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idimitrov
Jan 15 2017 at 08:54
421 posts
At the end of the trading week, the dollar remains under pressure, continuing to digest vague news conference of elected US President D. Trump. The absence of new information about the future economic policy of the new administration makes players doubt that this year the conditions for the three Fed rate increases.

deresel
Jan 15 2017 at 09:01
708 posts
idimitrov posted:
At the end of the trading week, the dollar remains under pressure, continuing to digest vague news conference of elected US President D. Trump. The absence of new information about the future economic policy of the new administration makes players doubt that this year the conditions for the three Fed rate increases.


Yeah, so far Trump brings a lot of volatility and pressure for the dollar.

idimitrov
Jan 15 2017 at 09:11
421 posts
deresel posted:

Yeah, so far Trump brings a lot of volatility and pressure for the dollar.


It's possible, that Trump's administration will aim to weaker dollar, in favour to US exporters.

deresel
Jan 15 2017 at 10:05
708 posts
Key levels to watch for:
Support: 1.0550; 1.0370;
Resistance: 1.0815; 1.0980.

kieran (snapdragon1970)
Jan 15 2017 at 19:23
1945 posts
idimitrov posted:
deresel posted:

Yeah, so far Trump brings a lot of volatility and pressure for the dollar.


It's possible, that Trump's administration will aim to weaker dollar, in favour to US exporters.

That seems to be the case from what I read too.

"They mistook leverage with genius".
stian
Jan 15 2017 at 19:59
325 posts
snapdragon1970 posted:
idimitrov posted:
deresel posted:

Yeah, so far Trump brings a lot of volatility and pressure for the dollar.


It's possible, that Trump's administration will aim to weaker dollar, in favour to US exporters.

That seems to be the case from what I read too.

He'll first have to fix the trade balance. A weaker dollar would be net negative for both importers and industry in general. The US import raw materials like steel, aluminium and most rare earth materials. His trade war with China might lead to a a material deficit in rare earth materials as well.

In any event, such a policy will come in 2018 or 2019.

And if he ever makes the Fed agree to a crazy weaker dollar policy, OPEC will be pissed as well, risk a return to the 1970s? Don't think so. But with Trump, nothing can be entirely ruled out.

Hugo ONeill (honeill)
Jan 16 2017 at 08:39
1141 posts
On the last Friday’s session the EURUSD rose with a narrow range and closed in the middle of the daily range, in addition managed the currency pair managed to close within Thursday’s range, which suggests being clearly neutral neither side is showing control.

The currency pair is trading above the 10 and 50-day moving averages should act as a dynamic supports but remains trading below the 200-day moving average that also should act as dynamic resistance.

The key levels to watch are: a daily resistance at 1.0819, a key level at 1.0666 (resistance), a daily resistance at 1.0622, the 50-day moving average at 1.0560 (support), the 10-day moving average at 1.0554 (support) and a daily support at 1.0462

"I trade to make money not to be right."
Hugo ONeill (honeill)
Jan 16 2017 at 08:39
1141 posts
stian posted:
snapdragon1970 posted:
idimitrov posted:
deresel posted:

Yeah, so far Trump brings a lot of volatility and pressure for the dollar.


It's possible, that Trump's administration will aim to weaker dollar, in favour to US exporters.

That seems to be the case from what I read too.

He'll first have to fix the trade balance. A weaker dollar would be net negative for both importers and industry in general. The US import raw materials like steel, aluminium and most rare earth materials. His trade war with China might lead to a a material deficit in rare earth materials as well.

In any event, such a policy will come in 2018 or 2019.

And if he ever makes the Fed agree to a crazy weaker dollar policy, OPEC will be pissed as well, risk a return to the 1970s? Don't think so. But with Trump, nothing can be entirely ruled out.


I fully agree with your assessment.

"I trade to make money not to be right."
rosentray
Jan 16 2017 at 09:17
277 posts
EUR/USD is trading to the downside in today's early European hours as market participants are expecting the speech of Theresa May that may influence the Sterling. Traders are heading to the stronger US dollar in an attempt to preserve their capital in case of unwanted volatility in the UK currency. CMP 1.0584 EUR/USD.

victoriajensen
Jan 16 2017 at 12:22
1117 posts
EUR/USD bounced off 1.0685 last week and started falling. The pair is currently testing the support at 1.0580, if it breaks out below that level it will likely continue falling towards 1.0540.

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