Important upcoming events and publications for May 29 (GMT):
07:55 Unemployment in Germany. Risks for EUR: moderate. This month, it is expected the number of unemployed drops by 8K after a decline by a 12K month earlier. the Number of unemployed maintains a trend of decline for more than five years, but the slowdown in economic growth may interrupt it. The data is less than the forecast favourable for the Euro.
14:00 Bank of Canada rate decision. Risks for CAD: high. BoC is expected to keep the key rate at 1.75% and stick to a wait-and-see mode. The willingness to lower the rate may become an unpleasant surprise for the Canadian dollar.
- 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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