Important upcoming events and publications for May 7 (GMT):
09:00 European Commission Economic Forecasts. Risks for EUR: moderate. Market focus is on inflation and economy forecasts. More healthy than expected estimates can enhance the purchase of the euro.
15:35 FOMC member Randal Quarles speech. Risks for USD: low. The planned speech will be devoted to financial supervision. The attention of market participants is to possible regulatory changes, as more strict regulation is often negatively affecting the shares of financial sector companies.
May 8, 02:00 RBNZ rate decision. Risks for NZD: high. RBNZ is expected to keep the rate at 1.75%. Market focus is on the comments on the further prospects of the rates. Hints of readiness to cut very soon may push the New Zealand dollar lower.
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
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