Trump says to Facebook and Twitter that it is dangerous to silence voices
The U.S President Trump on Monday said that is very dangerous for social companies like Twitter and Facebook to try and silence voices by banning accounts. The comment stated in an interview with Reuters while the Social media in general faces some extensive analysis to avoid any external propaganda. President Trump has more than 50 million followers on his Twitter account and it is a vital part of promoting his agenda. Trump said “I won’t mention names but when they take certain people off of Twitter or Facebook and they’re making that decision, that is really a dangerous thing because that could be you tomorrow,” After the comment, the two social media giants Facebook and Twitter declined to comment. The Facebook stock now it’s at 172.43 and Twitter at 32.61. The two companies’ stocks dint react much after the comment.
GBPJPY Opportunity after the 100MA
We saw some very encouraging clues on GBPJPY on the 1H timeframe with some important resistance level breakout at 141.156. The price now is retesting the resistance level to gain more power. To be able to spot any potential opportunities for the upside we need to see a clear breakout from the 200 MA. If confirmed, would open up an upside opportunity probably around 141.77 level.
EURUSD Gained momentum
Greece emerges from Eurozone bailout programme, the country was part of the biggest bailout in global financial history and it took more than 10 years for the country to come out. That is very positive for the EUR. The EURUSD gained momentum and the bulls took over for the time been. The EUR/USD is trading now above 1.1500 level today. While President Trump said that he doesn’t agree with the Fed’s rate hikes and stated that he will continue to criticize the central bank if it continues to raise rates. The USD tanked across the market. As for the technical side, the pair now recovered almost half from July from the high level of 1.1730 to 1.1300 and it’s retesting the 10 EMA. To be able to see any opportunities to the upside price needs to break the 1.1532 level.
Gold Prices looking good
Gold prices closed on Monday up $6.65 an ounce as the USDOLLAR eased after Donald Trump said he is not happy with the Federal Reserve’s recent interest-rate hikes. The AUD/USD pair continued moving higher through the Asian session on Tuesday giving a boost to gold as the two often rise or fall together. XAU/USD reached about the $1196-$1194 and that was expected because the price broke a technical resistance level at $1189. We don’t expect any major U.S. economic data today. Minutes from the U.S. Federal Reserve’s last meeting will be released on Wednesday. The XAUUSD now trades above the 50 MA on the 1H timeframe and the next resistance level is at 1197.7.