Trump’s presidency is off to a rocky start, at least with the US dollar. The greenback is selling off across the board. What’s next? Here is their view, courtesy of eFXnews: The first hundred days of the Trump Presidency has started. He is likely to adopt pro-growth and dollar-supportive policies, while he may repeat his resistance to a stable currency. Actions usually speak louder than words, but at the start of the presidency, policy intentions can be expressed loudest of all My short trip to Asia over the past week and a half has confirmed that the euro has no friends, though it also shows that the bullish dollar consensus is easily questioned. I’m still more struck by the fact that we seemed ‘bearish’ on the dollar only a few weeks ago for believing the peak would come in 1H17, by the start of this week, we were questioned for considering that the peak isn’t already behind us. FX market confidence levels are low; trading patterns, whether in GBP/USD or USD/JPY and EUR/USD (let alone anything more exotic), can best be described as ‘jerky.’ But the Trump presidency is about to start, and if his program is pro-growth, it will likely be pro-dollar for now, which would lead to a further 5-10% rise in USD during his first 100 days. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. 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 Opinions share Read Next Choose your trading chart wisely Adinah Brown 6 years Trump's presidency is off to a rocky start, at least with the US dollar. The greenback is selling off across the board. What's next? Here is their view, courtesy of eFXnews: The first hundred days of the Trump Presidency has started. He is likely to adopt pro-growth and dollar-supportive policies, while he may repeat his resistance to a stable currency. Actions usually speak louder than words, but at the start of the presidency, policy intentions can be expressed loudest of all My short trip to Asia over the past week and a half has confirmed that the euro has no… 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.
