Important upcoming events and publications for May 10 (GMT):
08:30 U.K. Gross Domestic Product. Risks for GBP: High. The 1Q19 first estimate is expected to mark a growth increase from 0.2% q/q and 1.4% y/y to 0.5% q/q and 1.8% y/y. Data is worse than expected can strengthen the pressure on the British pound.
12:30 Canada Employment. Risks for CAD: High. In April it is expected job growth by 15K after a decline by 7.2K in March. Since the end of last year, there are increasing signs that the Canadian economy is experiencing difficulties with growth. Weak data put pressure on the Canadian dollar on expectations of a softer monetary policy.
12:30 U.S. Consumer Price Index. Risks for USD: High. CPI is projected to accelerate from 1.9% y/y to 2.1% y/y. However, after yesterday’s weak PPI, there are higher chances that consumer inflation will be below expectations. The slowdown in inflation is usually negative for the currency, as it reduces the chances for rate hikes.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
