The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
The euro has risen above the 100-day MA on the comments by Mario Draghi
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. The euro jumped higher on his comments, targeting the next resistance at 1.1321. If his further comments are more dovish, EUR/USD will fall back below the 1.1253 level to the support at 1.1214.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.