CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Weekly Analysis

Weekly Overview of CFD Movements - 28/08/2023 - 01/09/2023

Weekly Overview of CFD Movements 06/09/2023

06 September, 2023
Weekly Analysis 06/09/2023 Economic Calendar

The Eurodollar pushed to a two week high in the middle of the week on publication of higher than expected Eurozone inflation data, but traded lower by close of business on Friday.

The British pound dollar currency pair was stable with mixed US jobless data on Friday helping to support sterling to reverse earlier losses.

The USD/Yen pair hit fresh nine month highs before falling by the end of the week. On Thursday Bank of Japan board member, Nakamura, stated it was too early to tighten monetary policy.

Gold prices moved upwards, jumping to a one month high on Friday. A falling dollar, assisted by higher US unemployment data on Friday supported the precious metal.

US stocks continued to push higher last week. Economic worries in China and poor data released in Europe has made American stocks potentially more attractive to investors.

Oil prices jumped to a ten month high after Saudi Arabia appeared to confirm it will continue its voluntary production cuts of 1 million barrels per day. Russia also hinted it would cut oil exports by 300,000 bpd. Meanwhile US oil inventories again fell sharply, suggesting demand for oil is rising.

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