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Trump Announces Reciprocal Tariffs, USD Tests Support

Trump announced sweeping reciprocal tariffs, but they appear to be delayed in implementation, allowing for time to negotiate; and that’s released some pressure from markets fearing even more near-term change.

Graphic of trading data chart

European Open: EUR/USD and EUR/GBP in focus for eurozone CPI

Both EUR/GBP and EUR/GBP are hugging various pivot points ahead of the open, but whichever way they break initially our bias is for a break to new lows.

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February 23, 2023 04:03 PM

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