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18 April 2025,02:17
Trade Of The Day
18 April 2025, 02:17
*The European Central Bank cut its deposit rate by 25 basis points to 2.25%—its seventh reduction since last June—citing global trade tensions as a key threat to Eurozone growth. The euro held steady following the move, as markets had already priced in the rate cut. Sentiment received a modest boost from growing optimism around U.S.-EU trade negotiations. Former President Trump expressed full confidence that a deal is “100% going to happen,” while Italian Prime Minister Giorgia Meloni emphasized Western unity during her visit. Notably, Trump also paused a planned 20% tariff on EU imports, easing investor nerves.
* EUR/USD continues to trend higher and is currently testing a key resistance level. A golden cross on the MACD signals bullish momentum, while the RSI at 53 supports a moderately positive bias. A confirmed breakout above 1.1385 could open the path toward the next resistance at 1.1455. However, a failure to break higher may see the pair retreat toward support at 1.1270.
Persistent U.S.-China trade tensions may still trigger volatility for the euro.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential trade war for further market direction by following PU Xtrader’s financial news page.
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18 April 2025, 02:17 EUR/USD Eyes Breakout as ECB Cuts Rates, Trade Optimism Lifts Sentiment
17 April 2025, 03:27 Gold Surges to Record-High, Stagflation Concerns Persist
16 April 2025, 03:09 Gold Hits Record High amid Trade Tensions Fuels Safe-Haven Demand
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