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.
69% 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. 69% 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.
67.52% 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. 67.52% 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 29/04/2022
Fundamental analysis
29 April, 2022
During Asian trade, the British pound recovered against the dollar. By the way, 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 since last Friday is undermining the prospects for an increase in the Bank of England interest rate which (since then) has been putting pressure on the pound. Namely, at that time (PMI) indicators on the state of the British economy for April were much lower than expected. The pound is exchanged for 1.2578 dollars, which represents the strengthening of the British currency by 0.89% since the beginning of trading.
