TRUMP SAYS 20 PERCENT TAX ON IMPORTS FROM MEXICO IS “CERTAINLY AN OPTION” -CHRISTIAN BROADCASTING NETWORK INTERVIEW
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TRUMP SAYS A FEW OF THE COST OF A TAX ON MEXICAN IMPORTS “MAY GET PASSED ALONG BUT IT ALSO DEVELOPS JOBSâEUR The product has been provided by InstaForex Business – www.instaforex.com
TRUMP SAYS WHILE A BORDER TAX IS AN OPTION “SOMETHING ELSE COULD HAPPEN WHICH WOULD BE MUCH MORE POSITIVE” FOR MEXICO, U.S.
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FITCH ON SPAIN-FORECASTS SMALL AMOUNTS IN GDP GROWTH TO 2.5% IN 2017, 1.9% IN 2018 AS SPARE CAPACITY IN ECONOMY TAKEN IN, BREXIT HAS SOME DAMPENING EFFECT
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FITCH ON TURKEY – DEBT TO GDP IS ESTIMATED AT 27.8% AT END-2016 AND FITCH EXPECTS IT TO BE BROADLY FLAT OVER OUR FORECAST PERIOD TO END-2018
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FITCH ON DENMARK – STEADY OUTLOOKS SHOW NATION’S WEALTHY,HIGH-VALUE ADDED, DIVERSIFIED ECONOMY, STRONG ORGANIZATIONS, LOW PUBLIC DEBT, SOLID EXTERNAL FINANCES
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FITCH ON TURKEY – “ONGOING SECURITY CONCERNS MEAN THAT TOURISM REVENUES WILL BE WELL DOWN ON 2013-2015 LEVELS OVER FORECAST PERIOD”
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Cost has lastly bounced above our assistance and reached our revenue target perfectly. We remain bullish above 1.0385 support(Fibonacci retracement, swing low assistance) for a rise to 1.0438 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is bouncing above our 31% support level.Stochastic (21,5,3)is
bouncing above our 6%support level.Buy above 1.0385.
Stop loss at 1.0438. Take revenue at 1.0352. The material has been supplied by InstaForex Business – www.instaforex.com
We stay bearish listed below significant resistance at 0.7580(Fibonacci retracement, Fibonacci projection, horizontal overlap resistance)with rate just recently breaking a long term support-turned-resistance line. We anticipate a strong ongoing drop from this level to at least 0.7447 assistance (Fibonacci retracement, swing low support).
Stochastic (21,5,3) remains at 92% resistance and sees bearish divergence vs price signalling a reversal which is approaching.Sell listed below 0.7580.
Stop loss at 0.7644. Take earnings at 0.7447. The material has actually been offered by InstaForex Business – www.instaforex.com
Overview
The GBP/USD pair shows more negative pressure to approach from testing the key support 1.2505, while stochastic shows clear oversold signals to form bullish momentum that we are waiting for to enable the price to rise again. In general, we will still suggest the bullish trend for today unless 1.2505 level is broken and the price holds below it. Let me reming you that our first main target is located at 1.2720. Besides, we should note that breaking 1.2505 level will push the price to visit 12.339 areas before any new attempt to rise. The expected trading range for today is between 1.2505 support and 1.2720 resistance.
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