Traders Edgy ahead of US CPI

Tax Reform

“There appeared to be a significant compromise brewing amongst Republicans (on Thursday) but given the bloated nature of the current tax code, for every compromise tabled there seems to be another band-aid fixed elsewhere,” said Stephen Innes, head of Asia-Pacific trading at Oanda.

“Understanding and patience will be the name of the game for this to pass but it would not surprise me if we found ourselves back dead in the water next week.” Easing concerns about Spain’s Catalan independence crisis provided support to the euro.

The Business Times Via AFP

 

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.

Stephen Innes

Stephen Innes

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

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