Important upcoming events and publications for May 3 (GMT):
08:30 U.K. Services PMI. Risks for GBP: Medium. The overall index has been declining since June last year. The April assessment is expected to show growth from 48.9 to 50.4, i.e. from decline to sluggish growth. Higher values can support the Pound.
09:00 Eurozone CPI. Risks for EUR: High. The price growth rate slowed from October 2018, when it reached 2.3% y/y. The April assessment is expected to show growth from 1.4% to 1.6%. Higher values can support the euro.
12:30 U.S. Nonfarm Payrolls. Risks for USD: Very high. Markets are set for the increase by 181K in April, which is below a 196K past month. The average for the past 12 months is at 211K. The increase above expectations can significantly support the dollar.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
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