Important upcoming events and publications for May 30 (GMT):
12:30 U.S. GDP Second Estimate. Risks for USD: moderate. Preliminary data showed an annualized growth by 3.2%, and it is expected a slight correction to 3.1%. Strong data can further strengthen the dollar.
14:00 U.S. Pending Home Sales Index. Risks for USD: low. In April it is expected 0.9% m/m increase and -0.2% y/y. The trend to reduce sales has been maintained for the last three years. Strong data can further strengthen dollar purchases.
15:00 U.S. Crude Oil Inventories. Risks for Brent, WTI: moderate. The latest data showed growth in inventories that lead to intensified fears of a Crude oversupply and put pressure on the price. Further growth of the indicator can increase the pressure on oil.
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