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67% 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. 67% 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.
75% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
EU Session Analysis for CFD Instruments 03/01/2024
Fundamental analysis
03 January, 2024
Crude oil is trading lower at around 70.36
Crude oil prices have fallen on the back of softer US economic data and a surprise uptick in OPEC production but is supported by Middle East tensions.
Weekend reports of ongoing attacks on cargo ships in Houthi-rebel-controlled waters off the coast of Yemen sparked a brief rally in Crude Oil bids, bolstered by reports that an Iranian warship had entered the region
Market fears of supply disruptions remain unrealized, deflating near-term price increases, and near-term action sees a fresh round of selling pressure after production figures from the Organization of the Petroleum Exporting Countries (OPEC) unexpectedly rose, adding 48K barrels per day to monthly production of 26.53 million bpd.
Adding to downside pressure, economic data from the US missed the mark once again, with the S&P Global Manufacturing Purchasing Managers’ Index (PMI) for December sliding to a four-month low of 47.9.
