ECB Monetary Policy Decisions:
The European Central Bank has cut its three key interest rates by 25 basis points, lowering the deposit facility rate to 2.25%, the main refinancing rate to 2.40%, and the marginal lending rate to 2.65%, effective 23 April 2025. This decision reflects encouraging progress on inflation, with both headline and core inflation declining particularly in services while wage growth shows signs of moderation.
However, rising trade tensions and market uncertainty pose risks to euro area growth and financing conditions. The ECB emphasized a data-dependent approach moving forward, ruling out pre-commitments to further rate changes. It will continue phasing out bond holdings under the APP and PEPP programs and stands ready to deploy its Transmission Protection Instrument (TPI) if needed to safeguard monetary policy effectiveness. The ultimate goal remains anchoring inflation sustainably at its 2% target amid a highly uncertain global environment.
The European Central Bank has cut its three key interest rates by 25 basis points, lowering the deposit facility rate to 2.25%, the main refinancing rate to 2.40%, and the marginal lending rate to 2.65%, effective 23 April 2025. This decision reflects encouraging progress on inflation, with both headline and core inflation declining particularly in services while wage growth shows signs of moderation.
However, rising trade tensions and market uncertainty pose risks to euro area growth and financing conditions. The ECB emphasized a data-dependent approach moving forward, ruling out pre-commitments to further rate changes. It will continue phasing out bond holdings under the APP and PEPP programs and stands ready to deploy its Transmission Protection Instrument (TPI) if needed to safeguard monetary policy effectiveness. The ultimate goal remains anchoring inflation sustainably at its 2% target amid a highly uncertain global environment.
European Central Bank President Christine Lagarde's press conference begins
Lagarde: Eurozone growth outlook has deteriorated
Lagarde: We will follow our data-driven approach to interest rate policy
Lagarde: Inflation will stabilize at the 2% target
Lagarde: Economic outlook clouded by trade war
Lagarde: Eurozone growth outlook has deteriorated
Lagarde: We will follow our data-driven approach to interest rate policy
Lagarde: Inflation will stabilize at the 2% target
Lagarde: Economic outlook clouded by trade war
Lagarde: We may see a decline in consumer spending in the Eurozone
Lagarde: There is an urgent need for more productive and competitive policies for Eurozone countries
Lagarde: European governments must prioritize reforms that boost growth
Lagarde: There is an urgent need for more productive and competitive policies for Eurozone countries
Lagarde: European governments must prioritize reforms that boost growth
Lagarde: Most indicators point to inflation returning to target in the medium term.
Lagarde: Trade disruptions increase uncertainty about inflation
Lagarde: Fragmentation of global supply chains may affect inflation
Lagarde: Fragmentation of global supply chains may affect inflation
Lagarde: The euro's appreciation indicates more optimistic sentiment about the region's economy.
Crude Oil (WTI) (M5) Intraday: intraday support around 62.10.
Pivot: 62.10
Our preference: long positions above 62.10 with targets at 63.00 & 63.50 in extension.
Alternative scenario: below 62.10 look for further downside with 61.50 & 61.00 as targets.
Comment: the next resistances are at 63.00 and then at 63.50.
Supports and resistances:
64.50
63.50
63.00
62.73 Last
62.10
61.50
61.00
https://charts.tradingcentral.com/charts/174_20250417161739.gif
Pivot: 62.10
Our preference: long positions above 62.10 with targets at 63.00 & 63.50 in extension.
Alternative scenario: below 62.10 look for further downside with 61.50 & 61.00 as targets.
Comment: the next resistances are at 63.00 and then at 63.50.
Supports and resistances:
64.50
63.50
63.00
62.73 Last
62.10
61.50
61.00
https://charts.tradingcentral.com/charts/174_20250417161739.gif
Gold Intraday: the downside prevails.
Pivot: 3342.00
Our preference: short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.
Alternative scenario: above 3342.00 look for further upside with 3360.00 & 3383.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
3383.00
3360.00
3342.00
3313.00 Last
3293.00
3266.00
3242.00
https://charts.tradingcentral.com/charts/169_20250417161606.gif
Pivot: 3342.00
Our preference: short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.
Alternative scenario: above 3342.00 look for further upside with 3360.00 & 3383.00 as targets.
Comment: the RSI is below its neutrality area at 50%
Supports and resistances:
3383.00
3360.00
3342.00
3313.00 Last
3293.00
3266.00
3242.00
https://charts.tradingcentral.com/charts/169_20250417161606.gif
EUR/USD intraday : our next up target stands at 1.1439
Our pivot point is at 1.1334.
Our preference: our next up target stands at 1.1439
Alternative scenario: below 1.1334, expect 1.1303 and 1.1285.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1364 and 1.1374).
Supports and resistances:
1.1476 **
1.1458 *
1.1439 **
1.1421
1.1378 last
1.1346
1.1334 **
1.1303 *
1.1285 **
https://charts.tradingcentral.com/charts/74_20250417144815.gif
Our pivot point is at 1.1334.
Our preference: our next up target stands at 1.1439
Alternative scenario: below 1.1334, expect 1.1303 and 1.1285.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1364 and 1.1374).
Supports and resistances:
1.1476 **
1.1458 *
1.1439 **
1.1421
1.1378 last
1.1346
1.1334 **
1.1303 *
1.1285 **
https://charts.tradingcentral.com/charts/74_20250417144815.gif
Company: Netflix (NFLX)
EPS:
Actual: $ 6.61
Forecast: $ 5.69
Revenue:
Actual: $ 10.54B
Forecast: $ 10.5B
EPS:
Actual: $ 6.61
Forecast: $ 5.69
Revenue:
Actual: $ 10.54B
Forecast: $ 10.5B
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
EUR/USD intraday : our next up target stands at 1.1429
Our pivot point is at 1.1344.
