Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
All developed economies are celebrating Easter. What should we pay our attention to?
Information is not investment advice
Monday-Monday it’s a hard day! Welcome to the new trading week! Ready for the digest? Here you are
The economic calendar for the following week
Monday:
17:00, US ISM Manufacturing PMI
Tuesday:
19:00, EIA Short-Term Energy Outlook
Wednesday:
15:30, US CPI
17:00, BoC Interest rate decision
21:00, US FOMC Meeting Minutes
Thursday:
09:00, UK GDP
15:30, US Initial Jobless Claims
15:30, US PPI
Friday:
15:30, US Retail Sales
The most expected news for today
Most developed economic countries are celebrating Easter today. But some statistics are still being released.
We recommend paying attention to Wholesale Inventories in the US, released at 17-00 GMT+3. This news is unimportant, but on the ‘thin’ market, EURUSD may react anyway.
The unemployment rate was released better than expected (+3.5% VS 3.6% in the Forecast). The Nonfarm payrolls data was worse than the expectations (+236K VS 239K in the Forecast)
EURUSD fell by 0.18% on Friday. On the daily time frame, the price is still in the bullish trend. 200MA is heading up, and the regression channel is increasing.
According to the CFTC report, the number of long positions in EURUSD Asset Managers/Institutional (buy-side) opened many more long positions in Euro than in short ones. The market is bullish.
FOMC member John C. Williams is speaking today. Williams is slightly hawkish; that’s why there is a possibility that he will mention the necessity of future monetary tightening. As a result, we should be careful with EURUSD in the short run.
BTC is still in the flat. The price is moving to the next resistance, 28700 – 28800.
XAUUSD reversed and started falling. The nearest support level is 50MA 1985.70.
Similar
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
