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 - 02/12/2024 - 06/12/2024

Weekly Overview of CFD Movements 11/12/2024

11 December, 2024
Weekly Analysis 11/12/2024 Economic Calendar

The Eurodollar increased and recorded a more than three week, high despite the collapse of the French government which will result in fresh elections in July or August next year.

The British pound climbed close to a one month peak after statements from Bank of England officials suggested that inflation will remain above the 2% in the medium term, limiting the possibility of interest rate cuts.

The USD/JPY edged lower as the pair traded in a range throughout the week after reports suggested the Bank of Japan could decide to hike rates soon.

Gold prices were slightly lower last week after NFP figures on Friday came in above expectations. However, the Fed is still expected to cut interest rates this month. Geopolitically, a civil war in Syria has been raging over the past week.

Stock prices rose again and struck another record peak last week after reports suggested that sales during the Black Friday weekend outperformed previous years.

Crude oil prices ended the week lower after OPEC met and decided to prolong production cuts by three months. Reports prior to the meeting suggested OPEC had been discussing a larger six month cut.

Share It With Your Network
Ready for trading?Start Now