EUR/USD 1.16314
-0.103%
Gold 4609.28
-0.380%
Oil 59.752
-2.007%
USD/JPY 158.650
0.139%
GBP/USD 1.34343
-0.092%
GBP/JPY 213.141
0.067%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
TSMC: We do not underestimate our competitors and their progress, but we are confident in continuing to drive business growth.The Ministry of Human Resources and Social Security and the Ministry of Finance jointly issued an opinion on further improving enterprise annuity work, aiming to enhance the inclusiveness, flexibility, and convenience of the enterprise annuity system, continuously promote the expansion of coverage, and enable more employees to enjoy enterprise annuities.On January 15th, it was reported that Baidus subsidiary, Luobo Express, has quietly established operations in approximately 20 cities nationwide, including Guangzhou, Foshan, Dongguan, Shenzhen, and Jiangmen in Guangdong Province alone. A search on the Guangdong Provincial Investment Project Online Approval and Supervision Platform revealed that since late November of last year, Luobo Express has obtained approval for several projects, including intelligent connected vehicle road testing and demonstration application projects in Jiangmen and Dongguan, with total investments of 50 million yuan and 70 million yuan respectively. In Jiangmen, it plans to deploy no fewer than 90 intelligent connected vehicles to conduct intelligent connected vehicle testing and demonstration work; in Dongguan, it plans to purchase 1,000 autonomous vehicles for deployment, establishing a Luobo Express autonomous driving base, including an intelligent connected vehicle monitoring and command center and a Greater Bay Area "cloud vehicle" center. In addition, the Luobo Express South China Operations Headquarters project has also been approved, located in Shunde, Foshan, with a total investment estimated at 18 million yuan. It is understood that the project plans to build the headquarters of an unmanned ride-hailing demonstration project based on intelligent algorithms and vehicle-road cooperative technology, and plans to include research and study areas, exhibition halls, 5G cloud warehouses, office areas, and operation and maintenance workshops.The UKs three-month GDP growth rate for November, seasonally adjusted goods trade balance for November, and industrial and manufacturing output growth rate will be released in ten minutes.TSMC: The information we received from cloud service providers is that TSMCs silicon wafers are the bottleneck, and they must solve the silicon wafer bottleneck problem first.

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.


Suggestion