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.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies