CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Weekly Analysis

Weekly Overview of CFD Movements - 23/03/2020 - 27/03/2020

Weekly Overview of CFD Movements 25/03/2020

25 March, 2020
Weekly Analysis 25/03/2020 Economic Calendar

The euro weakened last week against the dollar on strong dollar demand. However, it recovered on Monday and Tuesday as the Fed announce a massive asset buying program in an effort to prop up the cooling US economy.

The British pound fell sharply as the growing number of infected people in the UK and the lax response of the government spooked investors about the prospects of the post-corona and post-Brexit UK.

The Japanese yen continued to weaken against the US currency. The Japanese finance minister made comments on the ongoing unusual situation of investors' anxiety over the coronavirus outbreak, which has triggered an inflow of funds into dollars from riskier assets.

Gold prices bottomed out last week and reversed course on Monday after the announcement of the Fed’s extraordinary measures. On Tuesday, the yellow metal traded again above 1600 dollars per ounce.

Major world stock indexes were in free fall until Monday, loosing some 25 - 35 percent since the beginning of this year.

Crude oil prices fell sharply and touched multi-decade lows as the combined effect of global pandemic and the Saudi-Russian oil price war indicated a huge oversupply in months to come. However, the readiness of Texas, the biggest US producer, to cooperate with the OPEC in an effort to boost prices, received some attention from traders.

Share It With Your Network
Ready for trading?Start Now