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.
- 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…
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