Weekly Overview of CFD Movements - 04/11/2026 - 04/11/2026
November 4, 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 dropped to a more than one-year low after the European Central Bank kept rates unchanged.
The British pound finished slightly higher after recovering from its midweek low as attention turned to the Bank of England interest rate decision on November 5. Current market expectations are that the bank will raise interest rates to 4.0%.
The USD/JPY climbed after the Bank of Japan held interest rates unchanged, but raised its inflation outlook. Meanwhile the dollar pared gains towards the end of the week.
Gold prices dropped to a one-year low as inflation concerns continued to weigh on the metal, while markets continued to assess the possibility of the Middle East conflict flaring up after the US Midterm elections.
The US S&P 500 ended the week with its steepest daily decline since June. Worries over AI spending and mixed earnings from companies weighed on tech stocks in particular.
Oil prices jumped to a five month high after more tankers were attacked in the Strait of Hormuz and following reports that some US staff in the Middle East were being evacuated.