CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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.

76.09% of retail investor accounts lose money when trading CFDs with this provider.

Trade Zone Week Ahead with Vee Phan (Track Record): 15th May – 19th May

Published: 14.05.2023
by Nick Alexander

The end of the previous trading week (week commencing 8th May) was relatively quiet as traders reviewed the latest data releases while keeping a close eye on all the news surrounding the banking crisis in the U.S. As expected, the Bank of England (BoE) raised its policy rate by 25 basis points to 4.5%. Even though the BoE revised inflation projections higher, sentiment from within was that there were good reasons to think that the Consumer Price Index would fall sharply from April.

Take another look at Vee Phan’s analysis from his Trade Zone Week Ahead (Week commencing 15th May). The economic events scheduled for the week include the BoE Monetary Policy Report Hearings, RBA Meeting Minutes, UK Unemployment Rate, Eurozone GDP, and U.S. Retail Sales. By considering these factors, Vee looks at what potential developments and shifts in trends we can anticipate in the markets for the upcoming week.

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