EUR/USD hovers around 1.14: Investors await clear signals from the market

Forex

Summary:

On April 29, 2025, the EUR/USD currency pair was trading around 1.14, down slightly from the intraday high of 1.1523 and the low of 1.0257. The market is in a consolidation mode, with investors awaiting clearer signals from US economic data and the Fed's interest rate decision next week....

BUY EURUSD

Close Time

CLOSED

1.14122

Entry Price

1.15000

1.13500

1.17452 +0.00058 +0.05%

62.2

Pips

Loss

1.13500

1.13497

Exit Price

1.14122

Entry Price

1.15000

Market Overview

EUR/USD is currently trading in a narrow range, reflecting investor hesitation ahead of key economic events. The possibility that the Fed will keep interest rates higher for longer is weighing on the USD, while the EUR is supported by expectations of easier monetary policy from the ECB.

Market psychology

The market sentiment index shows investor caution, with trading volumes slightly down and price volatility low. Investors are waiting for clearer signals from economic data and the Fed's interest rate decision to determine the next direction of this currency pair.

Technical analysis

Bollinger Bands (20,0,2): Price is hovering near the middle band of the Bollinger Bands, indicating that the market is in a consolidation state. Price moving above or below the upper/lower band may signal a new trend.

Ichimoku Kinko Hyo (9,26,52): The price is near the Kumo cloud, indicating an unclear trend. A price move above the cloud would be a positive signal, while a fall below the cloud could signal a downtrend.

Stochastic Oscillator (5,3,3): The Stochastic indicator is in the neutral zone, indicating that the market has no clear overbought or oversold signals.

Trading Recommendations

Entry (First): 1.14120

Take Profit: 1.1500

Stop Loss: 1.1350

If the price breaks above the Ichimoku cloud and the upper band of the Bollinger Bands, it will be a positive signal for an uptrend. Conversely, if the price falls below the cloud and the lower band of the Bollinger Bands, a downtrend can be confirmed.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Adam

Forex

Summary:

On April 29, 2025, the GBP/JPY currency pair was trading around 192.50, down slightly from the intraday high of 193.20 and the low of 192.00. The market is in a consolidation mode, with investors awaiting clearer signals from UK and Japanese economic data, as well as the Bank of England (BoE) interest rate decision next week....

BUY GBPJPY

Close Time

CLOSED

191.000

Entry Price

192.200

190.000

207.598 -0.725 -0.35%

100.0

Pips

Loss

190.000

189.994

Exit Price

191.000

Entry Price

192.200

Market Overview

GBP/JPY is currently trading in a narrow range, reflecting investor hesitation ahead of key economic events. The possibility that the BoE will keep interest rates higher for longer is weighing on the pound, while the Japanese yen is supported by safe-haven sentiment amid global economic uncertainty.

Market psychology

The market sentiment indicator shows investor caution, with trading volumes down slightly and price volatility low. Investors are waiting for clearer signals from economic data and the BoE interest rate decision to determine the next direction of this currency pair.

Technical analysis

GBP/JPY hovers around 191: Investors await clear signals from the market_1

Stochastic Oscillator (5,3,3): The Stochastic indicator is in the neutral zone, indicating that the market has no clear overbought or oversold signals.

Trading Recommendations

Entry (First): 191 – 191.6

Take Profit: 192.20

Stop Loss: 190.0

Risk Warnings and Disclaimers

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Adam

Cryptocurrency

Summary:

On April 29, 2025, the price of Bitcoin (BTC/USD) was trading around $93,914, down slightly from an intraday high of $95,533 and a low of $92,953...

BUY BTC-USDT

Close Time

CLOSED

94007.6

Entry Price

95500.0

93000.0

85726.1 -1316.8 -1.51%

1007.5

Pips

Profit

93000.0

95015.1

Exit Price

94007.6

Entry Price

95500.0

Market Overview

Bitcoin is currently trading in a narrow range, reflecting investor hesitation ahead of key economic events. The possibility that the Fed will keep interest rates higher for an extended period is putting pressure on risk assets like cryptocurrencies. In addition, inflows from Bitcoin ETFs are also slowing, reflecting institutional investor caution.

Market psychology

The Fear Greed Index for the cryptocurrency market is at “Neutral,” indicating a balance between fear and expectation. Trading volume is down slightly, reflecting investors’ anticipation of important monetary policy decisions and economic data.

Technical analysis

Bitcoin hovers around $94,000: Investors await clear signals from the market_1

Bollinger Bands (20,0,2): Price is hovering near the middle band of the Bollinger Bands, indicating that the market is in a consolidation state. Price moving above or below the upper/lower band may signal a new trend.

