The forex market in the next couple of days expects the first steps of the new president of United States. As overall the steps of Donald Trump is to restart the U.S. economy and cut the unemployment. If he executes his words in action the dollar probably very fast will go to parity with the euro.
The fundamental news may not influence so much this week over the forex trading. The trading idea this week after 4 losing weeks for the dollar is stop of the process and slowly recovery of the dollar. Although that the trend remains bullish at the mid of the week we expect that end. We recommend using the moment to close any long positions and change into short.
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Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.