Tuesday, 28 February 2017

Daily Market Roundup (February 28, 2017): DailyForex.

Published on 28 Feb 2017
The U.S. Dollar jumped up and down yesterday as the market awaits President Trump’s first address to Congress today, in which he should outline plans for tax reform.

The EUR / USD currency pair was sold heavily at about 1.0630 yesterday, but is rising again as the London open approaches.

The USD / JPY currency pair broke out of its short-term bearish trend, but is being sold off again after approaching 113.00.

The GBP / USD currency pair has remained within a range centered around the psychologically key 1.2500 number. It seems to have found support at 1.2400.

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