In an interview with FXStreet, we discussed the upcoming move from the FED, doubts about Trumponomis, the next drop of EUR/USD, levels for EUR/GBP and gold prices. You can read the interview here or below. EUR/USD has gone on a steady downslope for the last week, nearing the 2015 1.0460 lows. Is this downtrend poised to … “Near 100% chance of Fed hike in December, but what’s”
Category: Opinions
EUR/USD: Trumped by the Donald, now depends on Draghi
Euro/dollar fell to the lowest levels of the year on Trump’s victory and seems to have found support. Brexit and Trump have implications on Europe, which awaits elections in various countries. A bigger question remains the ECB, which was sidelined for some time but will determine the next moves. A special focus on the world’s … “EUR/USD: Trumped by the Donald, now depends on Draghi”
Technical levels for majors, minors, and crosses – mid-November
In the two videos below, we provide an update on technical lines of support and resistance to watch out for in mid-November. Trump’s victory certainly shifted the price for some pairs, but other remain remarkably stable. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF after the … “Technical levels for majors, minors, and crosses – mid-November”
CAD: Post-Trump: 3 Drivers; All CAD Bearish – Citi
The Canadian dollar did not react positively to Trump’s Triumph. The team at Citi sees further downside risk: Here is their view, courtesy of eFXnews: We see three main drivers for CAD in the wake of Trump victory: 1) US fiscal policy and tax reform, 2) trade treaty discussions, and 3) rates differentials. All imply … “CAD: Post-Trump: 3 Drivers; All CAD Bearish – Citi”
![Donald drives the dollar higher – explained [Video]](https://investinearth.org/wp-content/uploads/2016/11/Fotolia_120038479_S-351x185.jpg)
Donald drives the dollar higher – explained [Video]
The US dollar was rallying with hopes for a Clinton victory and plunged on initial news that Trump is on his way to the White House. But things changed quite quickly. Why? We explain the moves and wonder if they could continue for a long time. A week after the elections, only some of the … “Donald drives the dollar higher – explained [Video]”
USD/JPY Towards 112 Initial Target; EUR/USD: 1.07 Key Now
Dollar/yen is already topping 109 but there may be more room for rises. However, EUR/USD could be limited. Here is the view from Morgan Stanley: Here is their view, courtesy of eFXnews: USDJPY support from all sides: Crossing through a previous high at 107.49, we foresee an initial target of 112. We have often said … “USD/JPY Towards 112 Initial Target; EUR/USD: 1.07 Key Now”
AUD/USD: Trading the Australian Employment Change
Australian Employment Change, which is released monthly, provides a snapshot of the health of the Australian labor market. A reading which is higher than the market forecast is bullish for the Australian dollar. Here are the details and 5 possible outcomes for AUD/USD. Published on Thursday at 00:30 GMT. Indicator Background Job creation is one … “AUD/USD: Trading the Australian Employment Change”
GBP/USD: Trading the UK Claimant Count Change
The UK Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the unemployment rate, which is released at the same time, it provides a snapshot of the UK employment situation and could affect the direction of GDP/USD. Update: UK jobless claims jump by 9.8K – GBP/USD suffers Here are the details … “GBP/USD: Trading the UK Claimant Count Change”
EUR/USD Post-Trump: 2 Key Reasons To Sell; We Stay Short
EUR/USD did manage to bounce up in perfect range trading, but this could also be a dead-cat bounce. The team at Citi lists two reasons to stay short: Here is their view, courtesy of eFXnews: The Trump victory has 1) led to a change in language at the ECB and 2) raised questions as to whether EUR is … “EUR/USD Post-Trump: 2 Key Reasons To Sell; We Stay Short”
EUR/USD: Trading the German Preliminary GDP
German Preliminary GDP indicator is a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 7:00 … “EUR/USD: Trading the German Preliminary GDP”