Important upcoming events and publications for May 24 (GMT):
08:30 U.K. Retail sales (rescheduled from May 23). Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and 6.7% y/y a month earlier. The values above the forecast are favourable for the Pound.
12:30 U.S. Durable goods orders. Risks for USD: Moderate. In April, it is expected to fall by 2.0% after an increase of 2.7% a month earlier. Growth above the forecast is favourable for the dollar.
17:00 U.S. Rig Count. Risks for Brent, WTI: Moderate. Since February, the number of drilling rigs has been in decline, despite the rise of Crude oil prices. The decline is favourable for Crude Oil.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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