EUR/USD: made fresh 2016 highs at 1.1453 - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair closed the week flat at 1.1400, but not before establishing a fresh year high of 1.1453.

    Key Quotes:

    "Despite both Central Banks released the Minutes of their latest meetings, markets were driven by mood swings and equities´ moves, with macroeconomic data doing little for currencies. On Friday, risk aversion receded somehow, leading to some stabilization in stocks and further recoveries in commodities prices, but at the same time, leaving currencies directionless.

    Sentiment is expected to continue leading the FX board during the upcoming days, but there are a couple of US macroeconomic releases that can determinate dollar's fate, those are March inflation and Retail Sales. The first is expected to have surged partly due to higher gasoline prices, whilst the second will likely disappoint, by showing a modest rise, in line with the previous months readings."
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