Republicans are likely to settle for repealing Obamacare but without any replacement. The imminent failure of Trumpcare comes on fertile ground: from another political issue related to Trump Junior, through weak US data and the more-cautious central bank. The move that began in the Asian session is extended in the European session. Here are some updates. And how far will it go? Politics will likely dominate. EUR/USD: The pair had trouble to break higher but now it is trading at the highest level in 14 months, reaching a high of 1.1560. The next resistance is 1.1620. USD/JPY is down to 112.20. Dollar/yen is falling since it lost the all-important uptrend support line. GBP/USD was hit by weak UK inflation data but bounces back on the USD weakness. AUD/USD got its own boost from the hawkish meeting minutes by the RBA and extends its gains to 0.7940, 100 pips over the double-top. USD/CAD is extending its falls towards 1.26, ending its consolidation after the big BOC-triggered falls last week. Will it continue? We do not have critical US indicators today, leaving room for further political ramifications. More news about the health care bill, tweets from Trump about it and perhaps surprising new revelations about the Russia affair could impact the US dollar. Tomorrow we get US housing data and on Thursday we have jobless claims and the Philly Fed Manufacturing Index. The Fed convenes next week and is now in a “quiet period”. More: Buy GBP/JPY – Citi trade of the week 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 Why Controlling Your Actions, Not Emotions, Makes You a Natascha Sing 6 years Republicans are likely to settle for repealing Obamacare but without any replacement. The imminent failure of Trumpcare comes on fertile ground: from another political issue related to Trump Junior, through weak US data and the more-cautious central bank. The move that began in the Asian session is extended in the European session. Here are some updates. And how far will it go? Politics will likely dominate. EUR/USD: The pair had trouble to break higher but now it is trading at the highest level in 14 months, reaching a high of 1.1560. The next resistance is 1.1620. USD/JPY is down to… 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.
