Earnings Season is In Focus
Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
All developed economies are celebrating Easter. What should we pay our attention to?
Monday-Monday it’s a hard day! Welcome to the new trading week! Ready for the digest? Here you are
The economic calendar for the following week
Monday:
17:00, US ISM Manufacturing PMI
Tuesday:
19:00, EIA Short-Term Energy Outlook
Wednesday:
15:30, US CPI
17:00, BoC Interest rate decision
21:00, US FOMC Meeting Minutes
Thursday:
09:00, UK GDP
15:30, US Initial Jobless Claims
15:30, US PPI
Friday:
15:30, US Retail Sales
The most expected news for today
Most developed economic countries are celebrating Easter today. But some statistics are still being released.
We recommend paying attention to Wholesale Inventories in the US, released at 17-00 GMT+3. This news is unimportant, but on the ‘thin’ market, EURUSD may react anyway.
The unemployment rate was released better than expected (+3.5% VS 3.6% in the Forecast). The Nonfarm payrolls data was worse than the expectations (+236K VS 239K in the Forecast)
EURUSD fell by 0.18% on Friday. On the daily time frame, the price is still in the bullish trend. 200MA is heading up, and the regression channel is increasing.
According to the CFTC report, the number of long positions in EURUSD Asset Managers/Institutional (buy-side) opened many more long positions in Euro than in short ones. The market is bullish.
FOMC member John C. Williams is speaking today. Williams is slightly hawkish; that’s why there is a possibility that he will mention the necessity of future monetary tightening. As a result, we should be careful with EURUSD in the short run.
BTC is still in the flat. The price is moving to the next resistance, 28700 – 28800.
XAUUSD reversed and started falling. The nearest support level is 50MA 1985.70.
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