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January, 8 - will USD further push on EUR and GBP?

Do you like it, when things are explained to you? Do you like getting the scope of the situation from the very person who caused it? I am sure that you are, after all. Having more understand can help you get through difficult and unclear situation. And that is just what we might get today from American President himself.

 

Today Donald Trump is going to give a speech. Of course, we do not know the details of it, but what we do know is that it is going to have an influence on our trading and on the performance of major assets. I am guessing USD [obviously]. But, we have to remember that USD is at its most important when tied to EUR and GBP. That is what we have to watch today.

 

eurusd 8.01.2020

 

gbpusd 8.01.2020

 

Both of the couples are not feeling that well with traders trying to invest into something safer and not as volatile as European currencies on the brink of Brexit. That means that the more Trump tries to boost USD, the more hits these couples are going to take. And you can see that they are already pretty weak at this point. Will they fall further? Well, they can certainly do so.

 

If you are trading EUR/USD and GBP/USD, you are going to need trading signals today. There are no doubts about that.

 

 

Lang

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