Weekly Overview of CFD Movements - 27/07/2026 - 31/07/2026
August 5, 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 pair rose to a six-week peak after the Fed held rates unchanged and European and German GDP data came in above expectations.
The British pound climbed to a ten-day high after the Bank of England kept rates at 3.75%, but Governor Bailey outlined that the bank is sticking to a wait-and-see approach on possible future rate moves.
The USD/JPY dropped to an eleven-week low after reports suggested the Japanese government spent 6 trillion yen on supporting the currency. The Bank of Japan kept rates steady at 1.0%.
Gold prices ended the week lower but touched a 10-day low midweek. US inflation-linked data came in softer towards the end of the week, increasing hopes that the Fed will only hike once this year.
The US S&P 500 finished higher in a volatile week as a recent pullback in chip stock prices ended amid positive earnings results. Microsoft, Amazon, and Apple beat expectations, while concerns over AI spending eased.
Oil prices declined to a two-week low despite the resumption of US strikes on Iran, as traders focused on the hope of de-escalation after reports suggested that diplomatic channels between Iran and intermediary Pakistan remained open.