Currency and Stock Movements Under the Traders’ Microscope This Week:
This week, markets anticipate releasing key economic data and important decisions
from central banks in China, the Eurozone, Canada, the United States, and the United Kingdom.
At the same time, major currency pairs are showing significant technical movements,
while Nvidia stock is rebounding after benefiting from tariff exemptions.
Content
Economic Reports
Monday, April 14, 2025
19:48 China – Trade Balance (March)
Tuesday, April 15, 2025
15:30 Canada – Consumer Price Index (YoY) (March)
Wednesday, April 16, 2025
05:00 China – Gross Domestic Product (YoY) (Q1)
05:00 China – Retail Sales (YoY) (March)
09:00 UK – Consumer Price Index (YoY) (March)
12:00 Eurozone – Consumer Price Index (YoY) (March)
15:30 USA – Core Retail Sales (MoM) (March)
15:30 USA – Retail Sales (MoM) (March)
16:45 Canada – Interest Rate Decision by the Bank of Canada
Thursday, April 17, 2025
15:30 USA – Philadelphia Manufacturing Index (April)
16:15 Eurozone – Lending Interest Rate (April)
16:15 Eurozone – Interest Rate Decision by the European Central Bank
USDJPY
The Japanese yen has significantly benefited from current market volatility,
being one of the most prominent safe-haven assets.
The pair hit a new yearly low around 142 before witnessing a corrective upward movement toward 143.43.
The pair is expected to retest the key resistance-turned-support area around 144.
If a reversal pattern appears at this level, a decline toward 142 and then 139.50 may follow.
However, if 144 is breached, the upward correction may extend toward 146.
U.S. Dollar Index
The U.S. dollar remains negatively impacted by ongoing market volatility
and the continued imposition of tariffs between the U.S. and China.
The dollar index has dropped to levels not seen since July 2023,
especially amid expectations of increased rate cuts throughout the year.
This increases the likelihood of continued downward movement toward the 97.5 level,
where some corrective upward movement may begin.
EURUSD
The EURUSD pair is trading around 1.1358 as the U.S. dollar weakens due to tariffs and declining inflation,
raising expectations of further rate cuts.
Technically, the pair has reached levels not seen since 2022.
If it breaks through 1.1489, the bullish trend may continue toward 1.1686.
However, if signs of weakness emerge around 1.1489, a new bearish correction wave may begin.
EURAUD
The EURAUD pair is trading around 1.8051 after undergoing a bearish
correction at the end of last week, driven by euro weakness.
This supports the continuation of the downtrend toward key support levels around 1.7700,
from which the pair might resume its upward movement.
NVIDIA
NVIDIA stock recovered some of its recent losses,
benefiting from Trump’s decision to exempt certain tech goods from tariffs.
The stock reached around $110, expecting continued upward movement in the coming days,
targeting resistance levels around $113 and then $120.
Currency and Stock Movements Under the Traders’ Microscope
