House Told to Accept Changes or Live With Obamacare

House GOP leaders are hurtling toward a vote Friday on their embattled health-care bill without knowing for sure they have enough support to pass the measure, after yielding to Trump administration demands to act now.

If the high-stakes gamble works and the House manages to pass the Obamacare replacement bill, it will be an important win for President Donald Trump and House Speaker Paul Ryan who have formed an uneasy alliance to repeal the health care law.

But if the measure is blocked, it will be an embarrassing setback that casts doubt on the ability of Trump and Ryan to deliver on their ambitious agenda, including a sweeping tax overhaul and infrastructure package, both of which are being closely watched by Wall Street.

Bloomberg

Gold Unmoved by Soft US Jobless Data

USD/JPY – Yen Hits 4-Month High, US Jobless Claims Jump

Screen Grab

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.