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): 1st May – 5th May

Published: 30.04.2023
by Nick Alexander

Welcome traders to May’s first Trade Zone Week Ahead! Eightcap would like to introduce Vee Phan of Track Record as this month’s guest analyst. With his distinctive perspective, Vee will be assuming the mantle from Vladimir Ribakov, to continue your week-to-week analysis on developing patterns in the financial markets.

This week’s economic activities include the Federal Reserve’s decision this Wednesday, the U.S. Job Report and Central Bank Meetings from the Eurozone and Australia rounding up the week. But the Federal Reserve decision is set to be the highlight of the trading week, with expectations from the central bank to announce another quarter-point rate hike.

Amidst persistent inflation and growing concerns over the economic outlook, the Fed is expected to increase interest rates by another 25 basis points this coming Wednesday.

Tune in to Vee’s first Trade Zone Week Ahead live stream of the month. Join us today, at 7AM BST (4PM AEST), as Vee Phan starts your trading week with his fundamental and technical outlooks from the economic activities and news across Forex, Indices, and Commodities this week. Watch as he sets the tone for the next five weeks and furthers your understanding of the financial markets.

* The information provided on this page are the opinions of the author and do not necessarily reflect the opinions of Eightcap and are not endorsed by Eightcap.

Any person acting on the information presented on this page does so entirely at their own risk. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to any specific investment objectives, financial situation and needs of any specific person who may receive it.

Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.