Market roundup – The HUGE “Trump Trade” of 2016 – Tip TV
It’s been one hell of a week for investors as the expectations of a massive fiscal spending under the Trump Presidency led to a sell-off in the US treasuries and a sharp rise in the US dollar against the basket of the currencies on expectation of a steeper Fed rate hike path.
The action we witnessed during the last one week has been called a ‘Trump Trade/Trump Bump”.
In the opening segment of the London show we discuss whether the Dollar index is set to rally further or the Trump Trade is about to fizzle out.
Watch the opening segment where Alessio Rastani, from LeadingTrader.com says the DXY is set to explode and explains the bullish Bollinger bands pattern on the Dollar Index (DXY) chart. Rastani is joined by Tip TV’s Zak Mir. The panel also sheds light on the Oanda forex sentiment chart, most popular stories in Business/Finance and Yellen testimony.
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