CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.
Fortrade
Opened Positions Logout
Contact Us Live Support
Search

February 2024 EVENTS - 01/02/2024

Micro Analysis

01 February, 2024

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

February 2024 EVENTS

  • OPEC’s Joint Ministerial Meeting (February 1st)

From January 2024 OPEC extended its existing supply cuts of 3.66 million barrels per day which is due to last until the end of 2024. It also agreed to reduce production on a voluntary basis (Saudi Arabia and Russia) by an additional 1.4 mln bpd. This month’s JMMC meeting will be held online.

  • Bank of England Meeting (February 1st at 12:00 GMT)

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 on December 14th and it was last raised by 50 basis points at the meeting in August.

Possible Influence: Volatile British Pound and British stocks

  • US ISM Manufacturing PMI for January (February 1st at 15:00 GMT)

January’s ISM Manufacturing PMI is expected to print 47. The previous print was 47.4.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (January) (February 2nd at 13:30 GMT)

The Unemployment rate for January is expected to print at 3.8%. The previous month had unemployment at 3.7%. Non-Farm Payrolls for December are expected to come in at 173,000 Nonfarm Payrolls for the previous month printed 216,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Reserve Bank of Australia Interest Rate decision (February 6th at 03:30 GMT)

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

Possible Influence: Volatile Australian Dollar

  • US Inflation data (January) (February 13th at 13:30 GMT)

Core CPI (excluding food and energy) was 3.9%, Year-over-Year in December. Top-line CPI for December came in at 3.4%, above the expected 3.2%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in the US for (January) (February 15th at 13:30 GMT)

Retail Sales grew by 0.6%, Month-over-Month, in December, which was higher than expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Company Q4 Earnings Season (February)

The 4th Quarter earnings season continues in February with many companies still to declare their results. Toyota will reveal its results on Feb 6th. Popular chip stocks ARM and NVIDIA will declare their earnings on Feb 7th and Feb 21st respectively. Alibaba and Walt Disney will also post on Feb 7th while Moderna will post results on Feb 22nd.

Possible Influence: Volatile US Stocks

Share It With Your Network
Australian Dollar - US Dollar Chart
Update Time: -
Highest
Lowest
Bid Price Ask Price
1M 5M H D W
Prices are loading..
Other Micro Analysis
28/03/2024April 2024 EVENTS
29/02/2024March 2024 EVENTS
29/12/2023January 2024 EVENTS
Ready for trading?Start Now
Special Reports Special Reports for CFD Instruments
Daily market review & analysis Daily EU Session & US Session Analysis for CFD Instruments
Technical Analysis Trading Central Technical Analysis System
Fortrade Ltd is authorised and regulated in the UK by FCA under the licence number 609970.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 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. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. See full risk warning

Risk warning   Privacy policy
CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS), and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade Australia accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Fort Securities Australia Pty. Ltd (T/A Fortrade Australia) |ABN: 33 614 683 831 | AFSL number: 493520

Risk warning   Privacy policy
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 Investment Industry Regulatory Organization of Canada (IIROC) 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.

Risk warning   Privacy policy

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada Email: [email protected]
Fortrade Canada Limited is regulated by the Investment Industry Regulatory Organization of Canada (IIROC) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.
Click here to see Fortrade Canada Limited on the IIROC website.

Regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.

Risk Warning and Disclaimer: CFDs are complex and highly speculative instruments, which 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 all your invested capital. Be Aware: You can lose all, but not more than the balance of your Trading Account. 76% of retail investor accounts lose money when trading CFDs with this provider. These products may not be suitable for all clients, therefore ensure, that you understand the risks and seek independent advice. Should you proceed with investment in CFDs on virtual currencies, please note, that the values are highly volatile and may result in a significant loss for a short period of time. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Risk warning | Privacy policy
Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

Risk warning | Privacy policy
Daily market review & analysis Weekly Analysis Technical Analysis Micro Analysis Special Reports Economic Calendar Publications
Main Site