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.
- 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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