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[QUOTE="riki143, post: 119701, member: 29499"] [B]Morning brief for January 20[/B] 1/20/2017 [IMG]https://fxbazooka.com/img/articles/12122/donald_trump_flag(1).jpg[/IMG] All traders will be on tenter-hooks ahead of the US President-elect Donald Trump’s inauguration. You should be extremely wary and cautious these days as Donald Trump is preparing to sign several executive actions that can be implemented without the input of Congress. There might be lots of swings and troughs across the trading desk as traders attach great importance to the aforementioned event. There shouldn’t be any protectionist rhetoric in Trump’s inauguration speech, any specifications on president’s policy projections, but investors’ anxiety will likely be a drag on the dollar. EUR/USD rose in the course of the last trading session as Fed’s Chair Janet Yellen surprised traders with a less hawkish tone in her speech than she had on Wednesday. What can we say, women are all like her; they blow and cold. The euro extended its gains recouping its yesterday’s losses generated after European Central Bank president Mario Draghi downplayed the significance of the recent boost in the inflation rate. USD/JPY rose to 114.85 on the weakening of the yen. Earlier today Japanese finance minister Aso said that the government is going to mobilize policy tools to accelerate Abenomics and thereby help BOJ to hits 2% inflation target. USD/CAD missed some points in the early hours of the Asian probably on the rising oil prices. The latter ones got a boost after cuts agreed by producers took their effect. Today’s focus will one Canadian inflation and retail sales data coming at 15:30 (MT time). AUD/USD was toing and froing in the course of the recent session. First, it reached 0.7590 level first and then scaled back to 0.7560. China’s fourth-quarterly economic data was OK. Chinese GDP beat market’s expectation having propped by higher government spending and record bank lending. Many analysts, including financial pundit George Soros, believe that China’s economic growth is doomed for deceleration as country’s trade with its major trading partner – the US – is put at risk. GBP/USD continues its rally that started on Tuesday after Theresa May held promise for the UK future after Brexit. More: [URL]https://fxbazooka.com/analytics/12122[/URL] [/QUOTE]
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