Investors were left empty handed on Wednesday after Donald Trump’s massive tax announcement failed to provide the clarity long sought. While some details were provided over corporate tax’s receiving a cut from 35% to 15%, questions were raised if such would be passed through congress. The disappointment has impacted the Macron-inspired risk-on rally with sellers also attack the Dollar. Much attention may be directed towards the ECB meeting this afternoon which markets expect to conclude with monetary policy left unchanged.
– The #EURUSD bulls are trying to maintain control above 1.0900 – #USDJPY needs to keep below 111.60 for further downside – #WTI Crude remains pressured by the oversupply concerns – #Gold is attempting to break $1260
Investors were left empty handed on Wednesday after Donald Trump’s massive tax announcement failed to provide the clarity long sought. While some details were provided over corporate tax’s receiving a cut from 35% to 15%, questions were raised if such would be passed through congress. The disappointment has impacted the Macron-inspired risk-on rally with sellers also attack the Dollar. Much attention may be directed towards the ECB meeting this afternoon which markets expect to conclude with monetary policy left unchanged.
– The #EURUSD bulls are trying to maintain control above 1.0900
– #USDJPY needs to keep below 111.60 for further downside
– #WTI Crude remains pressured by the oversupply concerns
– #Gold is attempting to break $1260
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