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.
- 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…
This website uses cookies
