Gas asli adalah tiang seri ekonomi Eropah.
Is it time to sell EUR/USD?
2021-04-05 • Dikemaskini
What happened?
The last week has ended with greater-than-expected NFP, but weaker average hourly earnings. 916,000 people were employed during March, while the forecast was only 647,000. Average hourly earnings dropped by 0.1%, whereas growth of 0.1% was anticipated. As a result, since NFP comes better, but earnings – worse, the USD will spike at first, but it will fall with the second wave.
Europe’s poor vaccination rollout and prolonged lockdowns keep pressing down the EUR. Unlike the EU, the USA is in a much better position. Biden claimed a goal of 200 million vaccinations in his first 100 days and unveiled the 2$ trillion infrastructure plan. As a result, Treasury yields surged. And as we know, rising yields would push the US dollar up.
Forecast
According to ING, EUR/USD is likely to dip further this week. So far, support at 1.1700 has been held, but the pair may break down to the low of 1.16 this week.
Technical analysis
EUR/USD is moving in a descending channel. On the weekly chart, the way down is constrained by the 50-week moving average of 1.1735. If it manages to break it and then crosses 1.1700, it should fall to November’s low at 1.1630. On the flip side, if it crosses the high of April 2 at 1.1790, it may jump to the 200-day moving average of 1.1870.
Serupa
Dua tahun ini, kita menyaksikan pergerakan harga minyak terbesar dalam tempoh 14 tahun, yang membingungkan pasaran, pelabur dan pedagang akibat ketegangan geopolitik dan peralihan ke tenaga bersih.
Selepas beberapa bulan menerima tekanan dari Rumah Putih, Arab Saudi mengalah dan bersetuju untuk meningkatkan pengeluaran bersama dengan ahli-ahli OPEC+ yang lain.
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