Important upcoming events and publications for May 15 (GMT):
06:00 German GDP. Risks for EUR: Moderate. It is expected economic growth by 0.4% q/q and 0.7% y/y. Growth rate to the same quarter last year has decelerated 4Q17. Weaker than expected data may increase the pressure on the Euro.
12:30 Canada Consumer Price Index. Risks for CAD: High. It is expected increase by 0.4% m/m and 2.0% y/y. Restoration of inflation to the BoC target reduces the pressure on the Canadian dollar, suggesting a more hawkish tone for monetary policy.
12:30 U.S. Retail Sales. Risks for USD: High. It is expected growth in April by 0.2% after an increase of 1.6%. Lower than expected data as downward revision can cause pressure on the dollar.
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
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