CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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 - 21/10/2024 - 25/10/2024

Weekly Overview of CFD Movements 30/10/2024

30 October, 2024
Weekly Analysis 30/10/2024 Economic Calendar

The Eurodollar saw another week of decline, recording an almost three month low as the Greenback continued to gain growth against most of its peers.

The British pound fell as expectations built that the Bank of England will likely cut interest rates in the upcoming months.

The USD/JPY climbed close to a three month peak after Japanese government officials implied that rates are unlikely to increase in the near future.

Gold prices jumped to another all time peak on rising geopolitical tensions in the Middle East and between China and Taiwan. The US Presidential Election remains too close to call and concerns over a potentially disputed election result could cause instability in the United States.

Stock prices fell for the first time in six weeks as markets digested the earnings season, ahead of the uncertain US Presidential Election. Tesla posted better than expected earnings with the stock jumping to a more than three month high.

Crude oil prices climbed in a volatile week that saw oil prices hit a ten day high. Prices were underpinned by rising fear that Israel was likely to launch an attack against Iran, potentially disrupting regional oil supplies.

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