Silver is in a quite interesting situation. Broken horizontal level of 18.378 has crossed the 3rd point of the descending channel. On top of that it is a great time to trade NZD and EUR.
Dollar tumbled before the FED on Trump rhetoric, Oil plunges on API report.
Bank of Japan leaves key rates unchanged, Trump fires acting AG on disobedience.
Dollar is in a selloff ahead the FED, Yen surges as BoJ announce its policy stance.
Today we have an overview of three major currencies USD/JPY, EUR/GBP and EUR/USD.
Important events that will change the market in the next week.
Trump wants to levy imports from Mexico to finance the “border wall” projects, making the Peso plunge to the lowest levels.
Investors are desperately trying to predict his next move to price in the markets. Breaking up the trade ties and threatening with high import taxes Trump hopes to gain submission of several trade partners like Canada and Mexico
Dollar renews bottoms on the rising political risks. The Pound surges thanks to the US seeing Brits, as a new main trading partner.
We should buy the Australian index AUS200 in the next few days, as well as Kiwi being ripe for sales.
The US currency floats near the buffer area before Trumps updates. In the meantime, Oil turns downside on the gloomy API report.
Dollar bears retreat on profit taking, as the currency index has dipped below 100 level with the support of Asian traders on Tuesday.
Caution reigns over the markets, as Trump is about to start ruling the country, European shares plunge.
The Dollar is leading again with the USD/JPY going through a bullish engulfing at the 50% Fibonacci level.
See how the market changes and shifts with these economic events. Don’t miss out!