CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 84% 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.

May 2022 EVENTS - 29/04/2022

Micro Analysis

29 April, 2022

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

  • US ISM Manufacturing PMI (April) (May 2nd at 15:00 GMT+1)

March's PMI printed at 57.1. The consensus forecast for April is 56.8.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Reserve Bank of Australia (May 3rd at 05:30 GMT+1)

The Reserve Bank of Australia will meet to decide about interest rates. The rate is currently 0.10%. It was last changed at their November 2020 meeting when it was lowered 15 basis points.

Possible Influence: Volatile AUD

  • US Federal Reserve Meeting and Press Conference(May 4th at 19:00 GMT+1 and 19:30 GMT+1)

The U.S. Central Bank’s 2-day meeting concludes on May 4th. They will announce their latest interest rate decision and hold a press conference after to discuss their outlook moving forward as well as their plans for adjustments to their balance sheet. The current rate is 0.50%. They raised it 25 basis points at their last meeting on March 16th.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • Bank of England Meeting (May 5th)

The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 0.75%. It was raised 25 basis points at their last meeting on March 17th.

Possible Influence: Volatile British Pound and European stocks

  • OPEC+ Meeting (May 5th)

OPEC+ is scheduled to hold their next meeting on May 5th. OPEC+ is made up of the original OPEC cartel plus Russia. The group is expected to increase oil production by 400,000 barrels per day per month, according to their long-term schedule.

Possible influence: Volatile Oil and Energy

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (April) (May 6th at 13:30 GMT+1)

The Unemployment rate for March was 3.6%. It is expected to remain 3.6% for April. Non-Farm Payrolls are expected to fall to 415,000 for April, lower than March’s figure of 431,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Inflation data in US (April) (May 11th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 6.5%, Year-over-Year in March. April’s Core CPI is expected to rise to 6.6%, Year-over-Year. Top-line CPI for March came in at 1.2%, Month-over-Month. The forecast for Top-line CPI for April is 1.2%, Month-over-Month.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in US (April) (May 17th at 13:30 GMT+1)

Retail Sales rose 0.7%, Month-over-Month, in March. Retail Sales for April are forecast to rise 0.1%, Month-over-Month.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Earnings (May)

1st Quarter earnings season continues in May. Companies posting their financial results in May include Pfizer, Virgin Galactic, Cronos Group, Alibaba, Moderna, Disney, Plug Power, Baidu, Nvidia, Applied Materials, Weibo, Walmart, Home Depot.

Possible Influence: Volatile US Stocks and Indices

  • Ongoing Tension between the United States, Russia, Europe, and Ukraine (May)

The War in Ukraine will continue to drag on in May and probably longer. U.S. president Biden just asked the U.S. Congress for an additional $33 billion in aid to Ukraine to help them until September, including $20 billion for military support. Fighting remains heavy in the East of Ukraine. Russia would like to create a “Land bridge” to Crimea. Ukraine has insisted that they will not give up any territory. Peace talks remain at an impasse, according to both sides. The West continues to increase its sanctions against Russia and its many of its wealthiest citizens. Russia is demanding payment for its Natural Gas in Rubles, and may soon demand the same for Russian Oil. Germany has now withdrawn its opposition to a ban on Russian Oil and the EU may now consider such an embargo.

Possible Influence: Volatile US Dollar, Natural Gas, Volatile Russian Ruble, Gold, Oil, Palladium, and US Stocks

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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. 79% 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. 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.
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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. 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.
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.
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. 77% 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.
Trading foreign exchange and/or Contracts for Differences (CFDs) on a margin carries a high level of risk, and may not be suitable for all investors. CFDs are complex products, which are highly speculative and very risky, and investing in such products may result is losing all or most of your invested capital.