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.
In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…
Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…
Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…
DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…
NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…
Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…
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