CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 - 13/01/2020 - 17/01/2020

Weekly Overview of CFD Movements 15/01/2020

15 January, 2020
Weekly Analysis 15/01/2020 Economic Calendar

The euro slid against the dollar but recovered on Friday when poor NFP data showed a decelerating trend on the US labor market, causing the dollar to reverse its fortunes on that day.

The British pound fell steeply against the dollar. Weak GDP figures on Monday and dovish comments of Mark Carney last week sent the British currency down. His words about the potential need of a “prompt” monetary response were followed by calls for an additional rate cut, currently set at 0.75%.

The Japanese yen weakened strongly ahead of the expected signing of the trade deal between the U.S. and China, and after tensions between the US and Iran eased last week.

Overall, the dollar index rose above 97 points with traders looking forward to crucial inflation data this week.

Gold and silver prices fell sharply amid de-escalation of tensions in the Middle East between the US and Iran and on profit taking due to high appreciation marked in previous days.

Stock indexes touched new all-time highs. Investor optimism on a first phase trade deal due to be signed imminently, coupled with bullish sentiment on tech giants like Apple, Microsoft and Tesla helped technology stocks continued their march higher.

Crude oil prices fell sharply below 59 dollar a barrel on Tuesday after US and Iran retreated from the brink of direct conflict. Oil traders await the signing of the phase one trade deal between the U.S. and China on Wednesday, which could contain promises by Beijing to buy more crude from the U.S. This week crude prices were also supported by official data from China early on Wednesday showing that Crude imports rose by 9.5% over last year, proving that demand for oil remains very strong in the country.

Share It With Your Network
Ready for trading?Start Now
Close

Be aware of the following holiday trading schedule:

  • Martin Luther king US holidays 20.1.2020
Instrument 20.01.2020 21.01.2020
ALL FOREX Regular Regular
Indices
S&P 500 Early close 17:59 Regular
NASDAQ 100 Early close 17:59 Regular
DJ 30 Early close 17:59 Regular
Russell 2000 Early close 17:59 Regular
DOLLAR INDEX Early close 17:59 Regular
Energy
Crude oil Early close 17:59 Regular
Brent Oil Regular Regular
Natural Gas Early close 17:59 Regular
Heating oil Early close 17:59 Regular
Gasoline Early close 17:59 Regular
Commodities
Corn closed Regular
Soybeans closed Regular
Wheat closed Regular
Sugar closed Regular
Cotton closed Regular
Metals
Gold Early close 17:59 Regular
Silver Early close 17:59 Regular
Copper Early close 17:59 Regular
Palladium Early close 17:59 Regular
Platinum Early close 17:59 Regular
Bonds US
Bonds Early close 17:59 Regular
Equities
Equities US closed Regular
  • Please note: In case of low liquidity in a specific instrument, Fortrade may widen the spreads or even close the instrument for trading. Notifications will be issued regarding any such changes to the trading schedule.
  • 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  • The above times may be subject to change.
  • All times are GMT (0)