As we expected, euro slowed the downside on the past week, recovering towards the 1.2500 mark. Despite the current consolidation, we stay bearish and expect to see a decline towards the 1.2200 mark in the medium-term. Fix below the 1.2400 support could become a good signal to enter the short market. If the price pushes higher, we recommend selling the rallies towards 1.2650.
Data, released on the past week, show that the euro zone’s economy expanded by 0.2% in Q3 – this is slightly above the forecast of 0.1%. However, the improvement is not really significant and was partially caused by calculation changes, so the figures failed to move the market.
The overall economic picture in the currency block remains gloomy, so the European Central Bank is expected to announce a large-scale bond buying program in the coming months. We remind you that the ABS buying program begins next week.
On the new week watch ZEW economic activity indices on Tuesday and flash PMIs on Thursday. Mario Draghi will deliver a speech twice – on Monday and on Friday.
Data, released on the past week, show that the euro zone’s economy expanded by 0.2% in Q3 – this is slightly above the forecast of 0.1%. However, the improvement is not really significant and was partially caused by calculation changes, so the figures failed to move the market.
The overall economic picture in the currency block remains gloomy, so the European Central Bank is expected to announce a large-scale bond buying program in the coming months. We remind you that the ABS buying program begins next week.
On the new week watch ZEW economic activity indices on Tuesday and flash PMIs on Thursday. Mario Draghi will deliver a speech twice – on Monday and on Friday.
Recommended Content
Editors’ Picks
EUR/USD stabilizes above 1.1350 on Easter Friday
EUR/USD enters a consolidation phase above 1.1350 on Friday as the trading action remains subdued, with major markets remaining closed in observance of the Easter Holiday. On Thursday, the European Central Bank (ECB) announced it cut key rates by 25 bps, as expected.
GBP/USD fluctuates below 1.3300, looks to post weekly gains
After setting a new multi-month high near 1.3300 earlier in the week, GBP/USD trades in a narrow band at around 1.32700 on Friday and remains on track to end the week in positive territory. Markets turn quiet on Friday as trading conditions thin out on Easter Holiday.
Gold ends week with impressive gains above $3,300
Gold retreated slightly from the all-time high it touched at $3,357 early Thursday but still gained more than 2% for the week after settling at $3,327. The uncertainty surrounding US-China trade relations caused markets to adopt a cautious stance, boosting safe-haven demand for Gold.
How SEC-Ripple case and ETF prospects could shape XRP’s future
Ripple consolidated above the pivotal $2.00 level while trading at $2.05 at the time of writing on Friday, reflecting neutral sentiment across the crypto market.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.