Major movements in the currency market

😱 The Japanese Yen is struggling to keep afloat at its 22 years low.

😱 The euro sank to a 20-year low against the US dollar as the prospect of a less aggressive hiking cycle by the European Central Bank

😱 South Korea's June FX reserves fall by the most in 14 years due in part to dollar-selling intervention to support the won.

😱 Germany posted its first monthly trade deficit since 1991.

Not long ago, I read some information about a UK CFD broker where the CFO mentioned that every year, some absurdly high percentage of their customers (40%) saw their account balances go to zero.

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Why? Cos CFD broker is the only platform that offers leverage to retail investors and access to products that was only meant for institutional investors, such as bond and FX.

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