EUR/USD yields some early profits as commercial relations between the US improve

• EUR/USD yields some of its initial profits as the US dollar recovers due to an improvement in commercial relations between the US and China.
• Beijing has retired non -tariff measures over 45 American entities.
• The EU is prepared with countermeasures if commercial conversations with the US fail.

EUR/USD Returns half of his intra -profits during Thursday’s European negotiation hours. Even so, the main currency pair is 0.2% higher, quoting just above 1,1200 at the time of writing. The pair faces sales pressure as the US dollar (USD) recovers some of its initial losses due to greater uncalled in the commercial war between the United States (USA) and China.

The US dollar index (DXY), which measures the value of the dollar compared to six main currencies, recovers about 100.85 from the minimum intradication of 100.60.

During the European negotiation session, The US Treasury Secretary, Scott Besent, declared that Washington is entering a “series of negotiations” with China to “prevent climbing” In commercial tensions again. Besent’s comments have increased the confidence of investors in which the two greatest powers in the world are actively focusing on reaching a commercial agreement, a scenario that will boost global economic growth. “Now [EE.UU.] We have a mechanism with Chinese counterparts, “Besent added.

Before the comments of the US Treasury Secretary, Beijing suspended the non -tariff measures imposed against 45 US entities, which he had imposed on April 4 after the imposition of reciprocal tariffs by US President Donald Trump on April 2, Reuters reported. The decision of the Chinese Ministry of Commerce occurred after the agreement between Washington and Beijing for a 90 -day pause in the commercial war, which reduced tariffs by 115%.

Looking ahead, the next important trigger for the US dollar will be the speech of the President of the Federal Reserve (Fed), Jerome Powell, and producer price index (IPP) and retail sales for April during negotiation hours in North America. Investors will pay special attention to Powell’s speech to obtain clues about whether the Central Bank has changed its monetary policy position after the soft data of the consumer price index (CPI) of the US for April and a temporary truce in trade between the US and China.

What moves the market today: EUR/USD maintains significant intradic earnings

• EUR/USD yields some of its intra -income earnings as the US dollar reduces some losses. Meanwhile, the euro (EUR) is listed up among its risk peers despite the fact that the officials of the European Central Bank (ECB) point out that there is room for more interest cuts cuts due to the slowdown of inflationary pressures.
• On Wednesday, the policy head and governor of the Bank of France, François Villeroy de Galhau, declared that the protectionist policies announced by the administration of President Trump will lead to a “restart of inflation in their economy, not in Europe”, a scenario that paves the way for another rate of rates for the summer.
• Looking ahead, the key trigger for the euro is the commercial conversations between the European Union (EU) and the US, which have not progressed in a time. During European negotiation hours, German Finance Minister Lars Klingbeil told Parliament that the continent is prepared with countermeasures if conversations with the US are not successful. However, his comments indicated that EU’s first priority is to ensure an agreement with Washington. “We hope that negotiations will lead to a good result,” Klingbeil said, adding that “we must respond to US tariffs with unity and determination.”
• During the European negotiation hours, the data reviewed of the Gross Domestic Product (GDP) of the Eurozone for the first quarter have shown that the economy grew at a slower rate of 0.3%, compared to the preliminary estimate and the previous publication of 0.4%. In interannual terms, GDP growth remained at 1.2%, as expected. In addition, the change of employment in the January-March period has been higher in 0.3% intertrmetral, compared to preliminary estimates and the previous reading of 0.1%.

Technical Analysis: EUR/USD fights around the 20 -day EMA

EUR/USD It rises above 1,1200 on Thursday. However, the short -term perspective of the PAR is still uncertain since the 20 -day exponential mobile average (EMA) acts as a key barrier around 1,1210.

The relative force index (RSI) of 14 periods is strongly recovered at 50.00 after sliding about 40.00, suggesting indecision among the operators.

Looking up, the maximum of April 28, 1,1425 will be the main resistance for the pair. On the contrary, the psychological level of 1.1000 will be a key support for the euros of the euro.