FXTM Research Team
ForexTime (FXTM)
Trending topics:
Dollar: The US Dollar has been moderating as risk-on sentiment attempts to gather momentum, while investors begin pricing in expectations that US interest rates may turn negative before the year is over. Could the speeches by Federal Reserve officials over the coming days lead to major moves in the Greenback?
Gold: Bullion remains range-bound but has managed to seize on the chance to climb slightly higher, thanks to the softer Dollar. What would negative US interest rates mean for Gold prices?
Pound: The Pound is enjoying a slight lift as the UK is on the path towards reopening its economy. However, with Brexit negotiations set to resume this week, could the Pound see bouts of heightened volatility over the near-term?
Oil: Amid signs of more major economies reopening, Oil traders will be awaiting key monthly reports by OPEC and the IEA this week, while also keeping a watchful eye over US inventories. Can the current equilibrium hold for Oil prices?
Upcoming events/releases
Monday, 11 May – France set to reopen economy, Shanghai Disneyland to reopen, Brexit talks to continue
Tuesday, 12 May – Fed speak, US inflation
Wednesday, 13 May – US crude oil inventory, OPEC monthly report, UK GDP, EU industrial production
Thursday, 14 May – US initial jobless claims, IEA monthly report
Friday, 15 May – China’s industrial production, US and China retail sales, Brexit update, Euro-area GDP
Regions available to comment on:
Major markets: UK, Europe, Japan, US, Hong Kong, China
EMEA: Turkey, South Africa, Kenya, Nigeria, Russia
ME & GCC: Egypt, Lebanon, UAE, Saudi Arabia
Asia: Singapore, Malaysia, Thailand, Philippines, India
Disclaimer:This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 90% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended Content
Editors’ Picks
EUR/USD consolidates below 1.0900 following Wednesday's rally
EUR/USD trades in a tight range below 1.0900 after registering impressive gains on Wednesday. The US Dollar struggles to stage a rebound following the CPI-inspired selloff as investors await mid-tier data releases and comments from Fed officials.
GBP/USD corrects lower after testing 1.2700
Following Wednesday's upsurge, GBP/USD stretched higher and touched a fresh multi-week high at 1.2700 in the Asian session on Thursday. With the market focus shifting to US Jobless Claims data, the pair corrects lower in the European trading hours.
Gold price drifts higher as US CPI inflation fuels Fed rate cuts
The Gold price gains traction amid the weaker US Dollar on Thursday. The recent CPI report showed inflation in the US slowed in April, prompting market players to increase their bets on the US Fed rate cuts this year.
DOGE’s 15% upside potential hinges on Bitcoin holding above $65K
Dogecoin price is trading with a bullish bias, leading meme coins north as sector bulls resurface. This show of hand comes after Bitcoin price broke past the $65,000 threshold and could extend if the pioneer cryptocurrency holds above this level.
Dow Jones Industrial Average soars 350 points, sets new all-time high as rate cut hopes surge
The Dow Jones Industrial Average clipped into a fresh all-time high on Wednesday, gaining almost nine-tenths of a percent during the US market session after US Consumer Price Index inflation slipped further back.