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Please share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- Federal Reserve Chair Jerome Powell stated that "despite heightened uncertainty, the U.S. economy remains in a good position, the labor market is solid, and inflation is approaching the Fed’s long-term 2% target."
- The U.S. February nonfarm payrolls increased by 151,000, falling short of the market expectation of 160,000. However, the figure showed improvement compared to January, indicating a healthy labor market.
- President Trump mentioned that tariffs on Canada and Mexico could increase further.
- The 27 EU leaders unanimously adopted a joint statement at a special summit, emphasizing the need for "continued massive increases in spending on European security and defense."
Key Economic Events This Week
March 11: Japan Q4 GDP
March 12: U.S. February CPI, Bank of Canada rate decision
March 13: U.S. February PPI
March 14: Germany February CPI
EURUSD Chart Analysis
EURUSD has recently broken through the 1.06000 level, showing a strong upward trend. However, the rally appears to be limited by resistance at 1.09000, suggesting a potential pullback toward 1.06000. In the short term, a downward bias toward 1.06000 is expected this week.
That said, if the bullish momentum continues and 1.09000 is breached, there is potential for an additional rise toward 1.10000. In that case, it will be important to reassess the market’s direction.
Please share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- Federal Reserve Chair Jerome Powell stated that "despite heightened uncertainty, the U.S. economy remains in a good position, the labor market is solid, and inflation is approaching the Fed’s long-term 2% target."
- The U.S. February nonfarm payrolls increased by 151,000, falling short of the market expectation of 160,000. However, the figure showed improvement compared to January, indicating a healthy labor market.
- President Trump mentioned that tariffs on Canada and Mexico could increase further.
- The 27 EU leaders unanimously adopted a joint statement at a special summit, emphasizing the need for "continued massive increases in spending on European security and defense."
Key Economic Events This Week
March 11: Japan Q4 GDP
March 12: U.S. February CPI, Bank of Canada rate decision
March 13: U.S. February PPI
March 14: Germany February CPI
EURUSD Chart Analysis
EURUSD has recently broken through the 1.06000 level, showing a strong upward trend. However, the rally appears to be limited by resistance at 1.09000, suggesting a potential pullback toward 1.06000. In the short term, a downward bias toward 1.06000 is expected this week.
That said, if the bullish momentum continues and 1.09000 is breached, there is potential for an additional rise toward 1.10000. In that case, it will be important to reassess the market’s direction.
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.