Last week the US Dollar gained as the result of the Presidential Election came through. The initial expectations of a tight race soon faded as Donald Trump took what became a clear and decisive victory in the race.
The dollar and Stocks moved higher as the Trump policies would be good for the dollar, but the market is over extended.
While the Dollar had its day in the sun the Euro had a terrible week. The Eurozone is now caught in the potential of Trade wars 2.0 as the new administration could look to place heavy tariffs on European exports.
Commodity and risk currencies had a good week buoyed by a strengthening US stock market. AUD was the top performer, but it seems unsure how long this will last. Chinas continued stimulus seems to have fallen flat and what next for the Chinese economy is wait and see.
Oil continued to trade within a broad range as the lack of any progress in the Middle East seems for now to be keeping the oil price under control.
The week ahead we would expect to see a continuation of the last week with stock markets making gains as the new administration euphoria continues.
Data wise we have US CPI dominating the week.
Weekly Majors’ Market Performance
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The post Trump Takes a Full House first appeared on trademakers.
The post Trump Takes a Full House first appeared on JP Fund Services.
The post Trump Takes a Full House appeared first on JP Fund Services.
