In view of Richard Franulovich, Head of FX Strategy at Westpac, Democrats’ advances in US Congress will likely thwart Trump’s agenda (tax cuts 2.0, deregulation), though infrastructure could see a bipartisan push. Expectations should be restrained though. Key Quotes “Trump and Democrats are very far apart, the latter preferring federal spending to drive capital works while the administration has pushed for private sector participation.” “On balance, a divided Congress after the midterms eliminates some upside potential for the USD that would have come from additional fiscal stimulus and upward revisions to 2019 prospects. But we wouldn’t get too carried away: 2 and 10yr yield spreads continue to trend relentlessly in the USD’s favour to new historic wides even absent that. DXY offers value for longs into 95.00.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP futures: upside could be running of steam FX Street 4 years In view of Richard Franulovich, Head of FX Strategy at Westpac, Democrats' advances in US Congress will likely thwart Trump's agenda (tax cuts 2.0, deregulation), though infrastructure could see a bipartisan push. Expectations should be restrained though. Key Quotes "Trump and Democrats are very far apart, the latter preferring federal spending to drive capital works while the administration has pushed for private sector participation." "On balance, a divided Congress after the midterms eliminates some upside potential for the USD that would have come from additional fiscal stimulus and upward revisions to 2019 prospects. But we wouldn't get too carried away:… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
