Forex Today: Markets cautious after Chinese data, Musk melts Bitcoin, Fed speakers eyed


Source: fxstreet.com fxstreet.com

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| By Yohay Elam Here is what you need to know on Monday, May 17: The week begins with a moderate risk-off mood as Chinese data has missed estimates and Friday's miss in US retail sales. Tesla's Musk hinted he is selling Bitcoin, triggering a crypto sell-off. A long list of Fed speakers is eyed. S&P 500 futures are down on Monday and the safe-haven dollar is rising in a risk-off mood. China reported an increase of 17.7% YoY in April's retail sales, well below expectations. The parallel release in the US also missed estimates by remaining flat last month....