Weekly Overview of CFD Movements - 31/03/2025 - 04/04/2025
April 9, 2025
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 Eurodollar saw huge volatility last week as the pair tested another five-month high. The peak followed President Trump’s liberation day tariff announcement, which triggered a loss of confidence in the US dollar.
The British pound fell after the volatile pair hit a five-month high on stronger-than-expected UK data, but ended the week at a one month low as the greenback recovered slightly against its rivals.
The USD/JPY declined to its lowest level since early October. Safe-haven flows supported the yen, while a softer dollar fell on fears of slowing US growth.
Gold prices declined, but only after hitting a fresh all-time high on Wednesday due to trade war fears. The safe-haven metal pulled back after traders locked in profits.
U.S. stock markets sank nearly 10% as traders grew concerned about a potential recession after the US and then China imposed tariffs on each other, as the trade war escalated. Tech stocks took a hammering ahead of the earnings season, which kicks off next week.
Crude oil prices slipped to a four-year low after JP Morgan investment bank signaled a current 60% chance of a US recession in 2025. Traders are concerned that the possibility of a recession could reduce oil demand.