The EUR/USD currency pair has remained quiet, continuing to trade in a 1.1350-1.1360 range. This stability is indicative of the fact that recent strong economic data has failed to move the markets much. Investors continue to play it safe and are looking ahead to what European Central Bank President Christine Lagarde will reveal today. Her second press conference – slated for next week – should provide some much-needed direction on where we’re headed with monetary policy.
Even with some important economic indicators being released recently, they were not able to have much of an impact on the respective EUR/USD exchange. This stability is a telling indication that market participants are more concerned with Lagarde’s coming comments than with the data, per se. With the press conference coming up, investors will be keen to catch any clues regarding interest rates and economic outlooks from Lagarde. These revelations have the potential to drastically shape the trajectory of the currency pair.
Along with the currency markets, the cryptocurrency sector has experienced extreme turmoil. Further, CoinGecko’s Q1 Crypto Industry Report shows the worst quarter in the history of the cryptocurrency market. In the first quarter of this year, the overall market cap declined by 18.6%, resulting in an extraordinary loss of $633.5 billion. This decline marks a significant downturn after the market capitalization peaked on January 18, just days before the inauguration of US President Donald Trump.
This recent crypto market decline has alarmed the investor community—especially the retail investor community. According to data from certain providers, approximately 81.4% of retail investor accounts lose money when trading Contracts for Difference (CFDs). These types of statistics really bring to life the dangers of trading in this highly speculative space and the need for investors to be more informed.
Small business investors are sailing in stormy seas. They need to bear in mind that any fiscal write-ups do not always show the main policies or state of any such organizations as FXStreet. FXStreet and the article authors are not registered investment advisers. Importantly, they want to flag that their information shouldn’t be construed as investment advice.