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September 30, 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 an almost two-month low after election results in Germany led to worries over further political instability in the country and the wider Eurozone.
The British pound fell sharply as concerns mounted that rising energy prices could lead to economic problems, forcing the Bank of England to consider an interest rate hike in October.
The USD/JPY climbed to a three week high as expectations built that the Federal Reserve could order another interest rate hike of 25 basis points in October. However, gains were pared by speculation that the Bank of Japan might intervene again to support the yen and the prospect of another rate increase.
Gold prices declined to a one-week low, as traders absorbed the results of a summit between President Trump and President Xi of China. While a trade truce between the US and China was extended by two months, no major deals were announced.
The US S&P 500 ended the week higher with the index and the tech heavy Nasdaq 100 hitting fresh record peaks. Tech stocks were lifted by renewed optimism for AI after Meta unveiled new smart glasses and announced plans to bring its Muse AI assistant to more devices.
Oil prices declined despite hitting a six-day high. Late in the week the US and Iran were reportedly considering a phased deal to re-open the Strait of Hormuz and to lift the blockade on Iran.