{"id":433518,"date":"2026-07-10T22:15:16","date_gmt":"2026-07-10T15:15:16","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/usd-moves-higher-as-traders-react-to-trump-comments-433518\/"},"modified":"2026-07-10T22:15:16","modified_gmt":"2026-07-10T15:15:16","slug":"usd-moves-higher-as-traders-react-to-trump-comments","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/usd-moves-higher-as-traders-react-to-trump-comments-433518\/","title":{"rendered":"USD moves higher as traders react to Trump comments"},"content":{"rendered":"
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The latest geopolitical headlines once again reminded traders just how headline-driven markets can be. Following President Trump’s declaration that the “Ceasefire is OVER!”, the initial reaction was textbook risk-off: the U.S. dollar moved higher, stocks turned lower, oil prices rallied, and Treasury yields edged higher. However, true to the recent roller-coaster price action, many of those moves have already begun to reverse. It’s a familiar pattern\u2014markets react first to the headline, then reassess as the dust settles.<\/p>\n

EURUSD:
\nThe EURUSD initially fell back below its converged 100- and 200-hour moving averages, currently at 1.14257 and 1.14200, with the decline reaching 1.1411 before rebounding toward 1.1420. As highlighted in the morning Kickstart video, those moving averages remain the key short-term barometer. Trading below them tilts the bias toward the sellers, while a sustained move back above would favor the buyers. On the topside, resistance remains at the 38.2% retracement of the June decline at 1.14618, followed by this week’s high at 1.14715. Today’s rally stalled at 1.1460, just shy of that Fibonacci level. On the downside, support comes in at this week’s low of 1.13908, followed by 1.1377, and then the June cycle low at 1.13238.<\/p>\n<\/p>\n

GBPUSD:
\nThe GBPUSD briefly slipped below both its 100- and 200-day moving averages at 1.3399 and 1.3396, falling to 1.33913 after the headline. However, buyers quickly stepped back in, pushing the pair back above both averages. The pair now trades near 1.3408, keeping the bullish bias intact. A move back below the two daily moving averages, along with the rising 100-hour moving average at 1.33868, would hand control back to the sellers. On the topside, resistance remains between 1.3446 and 1.3465. That area once again attracted sellers during the Asia-Pacific session, with today’s high reaching 1.3451, reinforcing it as a key ceiling.<\/p>\n

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USDJPY:
\nThe USDJPY also bounced on the geopolitical news but continues to trade below the important 161.95-161.97 resistance zone. That area marked the 2024 high and, when broken on June 30, helped propel the pair to its highest level in 40 years at 162.833 before the sharp correction that took the pair down to 160.45. While 161.95-97 remains the key technical pivot, the nearby 200-hour moving average at 162.046 and 100-hour moving average at 162.173 add another layer of resistance. In today’s volatile environment, those technical levels remain critical guides as traders navigate the geopolitical headlines.<\/p>\n<\/p>\n

U.S. Stocks:<\/p>\n