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FX outlook for next week — #SaxoStrats
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How will US president Donald Trump’s plans to repeal healthcare legislation affect the markets in the coming week? Saxo Bank’s head of FX strategy John Hardy explains.
Regardless of how Friday’s vote in the House of Representatives proceeds, Hardy looks at how sentiment may be impacted next week in terms of how much the market believes it will affect the president’s pledges such as tax reform and infrastructure spend.
Hardy says that EURUSD has been poised at critical technical levels while USDJPY has slipped below a key range. He also discusses data points due from the US and the Eurozone.