IronFX Daily Commentary by Marios Hadjikyriacos | 11/11/2016
November 11, 2016 9:03 am
Will Trump make the US dollar ‘great again’? • Investors keep speculating over the possible effects of ‘Trumpenomics’. • They have been betting on higher US inflation, possibly due to more gov. spending and increased tariffs. • Higher inflation means the Fed may have to raise rates faster than prev. This explains USD strength after the election. • USD and stocks may remain supported in the near-term due to this speculation. • But big moves likely to come after he lays out detailed plans on spending/tariffs.
Today: • Germany: Final CPI for Oct. but usually not a major market mover for EUR. • US: U of M consumer sentiment index for Nov. is exp. to tick up. • Speakers: Fed Vice Chair Stanley Fischer and BoC Gov. Stephen Poloz. Investors will keep a close eye on Fischer’s remarks, for hints on whether the Fed is indeed likely to raise rates faster due to ‘Trumpenomics’.
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
Will Trump make the US dollar ‘great again’?
• Investors keep speculating over the possible effects of ‘Trumpenomics’.
• They have been betting on higher US inflation, possibly due to more gov. spending and increased tariffs.
• Higher inflation means the Fed may have to raise rates faster than prev. This explains USD strength after the election.
• USD and stocks may remain supported in the near-term due to this speculation.
• But big moves likely to come after he lays out detailed plans on spending/tariffs.
Today:
• Germany: Final CPI for Oct. but usually not a major market mover for EUR.
• US: U of M consumer sentiment index for Nov. is exp. to tick up.
• Speakers: Fed Vice Chair Stanley Fischer and BoC Gov. Stephen Poloz. Investors will keep a close eye on Fischer’s remarks, for hints on whether the Fed is indeed likely to raise rates faster due to ‘Trumpenomics’.
Join us for more technical and fundamental analysis: http://www.ironfx.com
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
Related Posts: