Welcome the New US President - Forex News by FX Leaders

Welcome the New US President

Posted Saturday, January 21, 2017 by
Skerdian Meta • 1 min read

Yesterday in the afternoon Donald Trump became officially the 45th president of the US. I don´t know why some market analysts were expecting fireworks. It was just going to be a "routine" change of seat, right?

He didn´t even mention any policies at all, not economic, not political, just a short speech showing gratitude to his supporters.

The Buck ended up lower obviously, since most of the forex market was expecting some sort of clue regarding the fiscal stimulus he promised during the electoral campaign.

But of course, nothing of the sort was going to happen yesterday. At least, most of the forex majors are advancing to some long term support and resistance levels, which will soon offer some good trading opportunities. We´re waiting on the sidelines, but will probably open a long term forex signal in GBP/USD next week.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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