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.
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
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