October 28, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
The EUR/USD hit a five-day low on ongoing concerns about the economic situation in France amid protests in that, and a number of European countries last week.
The British pound climbed to a one-month peak after UK inflation linked data mostly came in higher than expected, deepening expectations that the Bank of England could hike rates on November 5.
The USD/JPY dropped to a one-month low, as investors weighed the prospect of a Bank of Japan rate hike against and the chances of further Japanese government intervention to support the yen.
Gold prices fell sharply, dropping below $4000 for the first time since July and reaching a three-month low. Worries about high inflation due to rising oil prices are causing the markets to re-assess the chances of further rate hikes in December and next year.
The US S&P 500 finished the week lower after tech stocks sold off on concerns that AI spending might be too high. In the earnings season Meta and Tesla both beat earnings expectations.
Oil prices surged to a six week high as Houthi attacks on Saudi Arabian energy supplies and signs that the US may soon launch fresh strikes on Iran triggered fears of additional oil disruption.