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.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies