Weekly Overview of CFD Movements - 12/10/2026 - 16/10/2026
October 21, 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 tumbled to a more than one-year low after higher than expected US inflation data, but recovered to trade most losses after Fed Chair Kevin Warsh’s comments restored expectations that interest rates would remain unchanged in October.
The British pound jumped to a more than three week high after stronger than expected UK GDP and trade data, increased expectations that the Bank of England would raise interest rates in November.
The USD/JPY edged lower as investors remained alert for possible Japanese government intervention in the currency markets to support the yen.
Gold prices closed the week in the red largely due to high inflation linked data, but recovered most losses after sliding to their lowest level in two weeks.
The US S&P 500 ended the week lower after elevated inflation levels and worries about AI spending gave traders the jitters midweek. On Thursday Tesla wowed investors with a presentation of its new Roadster car which appeared to land using rocket boosters.
Oil prices grew to hit a one month high amid persistent reports that tankers were being hit in the Strait of Hormuz, while Saudi oil supplies were also being targeted by Yemeni Houthis.