The new Trump’s government consists from generals of U.S army forces and mainly Wall Street workers, economists and entrepreneurs. As Trump watches the most powerful country to decline during the last couple of years, he has decided to adopt radical economic structural reforms and changes to U.S economy. Trump has chosen to follow Reagan and Thatcher policy and it seems that he has all the abilities probably to achieve it.
For 2017 we see extremely high probabilities to have a sharp selloff for EUR/JPY as the situation in Europe is going to get worst in all aspects from political uncertainty and populism to growth and unemployment. It seems that Draghi cannot help much Europe at the moment and will not print new money until German elections.
Daily Key points:
• Britain’s Prince Charles says populism risks return to ‘horrors of the past’
• ECB’s Weidmann says ECB shouldn’t leave it too late to hike rates
• Bitcoin above 900 , highest since 2014
• Deutsche Bank Settles With DOJ: Will Pay $3.1 Billion Civil Penalty
• Italian cabinet approves decree to support banks
• U.S Savings Rate Plunges To March 2015 Lows As Income Growth Weakest In 9 Months
Daliy Economic calendar:
|UK||Final GDP q/q||Medium||0.5%||0.5%||GBP||12:30|
|USA||New Home Sales||Medium||563K||575K||USD||18:00|
|USA||Revised UoM Consumer Sentiment||Medium||98||98.2||USD||18:00|