CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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 - 26/04/2021 - 30/04/2021

Weekly Overview of CFD Movements 28/04/2021

28 April, 2021
Weekly Analysis 28/04/2021 Economic Calendar

The euro slightly strengthened against the dollar. At its monetary policy meeting, the ECB acknowledged improving conditions in a subtle manner by characterizing risks as balanced. However, rising US Treasury yields supported the dollar on Monday and Tuesday, ahead of the Federal Reserve meeting on Wednesday.

The British pound remained subdued last week. Improved risk on sentiment pushed the GBP/USD higher but corrective pullback prevailed from uncertainty over US President Joe Biden’s $2.25 trillion infrastructure spending, and a lack of post-Brexit trade deal between the UK and the European Union.

The USD/JPY hit a floor on Friday but rising US Treasury yields supported the dollar on Monday. Overall, the dollar was little changed around 91 points as the worsening health situation in emerging economies and a likely tax hike by the Biden administration continue to support the dollar.

Gold price were mainly flat, trading below the $1,800 level in a narrow range. Investors appear not to want to place any directional bets ahead of Wednesday’s Fed meeting.

The S&P 500 and Nasdaq hit all-time highs again on Monday. The busiest week of the earnings season is kicking off, with Big Tech companies expected to be in the focus such as, Apple, Facebook and Amazon.

Oil prices rose continued to trade in the 60-64 range. Investors remained concerned about fuel demand recovery as the number of COVID-19 cases in India (and Japan), the world's third-biggest crude importer (and the fourth one), continues to increase. OPEC+ is scheduled to meet on Wednesday, April 28. Meanwhile, Iran and the US continue hold negotiations in Vienna on how to revive the 2015 nuclear deal. Progress is being made, and any major breakthrough could bring more than 1 million barrels a day to the oil market in months to come.

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Be aware of the holiday trading hours for:

  • Early May Bank Holiday: United Kingdom, Monday 03 May 2021.
Instrument 03.05.2021 04.05.201
ALL FOREX Regular Regular
Indices
UK 100 Closed Regular
Equities
Equities UK Closed Regular
  • Ascension Day: Sweden, Norway, and Finland, Thursday 13 May 2021.
Instrument 12.05.2021 13.05.2021 14.05.2021 17.05.2021
ALL FOREX Regular Regular Regular Regular
Equities
Equities Stockholm Closed Closed Closed Closed
Equities Helsinki Closed Closed Closed Closed
Equities Oslo Closed Closed Closed Closed
  • Hari Raya Puasa, Thursday, 13 May 2021 in Singapore.
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Instrument 13.05.2021 14.05.2021 19.05.2021 20.05.2021
ALL FOREX Regular Regular Regular Regular
Indices
Hong Kong 50 Regular Regular closed Regular
CHINA 50 closed Regular Regular Regular
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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.