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16.04.202607:17 Forex Analysis & Reviews: What to Pay Attention to on April 16? Analysis of Fundamental Events for Beginners

Relevancia 00:00 2026-04-17 UTC--4

Analysis of Macroeconomic Reports:

Exchange Rates 16.04.2026 analysis

There are a few macroeconomic reports scheduled for Thursday. The most interesting will be released in the UK. However, the GDP report will cover one month (February) rather than a quarter, and the market tends to show restrained interest in such reports. Industrial production is an interesting indicator, but nothing more than that. In the U.S., a report on industrial production will also be published, along with initial jobless claims. We consider both of these reports to be secondary. Thus, the macroeconomic backdrop will have minimal impact on market movements today.

Analysis of Fundamental Events:

Exchange Rates 16.04.2026 analysis

Among the fundamental events on Thursday, the speeches of several representatives from the European Central Bank and the Federal Reserve can be highlighted, although no significant statements are expected. Christine Lagarde and Andrew Bailey have already spoken in the past two days, and no important information has been provided. Both central banks are ready to begin tightening monetary policy as early as April, but one cannot be 100% confident in this, as Donald Trump has decided to end the war in Iran. Consequently, the oil and gas markets may begin to stabilize soon. If oil and gas prices fall, inflation will stop accelerating, and monetary tightening may not be necessary. Regarding the Fed, Jerome Powell and his team have not planned any monetary policy tightening in 2026. At best, the key rate will remain unchanged throughout the year.

General Conclusions:

During the fourth trading day of the week, both currency pairs may continue their upward movement within the current trend, but traders should rely on technical levels and factors. The euro can be traded today in the range of 1.1830-1.1837, while the British pound can be traded in the range of 1.3529-1.3543. We still see no grounds for a sustained and firm strengthening of the U.S. currency (considering all factors, not just geopolitics), so we expect the resumption of the upward trend from 2025 to continue, reaching four-year highs for both the euro and the pound.

Key Principles of the Trading System:

  1. The strength of the signal is determined by the time it took to form the signal (bounce or level breakthrough). The shorter the time, the stronger the signal.
  2. If two or more trades were opened around any level based on false signals, all subsequent signals from that level should be ignored.
  3. In a range, any pair can generate a lot of false signals or may not generate them at all. Technical levels may be ignored.
  4. On the hourly timeframe, it is advisable to trade MACD signals only when volatility is good, and the trend is confirmed by a trendline or trend channel.
  5. If two levels are located too close together (5-20 pips apart), they should be considered a support or resistance area.
  6. After moving 15 pips in the correct direction, a Stop Loss should be set to breakeven.

What to Look for on the Charts:

Price levels of support and resistance are levels that serve as targets when opening buys or sells. Take Profit levels can be placed around them.

Red lines represent channels or trend lines that show the current trend and indicate the direction in which it is preferable to trade now.

The MACD indicator (14,22,3) – the histogram and the signal line – is a supporting indicator that can also be used as a source of signals.

Important speeches and reports (always included in the news calendar) can significantly affect the movement of the currency pair. Therefore, during their release, trading should be done with utmost caution, or traders should exit the market to avoid sharp price reversals against the previous movement.

Beginning traders in the forex market should remember that not every trade can be profitable. Developing a clear strategy and effective money management are the keys to long-term trading success.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Paolo Greco,
Analytical expert of InstaSpot
© 2007-2026
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