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We've rounded up the most important market events happening this week that could impact your trading decisions 📆

Monday:
🔹 HCOB to publish the Eurozone’s final services PMI for April
🔹 American Express to conduct Annual General Meeting
🔹 BitMart to introduce Friend3

Tuesday:
🔹 Germany to announce the Balance of Trade for March
🔹 The Ivey PMI for April is to be issued in Canada
🔹 EU to unveil the Retail Sales MoM for March

Wednesday:
🔹 EIA to report the Crude Oil Stocks Change for MAY in the US
🔹 LYRA to execute 1:1 migration to LDX
🔹 Germany to reveal the Industrial Production MoM for March

Thursday:
🔹 China to disclose the Balance of Trade for April
🔹 3i Group to present Annual results for the year to 31 March 2024
🔹 The BoE to announce Interest Rate Decision

Friday:
🔹 UK to unveil the Preliminary GDP Growth Rate for Q1
🔹 Canada to report the Unemployment Rate for April
🔹 UK to release its goods trade balance report for March

These events will offer many opportunities to profit from market movements.

Get ready for your trading sessions with a 50% bonus on your deposit using the promo code MONDAYMAY06 from $10 🏦

Join the market action on Pocket Option!

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Create: 2024-05-06
Last Update: 2024-06-20 16:39:23

Pocket Broker Telegram | DID YOU KNOW?

Telegram and Signal Havens for Right-Wing Extremists

Since the violent storming of Capitol Hill and subsequent ban of former U.S. President Donald Trump from Facebook and Twitter, the removal of Parler from Amazon’s servers, and the de-platforming of incendiary right-wing content, messaging services Telegram and Signal have seen a deluge of new users. In January alone, Telegram reported 90 million new accounts. Its founder, Pavel Durov, described this as “the largest digital migration in human history.” Signal reportedly doubled its user base to 40 million people and became the most downloaded app in 70 countries. The two services rely on encryption to protect the privacy of user communication, which has made them popular with protesters seeking to conceal their identities against repressive governments in places like Belarus, Hong Kong, and Iran. But the same encryption technology has also made them a favored communication tool for criminals and terrorist groups, including al Qaeda and the Islamic State.

Should You Buy Bitcoin?

In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.