Important upcoming events and publications for May 8 (GMT):
11:30 ECB President Mario Draghi speech. Risks for EUR: moderate. The speech will be for the youth audience, so it is unlikely that there will be announcements of major changes in monetary policy. Caution in economic assessments can cause pressure on the euro.
14:30 U.S. Weekly Crude Oil Inventories. Risks for Brent, WTI: Moderate. Recent weeks have seen an increase in inventories, which hinders the growth of oil prices. Further stock growth can put pressure on oil to revive fears of oversupply.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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