Last week we observed the strong drop in the euro after the ECB's decision to lower all the key rates by 0.1%. In addition, the single currency is not going to develop a correction after the steep fall of the British Pound at the market open, and at the moment the euro is once again trading at the lows near 1.2950/30. As a result, the most profitable trade of the week, made by our client, was the long trade with the cross-rate CAD/CHF (buying on September 3 at 21:15 UTC at the price of 0.84323 / selling on September 4 at 16:43 UTC at the price of 0.85715). This resulted in the profit of 1.7%.
In the sector of contracts for difference (CFD) the most profitable trade involved GER30. The trade resulted in the profit of 187 pips (buying on September 2 at 17:57 UTC at the price of 9484 / selling on September 3 at 8:34 UTC at the price of 9671). In percentage terms, the profit equals to 2%. Rolling over the trade to the next day did not cost anything to our client, because Aforex does not charge for financing CFD positions on indexes and commodities!
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