Forex Daily Analysis : 01 April 2021

The daily forex analysis on 01 April 2021 this time discusses the movement of EURUSD in last Wednesday's trading which ended in strengthening/rising, the strengthening of the Euro currency compared to the US Dollar currency is due to several factors. One of the factors that encouraged the Euro to strengthen, was the weakening of the US Dollar currency. In addition, there is a positive sentiment that arises among market participants about the release of German Unemployment Change data. Today, the movement of EURUSD in the Asian session is still in a limited range. For the psychological level of the EURUSD movement, if the level of 1.17150 can be easily broken, then there is a high chance that the weakening of the Euro against the US Dollar will continue. On the other hand, for the forex market in this Asian session, it has not really illustrated much of a reaction, the effect of the speech of US President Joe Biden who will give his views on the spending plan in the infrastructure sector. As a consideration that Joe Biden will give his views on the plan mentioned above in 2 parts. That is the American work plan and the American family plan. The American family plan will be released at the end of April. For the US Dollar yesterday, although it had weakened to a limited extent against several other major currencies, as long as American bond yields are still the choice of many investors, it is certain that the strengthening of the US Dollar will continue. In addition, market participants are still paying attention and observing the structural stimulus plan in the US, because every stimulus launch must be closely related to increasing inflationary pressures. Rencana nya Presiden AS Joe Biden akan memberikan pemaparan mengenai rencana peluncuran dana di bidang infrastruktur sebesar US $3 - US $4 Triliun. Di prediksi perincian stimulus tersebut adalah, lebih dari US $ 2 Triliun dalam bentuk investasi selama 8 tahun ke depan. Besaran dana sekitar US $ 650 Miliar akan dipergunakan untuk pembangunan sarana jalan dan jembatan, serta besaran dana US $ 300 Miliar di pergunakan untuk membangun perumahan, selanjutnya untuk besaran dana US $ 400 Miliar akan digunakan untuk ketersediaan sumber energi yang ramah lingkungan lalu besaran dana US $ 400 Miliar digunakan untuk kesejahteraan orang tua. Joe Biden juga menjelaskan bahwa sumber dana untuk melakukan rencana tersebut diatas, berasal dari peningkatan pajak perusahaan yang sudah di naikkan menjadi 28%. Kenaikkan pajak perusahaan ini akan di kenakan dengan kriteria para pengusaha yang menghasilkan sekitar US $ 400.000/tahun.

Forex Daily Analysis Predictions

Today's FOREX prediction on the EURUSD pair is expected to weaken/fall and the recommended OP (Open Position) is SELL at the level of 1.17150. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
This the daily analysis of forex 01 april 2021. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.