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.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
