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.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
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