Gold Futures: Scope for extra advance
Traders increased their open interest positions for the second session in a row on Friday,
EUR/USD faces extra gains above 1.2180 – UOB
Extra gains seen in EUR/USD above the 1.2180 levels, suggested FX Strategists at UOB Group.
US: UoM Consumer Sentiment Index declines to 82.8 in May vs. 90.4 expected
Consumer confidence in the US deteriorated in May. US Dollar Index slumps to daily lows
US: Industrial Production expands by 0.7% in April vs. 1% expected
Industrial Production in US rose at a softer pace than expected in April. US Dollar
US: NY Fed’s GDP Nowcast falls to 4.9% for Q2 after this week’s data
The US economy is expected to grow by 4.9% in the second quarter of 2021,
CFTC Positioning Report: EUR net longs at 2-month highs
These are the main highlights of the CFTC Positioning Report for the week ended on
China’s NBS: Economic recovery remains uneven
Following the release of the April activity numbers, China’s National Bureau of Statistics (NBS) released a statement,
GBP/USD: Upside risk dissipated below 1.4000 – UOB
The prospects for the continuation of the uptrend in Cable appear mitigated below the 1.4000
Forex Today: Markets cautious after Chinese data, Musk melts Bitcoin, Fed speakers eyed
Here is what you need to know on Monday, May 17: The week begins with
AUD/USD now seen within the 0.7680-0.7830 range – UOB
In opinion of FX Strategists at UOB Group, AUD/USD is now forecast to navigate between