The USD is not going to give up. Overview for 15.03.2018

15.03.2018

The main currency pair is trying to rise, but the USD seems to be quite strong.

On Thursday morning, EURUSD is trying to regain the positions it lost yesterday, but these attempts haven’t been successful so far. The current quote for the instrument is 1.2380.

Investors are still trying to predict Donald Trump’s future actions relating to foreign politics and economics, but it looks more like “reading tea leaves”: no one really knows what Trump may do next time. Right now, investors are very worried about possible tightening of commercial relations with China if the White House decides to increase the duty on imported goods from China.

Mario Draghi, the ECB Governor, delivered his speech yesterday and put additional pressure on the Euro. He said that strengthening of the Euro, which could be seen recently, might affect the inflation in the Euro Area in a negative way. Without stable growth of the Consumer Price Index, the European regulator won’t be able to slow down and close the QE program.

The statistics on the US Retail Sales published yesterday helped the Euro to reach stability. In February, the indicator lost 0.1% m/m against the expected reading of +0.3% m/m.

 

RoboForex Analytical Department

 

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.