The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

The difference contract is a complex trading tool, and it is risk of rapid losses due to leverage.

You should consider whether to understand how the difference contract operates, and whether you have the ability to bear the high risk of losing funds.

News & Analysis

Market analysis

The Euro Faces Potential DisadvantagesCarolane de Palmas

2023-07-17 11:15

The latest price for EUR/USD is 1.1223, with an opening price of 1.1231. The minutes of the European Central Bank meeting indicate that the European Central Bank may need to continue raising interest rates after July to bring inflation back to its target level.
Interest rate hikes are expected to boost the euro, but economic risks in the eurozone remain a potential bearish outlook for the euro. Melanie Debono, a senior economic economist, said that commodity trade is unlikely to boost the eurozone's GDP in the second quarter. Debono pointed out that the EU's trade deficit narrowed significantly to 300 million euros in May, but the nominal deficit is still larger than in the first quarter. Unless export performance is strong in June, this situation will continue in the second quarter. She said: "The real Balance of trade of commodities in the first quarter boosted the growth of real GDP due to the decline of commodity imports and the slight increase of exports. But we believe that the improvement of real Balance of trade of commodities has subsided."
The temporary resistance of the euro against the US dollar seems to have formed at 1.1240 before 1.1270 (static level since March 2022) and 1.1300 (psychological level).