Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.
66% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.91% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
US Session Analysis for CFD Instruments 08/11/2023
Fundamental analysis
08 November, 2023
The USA500 is trading at 4,374 .
The S&P 500 has risen for seven sessions in a row, its longest winning streak in two years, gaining 6.3% in the process. Much of the propulsion has again come from big technology stocks. The tech-rich Nasdaq Composite is up 8.3% over an eight-day streak, also the best run in two years.
Driving the advance was a sharp fall in implied borrowing costs after last week’s Federal Reserve statement, and soft jobs data bolstered hopes that rate cuts could soon be on the horizon.
