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.
- 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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