Important upcoming events and publications for May 14 (GMT):
08:30 U.K. Employment Report. Risks for GBP: High. Claimant Count Change is expected to rise by 24.2K, which is close to the average for the last 6 months but reflects the deterioration of the situation to the previous year. Data above expectations could increase pressure on the British pound.
09:00 German ZEW business sentiment Index. Risks for EUR: Moderate. Is expected to increase from 3.1 to 5.1. Last month, the indicator grew to positive territory for the first time since April 2018. The data above expectations are generally favourable for the Euro.
16:45 FOMC Member George speech. Risks for USD: Moderate. The speech draws attention in the light of the possible hints regarding monetary policy. The main question for Market participants whether the FED is preparing rate cuts in the foreseeable future. Hints of willingness to reduce the rate are able to weaken 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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