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EUR/USD Falls as Markets Come to Terms with Trump’s Victory

EUR/USD declined for the second day today as markets came to terms with the fact that Republic nominee Donald Trump won the presidential race. While his victory was considered a negative factor for the dollar earlier, now analysts speculate that his policies look inflationary and are going to encourage the Federal Reserve to continue raising interest rates.

Initial jobless claims fell from 265k to 254k last week while experts had predicted a small increase to 267k. (Event A on the chart.)

Treasury budget deficit rose a bit from $33.4 billion in September to $44.2 billion in October but was nowhere close to the forecast level of $81.9 billion. (Event B on the chart.)

EUR/USD as of 2016-11-10

If you have any comments on the recent EUR/USD action, please reply using the form below.

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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