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 - 04/03/2024 - 08/03/2024

Weekly Overview of CFD Movements 13/03/2024

13 March, 2024
Weekly Analysis 13/03/2024 Economic Calendar

The Eurodollar fell after the European Central Bank decided to stick to its current interest rate of 4.5%. But ECB head Lagarde signaled that a June rate cut is likely.

The British pound pushed higher after the UK government cut taxes in its spring budget. It was also revealed that growth projections for the UK have increased from 0.8% to 0.9% this year.

The USD/Yen fell firmly last week after markets began to prepare for a potential interest increase from the Bank of Japan. The bank signaled it was moving towards hitting its 2% inflation target on Thursday.

Gold prices continued to climb to hit an all-time high on Friday after the US unemployment rate climbed from 3.7% to 3.9%. In Geopolitics Israel and Hamas ceasefire talks stalled and Israel stated it would continue its operation into Gaza.

The price of stocks had a volatile and mixed trading week after hitting another all-time high and then pulling back slightly on Friday. Amazon and Netflix both picked up awards at the annual Academy Awards for films shown on their streaming platforms.

Oil prices fell following mixed oil demand data from the world's second-largest consumer, China. Fears linger that the Chinese economy is still underperforming.

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