Wonderful introduction:
Let the sorrows be full of worries, and can't sleep, push the moon. The full moon hangs high, scattered all over the ground. I think that the bright moon will be ruthless, and the wind and frost will fade away for thousands of years, and the passion will fade away easily. If there is love, it should have grown old with the wind. Knowing that the moon is ruthless, why do you repeatedly express your love to the bright moon?
Hello everyone, today Avatrade Aihua Foreign Exchange will bring you "[Aihua Foreign Exchange]: Powell is likely to hit the sky with an eagle." Hope it will be helpful to you! The original content is as follows:
As market attention turns to the monetary policy announcement of the Federal Reserve (Fed) and a press conference held later in the U.S. time period, the US dollar (USD) has struggled to maintain its flexibility to its avaforexcn.competitors. During the European trading hours, the European Statistics Office will release retail sales data for March.
The US dollar index closed in the negative area for the third consecutive trading day on Tuesday. In early Wednesday, the U.S. dollar index fluctuated in a narrow channel below 99.50. Later that day, the market generally expected the Federal Reserve to keep interest rates unchanged at 4.25%-4.5%. Market participants will closely monitor Powell’s avaforexcn.comments on inflation and growth prospects. Meanwhile, U.S. stock index futures rose about 0.4% for the last time that day after major Wall Street indexes fell sharply on Tuesday. U.S. Treasury Deputy Secretary Michael Faulkender said late Tuesday that demand for U.S. Treasury bonds and the dollar remained high despite continued market tensions and investors were concerned about stability in the U.S. economy.
Basic Quotes for Foreign Exchange Market:
Pan Gaosheng, President of the People's Bank of China (PBOC), announced that after meetings with the China Securities Regulatory avaforexcn.commission and the National Financial Regulatory avaforexcn.commission, they decided to lower the reserve requirement ratio (RRR) and the policy interest rate by 50 basis points (bps) and 10 basis points respectively. After this development, the AUD/USD rose to a 2025 high above 0.6500, before falling below that level during the European session.
Euro/USD benefited from a full-scale weakness in the U.S. dollar and rose nearly 0.5% on Tuesday. The currency pair https://avaforexcn.comSide-sided trading above 1.1350 during the European session on Wednesday.
The pound/dollar is ready to go and climbed above 1.3400 on Tuesday. The pair fell slightly lower in early Wednesday, but remained above 1.3350. The Bank of England will announce policy decisions on Thursday.
After nearly 1% on Monday, the US dollar/yen continued to fall, and fell about 1% on Tuesday. The pair rebounded early Wednesday, trading around 143.00. During the Asian session on Thursday, the Bank of Japan will release minutes of the monetary policy meeting.
Bulle market fundamentals: h2>
Gold price is still more than $100 below the all-time high set last month. Brent crude futures have fallen about 16% since the tariffs were announced and are currently stabilizing at $62.74 per barrel.
Analysis of major currency trends:
Euro: The intraday bias of the euro/dollar remains neutral as range trading continues above 1.1265. On the downside, below 1.1265 will resume a correctional decline from the short-term top 1.1572. But the downside space should be bound by the 38.2% retracement level of 1.1039 from 1.0176 to 1.1572. On the plus side, breaking through 1.1424 will indicate that the correction has been avaforexcn.completed and the 1.1572 high is retested.
The above content is about "[Ihua Forex]: BaoThe entire content of Will is very likely to hit the sky” was carefully avaforexcn.compiled and edited by the editor of Avatrade Forex. I hope it will be helpful to your transactions! Thank you for your support!
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