Ichimoku Kinko Hyo (9,26,52): The price is near the Kumo cloud, indicating an unclear trend. A price move above the cloud would be a positive signal, while a fall below the cloud could signal a downtrend.

Stochastic Oscillator (5,3,3): The Stochastic indicator is in the neutral zone, indicating that the market has no clear overbought or oversold signals.

Trading Recommendations

Entry (First): $94,000 – $94,200

Take Profit: $95,500

Stop Loss: $93,000

Risk Warnings and Disclaimers

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Adam

Commodity

Summary:

On April 29, 2025, the price of gold (XAU/USD) is trading around $3,349/oz after bouncing from the technical support zone at $3,306. The market is closely watching the upcoming US economic data, including the employment report and GDP, amid concerns about rising inflation due to the Trump administration's new tariff policy. The trend of gold in the coming time may continue to be influenced by technical factors and economic news.

BUY XAUUSD

Close Time

CLOSED

3344.29

Entry Price

3370.00

3295.00

4303.95 +4.56 +0.11%

492.9

Pips

Loss

3295.00

3294.54

Exit Price

3344.29

Entry Price

3370.00

Overview

Gold prices are currently hovering around $3,340/oz, after recovering from a mid-week low of $3,306, which coincides with the rising trend line and the 50-day EMA.

The market is under pressure from the Trump administration's new tariff policies, including a 10% tariff on all imports and higher tariffs on goods from 57 countries, including China, with effective tariffs of up to 54%.

These policies have raised concerns about inflation and slowing economic growth, especially as the IMF has downgraded its global growth forecast to 2.8% for 2025.

Market psychology

Investor sentiment is currently dominated by concerns about inflation and slowing economic growth. The University of Michigan's consumer sentiment index fell sharply to 52.2 in April, its lowest level since 1990. At the same time, long-term inflation expectations rose to 3.3%, the highest level since June 2008. These factors are boosting demand for safe-haven assets such as gold.

Technical analysis

Gold recovers slightly after correction: Will the rally continue as US economic data is due?_1

Bollinger Bands (20,0,2): Gold prices are currently hovering near the middle band of the Bollinger Bands, indicating that the market is in a consolidation state. Price moving above or below the upper/lower band could signal a new trend.

Ichimoku Kinko Hyo (9,26,52): Price is above the Kumo cloud, indicating that the uptrend is still maintained. However, the gap between price and the cloud is narrowing, need to monitor closely to determine the possibility of a reversal.

Stochastic Oscillator (5,3,3): The Stochastic indicator is in the neutral zone, indicating that the market has no clear overbought or oversold signals.

Trading Recommendations

Recommended strategy:

Entry (First): $3,345 – $3,355

Take Profit: $3,370

Stop Loss: $3,295

A break above the $3,370 resistance level could open the door for further gains towards the $3,400-$3,420 zone. Conversely, a drop below the $3,295 support level could confirm a bearish bias.

Risk Warnings and Disclaimers

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Adam

Forex

Summary:

On April 29, 2025, the AUD/USD exchange rate fell sharply to 0.6420, under pressure from expectations that the Reserve Bank of Australia (RBA) will cut interest rates in May. At the same time, the weakening of the USD and global trade tensions are affecting the market....

SELL AUDUSD

Close Time

CLOSED

0.64000

Entry Price

0.62500

0.64600

0.66372 -0.00148 -0.22%

4.6

Pips

Profit

0.62500

0.63954

Exit Price

0.64000

Entry Price

0.64600

Overview

The AUD/USD pair is currently trading around 0.6450, down sharply from a high of 0.6941 in February 2025. The weakening USD and expectations of a rate cut by the RBA are putting downward pressure on the pair.

Market psychology

Current market sentiment reflects concerns about the global economic outlook and the divergence in monetary policy between the US and Australia. The Fear Greed Index shows increased concern, with a high fear ratio. Investors are looking for safe haven assets, which could support the USD in the short term and put pressure on the AUD.

Technical analysis

AUD/USD Falls Sharply: Will the Downtrend Continue as RBA Prepares to Cut Rates?_1

Bollinger Bands (20,0,2): Price is trading near the lower line of the Bollinger Band, indicating a potential continuation of the downtrend if it breaks the 0.6300 support level.

Ichimoku indicator (9,26,52): Price has fallen below the Ichimoku cloud, indicating a strong downtrend.

Stochastic Oscillator (5,3,3): This indicator is in the oversold zone, indicating a possible short-term reversal, but not strong enough to confirm an uptrend.

Support and resistance levels:

Support: 0.6300 (next support level).

Resistance: 0.6350 (nearest resistance level).

Trading Recommendations

Entry: Open a sell order when price confirms breaking the 0.64 support level.

Take Profit: 0.6250 (next support level).

