Daily Market Analysis

Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time.

After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.

The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.

Reserve Bank of Australia is considering quantitative ease to restart the economy. How will the AUD respond?

After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!

EUR/GBP has been on a rise since the middle of February. What are the possible targets for this movement?

USD loses value against the EUR. How much of an issue is that?

Russia, Saudi Arabia... and the US: an amazing trio that's tuning the oil price down - how about using the situation to your benefit?

The performance of the US stock market has been quite dramatic this week. S&P 500 dropped by 7% four minutes after the US trading session started on Monday.

Let’s review the most interesting topics and instruments that will be in the center of traders’ attention this week.

EUR/USD has reached December high at 1.1240 and is actively testing levels above it. The picture at the chart changes very fast.

If you don’t want to deal with the violent moves of the USD these days, consider crosses, for example, EUR/JPY.