- The edges increase the euro amid the pressure of the US dollar after the White House pushes the customs tariffs on Chinese ships, providing the risks of global trade.
- According to Trump, angry at the Federal Reserve Chairman Powell; The president, the president, is reviewing the legitimacy of the separation.
- Muller from the European Central Bank says that low energy prices and tariffs justify the price reduction, although the fragmentation of a warning may lead to inflation in the future.
euro (Euro) progress against the US dollar (USD) in silent trading where financial markets are closed on the great Friday. At the time of writing this report, EUR/USD is traded at 1.1385, an increase of 0.21 %, and lacks strength to break the 1.14 long -to -reach mark.
Euro/USD 0.21 % in gentle trading in holiday
The financial market novel still focuses on controversial trade policies in the United States (the United States), which prompted prices to empty greenery in favor of other G8 FX peers, such as the common currency.
However, the White House is moving forward applying fees on Chinese ship ships in the United States ports, which would threaten to calm global charging and escalation of trade war between China and the United States.
On Thursday, breaking news revealed that President Trump angered by the Federal Reserve Chairman (Fed) Jerome Powell And considered the overthrow of it. Although the market participants did not interact with the address, the White House Adviser, Kevin Haysit, insisted that “Trump is studying whether the Fireing Fed’s Powell’s launch was a choice.”
Meanwhile, US dollar index (DXY), which tracks Pak’s performance against a basket of six other currencies, decreases by 0.09 %, to 99.31.
With the news of the news flow, Madice Muller revealed from the European Central Bank (ECB) that lower energy prices and definitions supporting prices. He added that the police do not remain a restriction and this key Indicators It moves in the right direction. He also pointed out that the most fragmented economy can raise prices.
Euro/US dollar price expectations: technical expectations
EUR/USD is trading near the height of the current week near 1.1400, as price movement shows that Euro is preparing to extend its gains after that region, which opens the door for further bullish direction. The main resistance levels are located on April 11 at 1.1473, followed by 1.1498, the peak of February 2022, before the number 1.1500.
Common questions euro
The euro is the currency of the 19 European Union countries belonging to the eurozone. It is the second most traded currency in the world behind the US dollar. In 2022, it represented 31 % of all foreign exchange transactions, with an average daily rotation of more than $ 2.2 trillion per day. EUR/USD is the most trading currency pair in the world, which represents an estimated 30 % of all transactions, followed by EUR/JPY (4 %), EUR/GBP (3 %) and EUR/AUD (2 %).
The European Central Bank (ECB) in Frankfurt, Germany, is the backup bank. The European Central Bank sets interest rates and runs monetary policy. The primary mandate in the European Central Bank is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary performance is to raise or reduce interest rates. Relatively high interest rates – or expect higher rates – usually benefit from the euro and vice versa. The Board of Directors of the European Central Bank is making monetary policy decisions at eight times a year. Decisions are made by the heads of national banks in the eurozone and six permanent members, including the President of the European Central Bank, Christine Lagarde.
The inflation data in the euro area, measured by a coordinated index of consumer prices (HICP), is an important economist for the euro. If inflation increases more than expected, especially if it is 2 % higher than the European Central Bank’s goal, then the European Central Bank is obliged to raise interest rates to return it in control. Relatively high interest rates usually benefit compared to its euro counterparts, as it makes the region more attractive as a place for global investors to stop their money.
Data ejaculates a measurement of economics health and can affect the euro. Indicators such as GDP, manufacturing, PMIS, employment services, and consumer morale surveys can affect the trend of uniform currency. The strong economy is useful for the euro. Not only is to attract more foreign investment, but the European Central Bank may encourage interest rates, which will enhance the euro directly. Otherwise, if economic data is weak, the euro is likely to decrease. Economic data of the four economies in the eurozone (Germany, France, Italy and Spain) are of particular importance, because it represents 75 % of the eurozone economy.
Other important version of the euro is the commercial balance. This indicator measures the difference between what a country gains from its exports and what it spends on imports during a certain period. If a country produces very absolute after exports, its currency will obtain a purely value of the additional demand created from foreign buyers who seek to buy these goods. Therefore, the positive and positive trade balance enhances the currency and vice versa to achieve a negative balance.
