1677.77.
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the daily chart, USDCHF continues the long-running correction between 38.2% and 61.8% fibo. Since the MACD lines are directed upwards, the price is expected to break the current correction to the upside. The first target will be 76.0% fibo at 0.9982 and then the fractal high at 1.0236.
In the H4 chart, the correctional channel is squeezing between the support and resistance levels at 0.9622 and 0.9764 respectively. If the price breaks the support, it may expand the correctional channel down to 61.8% fibo at 0.9453. Otherwise, the pair may start a new growth to reach the high at 0.9901.
Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
The technical pattern is still ambiguous on the EUR/USD currency pair. A trading instrument is consolidating. Currently, the local support and resistance levels are 1.0800 and 1.0825, respectively. The conflict between Washington and Beijing has escalated again after White House trade adviser, Peter Navarro, said that China hid the COVID-19 virus from the world for two months. Fed Chairman, Jerome Powell, said the US economy could decrease to 30% in the second quarter. We recommend opening positions from key levels.
Today, the publication of important economic releases is not expected.
Indicators do not give accurate signals: the price has crossed 50 MA and 100 MA.
The MACD histogram is near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the bearish sentiment.
Trading recommendations
Support levels: 1.0800, 1.0775
Resistance levels: 1.0825, 1.0850, 1.0875
If the price fixes below 1.0800, the EUR/USD currency pair is expected to fall. The movement is tending to 1.0775-1.0750.
An alternative could be the growth of EUR/USD quotes to 1.0850-1.0870.
The GBP/USD currency pair
Technical indicators of the currency pair:
Prev Open: 1.22215
Open: 1.20756
% chg. over the last day: -0.17
Day’s range: 1.20751 – 1.21254
52 wk range: 1.1466 – 1.3516
GBP/USD quotes continue to show a negative trend. The British pound has updated local lows again. The trading instrument is currently consolidating. The local support and resistance levels are 1.2075 and 1.2135, respectively. The British pound has the potential for further decline relative to the greenback. We recommend opening positions from key levels.
The news feed on the UK economy is calm.
Indicators do not give accurate signals: the price has fixed below 50 MA and 100 MA.
The MACD histogram is in the negative zone, but above the signal line, which gives a weak signal to sell GBP/USD.
Stochastic Oscillator is in the neutral zone, the %K line has crossed the %D line. There are no signals at the moment.
Trading recommendations
Support levels: 1.2075, 1.2040
Resistance levels: 1.2135, 1.2180, 1.2235
If the price fixes below 1.2075, a further drop in GBP/USD quotes is expected. The movement is tending to 1.2040-1.2020.
An alternative could be the growth of the GBP/USD currency pair to 1.2180-1.2220.
The USD/CAD currency pair
Technical indicators of the currency pair:
Prev Open: 1.40430
Open: 1.41067
% chg. over the last day: +0.43
Day’s range: 1.40597 – 1.41117
52 wk range: 1.2949 – 1.4668
There is an ambiguous technical pattern on the USD/CAD currency pair. The loonie is in a sideways trend. At the moment, USD/CAD quotes are testing the support level of 1.4065. The 1.4115 mark is the key resistance. The Canadian dollar is supported by the recovery of “black gold” prices. A trading instrument is tending to decline. Positions should be opened from key levels.
The publication of important economic releases from Canada is not planned.
Indicators do not give accurate signals: the price has crossed 50 MA.
The MACD histogram is near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which indicates the bearish sentiment.
Trading recommendations
Support levels: 1.4065, 1.4020, 1.3970
Resistance levels: 1.4115, 1.4140, 1.4170
If the price below the support level of 1.4065, a drop in USD/CAD quotes is expected. The movement is tending to 1.4030-1.4000.
An alternative could be the growth of the USD/CAD currency pair to 1.4140-1.4170.
