US dollar finds its legs. What to expect from Trump

Can"t keep the dollar down

The theme of falling USD and yields is unwinding a bit. USD/JPY is 30 pips from its lows at 112.07 after a test of the February low of 111.60 held.

The whole market is trying to handicap the Trump speech but it will be a very difficult one to trade. He will make some "phenomenal" promises and that"s worked in the past to boost equities and the dollar but it"s the kind of tactic that has diminishing returns in the absence of details.

On details, I just can"t believe that Trump is capable of speaking about specific details but that wouldn"t preclude some kind of simultaneous release of something. That said, you would think something would have leaked.

So all I really expect is the same old stump speech from Trump. How will that play in the market? I suppose there will be disappointment if only because the market has run so much already.

US dollar finds its legs. What to expect from Trump
US dollar finds its legs. What to expect from Trump
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