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 - 22/07/2024 - 26/07/2024

Weekly Overview of CFD Movements 31/07/2024

31 July, 2024
Weekly Analysis 31/07/2024 Economic Calendar

The Eurodollar rose ahead of this week's Federal Reserve meeting. The Fed is widely expected to keep rates steady at this meeting, but a quarter-point cut is expected at the following meeting in September.

GBP/USD hit a new two-week low as investors await the Bank of England's monetary policy meeting on Thursday. The BoE is anticipated to lower its interest rates by 25 basis points to 5%, marking the first rate cut by the BoE in over four years.

The USD/JPY remained fairly steady after the Japanese yen saw its strongest weekly rally since late April. The yen is strongly supported by increasing speculation about a possible interest rate hike by the Bank of Japan this week.

Gold prices are stabilizing following sharp declines last week, with traders closely watching the upcoming Federal Reserve meeting for any indications about interest rate changes. Signals regarding when the Fed might begin reducing rates will be carefully monitored.

U.S. indexes prices increased in anticipation of upcoming tech earnings reports and this week’s Federal Reserve meeting. Although no changes are expected from tomorrow's Fed meeting, Morgan Stanley suggests that Jerome Powell is likely to signal that the Fed is approaching a rate cut. Increased volatility may be ahead, with earnings reports from Apple, Amazon, Intel and Meta Platforms due later this week.

Oil prices fell to $75.5, extending previous losses amid concerns about demand in China, the world's largest crude importer. The prices weaken after Israel indicated that its response to a Hezbollah rocket strike in the Israeli-occupied Golan Heights on Saturday would be measured to avoid dragging the region into an all-out war.

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