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- Trg8472 replied Mar 26, 2017
I'm sorry you don't think fundamentals play a role in EUR/USD trading; but, if that's how you feel, well..... I guess.... your kingdom, your rules. Later all.
- Trg8472 replied Mar 26, 2017
Indeed; Trump lost on his immigration plans, on his healthcare plans, and to a less spectacular proportion, on trade plans. In the process, he alienated both, moderate republicans and ultra conservative republicans, the democratcs, and several ...
- Trg8472 replied Mar 26, 2017
Also: url
- Trg8472 replied Mar 26, 2017
For the long term (months and years), I think the EUR/USD will go up for a number of reasons: - the ol' "what goes down, must come up" wisdom of the ages; since 2014, EUR has dropped like a bag of rocks; I know, not exactly a scientific reason, but, ...
- Trg8472 replied Mar 24, 2017
At this point, this bill is dead, canceled, kaputt - it won't be modified. But, they'll create new bills to address these same issues. For now, the bill's failure is a lift for the EUR, so, I kept my long position for the short term.
- Trg8472 replied Mar 24, 2017
Yep, they've postponed the vote.... but, still somewhat mildly positive news for the EUR bulls...
- Trg8472 replied Mar 24, 2017
Yep, now they're deciding whether they will vote, or postpone the vote, in spite of what Trump said that a vote must be had today.
- Trg8472 replied Mar 24, 2017
Exactly; as the first major effort by the Trump administration to govern, the failure to pass this bill suggests that the Republican party, the party in control of both houses of governemnt, is so split within itself, they'll have problems in the ...
- Trg8472 replied Mar 24, 2017
EUR/USD already is pushing up. Now, we get to see how much resistance was at 1.0825
- Trg8472 replied Mar 24, 2017
the bill is not just about health care; there is one Trillion dollars in tax breaks and business stimulation included. In addition, it is also a test of the Trump administration to govern and its ability to pass laws; failing to pass the bill would ...
- Trg8472 replied Mar 24, 2017
I agree; doesn't look like it will pass. the VP concluded his meeting with the groups they were trying to persuade to support the bill, but the looks on them coming out of the meeting suggests they are not in agreement. So, no additional support for ...
- Trg8472 replied Mar 24, 2017
It's a live vote; the result will be displayed as the votes come in, so, maybe 30 minutes until everyone finishes voting. Right now, it looks like the bill is short 24 supporters. But, last minute surprises can happen.
- Trg8472 replied Mar 24, 2017
If the bill passes, then EUR/USD should drop (USD getting stronger). My guess, EUR/USD goes to 1.074 If the bill fails to pass, then obviously, EUR/USD would go up, perhaps to 1.087 If the bill is postponed for another day.... not sure what will ...
- Trg8472 replied Mar 24, 2017
Looks like the healthcare bill will be voted on at 3:30PM EDT, and as of now, there aren't enough supporters to guarantee that the bill will pass. Trump administration continues to get support for passing the bill, so.... at this point nobody knows ...
- Trg8472 replied Mar 24, 2017
It could be after hours; the vote hasn't been scheduled yet as politicians are still trying to gather sufficient support. Trump is pushing for a Friday vote, but.... that doesn't mean that he will get his wish, and the vote might come next week. In ...
- Trg8472 replied Mar 24, 2017
As I understand it, the significance of this vote is high, as it is an indication of Trump's government to pass other laws that are directly important to the economy. In other words, this vote is a lithmus test for the other major plans the Trump ...
- Trg8472 replied Mar 24, 2017
I'm guessing the markets are waiting on the healthcare bill to be voted on. If the GOP healthcare bill passes, then USD should be getting stronger; if it fails, than it will probably drop significantly.
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