Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Fed’s 10th Rate Hike – Interest Rates Increased by 25 bps

  

Significant events to watch:

-AUSTRALIA (AUD): Retail Sales

-USA (USD): CPI (YOY)

-UK (GBP): GDP (YOY)

AUSTRALIA (AUD): RETAIL SALES – Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.  Australia’s retail sales increased to 0.4% in April, better than the forecast of 0.3%.

The report is due Tuesday, 9 May at 01:30 GMT

USA (USD): US CPI (YOY) – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. The US CPI increased to 5.0% last month, lower than the forecast of 5.2%.

The report is due Wednesday, 10 May 12:30 GMT

UK (GBP): UK GDP (YOY) – Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.  The UK’s GDP rose to 0.6%, beating the forecast of 0.4%.

The report is due Friday, 12 May at 06:00 GMT

Risers and Fallers

-Nasdaq (+2.25%)

-Gold (-1.50%)

-Apple Inc. (+4.69%)

-AUDUSD (+0.84%)

Nasdaq – The Nasdaq increased 2.25% on Friday, reaching a daily high and low of 12262,32 and 12181,08, respectively.

Gold  The gold price was down 1.50% on Friday. Gold is trading at $2024.90. Central banks are increasing their gold reserves as geopolitical tensions rise.

Apple Inc. (NASDAQ: AAPL) –  Apple’s stock price was up 4.69% on Friday. The stock reached a daily high and low of $174.30 and $170.6, respectively. The stock is trading at $173.57 at the close.

AUDUSD – AUDUSD increased 0.84% on Friday. The pair is trading at 0.6751.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]