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 - 04/11/2024 - 08/11/2024

Weekly Overview of CFD Movements 13/11/2024

13 November, 2024
Weekly Analysis 13/11/2024 Economic Calendar

The Eurodollar fell sharply to a four month low, as the dollar jumped in value against its peers after Donald Trump won US presidential elections.

The British pound also traded lower in a week that saw both the Bank of England and the US Fed cut interest rates by 25 basis points.

The USD/JPY finished slightly higher after a number of investment banks outlined that there could be scope for the Bank of Japan to increase rates in the coming months.

Gold prices fell after a relatively comfortable election victory by Republican Donald Trump. Markets had previously been concerned that a disputed election could cause political and civil turmoil in the United States.

Stock prices surged as traders responded positively to the US election outcome, pushing shares to all time highs. The prospect of potential tax cuts bolstered the positivity in the markets.

Crude oil prices declined slightly after hitting a midweek three week peak. Oil prices fell following continued weak demand from China for the month of October.

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