Results of the last trading day:
On Friday, April 20, trading in the euro / dollar ended in the red. During the European session the euro fell against the dollar to 1.2293 at US session - up to 1.2249. Strengthening of the dollar contributed to the increase in US bond yields. The yield on 10-year US bonds peaked at 2.966%, which is the highest level since January 2014. Yield increases on expectations of interest rate rises.
oil well in the fire adds Bloomberg. They said that the ECB's management can defer all decisions to curtail the program of quantitative easing (QE) to the July meeting.
Planned statistics (GMT + 3):
From 10:00 to 11:00 will leave indexes of business activity in the manufacturing and services sectors in April in France, Germany, the euro zone.
At 13:00 Germany will publish a monthly report of the Bundesbank.
At 15:30 Canada will declare changes in wholesale sales in February, while the US will release the economic activity index from the Federal Reserve Bank of Chicago in March.
At 16:45 the US will present the indexes of business activity in the manufacturing sector and the service sector by Markit for April.
At 17:00 the US will publish data on housing sales in the secondary market in March. A speech made by members of the ECB Ker.
At 22:30 with a speech made by the head of the Bank of Canada Stephen Poloz.
Fig. 1 euro / dollar, hour period. Data source: TradingView
At the weekend it was reported that North Korea from April 21 to halt nuclear and missile tests, as well as close the nuclear test site. Market opening and risky assets quickly, that the news came to mind. Major currencies in Asian trade show a mixed trend against the US currency.
Due to corrective movements in the cross-pairs in the left plus pound, Canadian and Australian dollar. Finally, I do not see the downward movement, but for the next 23 hours expect a corrective movement to 1.2332. Since all the major euro crosses are traded in the red, then the sellers will try to upgrade the Asian least 1.2263.
Upward movement is considered in two stages in the form of a converging triangle. The first - to restore the 45th c, the second -. To the 67th degree. At the level of 1.2315 resistance stand forth carrying the line Lb, which is the current hour is at 1.2329.
EURUSD forecast today Vladislav Antonov Alpari