The big day has finally arrived. Donald Trump will enter the White House shortly after pledging/vowing and I heard that Hillary Clinton will attend. This must be even more painful for her I guess.
But, what do we expect to happen in the financial markets, or don´t happen?
I don´t really know if we will make an extended speech or what he might talk about if he does, because there´s millions of topics to cover in the wide range that Trump pretends to cover (from making America great again to being racist, or worse), so perhaps forex traders are getting too worked out for no reason.
Obviously, the first things that we like to hear about from the new US president are his plans for the economy now that he finally has the means to practice what he preaches. Also, if there is a fiscal stimulus coming up at all.
The financial world has been anticipating a big fiscal stimulus since November 8th, hence the USD rally in the last two months of last year.
But, he mentioned nothing last week and we know he´s unpredictable, so the fiscal stimulus anticipations might get chucked off the window just like that.
Yet, I still find good value in buying the Buck against some of other major currencies if the forex market gets disappointed. GBP in particular springs to mind, but the Yen and probably the commodity Dollars are tempting too. So, let´s be ready for whatever comes today.
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