Global macro overview for 26/09/2016
September 26, 2016 10:56 amVideo
Latest News
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- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
Global macro overview for 26/09/2016:
Today the first presidential debate will be held in the United States (there are three altogether). Markets should wait for this debate and start to react on Tuesday because it will begin at 01:00 am GMT time.
Regarding Donald Trump, viewers will expect all the worst possible, and all the best possible is currently attributed to Hilary Clinton. Just because of that, if Trump doesn’t make any big mistakes, he will win the debate in the eyes of the Americans. According to analysts, the prospect of Trump’s presidency should scare the markets, but I do not have such confidence because there are different opinions on this subject in the US.
Let’s now take a look at the EUR/USD technical picture on the 4H time frame. The market is still trading below the important resistance at the level of 1.1254, still inside of the weekly range. None of the key zones has been violated yet (1.1100 – 1.1120 is the support zone, 1.1254 – 1.1284 is the resistance zone), so the slow and steady sideways market is still expected here.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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