The dollar is declining with the preparation of the federal reserve signals to support the market

Financial markets witnessed another week of the rolling ship before the shares rose by the weekend. President Donald Trump’s escalation has been stopped temporarily temporarily (except China), providing the market with relief that affects the need.

Comments from the Federal Reserve calming the market. The Federal Reserve, Susan Collins, said that the Federal Reserve is ready to maintain the work of financial markets in case of need.

The US dollar index also decreased, as it reached less than 100-level that has not seen it since July 2023. The low inflation, which the market expected to show an increase of 2.4 % on an annual basis, came 0.1 % from expectations, and the market interpretation as a clear indication of the Central Bank that it could reduce the interest rate if it wants to do so, thus increasing the dollar supply.

The low reading of the basic product price index (-0.1 % compared to 0.3 %) was weighed on the dollar. The New Zealand Reserve reduced the interest rate to 3.50 % as expected, while GDP growth in the UK surprised 0.5 %.

Next week will attend more consumer price index data Central Bank decisions. The European Central Bank is expected to reduce interest rate from 2.65 % to 2.40 %, while Canada Bank is expected to keep 2.75 % before April 28 elections. Australian unemployment and CPI news in New Zealand can cause increased fluctuations in the Asian trading session in the second half of the week.

Main News:

• TuesdayCAD – CPI
• Wednesday: GBP – CPI, USD – retail sales, Powell, CAD – BOC rate decision
• Thursday: NZD – CPI, AUD – unemployment. EUR – European Central Bank price decision, US dollar – unemployment

Poisoned pairs

1. GBP nzd

This husband witnessed a multiple multi -gathering with a decline from time to time, and the hypothesis behind this step is another retreat, as it indicates the high time frame.

On the monthly graph, this pair witnessed a summit of separation and a rapid decline, which was seen in October 2018 and March 2020. The weekly candle swept the highest level in the previous week before rotating, participating and closing without the lowest level in the previous week. Expecting is to see an additional decline – at least to at least 2,22500, near the market direction line, but perhaps up to 2,19200.

GBP/NZD, Source: TradingView

Nearly a retail feelings are approximately 50 to 50 years, but if it exceeds 65-70 % for the long aspect, this is immune to the capabilities Short sale thesis.

2. Euro JPY

This husband regained a scope he lost in the previous sale, as it reached the main level of 161,100. The anticipation is that it will try to remove the previous resistance and perhaps the annual high of about 164,600.

EUR/JPY Daily Plan, Source: TradingView

Retail morale is 60 % shorten, which is a positive sign, especially if it increases more.

Notes:

• Aud/cad: I pulled 250 points, and it can bring more withdrawal to withdraw the price to support about 0.88300.
• Aud/nzd: Continue to decrease after retreat. Aud is still relatively weaker than NZD.
• Aud/SGDShe wore approximately 300 points after obtaining the lowest level of 5 years.
• Aud/JPY: The back wore approximately 400 points, and more withdrawal can be towards the level of 92.200.
• Aud/chf: He refused to decline, but failed to create a new level.
• CAD/JPY: It remained in a range as expected. Currently sitting in the middle, is unlikely to be the best husband to trade next week.
• Chf JPY: Grow up as expected and transcend our goal, with a closure over 176.
• EUR/AUDThe euro is still relatively strong against the Australian dollar, but it failed to close the week with a strong observation.
• EUR/NZD: Make a very similar price for EUR/AUD. The movement is closely matched, indicating a strong relationship.
• GBP/JPY: I withdrew back after a decrease, but not before it was ravaged. There is an increase in height, and the main level to reach is 190.100.
• GBP/AUD: I withdrew after turning on the huge bull. More withdrawal is possible, but strong support should be about 2.06300.
• NZD/JPYThe pair has collapsed above the main level 82.860. If the market overcomes 84,500 resistances, more marches will be possible, but it is advisable to avoid Trading together.
• SGD/JPY: He tried to gather but saw a great rejection in 110. He is still in the downward direction.

Disintegration: No expressed opinions in this article are considered an investment advice and are only the opinions of authors. Singapore Forex Club It is not responsible for any financial decisions based on the contents of this article. Readers may only use this data to obtain information and educational purposes only.