Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
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 28/04/2022
Fundamental analysis
28 April, 2022
During most of European trade, the British pound continued to weaken uncontrollably against the dollar. The US dollar is strengthening because financial participants are betting on the "hawkish" Fed at the next meeting, on May 4. Also, poor macroeconomic data in the UK from Friday threatens the prospects for an increase in the interest rate of the Bank of England, which puts pressure on the pound. The PMI indicators for the state of the British economy for April were much lower than expected. At around 13:30, the pound was exchanged for 1.2433 dollars, which represents a strengthening of the British currency by 0.84% since the beginning of trading last night.