Our preference: our next up target stands at 1.1429
Alternative scenario: below 1.1344, expect 1.1313 and 1.1295.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1361 and 1.1371).
Supports and resistances:
1.1466 **
1.1447 *
1.1429 **
1.1411
1.1372 last
1.1356
1.1344 **
1.1313 *
1.1295 **
https://charts.tradingcentral.com/charts/74_20250417195144.gif
Our pivot point is at 1.1344.
Our preference: our next up target stands at 1.1429
Alternative scenario: below 1.1344, expect 1.1313 and 1.1295.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.1361 and 1.1371).
Supports and resistances:
1.1466 **
1.1447 *
1.1429 **
1.1411
1.1372 last
1.1356
1.1344 **
1.1313 *
1.1295 **
https://charts.tradingcentral.com/charts/74_20250417195144.gif
Gold Intraday: key resistance at 3342.00.
Pivot: 3342.00
Our preference: short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.
Alternative scenario: above 3342.00 look for further upside with 3360.00 & 3383.00 as targets.
Comment: the index currently faces a challenging resistance area at 3342.00.
Supports and resistances:
3383.00
3360.00
3342.00
3326.25 Last
3293.00
3266.00
3242.00
https://charts.tradingcentral.com/charts/169_20250417225306.gif
Pivot: 3342.00
Our preference: short positions below 3342.00 with targets at 3293.00 & 3266.00 in extension.
Alternative scenario: above 3342.00 look for further upside with 3360.00 & 3383.00 as targets.
Comment: the index currently faces a challenging resistance area at 3342.00.
Supports and resistances:
3383.00
3360.00
3342.00
3326.25 Last
3293.00
3266.00
3242.00
https://charts.tradingcentral.com/charts/169_20250417225306.gif
Crude Oil (WTI) (M5) Intraday: look for 64.50.
Pivot: 62.85
Our preference: long positions above 62.85 with targets at 64.50 & 65.75 in extension.
Alternative scenario: below 62.85 look for further downside with 62.10 & 61.50 as targets.
Comment: the next resistances are at 64.50 and then at 65.75.
Supports and resistances:
66.50
65.75
64.50
63.65 Last
62.85
62.10
61.50
https://charts.tradingcentral.com/charts/174_20250417225218.gif
Pivot: 62.85
Our preference: long positions above 62.85 with targets at 64.50 & 65.75 in extension.
Alternative scenario: below 62.85 look for further downside with 62.10 & 61.50 as targets.
Comment: the next resistances are at 64.50 and then at 65.75.
Supports and resistances:
66.50
65.75
64.50
63.65 Last
62.85
62.10
61.50
https://charts.tradingcentral.com/charts/174_20250417225218.gif
📊 Click here to access the daily technical report, featuring technical analysis of approximately 20 financial instruments, including currencies, major stock indices, commodities, and metals !
5 Things to Know: 21/04/2025
🚗Tesla has delayed plans to launch a lower-cost version of its Model Y, which was originally planned for the first half of 2025, with production now expected between Q3 2025 and early 2026. The company is also developing a stripped-down Model 3 to expand its mass-market reach.
📱Verizon (NYSE:VZ) will report its Q1 2025 earnings tomorrow, Tuesday, April 22, with EPS forecast at $1.15 and revenue expected at $33.37 billion. Markets will be watching for signals on subscriber growth and network performance.
🔋Tesla (NASDAQ:TSLA) is set to report its Q1 2025 earnings tomorrow, April 22, after market close, with EPS forecast at $0.4691 and revenue expected at $22.4 billion. Investors will watch closely for updates on margins and delivery outlook.
📈Gold surged to a record $3,385.27 on Monday, rising 1.4% to $3,374.93 by 10:40 AM GMT+3 this morning, as a weaker dollar, Fed uncertainty, and Russia-Ukraine tensions boosted safe-haven demand.
📊China’s 5-year loan prime rate was released at 4:00 AM GMT+3 this morning, holding steady at 3.60%, in line with both forecasts and the previous reading, signaling a steady policy stance amid ongoing economic pressures.
🚗Tesla has delayed plans to launch a lower-cost version of its Model Y, which was originally planned for the first half of 2025, with production now expected between Q3 2025 and early 2026. The company is also developing a stripped-down Model 3 to expand its mass-market reach.
📱Verizon (NYSE:VZ) will report its Q1 2025 earnings tomorrow, Tuesday, April 22, with EPS forecast at $1.15 and revenue expected at $33.37 billion. Markets will be watching for signals on subscriber growth and network performance.
🔋Tesla (NASDAQ:TSLA) is set to report its Q1 2025 earnings tomorrow, April 22, after market close, with EPS forecast at $0.4691 and revenue expected at $22.4 billion. Investors will watch closely for updates on margins and delivery outlook.
📈Gold surged to a record $3,385.27 on Monday, rising 1.4% to $3,374.93 by 10:40 AM GMT+3 this morning, as a weaker dollar, Fed uncertainty, and Russia-Ukraine tensions boosted safe-haven demand.
📊China’s 5-year loan prime rate was released at 4:00 AM GMT+3 this morning, holding steady at 3.60%, in line with both forecasts and the previous reading, signaling a steady policy stance amid ongoing economic pressures.