Stocks were buffeted by uncertainty around president Trump’s immigration moves.
So much so they missed the fact he also issued an Executive order on regulation – one the market was cheering.
Uncertainty has increased and the markets are in turmoil because of the risk associated with this presidency.
Stocks greeted President trump with a rally but the US dollar is under pressure once again. The questions is how low it could go. Let’s look at the key level.
With Donald Trump’s inauguration as the 45th president of the United States of America, markets are closely watching this for clues to what official policy will be. Click here to see the full report and plan your trades accordingly.
The pound roared igniting a broad based US dollar sell off… that makes a lot of sense. Back in 2007, AxiTrader was founded on a simple idea: to be the broker we’d want to trade with. At AxiTrader, our focus is always on integrity, service and execution.
Financial Markets are in turmoil following the decision by the UK to leave the EU. This looks set to continue given the developments over the weekend, which has seen the UK Labour Party unravel
and with little apparent leadership coming from the Conservatives over the direction that will now be taken. UK Chancellor, Osborne will make a statement later today on what the Government intends to do to
to attempt to provide some stability to the markets. Be very nimble in trading – and keep stops in place at all times seems to be the best plan.
The ghastly NFP figure on Friday more or less ended any thoughts of a June rate hike although Janet Yellen will be speaking later on today and the markets will wait for her to provide the next direction.
The main economic events of the week will come via the Interest Rate Decisions due from the RBA and the RBNZ. No changes are expected. Watch this video from AxiTrader to prepare your trading week.
Although it is likely to be quiet on Monday due to US and UK holidays, the coming week will be busy, culminating with the US Employment and NFP which are due on Friday and where a strong reading would underline Janet Yellen’s hawkish comments from last Friday. Elsewhere the other main event will be the ECB Meeting – no change expected. The PMIs are due Wednesday/Friday and Australia will have a busy week with the GDP (Wed) and Retail Sales (Thur) in focus
Non Farm Payrolls is on investors radar today. 200,000 is the number traders are looking for. Click here to find out more about today’s market conditions.