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 monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
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