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70% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
70.41% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 all your money. Read full risk warning.
US Session Analysis for CFD Instruments 28/08/2023
Fundamental analysis
28 August, 2023
Oil bounced back today over the $80 resistance level with WTI futures trading at 80.31. Oil prices posted limited gains on Monday as investors awaited the release of Chinese economic data as well as comments from US Federal Reserve (Fed) officials to obtain guidance on further interest rate increases. The American benchmark West Texas Intermediate (WTI) traded at the same time at $80.11 per barrel, up 0.35% from the previous session close of $79.83 per barrel. The Chinese government's initiatives to boost its economy and markets lent support to crude oil prices during early Asian trade. At the weekend, the government announced plans to reduce by half the stamp duty on stock transactions as of Monday. This is the first decrease of its kind since the 2008 global financial crisis and is part of the government's most recent stimulus measures in response to the nation's patchy economic recovery.
