Weekly Overview of CFD Movements - 27/04/2026 - 01/05/2026
May 6, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
The EUR/USD pair ended the week slightly higher after the ECB and Fed met and kept rates unchanged as expected, while both central banks confirmed their ‘wait and see’ approach, due to inflation concerns triggered by the Middle East conflict.
The British pound pair hit a more than two month peak following a hawkish hold from the Bank of England, while UK data was mostly stronger over the week.
The USD/JPY traded much of the week higher before dropping to a two month low after the Bank of Japan stepped in to support the Yen in the currency markets.
Gold prices declined to a four week low after the more hawkish stance from the Fed offset safe haven demand, while elevated energy prices continued to worry traders that inflation might rise in the near future.
US S&P 500 stocks hit all time highs last week, supported by better than expected earnings from huge tech companies like Alphabet, Microsoft and Apple, with the iPhone maker reporting rising smartphone demand, despite falling sales in the overall global market.
Oil prices jumped to a three week high as ongoing disruption to shipping through the Strait of Hormuz and a reported breakdown in US-Iran negotiations increased concerns over oil supply shortages.