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Key Points
- The Christian Democratic Union-Christian Social Union alliance and the Social Democratic Party announced that they had reached a constitutional amendment agreement with the Green Party, which had previously opposed, to establish a €500 billion infrastructure and defense special fund.
- U.S. Secretary of Commerce Howard Lutnick stated on April 2 that tariffs should be imposed on all cars imported into the U.S. when asked whether the reciprocal tariffs would apply to cars from countries like South Korea, Japan, and Germany.
- China's Ministry of Finance, Ministry of Commerce, and the People's Bank of China are scheduled to hold a joint press conference to announce measures to boost domestic demand. If China unveils a stimulus package larger than market expectations, it could trigger a weakening of the U.S. dollar.
- The Bank of Japan is expected to keep interest rates unchanged in its rate decision on the 19th, while the Bank of England is also expected to hold rates steady at its monetary policy meeting on the 20th.
Key Economic Events This Week
March 17: U.S. February Retail Sales
March 19: Bank of Japan Interest Rate Decision, Eurozone February Consumer Price Index, FOMC Meeting Outcome
March 20: Bank of England Interest Rate Decision
EURUSD Chart Analysis
The pair is attempting to break through the lower trendline of the previous upward trend. If this level is breached, further gains up to the 1.11000 level are expected. However, if it fails to break through the resistance, a retreat to the 1.06000 level is anticipated, though this scenario appears less likely.
Please share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- The Christian Democratic Union-Christian Social Union alliance and the Social Democratic Party announced that they had reached a constitutional amendment agreement with the Green Party, which had previously opposed, to establish a €500 billion infrastructure and defense special fund.
- U.S. Secretary of Commerce Howard Lutnick stated on April 2 that tariffs should be imposed on all cars imported into the U.S. when asked whether the reciprocal tariffs would apply to cars from countries like South Korea, Japan, and Germany.
- China's Ministry of Finance, Ministry of Commerce, and the People's Bank of China are scheduled to hold a joint press conference to announce measures to boost domestic demand. If China unveils a stimulus package larger than market expectations, it could trigger a weakening of the U.S. dollar.
- The Bank of Japan is expected to keep interest rates unchanged in its rate decision on the 19th, while the Bank of England is also expected to hold rates steady at its monetary policy meeting on the 20th.
Key Economic Events This Week
March 17: U.S. February Retail Sales
March 19: Bank of Japan Interest Rate Decision, Eurozone February Consumer Price Index, FOMC Meeting Outcome
March 20: Bank of England Interest Rate Decision
EURUSD Chart Analysis
The pair is attempting to break through the lower trendline of the previous upward trend. If this level is breached, further gains up to the 1.11000 level are expected. However, if it fails to break through the resistance, a retreat to the 1.06000 level is anticipated, though this scenario appears less likely.
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.