India Crypto Exchange

Best Bitcoin Trading Platform

Government Shutdown Without Major Impact Markets

Government Shutdown Without Major Impact Markets

Two years ago, worries about the debt ceiling in the US caused a panic on the markets and was one of the reasons of the massive selling of stocks and the dollar appreciation. This year, it is not like in the previous years despite the fact that we are really experiencing the government shutdown. Traders are calm. This is mainly because they still believe that politicians will finally find the way to sort this problem out, and because there is another top story on the market: the QEIII termination. With the US government shutdown, the chances that QEIII will be tapered anytime soon in October or December decrease significantly, which is good for the markets.

EUR/USD” title=”EUR/USD” src=”https://d1-invdn-com.akamaized.net/content/pic67aeb16a2973f9a0ce144fee3613b985.png” height=”434″ width=”981″ />Technically, the EUR/USD is almost on its mid-term highs, closed in a pennant formation which is a weak bearish correction of the recent upswing. More chances are given to the buyers, and the buy signal will be triggered once the price breaks the upper line of the pennant and sets new highs above 1.3570. The sell signal will be triggered once the price breaks the 23.6 Fibonacci, which will drive the EUR/USD directly to the psychological support at 1.34 and 38.2 Fibo.

0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments