empty
rs
Podrška
Trenutno otvaranje računa
Trgovačka platforma
Depozit/Povlačenje

04.04.202408:57 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on April 4

Preliminary inflation estimates in the eurozone showed a slowdown in the pace of consumer price growth from 2.6% to 2.4%. Meanwhile, employment in the US grew by 184,000, surpassing the forecast of 125,000. Fed Chairman Jerome Powell also stated that the central bank will analyze the macroeconomic dynamics before deciding on interest rate cuts. Overall, this points toward an inevitable and substantial rise of dollar. However, contrary to expectations, euro continued to gain strength.

The market may return to its usual course today after the release of data on producer prices in the eurozone. The rate of decline may slow down from -8.6% to -8.3%, which may convince the market that the European Central Bank will be the first to cut interest rates. Therefore, the prospects for euro does not look as bright as they may seem.

Exchange Rates 04.04.2024 analysis

EUR/USD surpassed the resistance level of 1.0800, resulting in the surge of long positions. This led to the further strengthening of the pair and its overbought condition, which may end with a slowdown and a correction. However, in the case of momentum, the overbought signal may be ignored, leading to further movement towards the level of 1.0900.

Exchange Rates 04.04.2024 analysis

A similar picture could be seen in GBP/USD. It rose by 90 pips and shows signs of overbought conditions in the lower timeframes, which may lead to the decrease of long positions. However, in the case of momentum, market players may ignore this technical analysis.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Mark Bom,
Analytical expert of InstaSpot
© 2007-2025
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Vidi takođe

