
Russian-Ukrainian conflict is influencing every economic aspect…
The market sentiment is risk-off. Stocks are falling, while the safe-haven US dollar is edging higher. Meanwhile, oil advanced after the OPEC meeting.
EUR/USD keeps moving inside the descending channel. It has just broken through the important support level of 1.1600. After a short pullback to this level, the pair is likely to continue falling further. The next support level is at 1.1565 – the low of October 1.
USD/JPY has surged above the key resistance level of 111.00 due to the strong USD. The way up to the next round number of 111.50 is open now. If the pair breaks through this resistance level, then it may advance to the high of September 30 at 112.00. Support levels are 110.80 and 110.50.
Russian-Ukrainian conflict is influencing every economic aspect…
Last week was full of surprises! The US dollar plunged despite a better-than-expected retail sales report…
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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