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 03/02/2023
Fundamental analysis
03 February, 2023
The EUR/USD pair declined and traded at 1.0892 this morning. The European Central Bank raised Interest Rates by 50 basis points to 3.25% as expected. Spanish, French, Italian and German Services PMI for January are all set to print later today. The United States reported Initial Jobless Claims at 183k vs 200k expected. Non-farm Payrolls for January will print later today. The Unemployment Rate for January are also set to be reported. ISM Non-Manufacturing PMI for January will be reported later today.
