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The euro found (a little) in color in the face of the very relative lull on the front of American customs duties taxable with imported products.
The American president agreed to postpone those hitting Mexico by one month, then those in Canada, after the two countries agreed to strengthen their border controls. This recalls that the American president uses customs duties as a negotiation tool.
Even the brutal 47th President of the United States has recognized itself that the Americans could “suffer”, adding, on its Truth network, that it was the price to pay to know a new “gold” of gold. Brown barriers of all kinds, to prosper better, this is the DNA of Trumpist “philosophy” … Strong hard, to negotiate then then, here is another mantra of the real estate magnate.
In general, the exchange market tries to compose with the unpredictability of Trump, who one day turns into chief customs, another as a poker player, another in a short panty diplomat … Last fad to date: The American president wants the United States to “control” the Gaza Strip, whose population could emigrate to Egypt or Jordan. The goal? Establish peace in the region and … create a “riviera” which would be “magnificent” … Another fine example of “Deadcatting”!
Currency operators will carefully follow at 2:15 p.m. The conclusions of the private-resources private-resources survey ADP on American private employment, “vanguard” of the always awaited publication of the always awaited NFP (non-Farm Payrolls) , the federal monthly report on employment health. Flourishing health which was still cited by J Powell, after the last FOMC, to justify the status quo monetary.
“Even if we are far from the peak [d’inflation] From 2022 to 5.6%, the absence of progress was obviously noticed by the Fed, which justified the change of speech of Jerome Powell in December but also in January, with a change in language elements concerning inflation and The job in the latest Fed press release on Wednesday, “notes Alexandre Baradez (IG France).
At midday on the foreign exchange market, the euro was treated against $ 1,0420 approximately.
Key graphics elements
The continuous 50 -day (in orange) mobile average constitutes a solid technical and graphic barrier. In the shorter term, it is even his counterpart at 20 days (in dark blue) that officiates as a dynamic resistance. And this without the RSI oscillator positioning itself in the occurrence zone. In the immediate future, the pair of currencies traces, in the upper part of the Bollinger bands, a negative structure in harami. Once the parity is perfect, namely $ 1 for a €, an energetic buyer of protest can then be set up.
Medium term
In view of the key graphic factors that we have mentioned, our opinion is negative in the medium term on Euro dollar parity (Eurusd).
Our entry point is 1,0424 USD. The price of course in our lowering scenario is 1,0001 USD. To preserve the committed capital, we advise you to position a protection stop at 1,0541 USD.
The profitability hope of this Forex strategy is 423 pips and the risk of loss is 117 pips.
The News Bulletin 247 Council
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
