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Key Points
- U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that "as early as this week, trade agreements with some of our largest trading partners may be announced."
- President Trump mentioned that "a product-specific tariff announcement on pharmaceuticals will be made within the next two weeks."
- On May 7, the Federal Reserve will announce the results of its FOMC meeting. While the market largely expects a rate hold, attention is focused on whether Fed Chair Jerome Powell will shift his stance.
Key Economic Events This Week
+ May 7: FOMC meeting results announcement
+ May 8: Bank of England interest rate decision
EURUSD Chart Analysis
The pair is experiencing a pullback after encountering resistance at recent highs, with a temporary rebound following a recent decline. Based on the medium-to-short-term trend, further pullbacks are expected. In that case, a bottom is likely to form around the 1.11000 level. However, if the price breaks above the 1.14000 level, it may attempt to break through the resistance at the high again, so this resistance level deserves close attention.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost and subscribe buttons.
Key Points
- U.S. Treasury Secretary Scott Bessent stated during a congressional hearing that "as early as this week, trade agreements with some of our largest trading partners may be announced."
- President Trump mentioned that "a product-specific tariff announcement on pharmaceuticals will be made within the next two weeks."
- On May 7, the Federal Reserve will announce the results of its FOMC meeting. While the market largely expects a rate hold, attention is focused on whether Fed Chair Jerome Powell will shift his stance.
Key Economic Events This Week
+ May 7: FOMC meeting results announcement
+ May 8: Bank of England interest rate decision
EURUSD Chart Analysis
The pair is experiencing a pullback after encountering resistance at recent highs, with a temporary rebound following a recent decline. Based on the medium-to-short-term trend, further pullbacks are expected. In that case, a bottom is likely to form around the 1.11000 level. However, if the price breaks above the 1.14000 level, it may attempt to break through the resistance at the high again, so this resistance level deserves close attention.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.