Trump Demands Wall in Exchange For DACA Deal

President Donald Trump is hardening his demands for a deal to protect young undocumented immigrants from deportation, a dispute with congressional Democrats that hangs over talks this week to avoid a government shutdown.Any deal on the Deferred Action for Childhood Arrivals program, or DACA, must also forbid immigrants from sponsoring family members to join them in the U.S., end a program that allots visas to people from countries with low rates of migration to America, and provide money for a wall on the Mexican border, a White House spokesman said Tuesday. The statement echoed a Trump tweet from last week.“The Democrats have been told, and fully understand, that there can be no DACA without the desperately needed WALL at the Southern Border and an END to the horrible Chain Migration & ridiculous Lottery System of Immigration etc,” the president wrote on Friday. “We must protect our Country at all cost!” On Tuesday he added, “Democrats are doing nothing for DACA – just interested in politics.”

Source: Trump Hardens Immigration Stance Heading Into Shutdown Talks – Bloomberg

FOMC Minutes Eyed as USD Stages Small Rebound

Investors Look for Clarity in FOMC Minutes

CAC Stems 3-Day Slide, French Services PMI Next

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.