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.
- 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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