#WaveAnalysis: #CADJPY is expected to rise further and retest the next round resistance level 84.00
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#WaveAnalysis: #Wheat is expected to rise further and retest the next round resistance level 500.00
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Dollar squeezes competitors out

#GBP declined past eleven of the last 12 trading sessions

#SPX grew around 0.8% on Tuesday but struggle to rise further on Wednesday morning

#EUR develops a downtrend, showing the 8th day of intraday lower lows and highs

#Tesla stocks declined below $200 on Monday and Tuesday

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Bitcoin is stuck near the $8K threshold as neither bulls nor bears have a clear advantage

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#WaveAnalysis: #USDCAD is expected to rise further and retest the next resistance level 1.3520
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#WaveAnalysis: #Platinum is expected to fall further and retest the next round support level 800.00
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🗓 Important upcoming events and publications for May 23 (GMT):

🇩🇪 08:00 German Ifo Business Climate. Risks for EUR: Moderate. The index is expected to remain at 99.2. Since August last year, the index has been in decline, causing concern about the German economy. The values above the forecast are favourable for the Euro.

🇬🇧 08:30 U.K. Retail sales. Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and 6.7% y/y a month earlier. The values above the forecast are favourable for the Pound.

🇪🇺 Elections to the European Parliament. Risks for EUR: Moderate. Voters from 28 EU countries will elect 751 members of the European Parliament for the next 5 years.

🇺🇸 14:00 U.S. New Home Sales. Risks for USD: Moderate. In April, sales are expected to decline by 3.8% after a 4.5% increase. Since October last year, there is a trend for the growth of the indicator. The values above the forecast are favourable for the Dollar.

Detailed economic calendar

The demand for the dollar as a safe haven currency continues to affect the markets. Major currencies are contracting to #USD. Key global indices lost 0.6%-1.4% over the last 24 hours. #Hang Seng at fell to the lowest level since January. #Brent Crude Oil lost 2%. #Bitcoin is sagging, losing 4%.

Bitcoin and the altcoin market as a whole have begun to give up, loosing almost 4% to $7,600 over the past 24 hours

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Fears of trade wars pushed markets to important levels

Chinese #HengSeng fell to 4-month lows and below the 200-day moving average;

#SPX decreased by 4.1% this month;

#EURUSD is melting to one step from important 2-years lows at 1.1100;

#Brent stood at $69.50, below important level $70 and MA50 and halfway from MA200 at $69 now.

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#WaveAnalysis: #WTI is expected to fall further and retest the next support level 57.50
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#WaveAnalysis: #EURCAD is expected to rise further and retest the next resistance level 1.5180
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🗓 Important upcoming events and publications for May 24 (GMT):

🇬🇧 08:30 U.K. Retail sales (rescheduled from May 23). Risks for GBP: High. Sales are expected to decline by 0.4% m/m and slowing to 4.5% y/y after jumping by 1.1% m/m and 6.7% y/y a month earlier. The values above the forecast are favourable for the Pound.

🇺🇸 12:30 U.S. Durable goods orders. Risks for USD: Moderate. In April, it is expected to fall by 2.0% after an increase of 2.7% a month earlier. Growth above the forecast is favourable for the dollar.

🛢 17:00 U.S. Rig Count. Risks for Brent, WTI: Moderate. Since February, the number of drilling rigs has been in decline, despite the rise of Crude oil prices. The decline is favourable for Crude Oil.

Detailed economic calendar

#USD retreats significantly to the so-called safe #JPY, #CHF. On Friday morning the stock markets note carefully rollback after the drop a day earlier, #Nikkei225, #SPX recoup some of their losses Thursday. #Brent recovering reduces more than 5.5% decline the day before. #Gold and #Bitcoin are growing up.

Markets recover after the drop
Demand for risky assets is straightened at the beginning of the day on Friday: stock indices are growing (#SPX), bond yields (#UST10) - recouple the recent decline. But for now, it's more like end-of-the-week profit-taking after the strong move.

#EURUSD bounced from1.1100.

Chart of the day: #USDX turned down after touching 2-year highs within an upward channel.

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#WaveAnalysis: #EURCHF is expected to fall further and retest the next support level 1.1180
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#WaveAnalysis: Gold is expected to rise further and retest the next resistance level 1300.00
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🗓 Important upcoming events and publications for May 27-31 (GMT):

Tuesday, May 28
🇺🇸 14:00 U.S. CB Consumer Confidence
🇳🇿 21:00 RBNZ Financial Stability Report

Wednesday, May 29
🇩🇪 07:55 German Unemployment
🇨🇦 14:00 Bank of Canada Overnight Rate

Thursday, May 30
🇺🇸 12:30 U.S. GDP, Second estimate
🛢 15:00 U.S. Weekly Crude Oil Inventories

Friday, May 31
🇨🇳 01:00 China Manufacturing PMI
🇩🇪 12:00 German CPI
🇨🇦 12:30 Canadian GDP
🇺🇸 12:30 U.S. Personal Income / Outlays

Detailed economic calendar

#USD retreats from the end of last week. #EUR once again above 1.1200, the victims of last week's #GBP, #AUD develops rebound. Stock indices (#DJI, #ChinaA50) are growing, pushed away from local lows. #Bitcoin made another breakthrough over the weekend.

Markets roll back after last week decline, EURUSD tests 1.1200. Again

A long weekend in the United States and the U.K. set up a sluggish course of trading on world markets;

10-years US Treasuries yield maintains the downward trend;

SPX, HengSeng sluggishly rebounding after a decline last week;

EURUSD again and again all over 1.1200;

Bitcoin jumped by 10% over the weekend after it settled down last week;

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#WaveAnalysis: #Wheat is expected to rise further and retest the next resistance level 500.00
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