TRUMP will be talking Today

TRUMP will be talking Today

TRUMP will be talking Today

USDJPY – Let's follow up from yesterday. The up move seems to be continuing and we could see the USDJPY reaching out towards the targets as noted of 116.50 – 116.95 as a move to continue the up moves it did in the latter part of 2016.

EURUSD – The EURUSD may see some volatility as Trump takes the microphone today and Yellen will talk at midnight on Thursday and the EU central bank has announcements today. What an opportunity to trade. What do we think? EURUSD may raise its head a little bit up but the down trend is still ongoing and as the market may push price higher, I personally think, based on my technical analysis, it will be ripe to sell again to push the price all the way down to 1.0500 – 1.0480 and even further down to 1.0440/15 levels.

 

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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

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