Categories: Market Overview

Important upcoming events and publications

Important upcoming events and publications for May 17 (GMT):

09:00 Eurozone consumer price Index. Risks for EUR: Low. It is expected price growth rate is at 1.7% y/y. Since the beginning of the year, inflation in the region has been accelerating. Higher values are favourable for the Euro.

14:00 U.S. Consumer Sentiment Index. Risks for USD: Moderate. The preliminary May estimate is expected to show slight growth from 97.2 to 97.8. The indicator is gradually recovering from the drop in January. Growth above expectations could support the dollar.

17:00 U.S. Baker Hughes U.S. Rig Count. Risks for #Brent, WTI: Moderate. The indicator has been decreasing since the beginning of the year, reflecting the decline in drilling activity, despite the relatively high Crude prices. A sharp decline may support the growth of oil prices.

Detailed economic calendar

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

4 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

4 days ago

This website uses cookies