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Most financial market holidays on the occasion of Good Friday

During Friday's trading markets and investors in the currency market Forex will be on a date with quiet transactions during the holidays of most financial markets on the occasion of Good Friday and the reluctance of investors on the market in these holidays. The economic calendar today will only announce building permits and US housing starts. This is in addition to the developments of negotiations to resolve the trade dispute between the United States and China and the future of the Brixet after postponement of its date until the end of October.
To monitor the results of these important data continued economic calendar characteristic of the site of the link: economic calendar
In the following lines we will review together the most important trading opportunities for the sale or purchase of the most important pairs of currencies and gold, which may occur during trading today based on the expected events and economic data:
The most important levels of purchase: EUR / USD buying fr…

Russia is paying money from a sovereign fund of oil companies to lower domestic fuel prices

MOSCOW (Reuters) - Russia expects to pay oil companies about 210 billion rubles ($ 3.3 billion) in funds from its national wealth fund this year as part of an agreement to keep gasoline and diesel prices low, a senior Finance Ministry official said on Friday.
The government and oil companies agreed last year to cut wholesale prices for domestic fuel as a temporary measure to curb gasoline and diesel costs.
Under the agreement, which went into effect on November 1 and continues until June 30, oil companies were allowed only to slowly increase gasoline and diesel costs, which began to rise due to rising world oil prices.
Russia is part of a global deal to cut oil production to boost crude prices, a key source of state revenue, but that has a negative impact at home as gasoline costs rise, a key factor affecting inflation.
Alexei Sazanov, head of the Finance Ministry's tax department, told reporters that in February alone the state paid 20-30 billion rubles to oil companies to keep …

Central Bank: Russia's gold reserves of 69.7 million ounces in the first of April

Russia's gold reserves stood at 69.7 million ounces at the beginning of April, the central bank said on Friday.
The bank said in a statement on its website that the value of holdings of precious metal amounted to 90.01 billion dollars.

The Euro is down to 1.1225 against the Dollar

Basic analysis
The Euro fell to 1.1225, its lowest level this week, as the latest indicator of purchasing managers confirmed that the slowdown in economic growth extended until the second quarter, which supports the ECB's stimulus situation. The German PMI came in below market expectations and remained in the contraction zone at 44.5. EU PMI Markit also remained below analysts' expectations but in the expansion area at 51.3. US data on the single currency pushed for a new bearish move, with retail sales far better than market expectations. The US also issued unemployment claims with a new decline in nearly five decades. Sentiment has turned bearish again, and traders will now look to retest the April low at 1.1185. Furthermore, we expect a very quiet day due to the closure of most major markets on Good Friday.
Technical Analysis
The EUR broke below an important bullish trend and multiple support levels until some support was found at 1.1225. Market sentiment has turned bearis…

No end in sight for the suffering of the euro area

In stark contrast to optimistic US data and a better picture in China as well, the euro zone indicators were disappointing on Thursday, fueling fears of a long-term slowdown or even a recession in the bloc. Initial PMI readings for April showed that the manufacturing sector in the euro zone is still contracting, while service activity has fallen more than expected.
The euro fell after the data and was further pressured by the strength of the dollar, pushing the EUR / USD pair to a 10-day low of 1.1224. With most European markets closed today and Monday to celebrate the Easter holiday and a few upcoming releases next week, the euro is likely to find it difficult to find any supportive factors in the coming days.
The pound was also weak on Thursday even though the UK retail sales figures were very strong and the recent British general data were relatively strong. The British pound was unable to overcome the strength of the dollar amid continued uncertainty over Britain's exit from …

Gold loses about one percent

Gold prices continued to stabilize near four-week lows as the dollar regained its recovery on positive economic figures from retail sales and the US labor market.
Gold lost about 1 percent of its value this week as risk appetite and dollar gains overshadowed investors' sentiment and undermined precious metal gains after weak European data fueled concern about high growth.
Inflation in Japan rose slightly in March but is still far from the Bank of Japan's target levels to abandon soft fiscal policy.
The CPI rose 0.8 percent in March as the Japanese central bank struggled to shore up prices in the aftermath of the US-China trade war, which badly hurt Japan's exports and made the bank's job more difficult.

The Australian and New Zealand dollars are also falling

The Australian and New Zealand dollars were also affected by the dollar's strength. It was difficult to return the Australian dollar to exceed the level of 0.72, which was surpassed briefly after reading the positive GDP in China, as the currency seemed more comfortable near the level of 0.7150. Australian currency traders are now turning to quarterly inflation numbers next week, which could determine whether the Reserve Bank of Australia will cut interest rates in the near future.
The Canadian dollar may have been the exception because its losses were more contained. The Canadian Dollar was supported by better-than-expected retail sales figures, as earlier CPI figures indicated a rise in core inflation measures in Canada. However, the Canadian dollar remained stuck in a tight range and the USD / CAD pair last traded near the 1.3370 level as traders wait for the Bank of Canada meeting next week for further guidance.
In commodities, US Treasuries rose at four-month lows at $ 1270.…