CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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 - 20/09/2021 - 24/09/2021

Weekly Overview of CFD Movements 22/09/2021

22 September, 2021
Weekly Analysis 22/09/2021 Economic Calendar

The euro weakened against the dollar. The pre-election lead of the center-left party (SDP) in Germany and their leader Olaf Schulz, inclined to form a coalition with the radical left, continued to weigh on the common European currency.

The British pound fell sharply amid the heightened “risk off” mood. The Bank of England will meet on Thursday and deliver its latest monetary policy decision and the quarterly inflation report.

The Japanese yen was little changed in choppy trade. Overall, the US currency strongly strengthened with the dollar index going well above 93 mark on Tuesday.

Gold prices fell sharply as US Treasury yields spiked last week. The US Federal Reserve could signal on Wednesday a move towards tapering of its bond-buying program later this year, despite concerns about the “fourth wave” of the pandemic. Softer inflation and a disappointing jobs report, however, point to a different conclusion.

US stock indexes fell sharply as fears of financial contagion spread all over the world. China's second-largest real-estate company remains in dire financial straits, which prompted a huge sell-off on Monday. Some investors now expect a substantial correction in stock markets by the end of this year.

Oil prices were little changed but were very volatile last week. Signs of U.S. supply tightening following the devastating hurricanes that hit the Southern US supported oil prices. On the other hand, Evergrande’s woes are threatening the outlook for the China's economy and making some investors question its growth outlook and whether it is safe to invest there.

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Be aware of the holiday trading hours for:

  • Monday, 11 October 2021 for the Thanksgiving Holiday in Canada.
  • Thursday, 14 October 2021 for the Chung Yeung Day holiday in Hong Kong.
Instrument 11.10.2021 14.10.2021 15.10.2021
ALL FOREX Regular Regular Regular
Indices
Hong Kong 50 Regular Closed Regular
CAD 60 Closed Regular Regular
Equities
Canadian stock Closed Regular Regular
  • The above times may be subject to change.
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  • The dates preceding and following this holiday have the regular trading schedule.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. 80% 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.