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🌎📊Will Fed Snap U.S. Dollar’s Recovery?

After selling off throughout the month of April, the greenback finally rebounded on the eve of the Federal Reserve’s monetary policy announcement. The U.S. economy is running hot ahead of the rate decision, but no changes are expected from the central bank, which explains why the U.S. dollar pulled back this month despite good data. The question for tomorrow is whether the Fed will stick to script and say that it is still waiting for “substantial further progress” in the economy or finally acknowledge that its goals could be met sooner than anticipated.

The strength of the U.S. recovery is undeniable, with jobless claims at pandemic lows, consumer confidence at 14-month highs, house prices soaring, and retail sales rising at their strongest pace since May of last year. April can be a very strong month for job growth, with more hiring to follow as the travel industry prepares for a strong recovery.

For now, vaccination rates in Europe are slow and some countries in Asia are reintroducing restrictions instead of rolling them back like the U.S. This means that in the near term, even after an FOMC pullback, the U.S. dollar should outperform. The first-quarter GDP on Thursday will highlight the robustness of the U.S. recovery.

Also, the U.S. dollar traded sharply higher versus the Japanese Yen, Australian, and New Zealand dollars, but saw little to no gains against the euro, sterling, the Swiss Franc, and the Canadian dollar. Currently, the situation in Europe is grim, but every day, more people are getting vaccinated.

The Australian and Canadian dollars will also be in focus, with Australian CPI and CAD retail sales scheduled for release. Both countries are expected to report strong data. Canadian retail sales should rebound sharply along with Australian price pressures.

🤩For more information, see our app, "Market Analysis" section.

Hello, our newcomer trader! This post is especially for you😉

We've tried to put together a few basic tips that every beginner should adhere to. Let's see, if you're doing everything right:
⠀
💸Start with a small deposit, don't waste your money.

⚖️ Thoroughly test (and more than once) your trading strategy again on a demo account and, if you are still not completely sure, seek advice from experienced traders or from our managers.

😎 Always be consistent in your actions. Never rush!

❌ Do not go into debt, do not take loans for trading.

⛱ Do not trade if you are in a bad mood. You better get some rest!

Remember that successful traders know that stable profits come only to those who adhere to a long-term perspective, and are always guided by their own heads, not emotions!

📺Check out the latest video tutorials from our top analysts in the "Video Tutorials" section. All the basic concepts and fundamental analytics for our traders - in one place. All videos are structured by folders, so it won't be too difficult to find any moment you are interested in.

In addition, we are constantly improving and replenishing our database of training videos, tracking all the most popular questions that you send us.

Everyone can come up with their own unique ideas and questions➡️https://bit.ly/32SLscx

Get better with MangoTrade and get the most out of your trading experience🎓

What are your favorite assets this month?🤔

In April, the most traded instruments were FTSE, DAX30, BMW, Deutsche Bank, and EURUSD!

And do not forget that with MT you can trade not only these 5 assets. We offer all the world's leading stocks and indices - for every taste of our dear traders.

Pick one and trade!

📈What you need to know when investing in Tesla (TSLA)

Tesla Inc. (TSLA) has grown rapidly into one of the world's largest all-electric vehicle companies through the sale of cars and pickup trucks in the U.S., China, and other countries throughout the world. The automotive segment accounts for the vast majority of revenue at the Palo Alto-headquartered company, and the U.S. accounts for just under half of sales. Tesla faces growing competition from other major automakers who are developing and marketing electric vehicles, including General Motors Co. (GM), China-based Nio Inc. (NIO), as well as German-based automakers Volkswagen AG (VOW3) and Daimler AG (DAI).

The company posted its first annual profits in 2020.
Tesla invested recently invested $1.5 billion in bitcoin and expects to accept bitcoin as a form of payment in the near future.

The company was also added to the S&P 500 in December 2020 after Tesla posted a net income of $862 million in FY 2020, up from a net loss of $775 million in the previous year. Revenue for the year was $31.5 billion, up 28.3% from FY 2019. Just under half, or 48%, of that revenue, was generated in the U.S., while China accounted for 21% of total revenue. Other countries across the globe accounted for the remaining 31%. Each of the regional categories experienced growth in FY 2020, but revenue from China grew the fastest, at a rate of 123.6% compared to the previous year.

