CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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.

May 2021 EVENTS - 04/05/2021

Micro Analysis

04 May, 2021

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

  • US ISM Manufacturing PMI (April) (May 3rd at 15:00 GMT+1)

March’s PMI printed at 64.7. The consensus forecast for April is 64.9.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Bank of England Meeting (May 6th at 12:00 GMT+1)

Bank of England expected to leave rates unchanged at their current rate of 0.10%.

Possible Influence: Volatile GBPUSD

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (April) (May 7th at 13:30 GMT+1)

The Unemployment rate for March was 6.0%. It is expected to fall to 5.8% in April. Non-Farm Payrolls are expected to print up 980,000 for April, up from a rise of 780,000 in March.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Inflation data in US (April) (May 12th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 0.6%, Month-over-Month in March. CPI for March was 0.3%, Month-over-Month. April’s numbers are expected to come in at 0.4% and 0.2% respectively.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in US (April) (May 14th at 13:30 GMT+1)

Retail Sales rose 9.8%, Month-over-Month, in March. They are forecast to rise 3.0%, Month-over-Month in April.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US GDP Growth Rate 1st Quarter, 2nd reading (May 27th at 13:30 GMT+1)

The United States will post the second reading of its 1st Quarter of 2021 GDP results. The first reading was up 6.4%, Quarter-over-Quarter. The 4th Quarter of 2020 saw GDP rise 4.3%, Quarter-over-Quarter.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US EARNINGS SEASON (May, 2021)

Earnings season continues in May. Some of the major companies scheduled to report their quarterly earnings in May are Berkshire Hathaway, Moderna, Uber, Ferrari, Virgin Galactic, Disney, AirBnB, Walmart, Paypal, Tilray, Alibaba, and Nvidia.

Possible Influence: US Stocks and Indices

  • U.S. Stimulus (May)

President Biden has put forward two different large spending proposals that could be debated in the U.S. Congress in May. They are his $2.3 trillion infrastructure bill and his $1.8 trillion family act. Both proposals face resistance from the Republicans and even some members of his own party. He will need every Democrat on board to have a chance at passing these massive spending and tax bills.

Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies

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Be aware of the holiday trading hours for:

  • Early May Bank Holiday: United Kingdom, Monday 03 May 2021.
Instrument 03.05.2021 04.05.201
ALL FOREX Regular Regular
Indices
UK 100 Closed Regular
Equities
Equities UK Closed Regular
  • Ascension Day: Sweden, Norway, and Finland, Thursday 13 May 2021.
Instrument 12.05.2021 13.05.2021 14.05.2021 17.05.2021
ALL FOREX Regular Regular Regular Regular
Equities
Equities Stockholm Closed Closed Closed Closed
Equities Helsinki Closed Closed Closed Closed
Equities Oslo Closed Closed Closed Closed
  • Hari Raya Puasa, Thursday, 13 May 2021 in Singapore.
  • Buddha’s Birthday, Thursday 19 in Hong Kong.
Instrument 13.05.2021 14.05.2021 19.05.2021 20.05.2021
ALL FOREX Regular Regular Regular Regular
Indices
Hong Kong 50 Regular Regular closed Regular
CHINA 50 closed Regular Regular Regular
  • Please note all times indicated are GMT
  • The above times may be subject to change
  • Please note that in case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how leveraged contracts work and whether you can afford to take the high risk of losing your money.