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.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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