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 - 06/01/2020 - 10/01/2020

Weekly Overview of CFD Movements 08/01/2020

08 January, 2020
Weekly Analysis 08/01/2020 Economic Calendar

The euro was very volatile against the dollar. The euro initially continued to rise but the dollar pared gains on heightened Middle East tensions. However, the dollar receded on Monday as New York Fed President Williams said that if inflation continued to underrun target levels, this downward trend in inflation expectations would likely continue. Non-farm payroll data to be released on Friday will be a major market mover this week.

The British pound was also very volatile last week. UK Services PMI beat expectations on Monday recording 50 point levels, pushing the GBPUSD higher.

The safe-haven yen traded higher against the dollar amid intensifying Middle East tensions, but gave up some gains later.

The dollar index, which follows the performance of the US currency against its six major rivals, slid to 96 points at the very end of last year, its lowest level since July.

Gold prices rose sharply amid heated tensions between the US and Iran/Iraq. Stock indexes retreated after reaching all-time highs on Thursday on trade optimism.

Crude oil prices rose sharply surpassing 64 dollar a barrel on Monday after a U.S. air strike in Iraq killed Iranian General Soleimani on Friday. The U.S. military warned that there’s a “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia. Sanctions on Iraq, OPEC’s second largest oil producer, are looming after its parliament voted to expel American troops from the country in response to the Baghdad airport attack. Goldman Sachs warned that actual disruption to global crude supplies is needed to keep prices at current levels.

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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
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  • 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.
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