Daily Alert: Wednesday 25th January 2017

Mark NugentDaily Alert, Jan 2017

Forex Analysis for Wednesday 25th January 2017

The Trump trade may be back, at least for equities. Trump announces two major oil pipelines and his team has short-listed 50 infrastructure projects valued at total USD137.5B, as priorities (Newswires). The S&P500 and Nasdaq hit all time highs and the Dow 30 is not far behind. The USD itself moves up very slightly. UK indices pause just above the 50MAs as the GBP continues to strengthen. The JPY weakens propelling the Japan225 upwards.

There is now a regular newsflow from the ECB on the removal of monetary easing: ECB’s Lautenschläger stated she is optimistic that the CB will soon discuss exit from easy monetary policies, but also commented that loose monetary policy should not be stopped abruptly and instead the dose should be cut slowly as such policy should be reduced gradually (Newswires).

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