EUR/USD is likely to end April on a negative note, as the German data is expected to show an uptick in the jobless rate, and the European Central Bank (ECB) has little or no room to sound hawkish.&nbsp;
 
With the pessimistic view from the FOMC and the optimism sparked by the Gilead trial on COVID-19, look for short-term buying opportunities up until the ECB’s interest rate decision.&nbsp;

EUR/USD Outlook

Fed has played their cards and the S&amp;P 500 closed higher on Wednesday following the FOMC rate decision. In the meantime, it is being held up by the performance of a handful of companies.&nbsp;
 
While the price may look to be tilted higher in the days ahead, concerns it will peter out soon. Therefore, my bias is that it will go into a bearish trend.&nbsp;

S&P500 Outlook

Yen may extend its gains versus its peers if stress in the market for collateralized loan obligations (CLOs) is amplified in the current environment.&nbsp;

Yen May Rise On Credit Downgrades Risks

Nikkei225 returning from a holiday on Wednesday, jumped 2.5% to a seven-week high as well, catching up on the week's gains, and expected to continue for the rest of the week. However, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting later in the day.&nbsp;

Nikkei Jumped Returning From A Holiday

Aussie picked up when China PMI released. It seems to have done so to a limited extent after this data, finding a foothold after slipping earlier in the session. As can be seen in the chart, AUDUSD is showing a very steep uptrend line, which means nothing but a strong continuation of an uptrend in the near term.
More broadly the Aussie has recovered markedly from its own March lows.&nbsp;

AUD/USD Strong Uptrend Line

Looking at the pressure below 1.2650, we can see a head-and-shoulders pattern outlined and it indicates a downtrend will be taking place. Traders may also find choppy moves between 1.2500 and 1.2395.&nbsp;
A downside break below 1.2395 can avail multiple supports around 1.2370 and 1.2340 ahead of visiting the 1.2300 round-figure.&nbsp;

GBP/USD Bearish Trade Idea

Gold price surges followed by the US Dollar depreciated. Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes to shore up the economy. Fed attempts to target interest rate unchanged at 0-0.25 pct, says will stay there until the economy has weathered recent events and on track to achieve employment and inflation goals&nbsp;

Gold Price Rises Amid Wall Streets Soars

The pair is traded below the support level 1.096 and there's a clear indication of recovery, therefore, I will go for long for the time being.&nbsp;

CHF/JPY Long Trade Idea

NZD/USD has hit the resistance level at 0.61 and with the upcoming US GDP and FOMC decision, I am leaning towards the bearish trend in the interim.&nbsp;

NZD/USD Hits The Resistance

USD/JPY registers five-day losing streak and renews six-week low near mid-106s. The 4-hour chart shows that the 20 EMA is turning bearish above the current level, while technical indicators have stabilised near daily lows.&nbsp;
 
The anticipated decline in GDP will reflect a plunge in economic activity since March and analysts predictions the economy was already in a deep recession.&nbsp;

Covid-19 Like Hammered Hard on US Economy In First Quarter

The German Government has been able to put the pandemic under control in comparison to other countries so far. &nbsp;With further optimism kindled by signs that several economies were starting to ease coronavirus-driven lockdown, hence the strong rebound of DAX30. It may retrace lower for a correction, but it should recover in a long-term.&nbsp;

GER30 Bullish Outlook

The dollar was on the back foot on Wednesday as the slowing spread of the coronavirus and moves to re-open economies supported the investor mood, ahead of major central bank meetings.&nbsp;
 
Investors will be watching to see if the U.S. central bank gives any clues on its future policy path after it responded to the economic devastation of the COVID-19 pandemic by slashing rates, buying bonds and backstopping credit markets.&nbsp;

KingsMan FX

KingsMan FX

Dec 01 2020

EUR/USD Outlook

3

KingsMan FX

Dec 01 2020

S&P500 Outlook

2

KingsMan FX

Dec 01 2020

Yen May Rise On Credit Downgrades Risks

2

KingsMan FX

Dec 01 2020

Nikkei Jumped Returning From A Holiday

KingsMan FX

Dec 01 2020

AUD/USD Strong Uptrend Line

KingsMan FX

Dec 01 2020

GBP/USD Bearish Trade Idea

KingsMan FX

Dec 01 2020

Gold Price Rises Amid Wall Streets Soars

KingsMan FX

Dec 01 2020

CHF/JPY Long Trade Idea

KingsMan FX

Dec 01 2020

NZD/USD Hits The Resistance

KingsMan FX

Dec 01 2020

Covid-19 Like Hammered Hard on US Economy In First Quarter

KingsMan FX

Dec 01 2020

GER30 Bullish Outlook

KingsMan FX

Dec 01 2020

Dollar Slips Against Euro