OctaFX | OctaFX Forex Broker
Open trading account

US: Momentum building towards tax reform passage - ANZ

Analysts at ANZ suggest that momentum is building towards the passage of US tax reform.

Key Quotes

“Notably, there is talk that both Houses will pass a short-term “continuing resolution” next week, which will authorise a continuation of government spending until early next year. This could allow Congress to devote more time in December to resolve the differences on the tax bill – thus increasing the odds a tax overhaul could be approved by year-end. It’s unclear, however, whether this will provide much momentum to the USD – with lots of positive news already priced into the currency (the surprise index is at the highest level in more than 6 years) and lingering uncertainties around the impact the tax reform could have on the economy.”

GBP/USD regains 1.3500 and above on Brexit

The Sterling has sharply rebounded from daily lows vs. the greenback and is now lifting GBP/USD to challenge daily tops beyond 1.3500 the figure. GBP
Read more Previous

UK: Saved by the global recovery - Nomura

The UK economy has, so far, failed to slow as sharply in response to Brexit as some were expecting immediately after the vote, explains the research t
Read more Next
Start livechat