Today, the focus is on the growth in the number of applications for unemployment benefits in the UK, a plan to resume activity in the United States, and also the relaxation of quarantine measures in Europe.
Spain and Austria allowed some people to get back to work. Affects EUR
The number of applications for social unemployment benefits in the UK increased by almost 7 times. Affects GBP
The US may soon present a plan to resume economic activity. Affects S&P 500
Hong Kong judges clash with Beijing about pressure for power. Affects Hang Seng
The Central Bank of Russia expects a rapid increase in inflation to 4%. Affects RUB
The base retail sales index in the United States will be published. Experts predict a decrease of 4.8%. If the real data is lower, the USD will be able to respond with a decline.
The Bank of Canada will decide on the interest rate. If the value is revised downwards, the CAD course will react with a decrease.
The report on crude oil reserves in the United States will be released. Another growth of 11.6 million barrels is forecasted. If the real data is higher, Brent may begin to actively fall in price.
A press conference with the Bank of Canada will take place. This event can cause an increase in CAD volatility.
The relaxation of quarantine measures in a number of EU countries is a welcome allusion to the gradual stabilization of the situation.
The European currency also sends bullish signals, as the chart managed to stay above the important support level of 1.07750, and break the line of the downward resistance.
The nearest resistance is located in the area of 1770.
The asset has not exhausted its fall potential. The likely target is the level of 1.4000.
USD/SGD on this day in history
- Since 2000, Apr 15th has been a trading day 13 times.
- On 53% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.19%.
- The downward trend was limited to 0.41%.