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
Crypto Today: Bitcoin continues to pull away from highs, ether extends rally

The BTC/USD pair lost nearly $2000 on Wednesday and tested the $16K handle before going into a consolidation phase above that level. According to the latest available data on coinmarketcap.com, the pair was trading at $16680, losing 4.85% on the day. Today's slide in bitcoin prices seems to be the p

01:00 14 December /2017 Forex

We do not expect too deep a USD pullback - Westpac Eren Sengezer

"There are a couple optimistic tweaks here and there but otherwise the Fed delivered a steady policy message. The USD and yields have fallen, markets probably disappointed the Fed did not deliver a more decisive signal," Westpac economist Richard Franulovich wrote in a recent report.Key quot

01:00 14 December /2017 Forex

Yellen's swan song: Few surprises - BBH Eren Sengezer

"The Federal Reserve hiked the Fed funds target by 25 bp for the third time this year, as was widely expected.   Both the Chicago and Minneapolis Fed presidents dissented," pointed out BBH analysts.Key quotes

00:00 14 December /2017 Forex