Trump Criticized the Fed and the EURUSD Jumped

The EURUSD reversed its course today at around 1.1574 after Trump criticized the Fed.

The EURUSD enjoyed a little Trump-triggered rally today after he said that he was not happy with Fed’s decision.  “…  I don’t really — I am not happy about it, but at the same time, I’m letting them do what they feel is best.”  The EURUSD jumped from 1.1605 to 1.1677 shortly after the comment.

The strong economic data is the main driver of the U.S. dollar strength.  The Fed will continue to raise interest rates, while the ECB is not considering any tightening until mid 2019.  That keeps euro under pressure against the U.S. dollar.

There has been 1 trade from my MT4 EA since the last update.   It was a loss.

The strategy can be found here.

The previous week’s result can be found here.

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