Stop Loss: 0.6460 (nearest resistance level).

Risk Warnings and Disclaimers

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Adam

Forex

Summary:

The USD/CAD pair continues its strong downtrend, trading around 1.3855. The weakening of the USD and expectations of a rate cut by the Bank of Canada (BoC) are putting downward pressure on the pair.

SELL USDCAD

Close Time

CLOSED

1.38200

Entry Price

1.37500

1.38600

1.37752 +0.00052 +0.04%

40.0

Pips

Loss

1.37500

1.38603

Exit Price

1.38200

Entry Price

1.38600

Overview

The USD/CAD pair is currently trading around 1.3855, down sharply from a high of 1.4543 in January 2025. The weakening USD and expectations of a BoC rate cut are putting downward pressure on the pair. USD/CAD could continue its downtrend if it remains below the 1.3800 support level without a clear reversal signal.

Market psychology

Current market sentiment reflects concerns about the global economic outlook and the divergence in monetary policy between the US and Canada. Investors are looking for safe-haven assets, which could support the CAD in the short term.

Technical analysis

USD/CAD continues its strong downtrend_1

Bollinger Bands (20,0,2): Price is trading near the lower line of the Bollinger Band, indicating a potential continuation of the downtrend if it breaks the support level of 1.3800.

Ichimoku indicator (9,26,52): Price has fallen below the Ichimoku cloud, indicating a strong downtrend.

Stochastic Oscillator (5,3,3): This indicator is in the oversold zone, indicating a possible short-term reversal, but not strong enough to confirm an uptrend.

Support and resistance levels:

Support: 1.3800 (next support level).

Resistance: 1.3855 (nearest resistance level).

Trading Recommendations

Entry: Open a sell order when price confirms a break of the support level 1.3820.

Take Profit: 1.3750 (next support level).

Stop Loss: 1.3860 (nearest resistance level)

Risk Warnings and Disclaimers

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Eva Chen

Forex

Economic

Summary:

EURGBP has retreated further from its two-year highs, with the divergence in policy expectations between the Bank of England and the European Central Bank (ECB) potentially emerging as a headwind for the currency pair.

SELL EURGBP

Close Time

CLOSED

0.85073

Entry Price

0.82670

0.86650

0.87867 +0.00078 +0.09%

39.9

Pips

Profit

0.82670

0.84674

Exit Price

0.85073

Entry Price

0.86650

Fundamentals

Alfred Kammer, the International Monetary Fund's (IMF) Director for Europe, indicated that Germany's increased infrastructure spending will provide some support for Europe's growth outlook, but it is insufficient to offset the damage caused by US tariffs.

In an interview with CNBC, Kammer emphasized that "tariffs and trade tensions are weighing on the outlook rather than providing any positive fiscal impact."

He noted that the IMF has "significantly downgraded" its growth forecasts for advanced economies in Europe over the next two years and has made even steeper downward adjustments to its growth projections for emerging economies in the eurozone. The IMF has revised its growth forecasts for the eurozone downward by 0.2% for both 2025 and 2026, now expecting growth rates of 0.8% and 1.2%, respectively.

Kammer also offered clear policy advice to the ECB. Acknowledging the success of deflationary measures, he stated that the ECB has "room to cut rates by another 25 basis points in the summer." Thereafter, rates should be maintained around 2%, barring any significant shocks.

Francois Villeroy de Galhau, a member of the ECB's Governing Council from France, expressed confidence today that neither France nor Europe is facing an imminent recession risk, while inflation is expected to continue declining.

In an interview with RTL radio, Villeroy reiterated that despite global uncertainties, the ECB still retains "the leeway for gradual rate cuts."

Villeroy also issued a strong warning about the risks posed by US trade policies. He criticized the protectionist stance of the US government, stating that it "not only harms the US economy but, unfortunately, also the world economy."

He emphasized that protectionism ultimately leads to "slower growth and higher inflation."

Market Observations: The divergence in policy expectations between the Bank of England and the ECB may further weigh on the euro.

According to data released on Monday, UK retail sales unexpectedly rose by 0.4% in March, with the previous month's increase revised downward to 0.7%. Combined with market expectations that the Bank of England's rate-cutting pace will be slower than that of other major central banks, including the ECB, this should support the pound and cap any upside for EURGBP.

Technical Analysis

During the day, the trend of EURGBP currently remains neutral-biased downward, following the breach of the 0.8518 support level.

On the upside, if bulls break above the minor resistance at 0.8622, it will first trigger a retest of the 0.8737 level. A sustained hold above this resistance would reignite the broader uptrend that began at 0.8221.

However, a sustained break below 0.8518 would push EURGBP further down towards the 55-day moving average, currently located at 0.8450.