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April 22, 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 increased to its highest level in two months on reports of de-escalation between the US and Iran. The safe haven dollar fell after the two sides were expected to meet to negotiate a peace deal over the next few days
The British pound rose to multi month highs after higher than expected GDP and trade data boosted sterling and supported expectations that the Bank of England may opt for a rate hike soon.
The USD/JPY fell to a one month low to trade after the dollar fell against most of its rivals as the Middle East edged towards peace.
Gold prices ended the week at a one month peak as the dollar eased lower amid hopes that the inflationary impact of the Middle East conflict on the US economy may only be temporary. Lower inflation would leave the door open to a Fed rate cut before the end of 2026.
US S&P 500 stocks surged to all time highs amid optimism that the US-Iran conflict might be drawing to a close. Mostly positive results in the earnings season from banks like Goldman Sachs and JP Morgan and from Netflix also helped to boost market sentiment.
Oil prices dropped to a five week low after President Trump announced that Iran was re-opening the Strait of Hormuz, just ahead of further attempts at a US-Iran peace deal.