BoE Preview: Forecasts from 11 major banks, another dovish hike on the cards
The Bank of England (BoE) is set to announce its policy decision on Thursday, May
US: Supply issues, inflation and a pullback in demand weighed on ISM services – Wells Fargo
Data released on Wednesday showed the ISM Service Sector dropped unexpectedly to 57.1 in April.
Canada: Energy trade surplus at an all-time high in March – NFB
Canada registered another trade surplus in March, although below expectations: CAD 2.49 billion vs CAD 3.90
German Retail Sales drop 2.7% YoY in March vs. 7.0% previous
German Retail Sales arrived at -2.7% YoY in March vs. 7.0% previous Retail Sales in
Germany: Unemployment Rate stays unchanged at 5% as expected
Unemployment Rate in Germany stayed unchanged at 5% in April as expected. EUR/USD clings to
Eurozone Unemployment Rate drops to 6.8% in March vs. 6.7% expected
The Eurozone Unemployment Rate dropped to 6.8% vs. 6.7% expected and 6.9% reported in February,
USD/CAD Price Analysis: Bears pause on the way to sub-1.2700 zone
USD/CAD grinds lower following the biggest daily fall in a fortnight. Impending bear cross, trend
EUR/USD Price Analysis: Pullback remains elusive beyond 1.0590-85 support confluence
EUR/USD pares the biggest daily gains in two months around one-week high. Overbought RSI triggered
GBP/USD: Options market turns most bullish in a week ahead of BOE
GBP/USD pares the biggest daily gains since April 2021, defending the 1.2600 threshold during Thursday’s
USD/JPY bears commiting to the move following the Fed, testing key supports
USD/JPY is on the verge of a break of daily and hourly support. The Fed