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. 77% 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 - 27/11/2023 - 01/12/2023

Weekly Overview of CFD Movements 06/12/2023

06 December, 2023
Weekly Analysis 06/12/2023 Economic Calendar

The Eurodollar traded lower after hitting a three month peak earlier in the week. Fed Chair Powell’s cautious speech on Friday disappointed traders who were hoping for a signal that interest rate cuts are on the way next year.

The British pound climbed to another two month high against the dollar following better than expected GDP data from the UK.

The USD/Yen pair fell sharply after investment bank analysts estimated that the bank of Japan is debating whether to end its negative rate interest rate policy.

Gold prices jumped sharply higher and hit an all time high of 2144 dollars by the end of the week. Israel resumed its military operation after a truce allowed the release of hostages, as tensions rose in the middle east.

US stocks marked their fifth consecutive week in the green. On November 30th Tesla successfully made its first deliveries of its eagerly awaited Cybertruck.

Oil prices declined after traders appeared unimpressed by OPEC’s agreement for additional voluntary cuts in production until the end of the first quarter of 2024.

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