When we look at the American economy, the data which were announced during this week, they were far away to meet the expectations of analysts and traders. The seasonal effect predicted a weakening in the first quarter data. However, weak recovery and delayed reforms continue not to scare the stock market for now. Also, in some commodities and currency pairs which belongs to American economy and Dollar, we can observe a sales pressure with the beginning of today.
The cause can be summarized in particular as the expectation of tax reform and the ongoing hopes for the issue. Yesterday, the message of the US Treasury Secretary gave the morale to the news that the tax reform would be carried out, even if the health reform was passed. Mnuchin said Trump administration's priority was growth, and that tax reform had to be done.
European markets focused on the first round of the presidential election to be held on Sunday in France. The Euro is heading towards the strongest weekly gain of three months before the presidential election to be held on Sunday in France. The weakness of the Dollar was effective at strengthening the Euro.
- Date: 21 April 2017 Fri 07:49
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