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Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. and China have imposed retaliatory tariffs on each other, escalating trade tensions. As a result, the "Sell USA" sentiment has intensified, causing the U.S. Dollar Index to fall below the 100 level.
- The market expects that, due to the high tariffs between the U.S. and China, most trade—except for essential goods and high-margin items—will come to a complete halt. This is likely to lead to a rise in consumer prices.
- Amid growing concerns of a recession, U.S. Treasury bonds are failing to serve as safe-haven assets, raising doubts about the dollar. Most currencies have strengthened against the dollar.
- This week, the ECB is expected to cut rates by 0.25% at its April monetary policy meeting.
Key Economic Events This Week
+ April 16: U.K. March CPI, Eurozone March CPI, U.S. March Retail Sales, Bank of Canada Rate Decision
+ April 17: ECB Rate Decision, Fed Chair Powell Speech
+ April 18: Easter Holiday
EURUSD Chart Analysis
After a strong rally that formed a peak near the 1.15000 level, EUR/USD has partially retraced its gains. In the short term, further downside is expected, with 1.12500 likely to act as a key support level. A rebound is anticipated around this zone; however, if the price breaks below it, a deeper decline could follow. Should that happen, a new trading strategy will be established.
Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. and China have imposed retaliatory tariffs on each other, escalating trade tensions. As a result, the "Sell USA" sentiment has intensified, causing the U.S. Dollar Index to fall below the 100 level.
- The market expects that, due to the high tariffs between the U.S. and China, most trade—except for essential goods and high-margin items—will come to a complete halt. This is likely to lead to a rise in consumer prices.
- Amid growing concerns of a recession, U.S. Treasury bonds are failing to serve as safe-haven assets, raising doubts about the dollar. Most currencies have strengthened against the dollar.
- This week, the ECB is expected to cut rates by 0.25% at its April monetary policy meeting.
Key Economic Events This Week
+ April 16: U.K. March CPI, Eurozone March CPI, U.S. March Retail Sales, Bank of Canada Rate Decision
+ April 17: ECB Rate Decision, Fed Chair Powell Speech
+ April 18: Easter Holiday
EURUSD Chart Analysis
After a strong rally that formed a peak near the 1.15000 level, EUR/USD has partially retraced its gains. In the short term, further downside is expected, with 1.12500 likely to act as a key support level. A rebound is anticipated around this zone; however, if the price breaks below it, a deeper decline could follow. Should that happen, a new trading strategy will be established.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.