IronFX Daily Commentary by Charalambos Pissouros | 20/01/2017
January 20, 2017 9:33 amVideo
Latest News
- Analysis of the trading week May 8-12 for the GBP/USD pair. COT Report. The potential fall of the pound – 600 points May 13, 2023
- Analysis of the trading week of May 8-12 for the EUR/USD pair. COT Report. The long-awaited fall of the euro against the May 13, 2023
- Technical analysis of EUR/USD for May 13, 2023 May 12, 2023
- Bitcoin extends losses May 12, 2023
- EUR/USD settles in red zone May 12, 2023
- Ripple accumulates more bearish energy May 12, 2023
- USD/CHF: upside reversal in play May 12, 2023
- EUR/USD: Dovish Fed pivot expectations led to euro’s rout and dollar’s triumph May 12, 2023
- May 12, 2023 : Analyzing Recent Trends and Trading Opportunities in EUR/USD: A Technical Analysis Perspective. May 12, 2023
- May 12, 2023 : EUR/USD Intraday technical analysis and trading plan. May 12, 2023
- May 12, 2023 : GBP/USD Intraday technical analysis and significant key-levels. May 12, 2023
- Gold trading in red, 2022 key resistance May 12, 2023
- EUR/USD: more declines activated May 12, 2023
- Analysis and trading tips for GBP/USD on May 12 (US session) May 12, 2023
- Analysis and trading tips for EUR/USD on May 12 (US session) May 12, 2023
- US retail sales climb to the top of investors’ agenda – Forex News Preview May 12, 2023
- Chinese data on radar amid worries of a faltering economic recovery – Forex News Preview May 12, 2023
- US premarket on May 12: Investors remain optimistic May 12, 2023
- EUR/USD: Dollar gains momentum despite slowing U.S. inflation May 12, 2023
- Technical analysis on Silver for May 12th, 2023. May 12, 2023
Trump’s inauguration: A second wind for the USD rally, or further correction?
• Investors will (once again) be on the lookout for any comments on fiscal and regulatory policies.
• A confirmation he plans to follow through with his pre-election rhetoric and push massive spending through Congress, could reignite the USD rally.
• But if he avoids commenting on these hot issues again, the latest setback in USD could continue.
• We think it’s more likely that he mentions something than not. But the tone he delivers such comments in may be vital for the dollar’s performance.
ECB remains ultra-dovish despite higher headline CPI
• ECB remained on hold as expected. The overall tone from Pres. Draghi was very dovish.
• He downplayed the surge in the headline CPI as being transitory and said the Bank will look through such improvements if judged to be temporary.
• His dovish stance led to a tumble in EUR/USD, though the pair rebounded later in the session.
• The pair’s forthcoming direction over the next days is likely to be decided by Trump’s comments.
As for the rest of today’s highlights:
• UK: Retail sales for Dec. are exp. to decline. GBP-negative.
• Canada: CPI for Dec. is exp. to accelerate. CAD-positive.
• Speakers: Besides incoming President Trump, Philly Fed President Patrick Harker.
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