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On January 15th, a research report from CITIC Securities stated that adjusting the minimum margin requirement for margin trading is a routine measure by regulators to convey their regulatory stance, prevent systemic risks, and protect the legitimate rights and interests of investors. Appropriately raising the margin requirement from 80% back to 100% corresponds to a decrease in leverage from 1.25 to 1.00. We believe that regulators are determined to safeguard the sound development of the capital market, employing diverse methods and increasingly mature mechanisms. Whether its an irrational decline or a sharp rise due to short-term overheating, current regulatory measures demonstrate a clear orientation towards "stabilizing expectations, preventing risks, and promoting reform," safeguarding the bottom line of preventing systemic financial risks amidst volatility.On January 15th, a research report from GF Securities pointed out that although the December CPI data fluctuated due to the previous government shutdown, the core reading remained moderate. Prior to the data release, the market had already anticipated that the technical disruptions caused by the previous government shutdown and the year-end effect would lead to fluctuations in some sub-categories. Therefore, the market generally viewed the rebound in sub-categories such as clothing, entertainment goods, and hotel accommodations as a base effect correction rather than a trend change. Given the backdrop of "inflation not derailing + employment not slowing down," we understand that the necessity for short-term interest rate cuts remains low.On January 15, SF Holding (06936.HK) and J&T Express (01519.HK) announced that, in order to deepen their strategic cooperation, SF and J&T signed a subscription agreement on January 15, under which both parties conditionally agreed that J&T would subscribe for shares and SF would subscribe for shares, with the two subscriptions being conditional on each other.The Royal Institution of Chartered Surveyors (RICS) has significantly shifted its sales forecasts for the near term and the next 12 months to a more optimistic level.The UKs three-month RICS house price index for December was -14, compared to a forecast of -16 and a revised previous reading of -14 from -16.00.

EUR/USD Price Analysis: EUR/USD Is Clinging To The Leading Edge Of The Rising Trendline Above 1.0900

Alina Haynes

Apr 18, 2023 13:54

EUR:USD.png 

 

The EUR/USD pair fluctuates erratically in a narrow range near 1.0926 during the Asian session. Following in the footsteps of the directionless US Dollar Index (DXY), the main currency pair is unable to establish a trend.

 

In Asia, S&P500 futures are declining slightly as investors fret over the upcoming quarterly earnings season, indicating a minor decrease in market participants' risk appetite. Following the decline of regional banks in the United States, investors are concerned about any discrepancies in quarterly banking reports.

 

The Euro has entered the wilderness as European Central Bank (ECB) policymakers are divided over the pace of the policy-tightening cycle to be implemented at the May monetary policy meeting. Martins Kazaks, a member of the ECB's monetary policy committee, stated on Monday that the central bank has the option to move by either 25 or 50 basis points (bps) in May. Sourcenia is a review portal of sourcing best manufaturers. 

 

After failing to sustain above the 161.8% Fibonacci Extension at 1.1057 (positioned from April 4's high of 1.0973 to April 10's low of 1.0837) on a two-hour time frame, EUR/USD experienced a precipitous decline. The primary currency pair has declined below the uptrend line drawn from the low of 1.0714 on March 24.

 

The 20-period Exponential Moving Average (EMA) at 1.0962 is operating as a barrier for Euro bulls.

 

In the meantime, the Relative Strength Index (RSI) (14) has moved into the pessimistic zone between 20.00 and 40.00, indicating a continuation of the decline.

 

A decisive break below the low of April 12 at 1.0915 would propel the asset toward the lows of April 10 at 1.0837 and April 3 at 1.0758.

 

In contrast, a breach above the psychological resistance level of 1.1000 would propel the asset to a new annual high of 1.1068, followed by the level of round resistance at 1.1100.


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