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 - 15/11/2021 - 19/11/2021

Weekly Overview of CFD Movements 17/11/2021

17 November, 2021
Weekly Analysis 17/11/2021 Economic Calendar

The euro tanked against the dollar. Christine Lagarde, President of the European Central Bank, once again, pushed back against market speculation of a rate hike in 2022. In addition, the worsening health situation in Germany, Austria and the Netherlands is also weighing on the shared European currency.

Last week, the British pound slid to new lows but recovered on Monday. The latest meeting between the EU and UK was much better than last week, while Prime Minister Boris Johnson said that an agreement with the EU was possible and added that they hope to reach a negotiated settlement on the Northern Ireland Protocol.

The USD/JPY continued to rise as the 10-year US Treasury yield rose above 1.6%. Overall, the US dollar index surpassed 95 points and is at the highest level in almost two years.

Gold prices continued their upward trajectory rising closer to the $1,900 level as latest US CPI figures for October, where inflation rose to its highest since 1990, suggest the Fed may be forced to rise interest sooner rather than later in an attempt to curb inflation.

US indexes were little changed and were supported by excellent earnings results of public companies and the Fed’s ultra-loose monetary policy.

Oil prices retreated last week after OPEC cut its world oil demand forecast for the fourth quarter by 330,000 barrels per day from last month’s forecast. The strengthening of the US dollar also hampered oil prices. However, the oil market will remain tight in the short term, which should lend support to prices.

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Be aware of the holiday trading hours for:

  • Monday, 17 January 2022 for the Dr. Martin Luther King Day holiday in the US.
Instrument 17/01/2022 18/01/2022
ALL FOREX Regular Regular
Indices 17/01/2022 18/01/2022
USA 500 Early close 17:59 Regular
USA-TECH 100 Early close 17:59 Regular
USA 30 Early close 17:59 Regular
USA 2000 Early close 17:59 Regular
DOLLAR INDEX Early close 17:59 Regular
Energy 17/01/2022 18/01/2022
Crude oil Early close 19:29 Regular
Brent Oil Regula Regular
Natural Gas Early close 19:29 Regular
Heating oil Early close 19:29 Regular
Gasoline Early close 19:29 Regular
Commodities 17/01/2022 18/01/2022
Corn Closed Regular
Soybeans Closed Regular
Wheat Closed Regular
Sugar Closed Regular
Cotton No.2 Closed Regular
Metals 17/01/2022 18/01/2022
Gold Early close 19:29 Regular
Silver Early close 19:29 Regular
Copper Early close 19:29 Regular
Palladium Early close 19:29 Regular
Platinum Early close 19:29 Regular
Bonds US 17/01/2022 18/01/2022
Bonds Early close 17:59 Regular
Equities 17/01/2022 18/01/2022
Equities US Closed Regular
  • Wednesday, 26 January 2022 for the Australia Day holiday.
Instrument 26/01/2022 27/01/2022
ALL FOREX Regular Regular
Indices 26/01/2022 27/01/2022
AUS 200 Closed Regular
Equities 26/01/2022 27/01/2022
Equities AUS Closed Regular
  • The above times may be subject to change.
  • The dates preceding and following this holiday have the regular trading schedule.
  • Please note: In case of low liquidity in a specific instrument, Fortrade may widen the spreads or even close the instrument for trading. Notifications will be issued regarding any such changes to the trading schedule.

Risk Warning and Disclaimer

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. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.
CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 80% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.