Forex Signals Brief for Feb 15: Trump Wins Impeachment
Rowan Crosby • 2 min read
US markets appear that they will be opening the week in the green after closing up on Friday also.
The news over the weekend was that US President Trump was acquitted and his farce impeachment thrown out. We heard some interesting things over the journey, including the prosecution doctoring evidence, such as Tweets, which probably tells you all you need to know about the current state of play.
Interestingly, this week, the U.S. House Financial Services Committee will also start to hear testimony from Robinhood, Citadel, Melvin Capital and Reddit surrounding the big run-up in Gamestop shares that we saw a few weeks ago.
Otherwise, the attention will continue to be on how long this stock market rally can continue, if the Dollar will halt its decline and just how far BTC can run.
The Data Agenda
US data is quite thin this week, highlighted by the FOMC minutes, which I wouldn’t expect to get anything of value out of.
We do get retail sales, industrial production and of course, jobless claims, which are always interesting.
Forex Signal Update
The FX Leaders Team had a light trading week, but we did close three winners from eight trades.
Make sure you follow our live signals as I am still looking for volatility to rise.
EUR/GBP – Active Signal
The EUR/GBP tried hard to break higher yesterday before the sellers piled back in. We remain short here and this trade is looking very nice.
USD – Watching
The Greenavck continues to be a trade of interest for us and it appears that the sellers are also back in business here.
BTC has been all the focus over the weekend and the last few days as price is quickly approaching the $50,000 level.
I have also heard that there are institutional sellers around these levels so that might cause some issues.