CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.

Weekly Analysis

Weekly Overview of CFD Movements - 04/09/2023 - 08/09/2023

Weekly Overview of CFD Movements 13/09/2023

13 September, 2023
Weekly Analysis 13/09/2023 Economic Calendar

The Eurodollar hit a three-month low after the higher-than-expected NFP data.

The British pound dollar currency pair declined to multi month lows after US Treasury yields rose throughout the week. The UK office of statistics confirmed that in 2020 the country suffered its biggest slump in more than three hundred years.

The USD/Yen pair hit a fresh ten-month high as it climbed. On Wednesday a Bank of Japan board member, Takata, ruled out an early exit from negative interest rates.

Gold prices fell last week as the dollar rose against most of its rivals, putting pressure on the precious metal.

US stocks fell last week as investors continued to fret over the state of the Chinese economy, amid poor data. Meanwhile traders were looking ahead to September 12ths Apple event. The company plans to unveil its new iPhone 15 alongside other products.

Oil prices jumped to a ten-month high after Saudi Arabia and Russia decided to continue their voluntary production cuts of 1 million and 300,000 barrels per day respectively until the end of the year.

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