March 31st – April 4th
EURUSD pair closed last week’s trading session higher on weaker US Dollar as a result of US president Trump tariff policy while economist and markets are pricing-in negative impact on US economy. Pair traded lower during the week as economic indicators from both the EU and US came positive. Despite the higher than expected US PCE US Dollar weaken and the pair sharply recovered on the upside as EU commission retaliated with tariffs on the US after Trump impose 25% tariff on EU cars.
As for this week, traders and investors will mainly focus on the US employment numbers. ADP employment due to be released on Wednesday and the nonfarm payrolls on Friday. Heavy economic calendar for both the US and EU will potentially triggered a volatile week.
On the economic calendar we have on Monday, the German retail sales pointing lower at 2.7% German CPI expected lower at 2.2% On Tuesday, European Harmonized index of consumer prices expected lower at 2.5% US ISM manufacturing PMI unchanged at 50.3 On Wednesday, US ADP employment to add 120K new jobs. On Thursday, US ISM services PMI expected lower at 53 On Friday, Non-farm payroll expected to add 128K new jobs and Average hourly earnings steady at 0.3%
Technically the picture is positive after last week’s close above (61.8%) at 1.0825 In this week’s trading session if pair trades on the upside will test 1.0931 (100%) A break out and close above 1,0931 will open the road for 1.1031 If trades on the downside will test 1.0651 (61.8%) A break and close below 1.0651 will add downside pressure and test 1.0562 Our traders are net short positions between 1.0647 – 1.0935targeting profits at 1.0643 if pair trades on the downside we are expecting take profits on short positions and new long positions starting at 1.0647
GBPUSD pair closed last week’s trading session higher despite the lower than expected UK CPI number. The lower CPI couldn’t trigger a selloff in GBP as investors and traders are mainly focus on Trump’s tariff war. The higher than expected US PCE also didn’t helped the US Dollar while uncertainty building up due to US president Trump tariff policy.
As for this week, traders and investors will mainly focus on the US employment numbers. ADP employment due to be released on Wednesday and the nonfarm payrolls on Friday. The heavy economic calendar in the US and the lack of any UK economic released will let the pair on US Dollar’s mercy.
On the economic calendar we have on Tuesday, US ISM manufacturing PMI to remain unchanged at 50.3 On Wednesday, US ADP employment to add 120K new jobs. On Thursday, US ISM services PMI expected lower at 53 On Friday, Non-farm payroll expected to add 128K new jobs and Average hourly earnings steady at 0.3%
Technically the pair’s overall picture is positive after last week’s close above 61.8% at 1.2935 As for this week, if pair trades on the upside, will test 1.3037 (100%) A break and close above 1.3037 will open the road for 1.3137 Alternative, if trades on the downside, will test 1.2680 (61.8%) A break and close below 1.2680 will open the road for 1.2571 Our traders are 100% net short with sell positions between 1.2680 and 1.3011 targeting profits below 1.2600 We are expecting more aggressive short positions on the way up and new long positions starting at 1.2680 (61.8%).
更详细的经济日历事件，请访问我们的实时经济日历。
https://tentrade.com/economic-calendar/
*本资料不包含任何金融工具的交易要约或招揽。TenTrade对任何使用这些评论的行为以及由此产生的任何后果不承担任何责任。 没有代表 对这些信息的准确性或完整性不做任何保证。因此，任何根据这些信息行事的人完全是在 自己的风险.差价合约是杠杆产品。差价合约交易可能不适合每个人，并可能导致你失去所有的投资资本，所以请确保你完全了解其中的风险。
