Important upcoming events and publications for May 6 (GMT):
08:00 Eurozone Composite PMI (final assessment). Risks for EUR: Low. The index is expected unchanged from 51.3, close to 4.5 years lows. Values above 50 indicate increased activity. Stronger than expected data is able to support the euro.
13:30, 14:00 FOMC Harker and Williams speak. Risks for USD: Moderate. Market focus is on inflation estimates and forecasts and commentaries on Friday’s labour market data, that can affect expectations of the U.S. monetary policy.
18:00 BoC Poloz speaks. Risks for CAD: High. Market focus is on the assessment of the situation in mortgage lending and hints on the prospects of monetary policy.
May 7, 04:30 RBA rate decision. Risks for AUD: High. Majority of analysts are expected rate cut to a new historical low 1.25% after almost 3 years of unchanged rates. Hints of willingness to further cuts can increase the pressure for the Aussie.
- 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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