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.
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May 2024 EVENTS - 30/04/2024

Micro Analysis

30 April, 2024

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

May 2024 EVENTS

  • US ISM Manufacturing PMI for April (May 1st) at 15:00 GMT+1)

ISM Manufacturing PMI previous print was 50.3. The number was higher than the expected 48.5.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Federal Reserve meeting and press conference (May 1st at 19:00 GMT+1 and 19:30 GMT+1)

The US Federal Open Market Committee of the U.S Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 5.5%. Analysts expect the rate to remain unchanged at this meeting.

Possible Influence: Volatile US Dollar, Stocks, and Commodities

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (April) (May 3rd at 13:30 GMT+1)

The previous month had unemployment at 3.8%. Nonfarm Payrolls for the previous month printed 303,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Reserve Bank of Australia Interest Rate decision (May 7th at 05:30 GMT+1)

The RBA will meet to decide on interest rates. The current rate is 4.35%.

Possible Influence: Volatile Australian Dollar

  • Bank of England Meeting (May 9th at 12:00 GMT+1)

The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.25%. The rate was unchanged at the March 21st meeting and is expected to remain at the current rate this month.

Possible Influence: Volatile British Pound and British stocks

  • US Inflation data (April) (May 15th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 3.8%, Year-over-Year in March. Top-line CPI for February came in at 3.5%, above the expected 3.4%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in the US for (April) (May 15th at 13:30 GMT+1)

Retail Sales grew by 0.7%, Month-over-Month, in March, which was higher than expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Company Q1 Earnings Season (May)

The 1st Quarter earnings season continues in May with remaining major companies set to post their results.

Palantir will declare earnings on May 6th. Reddit, Walt Disney and Virgin Galactic will post results on May 7th. Chipmakers ARM and NVIDIA will reveal results on May 8th and May 22nd respectively. Alibaba will declare its results on May 17th (est).

Possible Influence: Volatile US Stocks

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which 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 understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital.

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You can lose all the balance of your trading account, but not more than that, due to Fortrade’s negative balance protection.

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