{"id":129970,"date":"2018-07-13T06:45:29","date_gmt":"2018-07-13T10:45:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129970"},"modified":"2018-07-13T06:27:27","modified_gmt":"2018-07-13T10:27:27","slug":"eurusd-the-market-anxiously-awaits-new-aggressive-statements-by-donald-trump","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/eurusd-the-market-anxiously-awaits-new-aggressive-statements-by-donald-trump\/","title":{"rendered":"EURUSD: the market anxiously awaits new aggressive statements by Donald Trump"},"content":{"rendered":"<div id=\"inves-2567581095\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 13, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Gabriel Ojimadu, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong>Previous<\/strong><\/p>\n<p>On Thursday the 12<sup>th<\/sup>\u00a0of July, trading on the euro closed up by 2 pips. The candlestick was closed to form a doji due to price fluctuations. Sharp movements were observed during the US session following the release of US inflation data. Market players were cleaned out as the euro soared to 1.1696. Before the release of the US data, the ECB published the minutes of its latest meeting, which put pressure on the euro. As a result, we first observed a drop to 1.1650, and then a rise to 1.1690, followed by a return to 1.1666.<\/p>\n<p><strong>Day&#8217;s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>14:00 UK: BoE MPC member Cunliffe speaks.<\/li>\n<li>15:30 US: import price index (MoM) (Jun).<\/li>\n<li>17:00 US: Michigan consumer sentiment (Jun).<\/li>\n<li>19:30 US: FOMC member Bostic speaks.<\/li>\n<li>20:00 US: Baker Hughes oil rig count.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/434_5b48572011b34.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart. Source: TradingView<\/p>\n<p><strong>Current situation:<\/strong><\/p>\n<p>We reached our forecasted target yesterday. It was very difficult in the morning to predict what would happen after the release of US inflation data. The fall from 1.1758 amounted to 90 degrees. The pair found support at 1.1650. If you look at the technical picture, I see a rebound to 1.1700 from the current level. At the moment, I am concerned about an escalation of the trade conflict between the US and China.<\/p><div id=\"inves-3621902936\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>China has published data on its trade balance for June. The surplus amounted to 41.6bn USD against the forecasted 27.72bn USD (previous: 24.92bn USD). Meanwhile, the US deficit increased. Thus, in the near future we can expect new aggressive statements by Donald Trump and the further escalation of the trade conflict between the two countries.<\/p>\n<p>The dollar is trading in positive territory against all currencies. If the pressure on the euro increases, then the earliest we could expect to see a rebound is 1.1625.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: the market anxiously awaits new aggressive statements by Donald Trump\u00a0<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous On Thursday the 12th\u00a0of July, trading on the euro closed up by 2 pips. The candlestick was closed to form a doji due to price fluctuations. Sharp movements were observed during the US session following the release of US inflation data. Market players were cleaned out as the euro soared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-129970","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=129970"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129970\/revisions"}],"predecessor-version":[{"id":129971,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129970\/revisions\/129971"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=129970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=129970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=129970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}