It may return high trend posible in shorterm trade..still looking for good sign on this pair.
Dominat Trend : BEARISH
Telegram Channel : t.me/fiboking_hentakfx
Dominat Trend : BEARISH
Telegram Channel : t.me/fiboking_hentakfx
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My Forcast Level Expectation
Today is finally the day Donald Trump will speak before Congress for the first time. Markets, especially the US stock markets, are holding their breath as Trump prepares to unveil his much-expected fiscal plan. According to White House aides, US President Trump would propose $54 billion increase in defense spending, which would be 10% rise on the current defense budget. Such historical rise in the military budget would certainly imply sharp cuts in several federal agencies’ budgets to balance the sheet. Consequent cuts are expected for the US State Department and the Environmental Protection Agency (EPA).
Trump also vowed to spend ‘big’ in infrastructure. Recently he had hinted at as much as $500 billion infrastructure spending, besides ‘phenomenal’ corporate tax cuts. Based on Trump’s early promises, the expectations are high. The US stocks extended gains as we move toward Trump’s address in Washington tonight. The Dow Jones extended record for the twelve consecutive sessions to $20851. The S&P 500 traded at the record high of $2371.54.