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EURO-USD

#EURUSD to appreciate in the next years#EURUSD to appreciate in the next years Since 1995, EURUSD has been in a ABCDE Elliott Wave formation. In my opinion, it is in the beginning phase of wave D, which is an impulsive wave. Based on, trend-based fib time calculation, EURUSD can appreciate until 2024. It is a quite long time and trend-based fib time calculation is quite speculative but I at least think EURUSD is (and will be) in an uptrend. 1.25-1.40 range is a strong resistance range. EMA(8) and SMMA(12) golden cross can be in this range and if it passes above, the bullish tendency will be stronger up to 1.90 level. Ps: Heikin Ashi is used to see smooth price levels.
Long
by The_Quantastic
The Democrats seems to be losing the gripTrump tax reform Predicting the failure of the Trump tax reform because of its scale and unclear double-side backwash, skeptics apparently understated the president's negotiation skills. Despite initial skepticism, the number of supporters of the tax cuts is growing rapidly among Republicans. On Monday, it was clear that the level of approval allows for rolling out of a budget scheme as early as in October, opening the way for reform through Congress without Democrats’ support. If the budget estimate is not adopted, the bill can be approved only if there are at least 60 votes in the Senate, where the Republicans hold 52-48 majority. Fiscal stimulus, which costs are estimated at 6 trillion dollars in 5 years, is aimed at boosting consumption and investment activity. According to Keynesian ideas, in conditions of excess monetary supply (and hence, low sensitivity of investments to interest rates), fiscal stimulus of the economy works most efficiently. If tax cuts sufficiently "cover" the poor layers of the population, whose propensity to consume is higher, then we can speak about a very noticeable stimulating effect on consumer demand. Speaking about investments, the higher the rationality of the agent's expectations, the lower the effectiveness of state intervention in the economy. Firms and the financial market are agents with fairly rational expectations, so the effect of fiscal shock on the investment component is very controversial. The relationship at which the markets are now trying to speculate on is the accelerated pace of rate normalization in case of successful tax reform. Progress in this direction means a bullish signal for the dollar in the medium term. Positive feedback from the Republicans on Monday caused a sharp collapse of gold to $1,290. As a non-interest asset, the cost of its possession is expressed in the cost of borrowing of the US currency, so its price reflects the expectation of markets for future rate increases. Another candidate for the head of the Fed was John Taylor known for his "Taylor rule" in increasing the money supply. Trump held an interview with him, however, who will take the place of Yellen is not yet clear. His appointment to the post promises much higher interest rates in the future than the long-term target of 2.75% assumed by the current management. EU data The ECB's divergence from the Fed in reducing money supply again became the subject of speculation after release of economic sentiment and inflation in the euro area. In September, the price increase remained at the same level of 1.5%, the core indicator increased to 1.3% from 1.1%. Nevertheless, the ZEW survey in Germany indicated a decrease in confidence in the future for firms, the key figure did not meet expectations (17.6 with a forecast of 20 points). The EURUSD fell by 0.25%. Arthur Idiatulin
Long
by Tickmill
EURUSD - 4H - Range About To Be Broken?If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: EURUSD Time frame: 4H So looking at the 4H chart on EURUSD you will notice that price came and hit our pink trading zone at which point we wanted to take a buy position. It has now done and you should be long. Price is starting to get rejected from the zone. Also notice the 200MA and the 50MA, although they have crossed the 200MA is not actually in a downward trend, it is level. Because of this I am still expecting EURUSD to rally more.
Long
by SocialTrading
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