Important upcoming events and publications for May 23 (GMT):
08:00 German Ifo Business Climate. Risks for EUR: Moderate. The index is expected to remain at 99.2. Since August last year, the index has been in decline, causing concern about the growth rate of the German economy. The values above the forecast are favourable for the
08:30 U.K. Retail sales. 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.
Elections to the European Parliament. Risks for EUR: Moderate. Voters from 28 EU countries will elect 751 members of the European Parliament for the next 5 years.
14:00 U.S. New Home Sales. Risks for USD: Moderate. In April, sales are expected to decline by 3.8% after a 4.5% increase. Since October last year, there is a trend for the growth of the indicator. The values above the forecast are favourable for the Dollar.
- 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…
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