Trading news

Forex trading plan for April 15

The strength of the US dollar was undermined by lower-than-expected retail sales and producer prices data. However, the weakness in American currency looks temporary and represents an opportunity for short-term longs.

EUR/USD is consolidating below 1.0600. The ECB’s president Mario Draghi will conduct a press conference at 12:30 GMT on Wednesday. As it’s too early for the regulator to give hints on QE tapering, the euro may find itself under pressure. We think of selling its attempts to recover targeting 1.0460 with stop loss at 1.0705.

GBP/USD is trading in the 1.4700 area after there was buying interest in the 1.4600 area. Inflation data came out weak, and this is a bearish factor for the pound. Taking into account uncertainty caused by approaching election, we’ll be selling British currency. On the downside the short-term target is at 1.4500. Main resistance is at 1.4850.

USD/JPY has so far been unable to settle above 120.50/80. However, support at 119.50 and 119.20/00 as well as at 118.70 looks pretty good as well. The pair slipped down this week as Shinzo Abe’s economic advised said that the exchange rate should be closer to 105 yen per dollar. All in all, we may see the test of support before the pair makes another go up.

AUD/USD is indecisive ahead of the release of China’s Q1 GDP on Wednesday. Chinese economic growth is expected to slow down from 7.3% to 7.0%. The target at 0.7500 is getting closer and closer. Resistance is at 0.7635 and 0.7738.

Tuesday, 14 Apr, 2015 / 4:16

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://fxbazooka.com/en/analitycs/show/4599

Trading news

 

Intraday Market Analysis – Recovery Momentum

EURUSD breaks above key resistance eurusd The euro recoups last month’s [...]

Posted on Tuesday, 20 Apr, 2021 / 1:00 under

What To Expect Out Of Bank Of Canada Interest Rate Decision

There is an increasing consensus that we will get some action out of the BOC [...]

Posted on Tuesday, 20 Apr, 2021 / 12:54 under

COCA-COLA REPORTS SPARKLING Q1 RESULTS

Coca-Cola reported quarterly sales growth for the first time after four [...]

Posted on Tuesday, 20 Apr, 2021 / 10:04 under