1. EUR/USD Analysis:
News Summary:
Capital Economics said European industry can only gradually gain momentum from planned increases in infrastructure and defense spending. Data released on Thursday showed that industrial output in the 20-nation euro zone rebounded in January, increasing by 0.8%. But the near-term outlook remains bleak. Although the German government's plans to increase defense and infrastructure spending will boost manufacturing, it will not turn things around quickly because the increase in spending will be gradual.
Trend Analysis:
We can see EUR/USD fluctuated and fell back and ran near the 48 hours moving average on H4 chart. In addition, the MACD double line and histogram bar converge above the zero axis. The sell limit could be employed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [1.0750]
Key Resistance Levels: [1.0940]
Pivot Points [1.0880]
2. USD/JPY Analysis:
News Summary:
The Bank of Japan is expected to keep its key interest rate unchanged at its March 19 meeting, with more than two-thirds of economists predicting a 25 basis point hike in the third quarter to 0.75%. In addition, Trump's tariff policy will have a negative or slightly negative impact on the Japanese economy. The BOJ remains an outlier in the world in pushing for tighter monetary policy at a time when chaotic U.S. tariff changes have shaken financial markets and rekindled concerns about a global economic slowdown.
Trend Analysis:
We can see USD/JPY rebounds at the H4 level and moves above the 48 hours moving average. On the other hand, the MACD energy bar and double line expand near the zero axis. The buy limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [147.30]
Key Resistance Levels: [150.00]
Pivot Points [147.70]