Ahead of Theresa May’s key Brexit speech, there are reports that she will lean heavily towards a “Hard Brexit”, more control on borders and accepting to lose single market access. The pound is clearly the main victim, with a dip under 1.20 on GBP/USD but it is also important to remember the other side of the divorce: the EU. The continent is being left by the UK. Risk aversion is taking over, with the dollar and the yen gaining ground against all the rest. So while EUR/GBP is on the rise, EUR/USD and EUR/JPY are falling. Euro/dollar is trading under 1.06, but maintaining a safe distance from support at 1.0520. Further support awaits at 1.0460 and 1.0350. Resistance is at 1.0680. Last week, EUR/USD dropped to the 1.04 handle on worries that Trump will reinvigorate the Donald Dollar rally. However, we received a Donald Disappointment, with no mention of fiscal stimulus alongside some trade war rhetoric. The dollar fell down and EUR/USD made a 200 pip bounce. These Hard Brexit fears are currently no match for the Dark Donald move, but EUR/USD is on the back foot. And what about the euro side of this equation? We have the ECB later this week and Draghi could drag the euro down. 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 Elliott Wave Analysis: USD Index and USDJPY Gregor Horvat 6 years Ahead of Theresa May's key Brexit speech, there are reports that she will lean heavily towards a "Hard Brexit", more control on borders and accepting to lose single market access. The pound is clearly the main victim, with a dip under 1.20 on GBP/USD but it is also important to remember the other side of the divorce: the EU. The continent is being left by the UK. Risk aversion is taking over, with the dollar and the yen gaining ground against all the rest. So while EUR/GBP is on the rise, EUR/USD and EUR/JPY are falling. Euro/dollar is trading under… 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.
