Important upcoming events and publications for May 9 (GMT):
15:30 The Fed Chairman Jerome Powell speech. Risks for USD: High. Market attention is to possible comments on monetary policy. Recently, the Fed hints that do not intend to cut rate in the near future, despite market expectations of this move.
15:30 U.S. Producer Price Index. Risks for USD: Moderate. The annual growth rate of PPI had declined from July 2018 to February 2019. In March, the indicator increased from 1.9% to 2.2% y/y, and it is expected further acceleration in April to 2.3%. Data higher than expected may strengthen the dollar.
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…
NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…
Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…
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