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.
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
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