{"id":964,"date":"2021-04-19T18:01:19","date_gmt":"2021-04-19T21:01:19","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=964"},"modified":"2021-04-19T18:01:21","modified_gmt":"2021-04-19T21:01:21","slug":"eurusd-started-the-week-by-breaking-the-1-20-level-quickly-reaching-1-2048-remaining-at-the-level-close-to1-2035-throughout-the-day","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/04\/19\/eurusd-started-the-week-by-breaking-the-1-20-level-quickly-reaching-1-2048-remaining-at-the-level-close-to1-2035-throughout-the-day\/","title":{"rendered":"EURUSD started the week by breaking the 1.20 level, quickly reaching 1.2048, remaining at the level close to1.2035 throughout the day."},"content":{"rendered":"\n

Highlights<\/strong><\/p>\n\n\n\n

EURUSD started the week by breaking the 1.20 level, quickly reaching 1.2048, remaining at the level close to1.2035 throughout the day.\u00a0Throughout the European and American session, interest in the dollar was very low, since theinvestors are optimistic about the global economic recovery, especially now that the vaccination campaignin Europe it starts to pick up pace.\u00a0This week the European Central Bank’s monetary policy committee meets.\u00a0Although themarket does not wait for any news at this meeting, it will follow the speeches of the committee members, looking for anypossible change in relation to monetary stimuli.<\/p>\n\n\n\n

Demand for the dollar also remained low in today’s session as the yield on the Treasury bill with10-year maturity, which reached the lowest observed in the last month, of 1.53% last week, was close to 1.61%,attracting a normal level of investors.\u00a0Securities settlement has declined since the beginning of this month, despite economic databetter than expected for the US (home construction reached its highest 15-year high in March, salesretail sales grew strongly and claims for unemployment benefits reached the lowest level in the last 13 months).\u00a0THEdisclosure of quarterly results by the North American Companies has confirmed the recovery of the private sectorthe country after the pandemic.\u00a0S&P and Dow advanced 1.38% and 1.18%, respectively, last week, reaching the fourthconsecutive week of gains, while the Nasdaq Composite rose 1.4%, rising for the third consecutive week.<\/p>\n\n\n\n

On the other hand, geopolitical tensions, with the US imposing a new series of sanctions on Russia, are of concern, as well as themaintaining control over US inflation by the Fed<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

DXY is being traded at 91.0 thousand points, the lowest level since March 3.\u00a0The dollar lost 0.7% in the weekthe second consecutive weekly loss.\u00a0The USDJPY is oscillating close to $ 108.1.\u00a0The USDCHF of $ 0.9150.\u00a0Gold isbeing traded at $ 1,770 an ounce, and silver at $ 25.8<\/p>\n\n\n\n

Throughout this week, the main facts to be disclosed are:<\/p>\n\n\n\n

Tuesday, 4\/20<\/p>\n\n\n\n

\u2022Weekly retail sales in the USA (redbook) April 17, 2021\u2022Crude oil stock on April 16, 2021<\/p>\n\n\n\n

Wednesday, 21\/4<\/p>\n\n\n\n

\u2022Weekly mortgage applications in the U.S., April 16, 2021<\/p>\n\n\n\n

\u2022$ 24 billion US Treasury bond auction maturing in 20 years<\/p>\n\n\n\n

Thursday, 22\/4<\/p>\n\n\n\n

\u2022European Union budget and debt to GDP<\/p>\n\n\n\n

\u2022Labor market in the USA, April 17, 2021<\/p>\n\n\n\n

\u2022ECB interest rate decision at the monetary policy meeting + Press conference<\/p>\n\n\n\n

\u2022European consumer confidence in April \/ 2021<\/p>\n\n\n\n

\u2022$ 18 billion US Treasury bond auction maturing in 5 years<\/p>\n\n\n\n

Friday, 23\/4<\/p>\n\n\n\n

\u2022Markit Manufacturing, Services and Composite PMI Flash<\/a>\u00a0for the European Union inapril \/ 2021<\/p>\n\n\n\n

\u2022Markit Manufacturing, Services and Composite PMI Flash<\/a>\u00a0for the USA in April \/ 2021<\/p>\n\n\n\n

\u2022ECB President Christine Lagarde speaks to the panel “A global tipping point: powerof global capital markets in the fight against climate change “, organized andreleased by Bloomberg<\/p>\n\n\n\n

The main facts observed by investors at the moment are:<\/p>\n\n\n\n

COVID-19<\/strong><\/p>\n\n\n\n

Reaching more than 141 million cases worldwide, with more than 3 million deaths, and avaccination campaign that has already distributed almost 895 million doses, COVID-19 is now victimizing the youngest,who have not received a vaccine and who are leading a less careful life.<\/p>\n\n\n\n

MACROECONOMY:<\/strong><\/p>\n\n\n\n

Eurozone:<\/strong><\/p>\n\n\n\n

The production of the civil construction sector in the Euro Zone contracted 5.8% in February 2021 incompared to the previous year.\u00a0It was the sixth consecutive month of fall in production in the sector and the largesthas fallen since May 2020. On a monthly basis, the production of the civil construction sector fell2.1% in February 2021, after a 0.8% gain in the previous month.<\/p>\n\n\n\n

The Eurozone trade balance surplus decreased to EUR 13.3 billion in February2021, of EUR 14.1 billion in the same month of the previous year, as primary revenue registered adeficit of EUR 2.1 billion.\u00a0Meanwhile, the service sector recorded a surplus of EUR 7.3billion, compared to a deficit of EUR 6.1 billion in the same period last year.<\/p>\n\n\n\n

SHARES: <\/strong><\/p>\n\n\n\n

European stock markets remained close to their record highs in today’s session, after registeringseven consecutive weeks of earnings on the last Friday.\u00a0The German DAX 30 ended the week at its highest valueof all time;\u00a0the French CAC 40 at the highest value in the last two decades;\u00a0the English FTSE 100 closed in valuehighest in the last 14 months;\u00a0and the Spanish IBEX 35 closed at the highest level since March 2020.\u00a0In the USA, theCoca-Cola showed results above market expectations, Tesla’s shares fell about 2% (afterthat two people died in Texas on Saturday night, in an accident with a car of the brand.\u00a0The team ofemergency took about four hours and about 32,000 gallons of water to put out the fire that engulfed theelectric vehicle, as high voltage batteries like those used in Teslas can reignite after beingdamaged even after firefighters extinguished a fire).<\/p>\n\n\n\n

OTHERS:<\/strong><\/p>\n\n\n\n

Ethanol futures rose to more than $ 2.0 per gallon for the first time since the end of 2014, due toto lower stocks, as demand for renewable fuels is growing thanks topolicies of the Biden administration.<\/p>\n\n\n\n

Bitcoin was trading around $ 57,350 on Monday.\u00a0The losses came after Bitcoinjumped to more than $ 64,000 last Wednesday due to enthusiasm for the debut of the stock exchangeCoinbase cryptocurrencies in the stock market<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights EURUSD started the week by breaking the 1.20 level, quickly reaching 1.2048, remaining at the level close to1.2035 throughout the day.\u00a0Throughout the European and American session, interest in the dollar was very low, since theinvestors are optimistic about the global economic recovery, especially now that the vaccination campaignin Europe it starts to pick up […]<\/p>\n","protected":false},"author":2,"featured_media":946,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-964","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=964"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/964\/revisions"}],"predecessor-version":[{"id":966,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/964\/revisions\/966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/946"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}