Forex vesti
  • 2025-04-02 15:43:32
    France Budge Deficit Narrows in February
    2025-04-02 15:43:32
    Brazil's IPC-Fipe Inflation Index Sees Uptick in March
    2025-04-02 15:43:32
    Turkey's Manufacturing PMI Falls Further in March, Reaching 47.30
    2025-04-02 15:43:32
    Spain's Unemployment Change Dramatically Improves in March
    2025-04-02 15:43:32
    French Government Budget Deficit Widens Significantly in February
    2025-04-02 15:43:32
    Romanian Producer Inflation at Near 2-Year High
    2025-04-02 15:43:32
    Japan 10-Year Yield Falls on Haven Demand
    2025-04-02 15:43:32
    Romania's PPI Surges to 4.03% in February, Ending January's Negative Streak
    2025-04-02 15:43:32
    European Markets Set for a Lower Open
    2025-04-02 15:43:32
    India Stocks Rise in Early Deals
  • 2025-04-02 15:43:32
    March Surge: U.S. Truck Sales Climb to 14.65M in Impressive Upswing
    2025-04-02 15:43:32
    U.S. Car Sales Rev Up in March: A Leap to 3.11 Million Units
    2025-04-02 15:43:32
    Ibovespa Under Pressure Amid Tariff Fears
    2025-04-02 15:43:32
    US Light Vehicle Sales Surge to 4-Year High
    2025-04-02 15:43:32
    Poland Holds Rate as Expected
    2025-04-02 15:43:32
    Singapore's Manufacturing PMI Slightly Declines in March: A Closer Look at Economic Stability
    2025-04-02 15:43:32
    U.S. Auto Sales Surge to 17.77M in March, Indicating Economic Momentum
    2025-04-02 15:43:32
    US 10-Year Bond Yield Drops to Over 5-Month Low
    2025-04-02 15:43:32
    US Futures Lower as Traders Await Tariffs
    2025-04-02 15:43:32
    US Private Sector Job Growth Above Forecasts
  • 2025-04-02 15:43:32
    Brazil Industrial Sector Performance Disappoints
    2025-04-02 15:43:32
    U.S. Job Growth Surges in March: ADP Reports Nonfarm Employment Change Reaches 155K
    2025-04-02 15:43:32
    Poland Holds Steady: Interest Rates Unchanged at 5.75% in April
    2025-04-02 15:43:32
    Brazil's Industrial Production Stagnates with a Slight Dip in February
    2025-04-02 15:43:32
    Brazil's Industrial Production Sees Modest Growth in February
    2025-04-02 15:43:32
    Ghana Inflation Rate Slows to 5-Month Low
    2025-04-02 15:43:32
    US Mortgage Applications Decline for Third Week
    2025-04-02 15:43:32
    US Mortgage Rates Edge Down Slightly: MBA
    2025-04-02 15:43:32
    U.S. Mortgage Refinance Index Experiences Decline, Reaching 710.4
    2025-04-02 15:43:32
    Mortgage Market Index in the U.S. Shows Decline as it Falls to 243.6
  • 2025-04-02 15:43:32
    U.S. MBA Purchase Index Shows Uptick, Reaches 158.2 in Latest Update
    2025-04-02 15:43:32
    US Mortgage Applications Decline Rate Slows: A Glimmer of Hope in Housing Market?
    2025-04-02 15:43:32
    U.S. MBA 30-Year Mortgage Rate Sees Marginal Drop in April
    2025-04-02 15:43:32
    Sensex Ends on Positive Note
    2025-04-02 15:43:32
    Irish Jobless Rate Up from All-Time Low
    2025-04-02 15:43:32
    US Logistics Growth Slows Sharply in March
    2025-04-02 15:43:32
    Ireland's Unemployment Rate Edges Up Slightly to 4.0% in March
    2025-04-02 15:43:32
    Cyprus Retail Sales Growth at 3-Month High
    2025-04-02 15:43:32
    Ghana's Consumer Price Index Declines to 22.40% in March 2025 Year-Over-Year
    2025-04-02 15:43:32
    German Bund Auction Signals Investor Optimism as Yields Decline
  • 2025-04-02 15:43:32
    Sao Paulo Monthly Inflation Accelerates to 4-Month High
    2025-04-02 15:43:32
    Hang Seng Muted at Finish
    2025-04-02 15:43:32
    Philippines Budget Deficit Expands in February
    2025-04-02 15:43:32
    US Futures Fall Slightly
    2025-04-02 15:43:32
    London Stocks on Cautious Note
    2025-04-02 15:43:32
    DAX on Negative Note
    2025-04-02 15:43:32
    European Stocks Lower
    2025-04-02 15:43:32
    Spain’s February Tourist Arrivals Break Records
    2025-04-02 15:43:32
    Spain Jobless Falls More Than Expected
    2025-04-02 15:43:32
    Turkey Manufacturing Activity Falls to 5-Month Low
  • 2025-04-02 15:43:32
    France Budge Deficit Narrows in February
    2025-04-02 15:43:32
    Brazil's IPC-Fipe Inflation Index Sees Uptick in March
    2025-04-02 15:43:32
    Turkey's Manufacturing PMI Falls Further in March, Reaching 47.30
    2025-04-02 15:43:32
    Spain's Unemployment Change Dramatically Improves in March
    2025-04-02 15:43:32
    French Government Budget Deficit Widens Significantly in February
    2025-04-02 15:43:32
    Romanian Producer Inflation at Near 2-Year High
    2025-04-02 15:43:32
    Japan 10-Year Yield Falls on Haven Demand
    2025-04-02 15:43:32
    Romania's PPI Surges to 4.03% in February, Ending January's Negative Streak
    2025-04-02 15:43:32
    European Markets Set for a Lower Open
    2025-04-02 15:43:32
    India Stocks Rise in Early Deals
  • 2025-04-02 15:43:32
    March Surge: U.S. Truck Sales Climb to 14.65M in Impressive Upswing
    2025-04-02 15:43:32
    U.S. Car Sales Rev Up in March: A Leap to 3.11 Million Units
    2025-04-02 15:43:32
    Ibovespa Under Pressure Amid Tariff Fears
    2025-04-02 15:43:32
    US Light Vehicle Sales Surge to 4-Year High
    2025-04-02 15:43:32
    Poland Holds Rate as Expected
    2025-04-02 15:43:32
    Singapore's Manufacturing PMI Slightly Declines in March: A Closer Look at Economic Stability
    2025-04-02 15:43:32
    U.S. Auto Sales Surge to 17.77M in March, Indicating Economic Momentum
    2025-04-02 15:43:32
    US 10-Year Bond Yield Drops to Over 5-Month Low
    2025-04-02 15:43:32
    US Futures Lower as Traders Await Tariffs
    2025-04-02 15:43:32
    US Private Sector Job Growth Above Forecasts
Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.