Market Review 10-09

Market Review 10-09

Yen, franc sink as fading risks take shine off safe havens

The yen and Swiss franc fell to five-week troughs on Thursday as investors looked for higher-risk currencies, emboldened by a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a trade war breakthrough.

“Over the past 24 hours there has been a move towards more risk-friendly, pro-growth currencies,” Rodrigo Catril, senior foreign exchange strategist at National Australia Bank in Sydney.

“But it is kind of a lull period following a whole stream of positive news last week. We’re in a wait-and-see mode with major risk events like Brexit and trade negotiations being kicked down the road.”

The pound stood just under a six-week high of $1.2385, hit overnight after a British law blocking a no-deal exit from the European Union came into force.

https://www.cnbc.com/2019/09/10/forex-markets-us-china-trade-war-in-focus.html

Trading Central – USD/CHF

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10396949

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.0080
1
€ 3,014.68
€ 6,029.36
€ 1,503.98
5
€ 15,073.41
€ 30,146.81
€ 7,519.87
10
€ 30,146.81
€ 60,293.63
€ 15,039.75
25
€ 75,367.04
€ 150,734.07
€ 37,599.37
50
€ 150,734.07
€ 301,468.15
€ 75,198.75

Trading Central – USD/JPY

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10396947

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 108.95
1
€ 3,014.68
€ 6,029.36
€ 1,386.00
5
€ 15,073.41
€ 30,146.81
€ 6,930.00
10
€ 30,146.81
€ 60,293.63
€ 13,860.00
25
€ 75,367.04
€ 150,734.07
€ 34,650.00
50
€ 150,734.07
€ 301,468.15
€ 69,300.00

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.79% 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. Find more details about risk here.

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