Important upcoming events and publications for May 16 (GMT):
09:00 Eurozone Trade balance. Risks for EUR: low. In March, the surplus is expected to decrease from 19.5B to B19.0B. Despite this, the surplus as a whole has been increasing since October last year, supported by a weak Euro.
12:30 U.S. Building Permits. Risks for USD: Moderate. In April, it is expected growth from 1269K to 1295K. The increase may be the first in three months and is able to support the purchase of the dollar.
15:15 Bank of Canada Governor speaks. Risks for CAD: High. The speech at the press conference on financial system review can shed light on monetary policy. Hints for a prolonged pause in the rate hike may weaken the Canadian dollar.
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
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