Forex

EUR/USD takes off on Trump's presser, breaks 1.0500 Ross J Burland

18:46 11 January /2017 Forex

Currently, EUR/USD is trading at 1.0499, down -0.59% on the day, having posted a daily high at 1.0568 and low at 1.0454.The greenback is starting to come off and losing ground across the board as Trump introduces the headway that he is making leading into his inauguration just 9 days away.Trump at a press conference started to announce a few number of business deals taking place in the United States, explaining there is a great spirit, and Trump will be the biggest jobs creator that god ever created.Trump opened talking about how the auto industry will be expanding with Fiat, Ford and Chrysler who will be building new plants in the US while Ford are cancelling their contract to build a billion dollar plant in Mexico and instead build business onshore. Trump is now taking questions in respect to Russian ties/ potential hacks and fake news.EUR/USD levelsWith spot trading at 1.0497, we can see next resistance ahead at 1.0499 (Weekly Classic PP), 1.0503 (Daily Classic S2), 1.0519 (Hourly 200 SMA), 1.0521 (Daily 20 SMA) and 1.0532 (Hourly 20 EMA). Support below can be found at 1.0486 (Weekly Low), 1.0456 (Daily Classic S3), 1.0454 (Daily Low), 1.0403 (YTD Low) and 1.0390 (Monthly Low). 

to other news

all news
Wall Street stocks down as US bond yields hit new highs Flavio Tosti

The three main US indices closed lower on the last day of the week. The S&P 500, the Dow Jones and the Nasdaq all closed below their 50-period simple moving average. The S&P 500 Index dropped 0.90% to 2,670 while the Dow Jones Industrial Average DJIA lost 0.80% to 24,463 and the Nasdaq Compo

00:23 21 April /2018 Forex

USD/JPY fails to break above 107.90 amid drop in US stocks Flavio Tosti

The USD/JPY is trading at around 107.55 up 0.18% as bulls made an attempt to break above April 13 high in the late European session. The yen is stronger across the board on Friday. It is higher against the euro, the British pound, the Canadian dollar, the Australian dollar, the New Zealand dollar an

20:46 20 April /2018 Forex