Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
Wait for updates concerning the US-EU trade deal
Friday continues to be highlighted by the news connected to the trade issues of the United States. Later today at 20:45 MT time US President Donald Trump will make an announcement concerning the trade deal with the European Union. The market will pay attention to the updates on auto tariffs. With the new fears surrounding the US-China trade tensions, it will be interesting to follow this news. Pay attention to the euro. After the unemployment rate for the US increased to 3.7%, EUR/USD rose to the resistance at 1.1095. On H4, the next resistance will lie above the 50-period SMA at 1.1137. If Trump announces fresh auto tariffs on the EU, the pair will slump to the 1.1026 level. The next support will lie at 1.0982.
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Latest news
What Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
