[EUR] Expecting the rebound of euro 2019 0427

EUR/USD four-hour chart, source:FXDD.com

On Friday, the GDP in first quarter in the United States recorded higher than that of market expectation. The economy-growth rate was released at annual rate of 3.2 percent and the market predicted 2.5 percent.

It led stock market index high and dollar rising. And euro plunged. But lowered inflation restrained the flow of currencies.

Good economic indicators have been seen as signs of a recovery in the global economy and led to a weak dollar, but now it has led to a stronger dollar. Because economy situation in euro zone is worse than that in America.

The technical analysis is not very powerful in these days. Though you watch the market with technical tools, you'd better monitor the economy news, events and political issues.

Federal Open Market Committee, FOMC will meet next Wednesday to announce the benchmark interest rate. It is expected the benchmark interest rate is hold at 2.5 percent or fallen. Anyway it supports weak greenback, I think.


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[USDX] April 26, 2019

[GBP] Triangle pattern and Brexit 2019 0412

GBP/USD four-hour chart, source:FXDD.com

The main issue on British pound is Brexit. Brexit risk moves cable up and down and it doesn't come yet.

European Union agreed the deadline of Brexit to move to October 31. The fear of ''no deal Brexit'' is removed and English can think leaving more carefully.

But one of the currency pairs, GBP/USD has lowered its peaks since mid March making ''triangle pattern''. U.S. dollar shows long stance against euro and the weak moving of pound is due to global strong dollar. And the good records from United States economy leads strong greenback and weak cable.

And The US president Donald Trump and his staff are pressuring the Fed to lower interest rates. It may stimulate weak dollar.




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[EUR] Fireworks 2019 0406

EUR/USD five-minute chart, source: FXDD.com

Some Forex traders call the release of Non-farm employment change in the United States, the Fireworks. This index is released at 12:30 pm(UTC) the first Friday of each month.

Why fireworks? The prices of each currency pair moves up-and-down dramatically.

When the events was released, the price of currency pair EUR/USD rose and fell some 30 pips(or 30 ticks) for fifteen minutes.

And more powerful Forex event awaits traders in next week. FOMC Meeting Minutes is released at 18:00(UTC) next Wednesday.

It's up to you whether you deal the FX Margin or currency futures while the Fireworks.




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