The USD/JPY currency pair
Technical indicators of the currency pair:
Prev Open: 107.250
Open: 107.078
% chg. over the last day: -0.21
Day’s range: 107.068 – 107.309
52 wk range: 101.19 – 112.41
The USD/JPY currency pair is being traded in a flat. There is no defined trend. Financial market participants expect additional drivers. USD/JPY quotes are testing the following key support and resistance levels: 107.05 and 107.40, respectively. We recommend paying attention to the dynamics of US government bonds yield. Positions should be opened from key levels.
According to preliminary data, Japan’s GDP fell by 0.9% (q/q) in the first quarter. Experts expected a decrease by 1.2%.
Indicators do not give accurate signals: the price has crossed 50 MA.
The MACD histogram is near the 0 mark.
Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates the bullish sentiment.
Trading recommendations
Support levels: 107.05, 106.75, 106.45
Resistance levels: 107.40, 107.75
If the price fixes above the resistance level of 107.40, USD/JPY quotes are expected to rise. The movement is tending to 107.70-108.00.
An alternative could be a decrease in the USD/JPY currency pair to 106.80-106.60.
On Friday, the US currency fell against a basket of currency majors. The US dollar index (#DX) closed in the negative zone (-0.07%). At the end of the week, ambiguous US economic statistics were published. On Thursday, the number of initial jobless claims was published, which has exceeded expected values again. So, the indicator counted to 2.981K, while experts forecasted 2.500K. On Friday, a report on retail sales was published, which fell by -16.4% instead of the expected decline by -12.0%.
China intends to take measures to protect the interests of Chinese companies in response to US actions. China calls on the United States to immediately stop speculating and create normal conditions for trade and cooperation between enterprises. China is determined to protect the legitimate interests of Chinese companies.
The “black gold” prices are rising. Currently, futures for the WTI crude oil are testing the $30.95 mark per barrel.
Market indicators
On Friday, there was the bullish sentiment in the US stock market: #SPY (+0.46%), #DIA (+0.07%), #QQQ (+0.65%).
The 10-year US government bonds yield has increased slightly. At the moment, the indicator is at the level of 0.64-0.65%.
The news feed on 2020.05.18:
According to preliminary data, Japan’s GDP fell by 0.9% (q/q) in the first quarter. Experts expected a decrease by 1.2%.
The DAX30 ended last week on a little roller coaster. After a sharp drop last Thursday, where the German index attacked the region around 10,200 points. It can hold that level, thanks to massive support and a sharp bounce in US Equities.
But when carefully looking at the short-term hourly picture, and assessing the sequence of falling highs and lows over the course of last week, the mode remains short-term bearish below 10,700 points.
While we have to wait to see whether there will be a volatile start to the week as there is a thin economic calendar, but we’d still be careful with long engagements. In fact, we’d consider Short engagements more attractive from a risk-reward perspective.
That is especially true after last Wednesday’s comments from Fed chairman Powell, where he noted that the recovery of the US economy may take time to gather momentum.
He could have said that a V-shaped recovery in the US (but also globally) is off the table.
And with expected earnings for the S&P 500 being 28% down from their peak, and 13% below realized earnings (which is way less than during previous recessions and can only be justified by a massive V-shaped recovery in earnings in 2021), US Equities, but also Equities in general including the German DAX, seem to be overvalued, and a next sharper leg lower stays a serious option.
Technically, the DAX30 CFD stays at least neutral as long as we can hold above 10,200 points, but a break lower activates 9,600 points as target on the downside in the days to come:
Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Hourly chart (between April 27, 2019, to May 15, 2020). Accessed: May 15, 2020, at 10:00pm GMT
Source: Admiral Markets MT5 with MT5-SE Add-on DAX30 CFD Daily chart (between January 30, 2019, to May 15, 2020). Accessed: May 15, 2020, at 10:00pm GMT – Please note: Past performance is not a reliable indicator of future results, or future performance.
In 2015, the value of the DAX30 CFD increased by 9.56%, in 2016, it increased by 6.87%, in 2017, it increased by 12.51%, in 2018, it fell by 18.26%, in 2019, it increased by 26.44% meaning that after five years, it was up by 34.2%.
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