Let’s take a look at the economic calendar and the most important events that will shake markets next week.
EUR/USD: forecast for May 1-5
EUR/USD opened the week with a bullish gap on the news that a pro-European candidate Emmanuel Marcon won the most votes in the first round of French presidential election. In the second round of the vote on May 7 Macron is expected to win against the Eurosceptic Marine Le Pen. Already at this point, many think that the European political risks have diminished. This is a bright spot for the euro.
Check key levels for USD/CAD and CAD/JPY.
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Find out the key levels for trading the GBP and the NZD ahead of the important releases.