President Trump, the author of the best selling ‘Art of the Deal’ is set to face his toughest test – partially repeal and replace the Affordable Care Act, aka Obamacare.
Market Strategist Ronnie Chopra says, “We could be in for a roller coaster ride if the bill is rejected”. Dow could extend the losses, he adds and calls 110.00 levels as a sort of a floor on the USD/JPY pair.
Watch the full segment to know if Nikkei would drop in line with the weakness seen in the USD/JPY pair.
Also discussed is – Goldman’s view that past oil spending could lead to another glut in 2018, Next PLC earnings, Charts from Investors Intelligence – Bullish break on the VIX Index, Oanda forex market sentiment, Trade of the day and Broker recommendations.