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.
Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…
EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…
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