The US dollar remains under pressure. The greenback was partially hit by the FOMC minutes and then got a big blow from the Donald. While foreign exchange trading is never a one-way street, the trend that emerges is a sell-off in the USD. Without fresh talk about fiscal stimulus nor tax cuts from the incoming administration, the US dollar runs out of hot air. The euro, which enjoys a current account surplus, is taking advantage of this retreat and bounces back higher, trading at the 1.06 handle. Will euro/dollar break above 1.07? Not so fast. The euro also has troubles of its own. The worsening relations with the US following German bashing by Trump could weigh. Moreover, the main dish of the day comes from the UK. UK PM Theresa May is set to outline her Brexit strategy and will likely be hard. The British exit from the EU hurts the pound, but it takes two to tango and two to divorce: the breakup has implications in the UK as well. And of course, Mario Draghi meets the press on Thursday, and he has a tendency to weigh on the single currency. More: EUR/USD: Trump Vs Draghi; Where To Target? – BofA Merrill Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next XAUUSD, USDJPY and USDCHF TA – January 17 2017 John Benjamin 6 years The US dollar remains under pressure. The greenback was partially hit by the FOMC minutes and then got a big blow from the Donald. While foreign exchange trading is never a one-way street, the trend that emerges is a sell-off in the USD. Without fresh talk about fiscal stimulus nor tax cuts from the incoming administration, the US dollar runs out of hot air. The euro, which enjoys a current account surplus, is taking advantage of this retreat and bounces back higher, trading at the 1.06 handle. Will euro/dollar break above 1.07? Not so fast. The euro also has troubles… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.