Trump will be in focus this week - ANZ
|President Donald Trump addresses a joint session of Congress this week.
Key Quote:
"Some topics that markets will be looking for guidance and insight include the proposed tax cuts and tax reform program, regulation, trade policy, and immigration."
"However, outside of general statements regarding the legislative agenda, we doubt that much more detail will be forthcoming. Treasury Secretary Mnuchin’s interview last week outlined a 3%+ growth target, tax reform, and tax cuts particularly for business and the middle class. While it was reported over the weekend that the administration is aiming to have an outline of a 2018 fiscal budget done by mid-March, it is difficult to see what Trump can add to Mnuchin’s comments at this stage."
"The local highlight is Q4 GDP on Wednesday. Our preliminary estimate is for a rise of 0.6%q/q, 1.8%y/y. After the surprising weakness in Q3, the improvement in Q4 GDP looks to be broadly based. "
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.