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The U.S. non-farm payroll report for March, released last week, significantly exceeded expectations. With the labor market overheating, there is growing speculation that the Federal Reserve's interest rate cut may occur in the second half of this year rather than the first. Meanwhile, with the Eurozone's CPI showing signs of slowing down, the possibility of an ECB interest rate cut in June is increasing, and mention of this is expected at this week's ECB monetary policy meeting.
- On April 10th, the U.S. Consumer Price Index for March and the release of the FOMC meeting minutes will take place.
- On April 11th, the ECB monetary policy meeting and the release of the U.S. Producer Price Index for March will occur.
- On April 15th, U.S. retail sales will be announced.
Despite the formation of a downward trend in EURUSD, there is a strong effort to hold the line at 1.07000. While short-term upside is expected with this rebound, there is a high possibility of breaking below the 1.07000 line due to the scheduled issues this week.
In summary of expected movements:
First, a rebound from the 1.07000 line leading to a rise to 1.10000, followed by medium to long-term decline to 1.04500.
Second, breaking below the 1.07000 line leading to a short-term decline to 1.04500.
These are the two anticipated movements, and if the upward trend strengthens and breaks above the 1.10000 line, we will adjust our strategy accordingly.
The U.S. non-farm payroll report for March, released last week, significantly exceeded expectations. With the labor market overheating, there is growing speculation that the Federal Reserve's interest rate cut may occur in the second half of this year rather than the first. Meanwhile, with the Eurozone's CPI showing signs of slowing down, the possibility of an ECB interest rate cut in June is increasing, and mention of this is expected at this week's ECB monetary policy meeting.
- On April 10th, the U.S. Consumer Price Index for March and the release of the FOMC meeting minutes will take place.
- On April 11th, the ECB monetary policy meeting and the release of the U.S. Producer Price Index for March will occur.
- On April 15th, U.S. retail sales will be announced.
Despite the formation of a downward trend in EURUSD, there is a strong effort to hold the line at 1.07000. While short-term upside is expected with this rebound, there is a high possibility of breaking below the 1.07000 line due to the scheduled issues this week.
In summary of expected movements:
First, a rebound from the 1.07000 line leading to a rise to 1.10000, followed by medium to long-term decline to 1.04500.
Second, breaking below the 1.07000 line leading to a short-term decline to 1.04500.
These are the two anticipated movements, and if the upward trend strengthens and breaks above the 1.10000 line, we will adjust our strategy accordingly.