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FX.co ★ Review of EUR / USD of 11/04/2018

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Forex Analysis:::2018-04-11T08:16:35

Review of EUR / USD of 11/04/2018

Apparently, the policy affects not only the ruble, but also the dollar despite good data on producer prices. The growth rate of producer prices accelerated from 2.8% to 3.0%. Although, we can assume that the whole thing is completely different, since inflation in the United States now only worries a few people. This is because Mr. Powell said that this year, there will only be two more increases in the refinancing rate. It is also worth noting that there has been a 1.0% increase in stocks in wholesale warehouses, which have been growing for nine consecutive months. Nevertheless, it should not be ruled out that investors are extremely worried because of the growing tensions between the US and Russia, which already borders on a full-scale military conflict. So this can be a very serious reason for the growth of the European currency.

Today, there will be data on inflation in the US, which should accelerate from 2.2% to 2.4%. If there are no further loud statements on Syria, or God forbid any actions of a military nature, then the dollar has a chance to win back its losses.

The EUR/USD pair may fall to 1.2325. If the political confrontation continues to grow, then it is possible to grow further to 1.2425.

Review of EUR / USD of 11/04/2018

Analyst InstaForex
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