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.
71% 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. 71% 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.
EU Session Analysis for CFD Instruments 24/08/2023
Fundamental analysis
24 August, 2023
Oil looks vulnerable early Thursday with WTI futures trading below 78.50. Oil prices fell overnight after disappointing US data, prompting speculation in the market that the Federal Reserve (Fed) may pull back on its more aggressive stance today. According to the U.S. Energy Information Administration's (EIA) Weekly Situation of Oil Report, crude oil volumes fell sharply to minus 6.135 million barrels in the week ending Aug. 18, below the forecast of minus 2.85 million barrels and the previous week's minus 596. 10,000 barrels disappeared.
