Warning of potential volatility (24 – 28 August)

This is just a quick warning to notify you of potentially volatile economic events taking place this week. We recommend you take them into consideration when trading.

Monday, 24th August 2020

  • 01:45: AUD — Retail Sales

Tuesday, 25th August 2020

  • 09:00: EUR — Gross Domestic Product, Germany
  • 17:00: USD — Consumer Confidence

Wednesday, 26th August 2020

  • 01:45: NZD — Trade Balance
  • 15:30: USD — Durable Goods Orders

Thursday, 27th August 2020

  • 15:30: USD — Unemployment claims
  • 15:30: USD — Gross Domestic Product
  • 15:30: CAD — Current Account
  • 16:10: USD — Fed Chair Powell Speaks
  • 17:00: USD — Pending Home Sales

Friday, 28th August 2020

  • 15:30: CAD — Gross Domestic Product
  • 15:30: USD — Personal Spending
  • 16:05: GBP — BOE Gov Bailey Speaks

*All times are server time (GMT+3)

We are not making predictions about how the market will particularly react. We are simply encouraging you to be careful when trading during the events. Liquidity runs out of the market and spreads consequently widen. This could have a knock-on effect on your open trades (i.e. stop outs etc.).

Should you have any questions, please do not hesitate to Contact Us.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 54.55% 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.