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.
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.

Weekly Analysis

Weekly Overview of CFD Movements - 11/09/2024 - 11/09/2024

Weekly Overview of CFD Movements 11/09/2024

11 September, 2024
Weekly Analysis 11/09/2024 Economic Calendar

The Eurodollar increased over the week but hit a more than two week low in a packed week of US data that sparked dollar volatility.

The British pound edged higher after released economic data suggested the UK economy is in better condition than previously estimated.

The USD/JPY dropped after Bank of Japan stated once again that the bank will continue to raise rates if the economy performs well in the upcoming period.

Gold prices fell slightly but the precious metal saw large price swings on Friday due to the under expectations NFP and Unemployment data. The precious metal came close to a fresh record peak, but retreated sharply and closed down on the week.

Stock index prices recorded their worst weekly performance in over a year, turning sharply lower last week after mixed US data reawakened fears of an economic slowdown.

Crude oil prices fell sharply to close just above $68 on Friday, hitting a more than one year low. News that OPEC would delay its planned output increase until the end of the year was not enough to offset worries over Chinese demand.

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