Weekly Analysis

Weekly Overview of CFD Movements - 05/11/2018 - 09/11/2018

Weekly Overview of CFD Movements 07/11/2018

07 November, 2018
Weekly Analysis 07/11/2018 Economic Calendar

The U.S. dollar weakened against the euro last week as its safe-haven appeal faded with the hope of a possible Sino-US deal by the end of this month, when President Donald Trump and the Chinese President Xi Jinping are scheduled to meet and discuss the end of the ongoing trade dispute.

The British pound strengthened on hopes and speculation that a final deal with the EU may to be reached soon. At a policy meeting last week, Bank of England Governor Mark Carney signaled rate hikes on the horizon, upon condition of an orderly Brexit.

The Japanese yen weakened as the Bank of Japan met and announced that it will continue with its loose monetary policy.

Overall, the US dollar weakened in spite of better than expected data from the US labor market last Wednesday which also saw unemployment remain at the lowest rate for 49 years.

U.S. stocks turned lower last week as quarterly earnings results of several companies were mixed and as fears of decelerating global growth reinforced negative sentiment on Wall Street.

The Turkish lira continued its recovery and practically erased all losses posted since the beginning of August. Improved relations between Ankara and Washington have underpinned the Lira’s rise.

Gold prices were little changed last week, but ended slightly higher due to a weaker dollar and increased risk off sentiment.

Oil prices continued to edge down last week on the news that the Trump administration would impose gradual sanctions on Iran to prevent spikes in oil prices. The US granted temporary oil import waivers for 180 days to eight countries – China, India, South Korea, Italy, Greece, Japan, Taiwan and Turkey.

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Be aware of the Working hours of the global financial markets for Good Friday / Easter 19.04.2019. - 22.04.2019.

Instrument 19.04.2019 22.04.2019
ALL FOREX Regular Regular
Indices
S&P 500 closed Regular
NASDAQ 100 closed Regular
DJ 30 closed Regular
DAX closed closed
FTSE 100 closed closed
CAC closed closed
IBEX35 closed closed
DJ_EUR50 closed closed
Nikkei 225 closed Regular
HSI closed closed
FTSEMIB40 closed closed
ASX 200 closed closed
Russell 2000 closed Regular
AEX25 closed closed
CHINA 50 closed Regular
SMI closed closed
DOLLAR INDEX closed Regular
Energy
Crude oil closed Regular
Brent Oil closed Regular
Natural Gas closed Regular
Heating oil closed Regular
Gasoline closed Regular
Commodities
Corn closed closed
Soybeans closed closed
Wheat closed closed
Sugar closed Late open - 11:30
Cotton No.2 closed Closed
Metals
Gold closed Regular
Silver closed Regular
Copper closed Regular
Palladium closed Regular
Platinum closed Regular
Bonds US
Bonds closed Regular
Equities
Equities Germany closed closed
Equities UK closed closed
Equities French closed closed
Equities Spain closed closed
Equities Italy closed closed
Equities US closed Regular

Please note: all times indicated are GMT.

Please note: In case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.

The above times may be subject to change.

84% 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.