Analytics

News, Trends, & Analytics 15.04.2020

Europe is recovering

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.

 

News

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

 

Calendar

12:30 GMT

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.


14:00 GMT

The Bank of Canada will decide on the interest rate. If the value is revised downwards, the CAD course will react with a decrease.


14:30 GMT

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.


15:15 GMT

A press conference with the Bank of Canada will take place. This event can cause an increase in CAD volatility.

 

Technical Analysis

EUR/USD

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.

NTA 15.04 - EN_0

Gold

The nearest resistance is located in the area of 1770.

NTA 15.04 - EN_0

USD/SGD

The asset has not exhausted its fall potential. The likely target is the level of 1.4000.

NTA 15.04 - EN_0

 

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%.
Related posts
© 2014 - 2020 Olymp Trade. All Rights Reserved.