Erste News results of trading

During the trading week April from 15 to 19, five significant news were published, of which two were held, which was caused by low market activity and the lack of market response to the published statistics.

• US data US Retail Sales [m/m] did not have an adequate effect on the USD/JPY currency pair and the market as a whole, showing a moderate growth with a subsequent correction. This was largely due to the general overbought of the American dollar earlier.

Fig. 1. USDJPY chart (the chart is taken from the results of the held trades)

• On the contrary, the NZ CPI data for New Zealand, which took place on Wednesday, fully justified itself, showing a significant volatility of 1070 points. And they brought in Erste News users from 800 to 1000 points of profit.

Fig. 2. NZDUSD chart

Hanzenko Anton