April 26th, 2018: Markets Eye ECB
April 26, 2018 8:11 amVideo
Latest News
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 19 2024. April 19, 2024
- Michelle Bowman reiterated Jerome Powell’s opinion April 19, 2024
- The ECB has finally made up its mind April 19, 2024
- The dollar is in control April 19, 2024
- Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024
- Analysis for EUR/USD pair on April 18th. Dull ending to a dull week April 18, 2024
- USD/JPY: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- EUR/USD: Simple trading tips for novice traders on April 18th (US session) April 18, 2024
- GBP/USD: trading plan for the US session on April 18th (analysis of morning deals) April 18, 2024
- Trading Signals for EUR/USD for April 18-20, 2024: buy above 1.0641 (21 SMA – 2/8 Murray) April 18, 2024
- Bitcoin slides ahead of halving event – Crypto News April 18, 2024
Morning Report: 07.00 London
This morning, the dollar index is slightly on the back foot, following further gains yesterday. Nevertheless, the dollar remains near three month highs as tech giants such as Facebook impress with their earnings.
The EUR/USD continues to lag ahead of today’s ECB meeting. No change is expected, but long term forward guidance is expected to err towards dovish. The EUR/GBP has a negative bias, following three days of losses.
Other dollar pairs such as the AUD/USD and GBP/USD are slightly higher after heavy selling yesterday.
The Swiss franc continues to weaken, pushing through the 0.9800 level yesterday.
The yen pairs are also pausing after another surge yesterday for the USD/JPY.
Coming up today
Today, we have Spanish unemployment rate at 08.00.
Following this, we get the ECB minimum bid rate at 12.45, with the press conference at 13.30.
US durable goods orders are at 13.30, with unemployment claims at the same time.
Trade Idea
Solid tech earnings and passing concerns over trade tariffs are helping the US dollar to solidify its position. Meanwhile, the euro continues to struggle, making a LOWER trade attractive.
A good way to play this is a LOWER trade predicting that the EUR/USD will close below 1.2100 in 14 days for a potential return of 193%.
Related Posts: