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.
70.91% 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. 70.91% 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 05/05/2025
Fundamental analysis
05 May, 2025
During Asian trading, the British pound rose against the US Dollar trading above 1.3200 levels.
The GBP/USD currency pair declined as the dollar weakened against most of its rivals with markets believing the Fed will cut rates at least 3 times this year, despite higher than expected NFP data on Friday. In the UK, there are no data releases due to a national holiday. In the US, S&P Global Services PMI for April (51.2 expected) will be released (14:45 GMT+1) and ISM Non-Manufacturing PMI for April (50.8 exp) will be posted (15:00 GMT+1).
