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DX 1Q 2017


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Trump to address Congress Tue 28th Feb and expected to give greater detail to tax cuts and infrastructure spending plans could lead to big market moves either way, disappointment or enthusiasm.  


DXY fall caught by the 100 ema and prior value area, currently rejecting 10100, may continue down to retest 10040 prior low.


240217US Dollar Basket (DFB).png







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Trump budget speech to congress tonight 2am. Some hints out already, it has been reported tax cut plans cannot be finalised until health policy is decided (dismantling Obamacare) and that 52 billion extra planned for military will be off set by savings elsewhere, not increased borrowing. 

Not sounding like the stimulus package expected, may squeeze the 'Trump Rally'. 


info tr.PNG

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DXY fluctuated on Draghi's comments yesterday, still capped by 10220. NFP today 13:30.

EURUSD still ranging since late Feb. (4 hr chart).

USDJPY continues big move up, now looking to test 11600.

GBPUSD attempted a breakdown that failed. GB manu and indy production data 09:30 and GDP estimate at 15:00.


100317USD (DFB).png100317JPY (DFB).png100317USD (DFB).png



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DXY trying to pick it's self up off 10000 as eurodollar gets jitters over French election polls. Euro fell as Le Pen increases lead in primary election poll and tightenes gap in secondary. First round still just over a month away but as with Brexit and GBP, polls data could cause increasingly erratic moves for eurodollar.


fpoll.PNG170317US Dollar Basket (DFB).png

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