Trump has been radically shifting his political stance and started to abandon his election promises. The reaction of the Dollar and the US stock market shows that investors are very sensitive to the president’s words.
The Dollar renews advances together with Oil, as investors seem to bet on worldwide economic expansion in 2017.
Greenback outshines its major opponents, despite the low-volume trading.The Oil traders remain optimistic as OPEC prepares to cut output.
Greenback retreats as market euphoria over Trump is phasing out, this pushes Crude oil to rally.
The USD renews peaks while the bond rout deepens. On the other side of the world, the upbeat Japan data eases pressure on BoJ.
The victory of the Republican candidate has revealed important details about the nation’s sentiments – the feeling that business and political elite has left them alone.
The lackluster Chinese data spurred demand for a safe haven with the Japanese Yen rising against the Dollar.
Major shifts in the market ahead of the OPEC meeting in Algiers and Yellen testimonial.
The Russian RTS extends its losing streak for the third day in a row sinking 0.79%; the Brazil Bovespa drops 1.10%. On top of that the European equities sunk along with the American shares.
The period of cheap US Dollar will be extended for some time allowing investors to hunt for higher yields in the emerging markets.