MONDAY, May 11 The Week Ahead - May 11 2015

FXStreet ::: ECONOMIC CALENDAR  MONDAY, May 11 The Week Ahead - May 11 2015 MONDAY, MAY 11 GBP ::: BoE Asset Purchase Facility GBP ::: BoE Interest Rate Decision The Market is expecting BoE interest rate decision to stay at 0.5% & currently GBPUSD is at 1.54 & might continue climbing with steady steps up toward 1.58... As much 1.50 imp support hold GBPUSD is strongly bullish.  TUESDAY, MAY 12 GBP ::: NIESR GDP Estimate (3M) (Apr) As much 1.50 imp support hold GBPUSD is strongly bullish.  WEDNESDAY, MAY 13 EUR ::: Gross Domestic Product s.a (QoQ) (Q1) EUR ::: Gross Domestic Product s.a. (YoY) (Q1) EURUSD is currently at 1.11 & if GDP number came in green EURUSD price might continue pushing up & next resistance level for EURUSD might be 1.14  GBP ::: BOE's Governor Carney speech GBP ::: Bank of England Quarterly Inflation Report  As much 1.50 imp support hold GBPUSD is strongly bullish.  EUR ::: ECB Monetary Policy Meeting Accounts  USD ::: Retail Sales ex Autos (MoM) (Apr) USD ::: Retail Sales (MoM) (Apr) Green numbers from US might make the market correct, where if we got red numbers then the US Dollar might give strength to other majors & it's when we might see clearly on our chart the trend switch direction increasing as bullish on EURUSD & GBPUSD charts.  FRIDAY, MAY 15 JPY ::: Bank of Japan Governor Kuroda Speech Currently USDJPY is holding next to 120.00 level & during this speech we might hear justifications for USDJPY to start its new jump up toward 125.00 resistance level.  Happy Trading,

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