The ECB meeting will focus attention on the financial markets
<p><a href="https://admiralmarkets.com/analytics/traders-blog/ecb-meeting-apr-2021"><img data-resize="auto" data-resize="auto" data-resize="auto" style="width:auto;" class="img-responsive" data-src="https://fxmedia.s3.amazonaws.com/articles/mceu_59618823511619089380203.jpg" /></a></p>
<p><span>Despite being in earning’s season in both Europe and the United States, during today's trading session, investors will focus on the </span><b>European Central Bank meeting.</b></p>
<p><span>Although no big surprises are expected or changes in current monetary policy or in interest rates, </span><b>the main attention is Christine Lagarde’s press conference, where some clues about future possible reductions of the stimulus or bond purchase program for the second half of this year may be revealed,</b><span> as the Central Bank of Canada has already communicated yesterday.</span></p>
<p><span>Any decision or comment made today by the ECB may have an impact on the euro, so we must be very attentive to the reaction of the markets. In recent sessions, we have been seen how </span><b>the EURUSD has slightly slowed its upward trend, trading practically flat while waiting for this meeting.</b></p>
<p><span>If we look at the daily chart, we can see that the price has rebounded strongly after facing its uptrend line after the sharp declines that began after marking annual highs in January. This rebound has led it to rise again to its 18-session black average and to trade above 1.20, these being its main support levels. </span></p>
<p><span>If the price manages to maintain these levels, we could find a new upward momentum until we are faced with a medium-term downtrend, the breakdown of this level being the definitive confirmation of the change in trend.</span></p>
<p><span><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/mceu_17126337721619089468371.png" /></span></p>
<p><em><span>Source: EURUSD daily chart from </span></em><a href="https://admiralmarkets.com/trading-platforms/metatrader-5/for-windows"><em><span>Admiral Markets MetaTrader 5</span></em></a><em><span> platform from January 14, 2020, to April 22, 2021. Taken on April 22 at 11:15 CEST. Note: Past performance is not a reliable indicator of future results, or future performance.</span></em></p>
<p><span>Price evolution of the last 5 years:</span></p>
<ul>
<li aria-level="1"><span>2020 = + 8.93%</span></li>
<li aria-level="1"><span>2019 = -2.21%</span></li>
<li aria-level="1"><span>2018 = -4.47%</span></li>
<li aria-level="1"><span>2017 = + 14.09%</span></li>
<li aria-level="1"><span>2016 = -3.21%</span></li>
</ul>
<p><span>With the Admiral Markets Trade.MT5 account, you can trade Contracts for Differences (CFDs) on the EUR/USD and more than 3000 stocks! CFDs allow traders to try to profit from the bull and bear markets, as well as the use of leverage. Click on the following banner to open an account today:</span></p>
<p><a href="https://admiralmarkets.com/trading-platforms/metatrader-5"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/MT5_CTA-15.png" alt="Trade With MetaTrader 5" /></a></p>
<p><b><em>INFORMATION ABOUT ANALYTICAL MATERIALS:</em></b></p>
<p><em><span>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the websites of Admiral Markets investment firms operating under the Admiral Markets trademark (hereinafter “Admiral Markets”) Before making any investment decisions please pay close attention to the following:</span></em></p>
<ol>
<li aria-level="1"><em><span>This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.</span></em></li>
<li aria-level="1"><em><span>Any investment decision is made by each client alone whereas Admiral Markets shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.</span></em></li>
<li aria-level="1"><em><span>With view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.</span></em></li>
<li aria-level="1"><em><span>The Analysis is prepared by an independent analyst, Roberto Rojas (analyst), (hereinafter “Author”) based on their personal estimations.</span></em></li>
<li aria-level="1"><em><span>Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.</span></em></li>
<li aria-level="1"><em><span>Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.</span></em></li>
<li aria-level="1"><em><span>Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.</span></em></li>
</ol>
Leave a Comment