📊📊📊📊📊

#eurusd

🇪🇺🇺🇸 The EUR/USD pair is trading at 1.1350.

📊 Market participants are awaiting European data on the harmonized index of consumer prices for April, as well as the report on gross domestic product (GDP) for the first quarter, which will be published this week.

🏛 According to forecasts, inflation in the eurozone will return to the ECB's target level of 2%, which will be the lowest indicator of price pressure since October 2024. Recall that the inflation rate fell to 2.2% in March. At the same time, the eurozone GDP in the first quarter may add 0.2% compared to the previous quarter. The rise in inflation is expected to increase traders' confidence that the ECB will cut interest rates again at its meeting in June. The probability of such a scenario is currently estimated at 80%.

📉 According to analysts, pressure on the euro may increase in the coming days.

✅ Start trading

😆 Big News: Memecoins Just Landed at AMarkets
The hottest trend in crypto is now live on MT5

Trade CFDs on the top 3 memecoins:
😁 Trump (TRUMPUSD)
🎩 Melania (MELUSD)
💲 Dogecoin (DOGUSD)

Why traders are jumping in:

🔘High volatility = big potential for active strategies
🔘Massive buzz from retail and institutional investors
🔘A fresh way to diversify your crypto portfolio

Meme fever is sweeping the markets. Ready to ride the wave?

✅Trade Trump, Melania & Dogecoin in MT5

🇨🇳 Chinese online retailers Temu and Shein have raised prices by 300% for American consumers;

⚠️ According to the Wall Street Journal, US President Donald Trump plans to ease auto tariffs;

📰 As polls close in Canada, preliminary results show the ruling Liberal Party has won the federal election;

🇨🇦 Mark Carney will remain as Canada's prime minister;

🏛 Bank of France Governor Francois Villeroy de Galhau said the European Central Bank (ECB) has room to cut interest rates further.

📊📊📊📊📊

#usdcad

🇺🇸🇨🇦 The USD/CAD pair is trading at the level of 1.3850.

📰 Canadian media reports that the Liberal Party has won the election, so Mark Carney has been confirmed as Prime Minister. However, the results were much weaker than polls suggested. The Liberals currently control 167 seats in Parliament, which is less than the 172 needed for a majority. This means that they will have to form a coalition government, which could complicate the process of reforming the economy.

⚠️ In addition, Carney has promised to fight hard against US President Donald Trump's tariffs, while his closer ties with European countries could become an obstacle in trade negotiations with the US.

📈 Considering the above, the USD/CAD pair retains growth potential.

✅ Start trading

⚠️ The Conference Board's consumer confidence index fell to 86 in April from 93.9, hitting its lowest since April 2020;

📰 Reuters reported on Tuesday that China has decided to lift a 125% tariff on U.S. ethane imports imposed earlier this month;

📊 According to the JOLTS job openings report, U.S. employers posted 7.19 million new job openings in March, down from 7.48 million in February;

🛢 According to the American Petroleum Institute (API), U.S. crude inventories rose by 3.7 million barrels last week after falling by 4.5 million two weeks earlier;

🇨🇳 China's Caixin Manufacturing Purchasing Managers' Index (PMI) fell to 50.4 in April from 51.2 in March.

📊📊📊📊📊

#dxy

🇺🇸 The Dollar Index (DXY) trades at 99.40.

📰 Today, market participants will be closely watching the US GDP data for the first quarter, April employment statistics from ADP, as well as the personal consumption expenditure (PCE) price index for March. The market's interest in these statistics is due to the fact that these data will directly affect the future actions of the Fed on the key interest rate.

📊 The US economy is expected to show modest growth in the first quarter at 0.4% in annual terms, which is significantly lower than 2.4% in the previous quarter. The ADP and PCE data are likely to disappoint even more, which will increase the likelihood of easing the US monetary policy in June.

📉 Another factor in the decline of the dollar remains the uncertainty in trade relations between the US and China. Market participants are increasingly confident that the tariff war between the two largest powers in the world will not be resolved in the near future.

✅ Start trading