CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.

Weekly Analysis

Weekly Overview of CFD Movements - 19/02/2024 - 23/02/2024

Weekly Overview of CFD Movements 28/02/2024

28 February, 2024
Weekly Analysis 28/02/2024 Economic Calendar

The Eurodollar climbed on better than expected data from the European economy suggested an improving economic outlook.

The British pound rose against the greenback after the publication of the Fed minutes did little to impact the decline of the dollar against most of its rivals.

The USD/Yen continued to rise last week after Bank of Japan governor stated that inflation was increasing. This is giving rise to hopes that the Bank of Japan is likely to end negative interest rates in March.

Gold prices pushed higher after another failed attempt at a ceasefire between Israel and Hamas. Israel stated that unless Hamas releases its hostages, Israel will launch a ground invasion into Rafa, which could send many thousands of refugees into Egypt.

Stocks climbed again as indices hit another all time high led by AI chip stock NVIDIA, which published record earnings. Tech stocks in particular continued to rise, with Microsoft now valued at the $3 trillion dollar level.

Oil prices declined on continuing concerns that the Chinese economy is underperforming. In the middle east, despite previous failures in negotiations, talks between Israel and Hamas are ongoing and the US remains optimistic that a ceasefire can be agreed.

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