IronFX Daily Commentary by Marios Hadjikyriacos | 28/02/2017
February 28, 2017 9:42 am
Trump to announce something “bigly” on infrastructure? • Unlikely to say much about taxes. But he’s going to announce something “big” on infrastructure. • Some clarity on the potential size and/or timeline of any massive infrastructure plan, could bring USD under renewed buying interest (equities too). • However, a more vague speech, with no clear details or numbers, could lead to downside USD correction. • Also, watch out for any comments on the one-time repatriation of corporate cash held abroad (a confirmation of that could boost USD too).
Today’s highlights: • Sweden: GDP for Q4 and retail sales for Jan. Both exp. to show progress. SEK-positive. • US: 2nd estimate of Q4 GDP is exp. to be revised up. USD-positive, but the main focus will be on Trump’s speech. Also, Chicago PMI and CB consumer confidence index, both for Feb. • Speakers: Besides US President Trump, San Francisco Fed President John Williams.
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Trump to announce something “bigly” on infrastructure?
• Unlikely to say much about taxes. But he’s going to announce something “big” on infrastructure.
• Some clarity on the potential size and/or timeline of any massive infrastructure plan, could bring USD under renewed buying interest (equities too).
• However, a more vague speech, with no clear details or numbers, could lead to downside USD correction.
• Also, watch out for any comments on the one-time repatriation of corporate cash held abroad (a confirmation of that could boost USD too).
Today’s highlights:
• Sweden: GDP for Q4 and retail sales for Jan. Both exp. to show progress. SEK-positive.
• US: 2nd estimate of Q4 GDP is exp. to be revised up. USD-positive, but the main focus will be on Trump’s speech. Also, Chicago PMI and CB consumer confidence index, both for Feb.
• Speakers: Besides US President Trump, San Francisco Fed President John Williams.
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To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
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