Create account Try a Demo

3 markets to watch

10:48 19 April 2019

Summary:
- Shinzo Abe and Donald Trump to discuss trade and North Korea on Friday, April 26
- US GDP report crucial for EURUSD
- 12 Dow Jones stocks reporting earnings next week

USDJPY

The resistance zone ranging above the 112 handle once again turned out to be too tough hurdle for USDJPY bulls. The downward sloping trendline running in the same region does little to help buyers either. However, a number of events scheduled for the post-Easter week could trigger bigger price swings on the pair. Among events of note one can find Bank of Japan decision (Thursday) and Abe-Trump summit (Friday).

USDJPY moved higher in April but began to struggle in the vicinity of 112 handle. The very same hurdle limited upward move two months ago therefore bulls may need a strong impulse to deliver a break above. Source: xStation5

EURUSD

Main currency pair is likely to enjoy elevated interest next week as well. On the dollar-side investors will get a preliminary GDP print for the first quarter of 2019. This complex measure of the economic activity may provide answer whether rally on the US stock market is justified or not. Taking a look at the euro-side factors there are no key data prints. However, leading candidates for the post of European Commission President are launching their campaigns, what may have an impact on the European assets.

EUR-negative data mix pushed EURUSD significantly lower on Thursday and now attention turns to US GDP report. Will the main currency pair manage to overcome downward sloping trendline? Source: xStation5

US30

Upward momentum on the US stock market has eased a bit as of late. Nevertheless, NASDAQ (US100) still managed to retest record highs.The week ahead is likely to be crucial for another US index - Dow Jones (US30). 12 out of the 30 Dow members will report their quarterly earnings in days following Easter break, including Boeing and Caterpillar. Note that these 12 companies make up almost 42% of the index therefore impact of the reports is likely to be big.

Dow Jones (US30) managed to finish the week at the highest level since early-October 2018 but the upward momentum eased recently. Will reports from companies like Microsoft and Coca-Cola provide more fuel? Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

×