Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Chart Forum: Rough Day for Dollars (USD, CAD, AUD, NZD, SGD)

CMC Markets

Dollars are down across the board and around the world today. USD down against EUR as December taper speculation easing and EUR rebounds on strong Germany IFO survey. USDCAD breaks out of a symmetrical triangle, better than expected retail sales unable to overcome pressure. AUD and NZD under pressure on fears RBA may intervene in FX markets to drive dollar down and encourage NZD to do the same (RBNZ intervened earlier this year already) AUDUSD takes out a Fibonacci support level NZDUSD completes a head and shoulders top USDSGD completes a head and shoulders bottom You can access the Chart Forums through the links below or the Market Pulse drop down menu

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.