Both the DJIA and SPX initially reacted favorably to the news that the Republicans’ tax reform program had passed a vote in The Senate early Saturday morning, making it highly likely that (in its present form) the reforms will now become law. Investors wasted no time in immediately translating the reforms as a gift for […]
Over the weekend one of the pillars of Trump’s election pledge to “make America great again” finally began the process of becoming law, after being voted for in The Senate. The republicans’ tax reduction programme was finally voted through on Saturday morning, a plan that will ensure that anyone who earns less than circa $75k
Australia’s central bank will reveal its latest interest rate decision on Tuesday, with opinion finely balanced with regards to a rise or reduction, this economic calendar release will be closely monitored, as will be any accompanying, forward guidance explanation from the RBA, regarding their monetary policy. The Aussie dollar has sold off sharply versus the
As the Republicans’ tax reform programme reaches the final discussion and voting period, USA equities rallied, as confidence emerged that the necessary Senate votes would be captured, in order to push through the vote. The fly in the ointment is that the Republican Party only needs 2-3 of its Senators to vote against the programme,
Throughout the analysis, regarding Trump’s intended tax reform programme, which is now set for ongoing debate in the senate until a vote takes place on Thursday, few financial media commentators have picked up on the effect the reforms will have on tech shares. As a consequence of the tax avoidance measures already in place and
After months of gridlock the U.K. Brexit negotiation team has apparently finally agreed to pay an exit cost of circa €100b gross, which will reduce to circa €65b net over time. This first agreement, if completely ratified by the E.U., will now allow the negotiations to move onto discussing other issues, such as; the rights
At 13:30pm GMT on Wednesday 29th, the latest quarterly figure for annualized GDP in the USA, will be published. The last quarterly figure produced a growth figure of 3%, the consensus opinion, gathered from the economists polled by Reuters, suggests a rise to 3.2% for the latest QoQ annual growth. With investors in the USA
FX and U.S. equity traders need to remain highly vigilant during New York markets’ opening times on Tuesday, as Trump delivers a speech at the Senate regarding his tax plans. This is likely to be followed by a vote amongst both democrats and republicans later in the week, to begin bringing into law his highly
A Santa Claus rally used to be classed as a surge in the price of equities that often occurs in the last week of December, lasting through to the first opening trading days in January. However, over recent years the rally has enjoyed a far longer period, often beginning early December and lasting approximately a
With the FOMC due to meet in December, to decide on the next interest rate move for the USA economy, many FX traders and analysts will focus on the latest USA GDP figure when published on Wednesday. The Fed chairs may feel emboldened to begin a hawkish monetary policy in 2018, should GDP (annualised) come