As part of our efforts to raise awareness about this company, we invite investors to take a close look at Tesla as a very promising stock. Also, leave in the comments if you were interested in this topic and you want to know more about Tesla details👇

What?🤔

📰 Dear Traders welcome to a new week! Here are the high volatility expected / main weekly events to watch out for:

Tuesday
▪️USD: CB Consumer Confidence (Mar)

Wednesday
▪️ CNY: Manufacturing PMI (Mar)
▪️ GBP: GDP (QoQ) (Q4)
▪️ GBP: GDP (YoY) (Q4)
▪️ EUR: German Unemployment Change (Mar)
▪️ EUR: CPI (YoY) (Mar)
▪️ USD: ADP Nonfarm Employment Change (Mar)
▪️ CAD: GDP (MoM) (Jan)
▪️ USD: Pending Home Sales (MoM) (Feb)
▪️ USD: Crude Oil Inventories
▪️ JPY: Tankan Large Manufacturers Index (Q1)
▪️ JPY: Tankan Large Non-Manufacturers Index (Q1)

Thursday
▪️AUD: Retail Sales (MoM) (Feb)
▪️CNY: Caixin Manufacturing PMI (Mar)
▪️EUR: German Manufacturing PMI (Mar)
▪️GBP: Manufacturing PMI (Mar)
▪️USD: Initial Jobless Claims
▪️USD: ISM Manufacturing PMI (Mar)

Friday:
▪️USD: Nonfarm Payrolls (Mar)
▪️USD: Unemployment Rate (Mar)

We wish you a successful week❗

🌎Let's take care of our Earth together!

We live in unprecedented times, and now more than ever we need to take care of ourselves and each other, as well as look from within how we can do our part to prevent the loss of nature and protect our planet.
In our daily lives, we can take for granted the many services nature provides: the beauty that inspires us and the resources that nourish us.

A return to our curiosity and appreciation for nature can revitalize our environmental goals and movement in general. This is why, for Earth Hour 2021, MangoTrade has set ourselves the goal of creating a moment for our traders, to calm our busy minds, show gratitude to our planet and the many services it provides, and reflect on our quest to save the planet.

We invite you to tell us in the comments how you are helping our planet to stay beautiful and healthy? What environmental habits can you recommend to other traders?🍃

🌎📊EUR/USD Slips To New Lows On Good U.S. Data

Stronger than expected economic reports drove the U.S. dollar higher against all of the major currencies. There’s no question that of the G3 currencies (USD, EUR, and JPY), the U.S. is leading the recovery, and data is beginning to show the benefits of a smooth coronavirus vaccine rollout. Seventy percent of Americans 65 or older have received at least one COVID-19 vaccine dose, with more than a third of the overall adult population receiving their first jab. Businesses are reopening and economic activity is accelerating. As a result, jobless claims fell to 684,000, its lowest level in more than a year. Fourth-quarter GDP growth was also revised up to 4.3% from 4.1%. The U.S. economy is still a long way from normal, but the numbers show that it is moving in the right direction. With more Americans getting vaccinated every day, further improvements are likely.

Fewer restrictions and more vaccinations stand in stark contrast with Europe, where fresh lockdown measures were announced this month for Germany, France, and Italy. Compared to the U.S., only 9% of the German population have received their first shot. We have been bearish euros all month, and that will remain true regardless of tomorrow’s IFO report. German business confidence may be bolstered by the stronger PMIs, but confidence in the region will be restrained until the government gets better control of the latest wave. ECB member Luis De Guindos sees Eurozone GDP contracting in the first half of the year. EUR/USD dropped below 1.18 for the first time since November and it may not find support until the 50-week SMA at 1.17.

Sterling, on the other hand, snapped a five-day decline to end the day higher against the U.S. dollar. The UK is in a very difficult position with COVID-19. Like the U.S., its vaccine rollout program has been quick and aggressive. More than 50% of its adult population received their first shot, and this will pay dividends for the economy. Retail sales are due for release on Friday, and we are looking for a solid increase after last month’s sharp decline.

🤩 Thank you for your attention!

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📰 Dear Traders welcome to a new week! Here are the high volatility expected / main weekly events to watch out for:

Monday
▪️ CNY: PBoC Loan Prime Rate
▪️ USD: Existing Home Sales (Feb)

Tuesday
▪️GBP: Average Earnings Index +Bonus (Jan)
▪️GBP: Claimant Count Change (Feb)
▪️BRL: BCB Copom Meeting Minutes
▪️USD: New Home Sales (Feb)

Wednesday
▪️ GBP: CPI (YoY) (Feb)
▪️ EUR: German Manufacturing PMI (Mar)
▪️ GBP: Composite PMI (Mar)
▪️ GBP: Manufacturing PMI (Mar)
▪️ GBP: Services PMI (Mar)
▪️ USD: Core Durable Goods Orders (MoM) (Feb)
▪️ USD: Fed Chair Powell Testifies
▪️ USD: Crude Oil Inventories

Thursday
▪️CHF: SNB Interest Rate Decision
▪️CHF: SNB Monetary Policy Assessment
▪️GBP: BoE Gov Bailey Speaks
▪️EUR: ECB President Lagarde Speaks
▪️USD: GDP (QoQ) (Q4)
▪️USD: Initial Jobless Claims

Friday:
▪️GBP: Retail Sales (MoM) (Feb)
▪️EUR: German Ifo Business Climate Index (Mar)
▪️USD: US Federal Budget

We wish you a successful week❗

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As with most other activities, success depends a lot on practice. And if you haven't used any of the indicators yet, be sure to practice using them on a demo account☝️

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